<div><div></div><div>Calavo Growers, Inc., a global leader in sourcing, packing, and distribution of fresh avocados, tomatoes, papayas, and processing of guacamole and other avocado products, has released its financial results for the fourth fiscal quarter and the twelve-month period ended October 31, 2025. The company also announced a strategic combination with Mission Produce, Inc. Financial Highlights For the fourth quarter of 2025, Calavo reported a decrease in total net sales to $124.7 million from $170.0 million in the prior year period. Gross profit was $11.6 million, impacted by $1.0 million of non-recurring costs, compared to $16.3 million. Selling, general, and administrative (SG&amp;A) expenses decreased by 6% to $12.3 million. Net income from continuing operations was $3.8 million, compared to a loss of $(2.5) million in the prior year period. Adjusted net income from continuing operations increased by 301% to $4.5 million, or $0.25 per diluted share, compared to $1.1 million, or $0.06 per diluted share. Adjusted EBITDA from continuing operations decreased by 24% to $5.0 million, compared to $6.6 million.For the fiscal year 2025, total net sales decreased to $648.4 million from $661.5 million. Gross profit was $63.7 million, including $6.1 million of non-recurring costs, compared to $67.8 million. SG&amp;A expenses decreased by 16% to $42.1 million. Net income from continuing operations increased by 192% to $20.0 million, compared to $6.8 million. Adjusted net income from continuing operations increased by 42% to $28.9 million, or $1.62 per diluted share, compared to $20.4 million, or $1.14 per diluted share. Adjusted EBITDA from continuing operations increased by 12% to $40.8 million, compared to $36.5 million. Business and Operational Highlights In the fourth quarter, Fresh segment sales were $106.3 million, a 31% decrease from the prior year quarter, primarily due to declines in avocado pricing and volume. Prepared segment sales were $18.4 million, a 20% increase from the prior year quarter, driven by new customers, increased volume to existing customers, and new product launches.For the fiscal year, Fresh segment sales were $576.5 million, down 4% from the prior year, while Prepared segment sales were $71.9 million, up 12%. The Prepared segment's improvement was attributed to higher volumes, expanded programs with key customers, and meaningful customer wins across retail and foodservice channels. Strategic Initiatives and Corporate Developments Calavo announced a strategic combination with Mission Produce, Inc. Under the terms of the Merger Agreement, Mission will acquire Calavo in a cash and stock transaction. Calavo’s shareholders will receive $27.00 per share, comprised of $14.85 in cash and 0.9790 shares of Mission for each share of Calavo’s common stock. The transaction is expected to close by the end of August 2026, subject to customary closing conditions, including regulatory approvals and shareholder approvals. Management's Perspective B. John Lindeman, President and CEO of Calavo Growers, expressed pride in the company's performance despite several challenges in fiscal year 2025, including a temporary facility shutdown, an FDA detention hold on certain avocado imports, and a concluded Foreign Corrupt Practices Act investigation. Lindeman highlighted the company's disciplined execution across sourcing, operations, and cost management, which enabled them to deliver an adjusted EBITDA of $40.8 million, up nearly 12% year over year, and adjusted net income of $28.9 million, up 42%. Future Outlook Looking ahead to the first quarter of fiscal 2026, Calavo expects higher avocado sales volumes, lower average selling prices, and lower per unit profit in the Fresh segment. The Prepared segment is expected to see volume-driven sales growth and higher gross profit. However, the company anticipates lower adjusted EBITDA due to pricing dynamics in the Fresh segment.Original SEC Filing: CALAVO GROWERS INC [ CVGW ] - 8-K - Jan. 20, 2026<section>Disclaimer<div>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</div></section></div></div>

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Calavo Growers, Inc. reported its financial results for Q4 and FY 2025, showing a decrease in net sales to $124.7 million from $170.0 million. Despite challenges, net income from continuing operations rose to $3.8 million. The company announced a strategic merger with Mission Produce, where shareholders will receive $27.00 per share. Looking ahead, Calavo expects higher avocado sales volumes but lower profits in the Fresh segment, while the Prepared segment is projected to grow. The merger is expected to close by August 2026, pending approvals.

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Calavo Growers, Inc. Announces Fourth Quarter and Fiscal Year 2025 Financial Results