CALAVO GROWERS 8-K Signals Upcoming Financial Results

Ticker: CVGW · Form: 8-K · Filed: Jan 17, 2024 · CIK: 1133470

Complexity: simple

Sentiment: neutral

Topics: regulation-fd, financial-condition, results-of-operations

TL;DR

**Calavo Growers filed an 8-K, expect financial results soon.**

AI Summary

CALAVO GROWERS, INC. filed an 8-K on January 16, 2024, to report on "Results of Operations and Financial Condition" and "Regulation FD Disclosure." This filing indicates that the company is likely to release its financial results soon, potentially revealing key performance metrics. For investors, this matters because upcoming financial disclosures could significantly impact the stock price, depending on whether the results meet or miss market expectations.

Why It Matters

This 8-K signals that CALAVO GROWERS, INC. is preparing to release its financial results, which will provide crucial insights into the company's performance and future outlook.

Risk Assessment

Risk Level: medium — The filing itself is routine, but the upcoming financial results it foreshadows carry inherent market risk depending on performance.

Analyst Insight

A smart investor would monitor CALAVO GROWERS, INC.'s news releases closely for the actual financial results, as this 8-K is a precursor to that announcement.

Key Players & Entities

Forward-Looking Statements

FAQ

What is the primary purpose of this 8-K filing by CALAVO GROWERS, INC.?

The primary purpose of this 8-K filing, dated January 16, 2024, is to report on "Results of Operations and Financial Condition" and "Regulation FD Disclosure," indicating an upcoming release of financial information.

What is the earliest event reported date in this 8-K filing?

The date of the earliest event reported in this 8-K filing is January 16, 2024.

Where are CALAVO GROWERS, INC.'s principal executive offices located?

CALAVO GROWERS, INC.'s principal executive offices are located at 1141-A Cummings Road, Santa Paula, California 93060.

Under which sections of the Securities Exchange Act of 1934 is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What is the Commission File Number for CALAVO GROWERS, INC.?

The Commission File Number for CALAVO GROWERS, INC. is 000-33385.

Filing Stats: 775 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-01-17 13:16:24

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 16, 2024, Calavo Growers, Inc. ("Calavo") issued a press release announcing that the Calavo is unable to file its Form 10-K report for the year ended October 31, 2023 within the prescribed period. The press release also contains certain preliminary financial results for the year ended October 31, 2023. A copy of this press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information included in this Item 2.02 and Exhibit 99.1 are being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of Calavo's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Calavo is hereby furnishing the following information under Regulation FD. On January 16, 2024, Calavo issued a press release announcing that its board of directors has declared a quarterly cash dividend of $0.10 per share of common stock, payable January 31, 2024, to shareholders of record on January 26, 2024. The press release also announced that Calavo entered into non-binding, exclusive negotiations for the potential sale of its fresh cut fruit and vegetables business, previously known as RFG. A copy of this press release is furnished herewith as Exhibit 99.2 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information included in this Item 7.01 and Exhibit 99.2 are being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of Calavo's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press release dated January 16, 2024 of the Registrant. 99.2 Press release dated January 16, 2024 of the Registrant 104 Cover Page Interactive Data File (formatted as inline XBRL). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Calavo Growers, Inc. January 17, 2024 By: /s/ Lecil E. Cole Lecil E. Cole Chief Executive Officer (Principal Executive Officer) 3

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