Calavo Growers Inc. reported their financial results for the third quarter of fiscal 2025. The company experienced an 8% decrease in cartons sold within the Fresh segment, attributed to declines in both avocado and tomato carton sales. In contrast, the Prepared segment showed a gross profit increase to $5.8 million, marking a 201% rise from the prior year, primarily due to improved operational efficiency and stronger cost management. Selling, general, and administrative (SG&A) expenses were reduced by 12% from the prior-year quarter, totaling $9.2 million. This decrease was mainly due to reduced professional and consulting fees, including lower legal expenses related to the FCPA investigation, although partially offset by increased bonus expenses. Net income from continuing operations attributable to Calavo Growers, Inc. was $4.7 million, or $0.26 per diluted share, down from $5.4 million, or $0.30 per diluted share, in the same quarter last year. The adjusted net income was reported at $10.2 million, or $0.57 per diluted share, compared to $10.0 million, or $0.56 per diluted share, in the prior year quarter. Adjusted EBITDA increased to $15.1 million, up from $12.9 million in the previous year quarter. For the nine-month period ended July 31, 2025, the Fresh segment gross profit decreased by 6% to $38.6 million, whereas the Prepared segment gross profit rose by 27% to $13.4 million. SG&A expenses for this period were $29.8 million, reflecting a 19% decline from the prior year period. Net income from continuing operations was $16.1 million, or $0.89 per diluted share, compared to $9.3 million, or $0.52 per diluted share, in the previous year period. Adjusted net income climbed to $23.8 million, or $1.33 per diluted share, from $19.2 million, or $1.08 per diluted share, in the prior year period. Adjusted EBITDA increased to $35.7 million, up from $29.9 million in the prior year period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calavo Growers Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-012019), on September 11, 2025, and is solely responsible for the information contained therein.
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