Mission Produce Q3 revenue up 24% to $324M; adjusted EBITDA up 49% to $31.5M

Mission Produce, Inc.

2024-Q3 EPS reported $0.27 revenue$880,300,000

Revenue $324M (+24% YoY); net income $12.4M ($0.17 diluted) vs $6.6M prior.
Adjusted net income $16.7M ($0.23 diluted); adjusted EBITDA $31.5M, up 49%.
Marketing & Distribution segment adjusted EBITDA +66% to $26.8M; International Farming sales down due to Peru harvest challenges but segment EBITDA $4.6M.
Operating cash flow for 9 months improved to $55.4M from $(7.3M) prior year; capex guidance $40-45M for FY2024.
Q4 outlook: avocado pricing seen ~15% higher than $1.39/lb prior year; own farm volumes slightly below Q3.

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