Calavo CFO to step down
Calavo Growners, a Santa Paula-based distributor of avocados and other produce, announced May 3 that its CFO will be leaving the company. When Mariela Matute steps down on May 19 and CEO Brian Kocher takes over as interim CFO, Calavo will have its fifth permanent or interim CFO in the past two years. John Lindeman Read More →
Calavo hires new CEO
Calavo Growers, a Santa Paula-based distributor of avocados and other produce, has hired a new CEO, after a period of instability that saw three permanent or interim leaders hold the job since early 2020. The new CEO, effective Feb. 1, is Brian Kocher, Calavo said in a Dec. 22 news release. He will take over Read More →
Calavo reports net loss, but revenue growth
Santa Paula-based Calavo Growers saw revenue increase year-over-year in the fourth quarter of 2021, and despite a net loss for the quarter, the company beat analysts’ expectations. Calavo, an avocado distributor, delivered revenue worth $273.4 million for the quarter ended Oct. 31, a 17% increase from the same quarter a year ago. The company did Read More →
Calavo shares down amid turnover and uncertainty
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Calavo announces Q2 loss and CEO’s departure; shares hit lowest point since 2015
Shares of Calavo Growers slipped more than 17% on Sept. 9, one day after the Santa Paula-based avocado distributor released third quarter earnings that were held back by inflation and said its CEO, James Gibson, is retiring from the post immediately. Calavo closed at $39.20 on Sept. 9, down from $47.26 the day before. The Read More →
Limoneira, Calavo both report earnings growth as produce industry continues recovery
Santa Paula-based agribusinesses Limoneira and Calavo Growers both reported positive earnings in their second quarter financial results released June 8, with both saying their earnings mark a return back to pre-pandemic form. Limoneira reported earnings of $1.5 million for the quarter, or 10 cents per share, up from a loss of $5.3 million in the Read More →
Calavo reports lower revenue, higher earnings
Calavo Growers saw its net income rise by millions, pulling the company out of the red, even as it reported that its first-quarter revenue shrank by 19%. The Santa Paula-based avocado distributor reported net income of $5.3 million, or 30 cents per diluted share, for the first quarter of 2021, when it released its quarterly Read More →
