---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000321"
form_type: "8-K"
ticker: "CVGW"
cik: "0001133470"
company_name: "CALAVO GROWERS INC"
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:26:02.901243+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Calavo delays 10-K due to internal probe; FY2023 revenue down 18%; explores Fresh Cut sale

## Summary
- Net sales fell ~18% to $972M for FY2023; gross profit margin modestly lower.
- Special Committee investigating Mexico operations; 10-K delayed up to 15 days.
- Signed non-binding LOI to sell Fresh Cut business to F&S Fresh Foods for ~$100M.
- Sale expected to close in Q2 2024; proceeds for debt reduction and core growth.
- Board declared $0.10/share dividend payable Jan 31 to record Jan 26.

## SEC filing metadata
- accession: 0001558370-24-000321
- form_type: 8-K
- ticker: CVGW
- cik: 0001133470
- company_name: CALAVO GROWERS INC
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133470/000155837024000321/0001558370-24-000321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133470/000155837024000321/cvgw-20240116x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000321
- JSON: https://secwatch.observer/filing/0001558370-24-000321.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000321.txt

## Key facts
- Earnings Releases
  CALAVO GROWERS INC reported for the year ended October 31, 2023 results: revenue $972 million.
  - Period: for the year ended October 31, 2023
  - Revenue: $972 million
  - Result: preliminary results
  source text: The Company expects to report in the Form 10-K that net sales decreased approximately 18% to $972 million for the year ended October 31, 2023, compared to the year ended October 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837024000321/0001558370-24-000321-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.