Mission Produce reports Q2 record adjusted EBITDA of $20.2M; revenue up 35% to $297.6M

Mission Produce, Inc.

2024-Q2 EPS reported $0.10 revenue$556,300,000

Net income of $7.0M ($0.10 diluted EPS) vs net loss of $4.6M ($0.07 loss) in prior-year Q2.
Adjusted EBITDA of $20.2M, up 166% YoY from $7.6M; adjusted EPS $0.14 vs $0.01 prior year.
Avocado per-unit price +22%, volume +8%; Marketing & Distribution segment EBITDA +$13.1M to $21.7M.
International Farming segment sales fell to $1.4M from $6.0M; per-unit margins improved overall.
Outlook: Peruvian yields >50% lower due to El Niño; Q3 avocado pricing expected +15% YoY; CapEx $40-45M.

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