Calavo Q2 net sales up 16.5% to $184.4M; adjusted EPS $0.50 vs $0.29

CALAVO GROWERS INC

2024-Q2 EPS reported -$0.01 revenue$311,989,000

Net income from continuing ops $6.5M ($0.36 diluted), up from $1.4M ($0.08) YoY.
Grown segment sales +18.9% to $166.8M; Prepared segment -1.9% to $17.6M.
Adjusted EBITDA $13.4M vs $9.9M in prior-year quarter.
Fresh cut business classified as held for sale, reported in discontinued ops.
Gross profit improved to $20.4M from $15.7M, driven by Grown segment margin expansion.

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