CVGW
Calavo Growers, Inc.21.82
+0.31+1.44%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
389.56MP/E (TTM)
29.09Basic EPS (TTM)
0.75Dividend Yield
0.04%Recent Filings
10-Q
Q1 FY2026 results
Calavo's Q1 FY2026 net sales fell 21% y/y to $122.2M, driven by 23% lower avocado sales from 35% price drop despite 17% volume gain, while Prepared jumped 20% on volumes; gross profit held steady at $15.2M (12.4% margin, up from 10.2%). SG&A surged to $16.4M on $4.9M merger costs with Mission Produce (signed Jan 2026) and $1.8M stock comp, flipping operating income to a $1.4M loss—but FX gains flipped the script to $0.04 diluted EPS. Cash dipped to $47.7M after $8.7M operating outflow; $32.1M revolver available, no debt drawn. Mexico tax disputes linger.
8-K
Q1 sales down, merger on track
Calavo reported Q1 net sales of $122.2M, down from $154.4M, with net income at $0.7M versus $4.4M last year; Fresh sales dropped 25% on 35% lower avocado prices despite 17% volume gains, while Prepared surged 20% on 21% higher pounds sold. SG&A spiked to $16.4M from $7.2M M&A costs tied to the Mission Produce merger, targeted for Q3 2026 close pending approvals. Merger advances despite pressures.
8-K
Calavo-Mission merger announced
Calavo announced FY2025 results with net sales at $648.4M, net income from continuing operations up 192% to $20.0M, and adjusted EBITDA up 12% to $40.8M despite fresh segment pressures. Mission Produce agreed to acquire Calavo for $27.00 per share ($14.85 cash plus 0.9790 Mission shares), creating a vertically integrated avocado platform with $25M expected cost synergies. Deal awaits approvals, targets August 2026 close.
8-K
Calavo merges with Mission
Calavo signed a merger agreement on January 14, 2026, with Mission Produce, converting each Calavo share into 0.9790 Mission shares and $14.85 cash. The deal, pending shareholder and antitrust approvals by July 14, 2026 (extendable), adds Calavo's guacamole platform while risks antitrust hurdles. One board seat goes to Calavo.
10-K
FY2025 results
Calavo's FY2025 net sales dipped 2% to $648M, with Fresh down 4% on 8% lower avocado volume and 35% tomato plunge from crop shortfalls and 17% antidumping duties, yet Prepared surged 12% on 11% volume gains and 24% gross margins. Q4 momentum faltered as FDA detention holds cost $5.1M in avocado handling, squeezing Fresh profitability despite 9% higher carton prices; tomatoes stayed soft. Prepared margins expanded on lower fruit costs and efficiencies. Cash swelled to $61M post-Fresh Cut divestiture, funding $14M dividends at $0.20/share quarterly. Mexican IVA receivables hit $56M.
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