Welcome to our dedicated page for Fresh Del Monte Produce news (Ticker: FDP), a resource for investors and traders seeking the latest updates and insights on Fresh Del Monte Produce stock.
Fresh Del Monte Produce Inc (NYSE: FDP) maintains its position as a vertically integrated leader in fresh and prepared foods through strategic operational updates and market-responsive initiatives. This dedicated news hub provides investors and industry observers with direct access to official announcements, including earnings disclosures, supply chain developments, and product innovation milestones.
Users will find curated updates spanning three key areas: financial performance through quarterly results and SEC filings, operational advancements in global distribution and vertical integration, and market leadership initiatives including sustainable agriculture practices and fresh-cut product innovations. The repository serves as a primary source for understanding the company's strategic direction within the $1.3 trillion global fresh produce market.
Bookmark this page for real-time access to Fresh Del Monte Produce's verified corporate communications, including merger disclosures, leadership updates, and quality assurance enhancements across its North American, European, and Asian operations.
Fresh Del Monte Produce Inc. (NYSE: FDP) will announce its second quarter 2021 financial results before the market opens on August 4, 2021. A conference call will follow at 10:00 a.m. Eastern Time, hosted by CEO Mohammad Abu-Ghazaleh and CFO Eduardo Bezerra. Investors can participate via phone or by visiting the company's Investor Relations page. Fresh Del Monte is a leading producer and distributor of fresh produce and prepared foods worldwide, marketing under the DEL MONTE® brand and others.
Fresh Del Monte Produce has partnered with I Squared Capital to invest in the I Squared Global InfraTech Fund, focusing on innovative technology in infrastructure. This initiative aims to enhance digital capabilities, improve supply chain efficiency, and support growth-stage companies in logistics and agriculture. CEO Mohammad Abu-Ghazaleh highlighted that this partnership will accelerate the company's transformation into a digital-forward entity. The collaboration is expected to drive efficiency and business expansion by addressing supply chain bottlenecks.
Fresh Del Monte Produce announced the election of Lori Tauber Marcus and Kristin Colber-Baker to its Board of Directors, enhancing its commitment to diversity and inclusion. With these additions, women represent 38% of the board, significantly higher than the Russell 3000 Index average of 23%. Both members bring extensive expertise: Marcus in marketing and consumer trends, and Colber-Baker in global finance and diversity. This strategic move aims to strengthen the company's long-term vision as a leading global supplier.
Fresh Del Monte Produce (NYSE: FDP) reported a strong first quarter for 2021, achieving a 53% increase in gross profit to $105.0 million. Net income surged 228% to $42.7 million, with diluted EPS rising to $0.90. Despite a $29.7 million decline in net sales attributed to COVID-19 impacts and hurricane-related supply issues, adjusted EBITDA increased 61% to $82.3 million. The company also reduced total debt to $534.3 million and declared a quarterly cash dividend of $0.10 per share.
Fresh Del Monte Produce Inc. (NYSE: FDP) will release its first quarter 2021 results before the market opens on May 5, 2021. The quarterly conference call will take place that same day at 10:00 a.m. ET, led by CEO Mohammad Abu-Ghazaleh, CFO Eduardo Bezerra, and Investor Relations VP Christine Cannella. Participants can join via the Investor Relations page on the Fresh Del Monte website or through designated phone lines. An audio replay will be accessible on their website two hours post-call for one year.
Fresh Del Monte Produce reported its financial results for Q4 and full year 2020. Earnings per diluted share for 2020 were $1.03, down from $1.37 in 2019. The company’s adjusted EPS rose to $1.15 from $1.12 year-over-year. Q4 saw earnings of $0.02 per share, recovering from a loss of $0.54 in 2019. Annual net sales dropped to $4.2 billion, largely due to a $303.6 million impact from the COVID-19 pandemic. Despite challenges, Fresh Del Monte declared a $0.10 dividend and highlighted its strategic focus on value-added products to enhance performance in 2021.
Fresh Del Monte Produce Inc. (NYSE: FDP) will announce its fourth quarter and full year 2020 results on February 24, 2021, prior to market opening. The company will host a conference call at 10:00 a.m. ET the same day to discuss these financial results. Key executives, including Chairman and CEO Mohammad Abu-Ghazaleh and CFO Eduardo Bezerra, will lead the call. Interested parties can access the call via Fresh Del Monte's Investor Relations page. An audio replay will be available for one year following the event.
Mann Packing Co., a subsidiary of Del Monte Fresh Produce, has opened a new state-of-the-art facility in Gonzales, California. This 130,000-square-foot facility enhances production capabilities with full automation, focusing on food safety and quality. The facility features a full cold chain, advanced environmental monitoring, and a wind turbine for sustainable processing. It will produce a variety of products, including fresh-cut fruit and gourmet vegetables. Mann Packing’s commitment to quality and customer service remains strong as it continues to innovate in the produce sector.
Fresh Del Monte Produce has joined the Science Based Targets initiative (SBTi), committing to reduce its carbon footprint to combat climate change. As the first global marketer of fruits and vegetables to join SBTi, the company aims to align its goals with the Paris Agreement to limit global warming to below 2 °C. Fresh Del Monte has made strides in sustainability, including having its largest banana operation certified as Carbon Neutral since 2015. Additionally, it has invested in fuel-efficient vessels expected to reduce Scope 1 CO2e emissions by 10% by 2025.
