Ben Klieve

Eric Larson

Mitch Pinheiro

Ben Bienvenu

Benjamin Bienvenu

Benjamin Klieve

Jim Salera

Mitchell Pinheiro

- For the third fiscal quarter ended July 31, 2025, Calavo Growers, Inc. reported **total net sales of $178.8 million**, a decrease of less than one percent from the prior year, with **net income from continuing operations of $4.7 million** or **$0.26 per diluted share**.  **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:0]** **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:2]**  Adjusted net income was **$10.2 million**, or **$0.57 per diluted share**.  **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:0]** **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:2]** 
- Gross profit for Q3 2025 was **$18.2 million**, a 9% decrease from the prior year, primarily due to approximately **$4.2 million of discrete costs** associated with a temporary FDA detention hold on certain avocado imports from Mexico.  **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:0]** **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:2]** 
- The **Prepared segment's net sales increased by 40% to $22.9 million** and its gross profit increased by 201% to **$5.8 million** in Q3 2025, while the Fresh segment's sales decreased by 5% to **$155.9 million** and its gross profit decreased by 32% to **$12.4 million**.  **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:0]** **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:2]** 
- The **U.S. Department of Justice officially closed its FCPA inquiry** related to operations in Mexico on September 2, 2025, and the **FDA matter has also been resolved** as of the same date.  **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:0]** **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:1]** 
- The Board of Directors declared a quarterly cash dividend of **$0.20 per share** to be paid on October 31, 2025.  **[1133470_0001558370-25-012019_cvgw-20250909xex99d1.htm:0]**

CALAVO GROWERS (CVGW)