Calavo Growers - CVGW STOCK NEWS

Calavo Growers, Inc. (CVGW) reported Q1 2021 earnings with total revenue of $220.6 million, a 19% decline from the previous year. Despite a 2% increase in avocado volumes, lower average prices due to robust supply from Mexico negatively impacted revenue. Gross profit improved to $17.8 million (8.1% of revenue) from $15.8 million (5.8%). Net income rose to $5.3 million ($0.30/share), recovering from a net loss last year. The company also renewed its credit facility, securing $100 million in total liquidity.

Calavo Growers, a leader in the avocado and fresh food industries, announced participation in two virtual conferences this March 2021. CEO Jim Gibson and CFO Kevin Manion will represent the company at the D.A. Davidson 4th Annual Consumer Growth Conference on March 11 and the 33rd Annual Roth Conference on March 16. During these events, management will also offer one-on-one and small group meetings to discuss company initiatives and growth prospects. Founded in 1924, Calavo specializes in fresh avocados and value-added food products.

Calavo Growers (CVGW), a leader in the avocado and fresh food industries, will release its financial results for the first quarter ended January 31, 2021, on March 10, 2021. The announcement follows a trend of transparency with investors. A conference call to discuss the results will be held at 5:00 PM ET, with a live audio webcast available on the company's investor relations website. Calavo specializes in fresh produce, including avocados, tomatoes, and prepared foods, showcasing a strong portfolio under various brand names.

Calavo Growers, Inc. (CVGW) announced that Lecil E. Cole will step down from its Board of Directors effective March 1, 2021. Cole has been with the company since 1982 and served as Chairman and CEO, leading significant growth and establishing Calavo as a $1 billion enterprise. His leadership was pivotal in navigating the evolving avocado market. The Board will now consist of 11 directors, with a majority qualifying as independent under Nasdaq standards. The company continues to focus on its fresh food segments, including avocados and other fresh produce.

Calavo Growers, Inc. (CVGW), a leader in the avocado and fresh food industries, will participate in the virtual 2021 ICR Conference. CEO Jim Gibson and CFO Kevin Manion are set for a fireside chat on January 12 at 1:30 PM ET, with additional meetings for institutional investors on January 11 and 12. A live broadcast and an archived replay will be available on the Investor Relations section of the company’s website. Established in 1924, Calavo markets fresh avocados and produces guacamole, salsa, and other healthy foods.

Calavo Growers reported Q4 2020 revenue of $234.4 million, a 20% decrease year-over-year, attributed to a 22% drop in avocado prices despite a 3% increase in avocado volume. Gross profit for the quarter was $21.2 million, representing 9.0% of revenue. Net income rose to $6.2 million or $0.35 per diluted share, compared to $5.2 million last year. For fiscal year 2020, total revenue fell by 11% to $1.1 billion with a net loss of $13.6 million. The company declared a dividend increase of 4.5%, reflecting ongoing financial challenges amid the pandemic.

Calavo Growers, Inc. (CVGW), a leader in the avocado industry, will release its financial results for the fourth quarter ended October 31, 2020, on December 21, 2020, after market close. The company will hold a conference call at 5:00 p.m. ET to discuss the results. Investors can access the live and archived webcast on the investor relations website. Calavo offers a range of fresh food products, including avocados and prepared foods, under its well-known brands. Founded in 1924, the company serves various sectors, including retail and foodservice.

Calavo Growers, a leader in the avocado industry, announced participation in two upcoming virtual conferences in November 2020. CEO Jim Gibson and CFO Kevin Manion will present at the Jefferies West Coast Consumer Conference on November 17 at 12:20 pm ET and the Stephens Annual Investment Conference on November 18 at 11:00 am ET. Both sessions will feature a fireside chat, followed by virtual one-on-one meetings. Live broadcasts will be available on the company's website for those unable to attend.

Calavo Growers, Inc. (CVGW) has declared an annual cash dividend of $1.15 per share, to be paid on December 4, 2020, to shareholders of record by November 13, 2020. This marks the ninth consecutive increase in dividends, reflecting a 4.5% rise, showcasing the board's confidence in the company's long-term growth despite challenges posed by COVID-19. Calavo has consistently paid annual dividends since going public in 2002, increasing the total by 475% over that period.