Calavo Growers Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Calavo Growers Inc. has filed its 2023 10-K report detailing financial data and executive compensation.</b>

AI Summary

CALAVO GROWERS INC (CVGW) filed a Annual Report (10-K) with the SEC on January 31, 2024. Calavo Growers Inc. filed its annual report for the fiscal year ended October 31, 2023. The filing covers the period from November 1, 2022, to October 31, 2023. The company's principal executive offices are located at 1141A Cummings Road, Santa Paula, CA 93060. The filing includes information on common stock, retained earnings, noncontrolling interest, and additional paid-in capital for fiscal years 2020-2023. Details regarding restricted stock, restricted stock units (RSUs), and performance shares awarded to executives and directors are provided for various dates in 2022 and 2023.

Why It Matters

For investors and stakeholders tracking CALAVO GROWERS INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Calavo Growers' financial performance and position as of October 31, 2023, which is crucial for investors to assess the company's health and future prospects. The inclusion of executive and director compensation details, including stock awards, offers transparency into the company's governance and incentive structures.

Risk Assessment

Risk Level: medium — CALAVO GROWERS INC shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual disclosure. However, specific financial performance details and potential risks are not yet available from this header information, necessitating a deeper review of the full document.

Analyst Insight

Review the full 10-K filing to analyze Calavo Growers' financial performance, identify key risks, and understand executive compensation strategies.

Key Numbers

• 2023-10-31 — Fiscal Year End (Reporting period end date)
• 2024-01-31 — Filing Date (Date the report was filed)
• 10-K — Form Type (Type of filing)

Key Players & Entities

• CALAVO GROWERS INC (company) — Filer name
• CVGW (company) — Ticker symbol
• 1141A CUMMINGS ROAD (company) — Business address street
• SANTA PAULA (company) — Business address city
• CA (company) — Business address state
• 93060 (company) — Business address zip

Forward-Looking Statements

• Calavo Growers Inc. will likely see continued scrutiny on its equity components in the next fiscal year due to the slight dip in common stock value. (CALAVO GROWERS INC) — medium confidence, target: 2024-10-31

FAQ

Industry Context

Calavo Growers Inc. operates in the agriculture services sector, focusing on the production, marketing, and distribution of avocados and other perishable foods.

Regulatory Implications

The filing is a Form 10-K, an annual report required by the U.S. Securities and Exchange Commission (SEC) for public companies.

What Investors Should Do

1. Analyze the full 10-K document for detailed financial statements, including revenue, net income, and balance sheet information.
2. Examine the Management's Discussion and Analysis (MD&A) section for insights into the company's performance drivers and outlook.
3. Review the Risk Factors section to understand potential challenges and uncertainties facing Calavo Growers.

Key Dates

• 2023-10-31: Fiscal Year End — End of the reporting period for the 10-K
• 2024-01-31: Filing Date — Date the 10-K was officially filed with the SEC

Year-Over-Year Comparison

This is the initial header information for the 2023 10-K filing; comparative data from the previous year's filing will be available within the full document.

Key Financial Figures

• $0.001 — on which registered Common Stock , $0.001 Par Value per Share CVGW Nasdaq Glo
• $0.1 m — 2023, 2022 and 2021 were approximately $0.1 million, $0.1 million and $0.3 million.
• $0.1 million — d 2021 were approximately $0.1 million, $0.1 million and $0.3 million. Compliance with Gov
• $0.3 million — ximately $0.1 million, $0.1 million and $0.3 million. Compliance with Government Regulatio

Filing Documents

• cvgw-20231031x10k.htm (10-K) — 3147KB
• cvgw-20231031xex23d1.htm (EX-23.1) — 4KB
• cvgw-20231031xex31d1.htm (EX-31.1) — 16KB
• cvgw-20231031xex31d2.htm (EX-31.2) — 17KB
• cvgw-20231031xex32.htm (EX-32) — 9KB
• cvgw-20231031xex97d1.htm (EX-97.1) — 29KB
• cvgw-20231031x10k001.jpg (GRAPHIC) — 42KB
• 0001558370-24-000671.txt (&nbsp;) — 12682KB
• cvgw-20231031.xsd (EX-101.SCH) — 58KB
• cvgw-20231031_cal.xml (EX-101.CAL) — 108KB
• cvgw-20231031_def.xml (EX-101.DEF) — 238KB
• cvgw-20231031_lab.xml (EX-101.LAB) — 629KB
• cvgw-20231031_pre.xml (EX-101.PRE) — 491KB
• cvgw-20231031x10k_htm.xml (XML) — 2504KB

Business

Item 1. Business General development of the business Calavo Growers, Inc. (referred to in this report as "Calavo", the "Company", "we', "us" or "our"), is a global leader in the avocado industry and a provider of value-added fresh food. Our expertise in marketing and distributing avocados, prepared avocados, and other perishable foods allows us to deliver a wide array of fresh and prepared food products to retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers on a worldwide basis. We procure avocados from California, Mexico and other growing regions around the world. Through our various operating facilities, we (i) sort, pack, and/or ripen avocados, tomatoes and/or Hawaiian grown papayas, (ii) create, process and package a portfolio of healthy fresh foods including fresh-cut fruit and vegetables, and prepared foods and (iii) process and package guacamole. We distribute our products both domestically and internationally and we report our operations in two different business segments: Grown and Prepared. The Grown segment consists of fresh avocados, tomatoes and papayas. The Prepared segment comprises all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads and snacks, guacamole, and salsa sold at retail and food service as well as avocado pulp sold to foodservice. See Note 10 in our consolidated financial statements included elsewhere in this Annual Report on Form 10-K for further information about our business segments. Our principal executive offices are located at 1141-A Cummings Road, Santa Paula, California 93060; and our telephone number is (805) 525-1245. Available information We maintain an Internet website at http://www.calavo.com. Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to such reports filed or furnished pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and ot

Risk Factors

Item 1A. Risk Factors You should carefully consider the following risks and other information in this Form 10-K. Any of the following risks could materially and adversely affect our results of operations or financial cond

View Full Filing

View this 10-K filing on SEC EDGAR