Highest-materiality recent filing
Del Monte Q2 EPS $0.44 vs $1.18 YoY; adjusted EPS $0.72; banana margins shrink
GAAP diluted EPS $0.44 (vs $1.18); adjusted EPS $0.72; net income $21.2M vs $56.8M.
Del Monte increases revolving credit facility by $150M to $900M, removes SOFR adjustment
Revolving commitments increased from $750M to $900M; L/C commitments also increased to $900M.
Michael J. Berthelot elected with 33.9M votes for, 9.3M against; Lori Tauber Marcus with 36.9M for, 6.3M against.
FDP Q1 GAAP EPS $0.21, adj. $0.63; Del Monte Foods acquisition contributes
Net sales $1,044.1M (-4.9% YoY); GAAP net income $10.0M vs $31.1M prior year.
Fresh Del Monte declares $0.30/share quarterly dividend payable June 11
Quarterly cash dividend of $0.30 per share declared by Board.
Fresh Del Monte completes $285M acquisition of Del Monte Foods' packaged foods business
Purchase price $285M plus assumed liabilities; funded via cash on hand and revolving credit facility.
Fresh Del Monte Q4 EPS $0.67 adj $0.70; FY adj EPS up 22%; dividend raised to $0.30
Q4 2025 diluted EPS $0.67 ($0.70 adj); FY diluted EPS $1.88 ($3.68 adj, +22% YoY).
Court-approved asset purchase of canned vegetables, tomato, refrigerated fruit and bubble tea businesses under Del Monte, S&W, Contadina, Joyba brands.
Fresh Del Monte selected successful bidder for Del Monte Foods assets for $285M
$285M purchase price plus liability assumption; court hearing Jan 28, closing in Q1 2026.
Fresh Del Monte promotes Mohammed Abbas to President and COO; base salary raised to $1M
Mohammed Abbas, 49, promoted from EVP/COO to President/COO effective Jan 1, 2026.
Fresh Del Monte reports Q3 net loss of $29.1M; divests Mann Packing, exits Philippine banana farms
Net loss $29.1M (diluted EPS -$0.61) vs net income $42.1M ($0.88) in prior year.
Net sales $1,182.5M (+4% YoY); gross profit $120.1M (+6%); gross margin 10.2% (up 30 bps).
Fresh Del Monte shareholders re-elect three directors, ratify auditor, approve say-on-pay
Elected Amir Abu-Ghazaleh (39.9M for), Mary Ann Cloyd (32.2M for), Charles Beard Jr. (38.9M for) to 3-year terms.
Fresh Del Monte Q1: gross profit +12% to $92.2M, EPS $0.64; dividend raised to $0.30
Revenue $1,098.4M (-1% YoY); gross profit $92.2M (+12%); diluted EPS $0.64 vs $0.55.
Fresh Del Monte Q4 net income $20.4M, EPS $0.42; authorizes $150M buyback, dividend to $0.30
Q4 net income $20.4M ($0.42 diluted EPS) vs net loss of $106.4M; adjusted operating income $17.1M.
Fresh Del Monte Q3: EPS $0.88 (vs $0.17); gross margin up 180bps to 9.2%; dividend raised to $0.25
Net income attributable to FDP $42.1M ($0.88 diluted EPS) vs $8.4M ($0.17) in prior year; adjusted net income $37.0M.
Fresh Del Monte SVP North American Sales retiring effective Aug 16, 2024
Jesus Rodriguez Calvo, SVP North American Sales, retires effective August 16, 2024.
Fresh Del Monte Q2 2024 net income up to $53.6M; debt falls to $285M; dividend raised to $0.25
Net sales $1,139.7M, down 3.5% YoY; gross margin 9.9% flat; net income $53.6M vs $47.7M, EPS $1.12.
Fresh Del Monte shareholders re-elect directors, ratify auditor, approve say-on-pay
Shareholders elected Mohammad Abu-Ghazaleh, Ahmad Abu-Ghazaleh, and Dr. Ajai Puri as directors for three-year terms expiring at 2027 AGM.
Fresh Del Monte Q1 2024: EPS $0.55 vs $0.81; fresh/value-added revenue up 5%
Net sales $1,107.9M (-1.8% YoY); net income attributable to FDP $26.1M (-33%) or $0.55 per diluted share.
Fresh Del Monte sets 2024 annual meeting for June 6, record date April 17
Annual meeting scheduled for June 6, 2024; record date for shareholders is April 17, 2024.
Q4 GAAP net loss $106.4M ($2.22 basic EPS) vs prior-year net income $18.3M; adjusted net income $11.8M.
Fresh Del Monte extends revolving credit facility maturity to 2029, reduces amount to $750M
Maturity extended to February 21, 2029; facility reduced from $900M to $750M.
Fresh Del Monte presents strategy to enhance shareholder value at ICR Conference
Company outlines long-term strategy: invest in organic growth, innovation, and value-added products.
Fresh Del Monte appoints Ajai Puri as independent Class III director, effective Feb 19, 2024
Dr. Puri will serve on the Audit and Governance Committees.
Fresh Del Monte Q3 net income $8.4M ($0.17 EPS) vs $33.3M; banana margin up 250 bps
Net sales Q3 $1,003.1M vs $1,053.5M; gross profit $74.4M vs $88.0M (incl. $8.4M Greece flood charge).
Fresh Del Monte director Kristin Colber-Baker resigns August 1, 2023 for health reasons
Director Kristin Colber-Baker resigned from the Board effective August 1, 2023 due to personal health reasons.
Fresh Del Monte Q2 net income doubles to $47.7M; gross profit up 45%
Net income attributable to FDP $47.7M vs $21.2M YoY; diluted EPS $0.99 vs $0.44.
