Calavo Growers, Inc. Announces $25 Million Stock Repurchase Program
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 (CVGW) ha annunciato un programma di riacquisto di azioni da 25 milioni di dollari autorizzato dal suo Consiglio di Amministrazione. Il programma, valido fino al 18 marzo 2027, dimostra la fiducia dell'azienda nella sua strategia a lungo termine e nella sua posizione finanziaria.
I riacquisti possono essere eseguiti tramite transazioni sul mercato aperto, accordi negoziati privatamente o piani di trading secondo la Regola 10b5-1. Il momento, il volume e il prezzo saranno determinati dalla direzione in base alle condizioni di mercato, alla posizione finanziaria, ai requisiti normativi e alle considerazioni strategiche.
Secondo il CEO Lee Cole, il programma riflette il loro impegno verso il valore per gli azionisti, mantenendo al contempo flessibilità per iniziative di crescita strategica e miglioramenti operativi, supportati dalla loro solida situazione patrimoniale e dalla generazione di flussi di cassa prevista.
Calavo Growers (CVGW) ha anunciado un programa de recompra de acciones de 25 millones de dólares autorizado por su Junta Directiva. El programa, válido hasta el 18 de marzo de 2027, demuestra la confianza de la empresa en su estrategia a largo plazo y su posición financiera.
Las recompras pueden realizarse a través de transacciones en el mercado abierto, acuerdos negociados de forma privada o planes de negociación según la Regla 10b5-1. El momento, el volumen y el precio serán determinados por la dirección en función de las condiciones del mercado, la posición financiera, los requisitos regulatorios y las consideraciones estratégicas.
Según el CEO Lee Cole, el programa refleja su compromiso con el valor para los accionistas, manteniendo al mismo tiempo flexibilidad para iniciativas de crecimiento estratégico y mejoras operativas, respaldadas por su sólida situación financiera y la generación de flujo de caja esperada.
Calavo Growers (CVGW)는 이사회에 의해 승인된 2,500만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 2027년 3월 18일까지 유효하며, 회사의 장기 전략과 재무 상태에 대한 자신감을 보여줍니다.
주식 매입은 주식 시장 거래, 비공식 협상 거래 또는 Rule 10b5-1 거래 계획을 통해 실행될 수 있습니다. 시기, 규모 및 가격은 시장 상황, 재무 상태, 규제 요건 및 전략적 고려 사항에 따라 경영진에 의해 결정됩니다.
CEO 리 콜에 따르면, 이 프로그램은 주주 가치를 위한 헌신을 반영하며, 전략적 성장 이니셔티브와 운영 개선을 위한 유연성을 유지하고, 강력한 재무 상태와 예상되는 현금 흐름 생성을 지원합니다.
Calavo Growers (CVGW) a annoncé un programme de rachat d'actions de 25 millions de dollars approuvé par son conseil d'administration. Le programme, valable jusqu'au 18 mars 2027, démontre la confiance de l'entreprise dans sa stratégie à long terme et sa position financière.
Les rachats peuvent être effectués par le biais de transactions sur le marché libre, d'accords négociés en privé ou de plans de trading selon la règle 10b5-1. Le moment, le volume et le prix seront déterminés par la direction en fonction des conditions du marché, de la position financière, des exigences réglementaires et des considérations stratégiques.
Selon le PDG Lee Cole, le programme reflète leur engagement envers la valeur pour les actionnaires tout en maintenant la flexibilité pour des initiatives de croissance stratégique et des améliorations opérationnelles, soutenues par leur solide bilan et la génération de flux de trésorerie prévue.
Calavo Growers (CVGW) hat ein von seinem Vorstand genehmigtes Aktienrückkaufprogramm über 25 Millionen Dollar angekündigt. Das Programm, das bis zum 18. März 2027 gültig ist, zeigt das Vertrauen des Unternehmens in seine langfristige Strategie und finanzielle Lage.
Die Rückkäufe können durch Transaktionen am offenen Markt, privat ausgehandelte Geschäfte oder Regel 10b5-1 Handelspläne durchgeführt werden. Der Zeitpunkt, das Volumen und die Preisgestaltung werden von der Geschäftsführung basierend auf den Marktbedingungen, der finanziellen Lage, den regulatorischen Anforderungen und strategischen Überlegungen festgelegt.
Laut CEO Lee Cole spiegelt das Programm ihr Engagement für den Aktionärswert wider und ermöglicht gleichzeitig Flexibilität für strategische Wachstumsinitiativen und operative Verbesserungen, unterstützt durch ihre starke Bilanz und die erwartete Generierung von Cashflow.
- Authorization of $25 million stock repurchase program indicates financial strength
- Strong balance sheet and robust liquidity position
- Expected positive cash flow generation
- Program demonstrates confidence in long-term strategy
- Buyback reduces cash available for strategic investments
- Program size relatively modest compared to market cap
Strong Balance Sheet and Robust Liquidity Position Company for Buybacks to Enhance Shareholder Value
SANTA PAULA, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado industry and provider of value-added fresh food (the “Company” or “Calavo”), today announced that its Board of Directors has authorized a share repurchase program of up to
“This repurchase program underscores our confidence in our long-term strategy, financial position, and ability to drive shareholder value,” said Lee Cole, President and CEO of Calavo. “Together with our strong balance sheet, expected cash flow generation, and robust liquidity position, this repurchase program demonstrates our commitment to our shareholders while maintaining our flexibility to invest in strategic growth initiatives and operational improvements.”
The Company is authorized to repurchase up to
About Calavo Growers, Inc.
Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole. Founded in 1924, Calavo operates a vertically integrated business model, serving retail grocery, foodservice, club stores, and food distributors worldwide. Headquartered in Santa Paula, California, Calavo maintains operations throughout the U.S. and Mexico. Learn more at www.calavo.com.
Forward-Looking Statements
This press release contains forward-looking statements, including expectations regarding stock repurchases, financial performance, and future business strategies. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to Calavo’s most recent Form 10-K and Form 10-Q filings with the Securities and Exchange Commission for a discussion of these risks.
Investor Contact
Julie Kegley, Senior Vice President
Financial Profiles, Inc.
calavo@finprofiles.com
310-622-8246
FAQ
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