Mission Produce Q4 revenue $257.9M (+8% YoY), adj. EPS $0.11; guides Q1 pricing up ~15% YoY

Mission Produce, Inc.

2023-FY EPS reported -$0.04 revenue$953,900,000

Q4 net income $4.0M ($0.06 EPS) vs net loss $42.0M a year ago; adjusted net income $7.5M ($0.11).
Full year revenue $953.9M (down ~9% YoY); adjusted EBITDA $48.4M (+2%); net loss improved to $2.8M.
Marketing & Distribution segment adj. EBITDA up 170% to $10.8M; International Farming down 91% to $1.1M on El Niño.
Blueberries segment net sales +88% YoY; segment adj. EBITDA +440% driven by higher pricing and volume.
Q1 FY2024 outlook: industry avocado volumes slightly lower YoY; pricing expected ~15% higher YoY vs $1.14/lb.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Mission Produce, Inc. reported fiscal fourth quarter ended October 31, 2023 results: revenue $257.9 million, net income $4.0 million, EPS $0.06 per diluted share.

Period: fiscal fourth quarter ended October 31, 2023
Revenue: $257.9 million
Net income: $4.0 million
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

• Total revenue increased 8% to $257.9 million compared to the same period last year driven by a 8% increase in average per-unit avocado selling prices, partially offset by a 4% decrease in avocado volume sold • Net income of $4.0 million, or $0.06 per diluted share, compared to net loss of $(42.0) million, or $(0.59) per diluted share, for the same period last year, which included a non-cash charge of $49.5 million related to goodwill impairment

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Mission Produce, Inc. filing history →

Source: SEC EDGAR

accession 0001802974-23-000036

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