Welcome to our dedicated page for Mission Produce news (Ticker: AVO), a resource for investors and traders seeking the latest updates and insights on Mission Produce stock.
Mission Produce, Inc. (NASDAQ: AVO) regularly issues news and updates that reflect its role in the global fresh produce industry, particularly in Hass avocados, mangos and blueberries. Company news often highlights financial performance, strategic initiatives and developments in its vertically integrated platform spanning growing, sourcing, packing, marketing and distribution.
Investors following AVO news can expect detailed earnings announcements each quarter, including discussions of revenue trends, avocado volumes, segment performance across Marketing & Distribution, International Farming and Blueberries, and non-GAAP metrics such as adjusted net income and adjusted EBITDA. These releases frequently explain how harvest conditions, pricing dynamics and sourcing from regions like Mexico and Peru influence results.
Mission Produce’s news flow also covers strategic and corporate actions. Recent communications include a definitive agreement to acquire Calavo Growers, Inc., described as a transaction intended to expand Mission’s North American avocado business, diversify its portfolio into additional fresh produce categories and represent an entry into the prepared food segment, subject to regulatory and shareholder approvals. Other announcements address leadership succession, with plans for the company’s President and Chief Operating Officer to become Chief Executive Officer and the co-founder transitioning to Executive Chairman, as well as board refreshment with new independent directors who bring experience in food, agriculture and consumer sectors.
Operational updates in Mission Produce news may discuss capital expenditure programs, packhouse construction in Guatemala, orchard development and the impact of harvest seasons on avocado and blueberry volumes. For readers tracking AVO, this news page provides a centralized view of the company’s financial disclosures, governance changes and strategic moves within the global fresh produce market.
Mission Produce (NASDAQ: AVO), a leading global supplier of fresh Hass avocados, has scheduled the release of its fiscal second quarter 2025 financial results for Thursday, June 5, 2025, after market close. The company will host a conference call and webcast at 5:00 PM Eastern Time the same day to discuss the results.
Investors can access the conference call by dialing (877) 407-9039 domestically or (201) 689-8470 internationally. A replay will be available until June 19, 2025. The webcast will be accessible through the company's Investor Relations website.
Mission Produce (NASDAQ: AVO), a leading distributor of fresh Hass avocados, mangos, and blueberries, has appointed Michael Bryan Sims as an independent Class I director to its board, effective May 5, 2025. Sims will serve on the audit committee with a term expiring at the Company's 2028 Annual Meeting of Stockholders, expanding the board from eight to nine directors.
Sims brings over 40 years of experience in food, agriculture, and consumer industries, most recently serving as EVP and CFO of TruGreen. His previous roles include senior leadership positions at AdvancePierre Foods and Chiquita Brands International. He currently serves on the boards of The Hain Celestial Group and Winland Foods as a board member and audit committee chair.
Mission Produce (NASDAQ: AVO) has inaugurated a new state-of-the-art packinghouse in Guatemala, expanding its global avocado sourcing network. The facility, set to launch in August 2025, features advanced quality assurance and food safety technology, including automated grading and temperature management systems.
The inauguration ceremony was attended by Guatemala's President Bernardo Arévalo and U.S. Ambassador Tobin Bradley. In 2024, Guatemala's avocado exports generated over Q120,761,773 (USD$15.5 million) and supported more than 6,000 jobs.
Mission Produce established its presence in Guatemala in 2020 with the Cerro Redondo avocado farm lease. By fiscal 2024, the Company had planted 728 hectares, with plans to reach 1,000 hectares and full production by 2026. Guatemala's strategic importance lies in its two annual crops, which help bridge supply gaps throughout the year.
Mission Produce (NASDAQ: AVO) reported strong fiscal Q1 2025 results with record revenue of $334.2 million, up 29% year-over-year. The growth was driven by a 25% increase in avocado selling prices and 5% higher volumes in the Marketing & Distribution segment.
Key financial metrics include net income of $3.9 million ($0.05 per diluted share), adjusted net income of $7.1 million ($0.10 per diluted share), and adjusted EBITDA of $17.7 million, down 8% from last year. The Blueberries segment saw a 70% volume increase but faced a 33% price decrease.
The company's gross profit increased to $31.5 million, though gross profit percentage decreased 170 basis points to 9.4%. Operating cash flow was negative $1.2 million, with capital expenditures of $14.8 million focused on orchard development and facility construction.
Mission Produce (NASDAQ: AVO), a leading global supplier of fresh Hass avocados, has announced the upcoming release of its fiscal first quarter 2025 financial results. The results, covering the period ended January 31, 2025, will be released after market close on Monday, March 10, 2025.
The company will host a conference call and webcast at 5:00 PM Eastern Time on the same day to discuss the results. Investors can access the call via phone or listen to the live audio webcast through Mission Produce's Investor Relations website. A replay will be available through March 24, 2025.
Mission Produce (NASDAQ: AVO), a global leader in fresh Hass avocados, has announced its participation in the 2025 ICR Conference in Orlando, FL. CEO Steve Barnard and CFO Bryan Giles will conduct a fireside chat on Monday, January 13th at 2:00 pm ET.
The event will be accessible to all interested parties through a live audio webcast on the company's Investor Relations website. This presentation represents an opportunity for stakeholders to gain insights into Mission Produce's operations and strategy as a world leader in sourcing, producing, and distributing fresh Hass avocados.
Mission Produce (AVO) reported strong fiscal Q4 2024 results with total revenue increasing 37% to $354.4 million. Net income reached $17.3 million ($0.24 per diluted share), up from $4.0 million in the same period last year. For the full year 2024, revenue grew 29% to $1.23 billion.
The company's performance was driven by higher average per-unit avocado sales prices, which increased 36% amid constrained supply conditions. The Marketing & Distribution segment showed particular strength, while the Blueberries segment saw a 62% revenue increase. Operating cash flow improved significantly, increasing by $64.2 million versus fiscal 2023 to $93.4 million.
For Q1 2025, AVO expects industry volumes to remain consistent with the prior year, with pricing approximately 20% higher than the $1.40 per pound average in Q1 2024.
Mission Produce (Nasdaq: AVO), a leading global supplier of fresh Hass avocados, mangos, and blueberries, has announced its plans to release fiscal fourth quarter 2024 financial results on December 19, 2024, after market close. The company will host a conference call and webcast at 5:00 PM Eastern Time to discuss the results.
Investors can access the conference call by dialing (877) 407-9039 (domestic) or (201) 689-8470 (international). A replay will be available through January 2, 2025. The webcast will be accessible through the company's Investor Relations website.
Mission Produce (NASDAQ: AVO), a leading global supplier of fresh Hass avocados, mangos, and blueberries, has announced its participation in the Stephens Annual Investment Conference in Nashville. Steve Barnard, Founder and CEO, and Bryan Giles, CFO, will conduct a fireside chat on Tuesday, November 19th at 9:00 am CT. The event will be accessible to all interested parties through a live audio webcast on the company's Investor Relations website.
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