Calavo Growers - CVGW STOCK NEWS

Calavo Growers (CVGW) has announced a $25 million stock repurchase program authorized by its Board of Directors. The program, effective until March 18, 2027, demonstrates the company's confidence in its long-term strategy and financial position.

The repurchases can be executed through open-market transactions, privately negotiated deals, or Rule 10b5-1 trading plans. The timing, volume, and pricing will be determined by management based on market conditions, financial position, regulatory requirements, and strategic considerations.

According to CEO Lee Cole, the program reflects their commitment to shareholder value while maintaining flexibility for strategic growth initiatives and operational improvements, supported by their strong balance sheet and expected cash flow generation.

Calavo Growers (NASDAQ: CVGW) reported strong Q1 2025 financial results with total net sales of $154.4 million, up 21.0% year-over-year. The Fresh segment saw a 23.7% increase in sales, while Prepared segment remained flat.

Key highlights include:

• Gross profit increased 46.2% to $15.7 million
• Net income of $4.4 million ($0.25 per share) vs. net loss of $2.6 million year-over-year
• Adjusted EBITDA tripled to $9.3 million
• SG&A expenses decreased 23.6% to $10.3 million

The Fresh segment benefited from a 30.5% increase in average avocado prices, despite a 4.6% volume decline. The company declared a quarterly dividend of $0.20 per share and ended Q1 with $48.5 million in cash and $96.7 million in available liquidity.

Calavo Growers (NASDAQ: CVGW), a global leader in processing and distributing avocados, tomatoes, papayas, and guacamole, has announced plans to release its fiscal first quarter 2025 financial results. The results, covering the period ended January 31, 2025, will be released after market close on Wednesday, March 12, 2025.

Calavo Growers (Nasdaq-GS: CVGW) announced that its Board of Directors has elected Farha Aslam as its new Chair, effective immediately. Aslam, who is Managing Partner at Crescent House Capital, brings extensive experience in finance and agriculture sectors, having worked in the finance industry since 1996.

Steven Hollister, the outgoing Chair who has served on the Board since 2008, will remain as a Director. Aslam's background includes roles as Managing Director at Stephens Inc., where she led the Food and Agribusiness equity research team, and positions at Merrill Lynch and UBS.

The new Chair emphasized Calavo's strong position in the avocado industry, highlighting the company's relationships with growers and customers, assets, solid balance sheet, and committed team as key factors for future growth.

Calavo Growers (NASDAQ: CVGW) reported its fiscal Q4 and full-year 2024 results, showing significant growth in its continuing operations following the divestiture of its Fresh Cut business in August 2024. Full-year total net sales increased 11.4% to $661.5 million, with the Grown segment up 13.3% to $597.6 million, while the Prepared segment decreased 4.2% to $63.9 million.

For Q4 2024, total net sales rose 19.5% to $170.0 million, though the company reported a net loss from continuing operations of $2.5 million, or $(0.14) per share. The Grown segment showed strong performance with a 23.4% increase in net sales, while the Prepared segment experienced a 9.4% decrease.

The company ended the year with $57.0 million in cash and $108.8 million in available liquidity, with minimal debt of $5.1 million. Management expects double-digit growth in avocado and guacamole sales volumes for fiscal 2025, focusing on operational optimization and organic growth opportunities.

Calavo Growers (CVGW), a global leader in processing and distributing avocados, tomatoes, papayas, and guacamole, has announced a quarterly cash dividend of $0.20 per share. The dividend will be paid on January 31, 2025, to shareholders of record as of the close of business on January 10, 2025.

Calavo Growers (CVGW), a global leader in processing and distributing avocados, tomatoes, papayas, and guacamole, has scheduled the release of its fourth quarter and fiscal year 2024 financial results. The announcement will take place after market close on January 14, 2025. The company will also file its Form 10-K for fiscal year 2024 at that time, utilizing its status as an 'accelerated filer' which allows up to 75 days post fiscal year-end for filing.

Calavo Growers (Nasdaq-GS: CVGW) announced leadership changes in its financial department. James Snyder will become the new Chief Financial Officer effective December 2, replacing Shawn Munsell who is departing on November 29 for a new opportunity. Munsell will serve as a consultant through December to ensure a smooth transition. Snyder, who previously served as Corporate Controller and Chief Accounting Officer at Calavo for 18 years, returns to the company after roles at Gem-Pack Berries and Nano Banc. He began his career with Deloitte, spending seven years in audit functions.

Calavo Growers, Inc. (CVGW) reported its Q3 2024 financial results, showing a 11.7% increase in total net sales to $179.6 million. The Grown segment saw a 13.3% rise in net sales to $163.2 million, while the Prepared segment experienced a 2.4% decrease to $16.4 million. Despite this growth, total gross profit decreased by 8.7% to $20.1 million. The company reported net income of $5.4 million, or $0.30 per diluted share, compared to $8.7 million, or $0.48 per diluted share, in the prior year quarter. Adjusted net income was $10.2 million, or $0.57 per diluted share. Notably, Calavo increased its quarterly dividend by $0.10 to $0.20 per share.