Calavo Growers Q2 2024 Earnings Report
Key Takeaways
Calavo Growers reported a 16.5% increase in total net sales, reaching $184.4 million. The company's net income from continuing operations was $6.5 million, or $0.36 per diluted share, compared to $1.4 million, or $0.08 per diluted share, for the same period last year. Adjusted EBITDA increased to $13.4 million compared to $9.9 million in the prior year quarter.
Total net sales increased by 16.5% to $184.4 million.
Grown segment net sales increased 18.9% to $166.8 million.
Net income from continuing operations was $6.5 million, or $0.36 per diluted share.
Adjusted EBITDA increased to $13.4 million.
Calavo Growers
Calavo Growers
Calavo Growers Revenue by Segment
Forward Guidance
The third quarter is off to a great start and the company expects strong results as they remain focused on maximizing value in their core businesses.
Positive Outlook
- Company expects strong results in Q3.
- Focus on maximizing value in core businesses.
- Improved prices in core avocado business.
- Improved margins in core avocado business.
- Improved performance in tomato portfolio.
Revenue & Expenses
Visualization of income flow from segment revenue to net income