secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001802974-24-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297424000031/0001802974-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297424000031/avo-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001802974-24-000031

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