earnings
confidence high
sentiment positive
materiality 0.75
Calavo Q3 adj EPS $0.57 beats $0.43; revenue up 11.7% to $179.6M; dividend raised
CALAVO GROWERS INC
2024-Q3 EPS reported
-$0.05
revenue$491,585,000
- Total net sales $179.6M (+11.7% YoY); Grown segment sales $163.2M (+13.3%).
- Net income $5.4M ($0.30 diluted) vs $8.7M ($0.48) prior year; adjusted net income $10.2M ($0.57) vs $7.7M ($0.43).
- Gross profit $20.1M (-8.7% YoY); Prepared segment gross profit down $0.8M to $1.9M.
- Adjusted EBITDA $13.5M vs $13.0M prior year.
- Fresh Cut business divestiture completed Aug 15, 2024; reported as discontinued ops in Q3.