secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001802974-24-000037
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 Q3 revenue up 24% to $324M; adjusted EBITDA up 49% to $31.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297424000037/0001802974-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297424000037/avo-20240909.htm
  HTML page:      https://secwatch.observer/filing/0001802974-24-000037

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