Fresh Del Monte shareholders approve all proposals at virtual AGM
Michael J. Berthelot re-elected with 32.5M for, 11.5M against; Lori Tauber Marcus re-elected with 32.7M for, 11.2M against.
Fresh Del Monte Q1 GAAP EPS $0.81 vs $0.54; dividend raised to $0.20
GAAP net income $39.0M ($0.81 diluted EPS) vs $25.8M ($0.54); adjusted EPS flat at $0.55.
Fresh Del Monte announces retirement of SVP Shipping Operations Helmuth Lutty
Helmuth A. Lutty retired as Senior Vice President, Shipping Operations effective March 31, 2023.
Fresh Del Monte Q4 net income $18.3M vs loss; full-year EPS $2.06, up 23% YoY
Q4 net sales $1,040M (+2% YoY); gross profit $81.7M vs $39.8M; net income $18.3M vs loss of $11.2M.
Fresh Del Monte Q3 net income surges to $33.3M from $1.3M; revenue up 5%
Net sales $1.053.5B (+5% YoY); gross profit $88.0M vs $48.9M.
Fresh Del Monte Q2 net sales up 6% but net income halved; gross margin drops to 6.7%
Diluted EPS $0.44 vs $0.99; adjusted EPS $0.43 vs $0.98; net income $21.2M vs $47.2M.
Fresh Del Monte shareholders approve all proposals at 2022 annual meeting
44.9M shares (94% of outstanding) voted at the June 2, 2022 virtual annual meeting.
Fresh Del Monte Q1 net income down 40% to $25.8M; revenue up 5% to $1.14B
Net sales $1,136.9M (+5% YoY); gross profit $89.8M vs $105M; FDP net income $25.8M vs $42.7M.
Fresh Del Monte General Counsel & Secretary to resign effective April 8, 2022
Marlene Mitchell Gordon, SVP, Chief Administrative Officer, General Counsel & Secretary, resigns effective April 8, 2022.
Fresh Del Monte appoints Monica Vicente as CFO effective April 1, 2022
Monica Vicente, 56, promoted from VP Corporate Finance to SVP & CFO; will also serve as principal accounting officer.
Fresh Del Monte reports Q4 net loss $11.2M; full-year EPS up 63% to $1.68
Q4 net sales $1,017.3M (+2% YoY); full-year $4,252.0M (+1% YoY).
Fresh Del Monte CFO Eduardo Bezerra resigns, effective March 31, 2022
CFO Eduardo Bezerra resigns to pursue other interests; effective March 31, 2022.
Youssef Zakharia's employment as President and COO ends January 31, 2022.
Fresh Del Monte appoints Mohammed Abbas as EVP & COO effective Jan 14; Zakharia departs Jan 31
Youssef Zakharia leaves President and COO effective Jan 31, 2022.
Fresh Del Monte Q3 net income plunges to $1.3M from $17.4M; EPS $0.03 vs $0.37
Net sales up 2% to $1,004.8M; gross profit fell to $48.9M from $67.3M (margin 4.9% vs 6.8%).
Fresh Del Monte Q2 net income up 164% to $47.2M; EPS $0.99 vs $0.38; dividend raised to $0.15/share
Net sales increased 5% to $1,141.6M; gross profit up 40% to $110M; gross margin expanded 240 bps to 9.6%.
Effective August 16, 2024, Jesus Rodriguez Calvo, Senior Vice President, North American Sales of Fresh Del Monte Produce Inc. (the “Company”), will retire from the Company.
On December 4, 2023, Fresh Del Monte Produce Inc. (the “ Company ”) announced the appointment of Ajai Puri as a Class III director to the Company’s Board of Directors (the “ Board ”) for a term expiring at the 2024 Annual Meeting of Shareholders, effective February 19, 2024.
On August 1, 2023, Ms. Kristin Colber-Baker notified the Chairman and the Board of Directors (the “Board”) of Fresh Del Monte Produce Inc. (the “Company”) of her decision to resign from the Board effective August 1, 2023 due to personal health reasons and not as a result of any disagreement with the Company.
Effective March 31, 2023 , Helmuth A. Lutty retired and resigned his position as Senior Vice President, Shipping Operations with Fresh Del Monte Produce Inc.
On March 14, 2022, Ms. Marlene Mitchell Gordon, our Senior Vice President, Chief Administrative Officer, General Counsel & Secretary notified the Chief Executive Officer and the Board of Directors (the “Board”) of Fresh Del Monte Produce Inc. (the “Company”) that she will resign to pursue other personal and career interests, effective April 8, 2022.
On March 2, 2022, Fresh Del Monte Inc. (the “Company”) appointed Monica Vicente, 56, as the Company’s Senior Vice President and Chief Financial Officer effective April 1, 2022.
On February 16, 2022, Mr. Eduardo Bezerra, our Senior Vice President and Chief Financial Officer, notified the Chief Executive Officer and the Board of Directors (the “Board”) of Fresh Del Monte Produce Inc. (the “Company”) that he will resign to pursue other personal and career interests, effective March 31, 2022.
Mr. Youssef Zakharia would leave his position as President and Chief Operating Officer of Fresh Del Monte Produce Inc. (the “Company”) effective January 31, 2022.
On January 14, 2022, the Company announced that Mohammed Abbas, 46, is being appointed as the Company’s Executive Vice President and Chief Operating Officer and will relocate to Coral Gables to work at the Company’s headquarters.
On January 10, 2022, the Company provided notice that Mr. Youssef Zakharia would leave his position as President and Chief Operating Officer of Fresh Del Monte Produce Inc. (the “Company”) effective January 31, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings