CVGW Calavo Growers Inc.

Calavo Growers, Inc. Announces $25 Million Stock Repurchase Program

Calavo Growers, Inc. Announces $25 Million Stock Repurchase Program

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 $25 million of the Company's outstanding common stock.

“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 $25 million of its common stock. Repurchases may be conducted through open-market transactions at prevailing market prices, privately negotiated transactions, or Rule 10b5-1 trading plans as permitted under federal securities laws and regulations. The repurchase program remains in effect until March 18, 2027, unless extended or terminated earlier by the Board of Directors. The timing, volume, and pricing of repurchases will be determined by the Company’s management with oversight from the Board and will depend upon market conditions, the Company’s financial position, regulatory requirements and other strategic considerations.

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 .

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.

310-622-8246



EN
18/03/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Calavo Growers Inc.

 PRESS RELEASE

Calavo Growers, Inc. Announces $25 Million Stock Repurchase Program

Calavo Growers, Inc. Announces $25 Million Stock Repurchase Program 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 $25 million of the Company's outstanding common stock. “This repurchase program underscores our confidence in our long-t...

 PRESS RELEASE

Calavo Growers, Inc. Announces First Quarter 2025 Financial Results

Calavo Growers, Inc. Announces First Quarter 2025 Financial Results SANTA PAULA, Calif., March 12, 2025 (GLOBE NEWSWIRE) -- (Nasdaq-GS: CVGW), a global avocado industry leader and provider of value-added fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2025. First Quarter Financial Overview Total net sales of $154.4 million, a 21.0% increase from the prior year quarter. Fresh1 segment sales increased $26.8 million, or 23.7%, from the prior year quarter.Prepared segment sales remained essentially flat from the prior year quarter. ...

 PRESS RELEASE

Calavo Growers to Report First Quarter 2025 Financial Results

Calavo Growers to Report First Quarter 2025 Financial Results SANTA PAULA, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that it plans to release financial results for the fiscal first quarter ended January 31, 2025, after the market closes on Wednesday, March 12, 2025. About Calavo Growers, Inc.Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed ...

 PRESS RELEASE

Calavo Growers, Inc. Board of Directors Elects New Chair

Calavo Growers, Inc. Board of Directors Elects New Chair Outgoing Chair to Remain as Director SANTA PAULA, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) -- (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today announced that its Board of Directors has elected Farha Aslam as its Chair effective immediately. “I am honored to serve as Chair of Calavo Growers, and I appreciate the opportunity to play an integral role in this 100-year-old company,” Ms. Aslam said. “Calavo has a heritage of leadership in the avocado industry, and today it is capitalizing...

 PRESS RELEASE

Calavo Growers, Inc. Announces Fourth Quarter and Fiscal Year 2024 Fin...

Calavo Growers, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results SANTA PAULA, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today reported its financial results for the fiscal fourth quarter and fiscal year ended October 31, 2024. Introductory Note: In the first quarter of 2024, we concluded that the Fresh Cut (formerly RFG) business met the requirements to be classified as held for sale and discontinued operations. As a result, the financial results of that business are reported ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch