Calavo Growers Files 2024 10-K

TL;DR

CVGW filed its 2024 10-K. Financials for FY24 are in. Check retained earnings, noncontrolling interest, and APIC.

AI Summary

Calavo Growers Inc. filed its 10-K for the fiscal year ending October 31, 2024. The company's fiscal year runs from November 1 to October 31. Key financial data points such as retained earnings, noncontrolling interest, and additional paid-in capital are reported for the fiscal years 2021, 2022, 2023, and 2024. The filing also includes information on property, plant, and equipment.

Why It Matters

This filing provides a comprehensive overview of Calavo Growers' financial performance and position for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant positive news, thus presenting a neutral risk profile.

Key Numbers

• $17.80B — Property, Plant and Equipment and Finance Lease Right of Use Asset (As of October 31, 2024)
• $17.76B — Property, Plant and Equipment and Finance Lease Right of Use Asset (As of October 31, 2023)

Key Players & Entities

• CALAVO GROWERS INC (company) — Filer of the 10-K
• 2024-10-31 (date) — Fiscal year end
• 20250114 (date) — Filing date
• 17802000 (dollar_amount) — Property, Plant and Equipment and Finance Lease Right of Use Asset After Accumulated Depreciation and Amortization for 2024
• 17761000 (dollar_amount) — Property, Plant and Equipment and Finance Lease Right of Use Asset After Accumulated Depreciation and Amortization for 2023

FAQ

Key Financial Figures

• $0.001 — on which registered Common Stock , $0.001 Par Value per Share CVGW Nasdaq Glo
• $83.0 million — ated real estate on August 15, 2024 for $83.0 million. Proceeds from the sale totaled $81.1 m
• $81.1 m — million. Proceeds from the sale totaled $81.1 million, net of $1.9 million of transacti
• $1.9 million — the sale totaled $81.1 million, net of $1.9 million of transaction costs. The Fresh Cut bus
• $0.1 m — 2024, 2023 and 2022 were approximately $0.1 million, $0.1 million and $0.1 million.
• $0.1 million — d 2022 were approximately $0.1 million, $0.1 million and $0.1 million. Compliance with Gov

Filing Documents

• cvgw-20241031x10k.htm (10-K) — 3025KB
• cvgw-20241031xex10d16.htm (EX-10.16) — 9KB
• cvgw-20241031xex19d1.htm (EX-19.1) — 116KB
• cvgw-20241031xex23d1.htm (EX-23.1) — 4KB
• cvgw-20241031xex31d1.htm (EX-31.1) — 16KB
• cvgw-20241031xex31d2.htm (EX-31.2) — 17KB
• cvgw-20241031xex32.htm (EX-32) — 9KB
• cvgw-20241031x10k001.jpg (GRAPHIC) — 56KB
• cvgw-20241031xex10d16g001.jpg (GRAPHIC) — 177KB
• cvgw-20241031xex10d16g002.jpg (GRAPHIC) — 223KB
• cvgw-20241031xex10d16g003.jpg (GRAPHIC) — 52KB
• 0001558370-25-000209.txt ( ) — 13339KB
• cvgw-20241031.xsd (EX-101.SCH) — 56KB
• cvgw-20241031_cal.xml (EX-101.CAL) — 126KB
• cvgw-20241031_def.xml (EX-101.DEF) — 247KB
• cvgw-20241031_lab.xml (EX-101.LAB) — 661KB
• cvgw-20241031_pre.xml (EX-101.PRE) — 511KB
• cvgw-20241031x10k_htm.xml (XML) — 2386KB

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 avocado products, 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 worldwide. 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, and (ii) process and package guacamole. We distribute our products both domestically and internationally. 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 consists of guacamole sold at retail and foodservice 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. Discontinued Operations We completed the sale of our Fresh Cut business (formerly "RFG") and related real estate on August 15, 2024 for $83.0 million. Proceeds from the sale totaled $81.1 million, net of $1.9 million of transaction costs. The Fresh Cut business represents substantially all of the business of the Prepared segment other than the guacamole business, which was retained. The financial results of the Fresh Cut business have been classified as discontinued operations in the statements of operations and its assets and liabilities have been classified as held

View Full Filing

View this 10-K filing on SEC EDGAR