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Calavo Growers reports Q4 adjusted EPS 5c vs. (2c) last year

Calavo Growers reports Q4 adjusted EPS 5c vs. (2c) last year

Reports Q4 revenue $170.0M, consensus $161.93M. In the Q1 the company concluded that the Fresh Cut business met the requirements to be classified as held for sale and discontinued operations. As a result, the financial results of that business are reported as discontinued operations in this press release. Prior to the decision to divest the Fresh Cut business, the Company’s Prepared reporting segment included the Fresh Cut business unit and the guacamole business. “We made good progress in 2024 improving our financial performance and executing our strategy,” said Lee Cole, President and CEO of Calavo Growers (CVGW). “Both our top and bottom-line results grew compared to 2023, with net sales increasing approximately 11%, net income from continuing operations increasing approximately 36%, and adjusted EBITDA increasing approximately 11%. Additionally, adjusted net income increased 41c per share from the prior year.”

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