Company Quick10K Filing
Calavo Growers
10-Q 2020-01-31 Filed 2020-03-10
10-K 2019-10-31 Filed 2019-12-19
10-Q 2019-07-31 Filed 2019-09-05
10-Q 2019-04-30 Filed 2019-06-06
10-Q 2019-01-31 Filed 2019-03-07
10-K 2018-10-31 Filed 2018-12-20
10-Q 2018-07-31 Filed 2018-09-05
10-Q 2018-04-30 Filed 2018-06-11
10-Q 2018-01-31 Filed 2018-03-09
10-K 2017-10-31 Filed 2017-12-22
10-Q 2017-07-31 Filed 2017-09-08
10-Q 2017-04-30 Filed 2017-06-08
10-Q 2017-01-31 Filed 2017-03-10
10-K 2016-10-31 Filed 2016-12-23
10-Q 2016-07-31 Filed 2016-09-08
10-Q 2016-04-30 Filed 2016-06-08
10-Q 2016-01-31 Filed 2016-03-10
10-K 2015-10-31 Filed 2015-12-30
10-Q 2015-07-31 Filed 2015-09-09
10-Q 2015-04-30 Filed 2015-06-09
10-Q 2015-01-31 Filed 2015-03-12
10-K 2014-10-31 Filed 2015-01-30
10-Q 2014-07-31 Filed 2014-09-15
10-Q 2014-04-30 Filed 2014-06-06
10-Q 2014-01-31 Filed 2014-03-11
10-K 2013-10-31 Filed 2014-01-13
10-Q 2013-07-31 Filed 2013-09-09
10-Q 2013-04-30 Filed 2013-06-07
10-Q 2013-01-31 Filed 2013-03-08
10-K 2012-10-31 Filed 2013-01-14
10-Q 2012-07-31 Filed 2012-09-07
10-Q 2012-04-30 Filed 2012-06-11
10-Q 2012-01-31 Filed 2012-03-09
10-K 2011-10-31 Filed 2012-01-17
10-Q 2011-07-31 Filed 2011-09-09
10-Q 2011-04-30 Filed 2011-06-09
10-Q 2011-01-31 Filed 2011-03-11
10-K 2010-10-31 Filed 2011-01-14
10-Q 2010-07-31 Filed 2010-09-09
10-Q 2010-04-30 Filed 2010-06-08
10-Q 2010-01-31 Filed 2010-03-11
10-K 2009-10-31 Filed 2010-01-11
8-K 2020-05-11 Officers, Exhibits
8-K 2020-04-22 Shareholder Vote
8-K 2020-03-10 Earnings, Officers, Exhibits
8-K 2020-02-24 Officers
8-K 2020-02-14 Other Events
8-K 2020-01-21 Other Events, Exhibits
8-K 2020-01-02 Officers
8-K 2019-12-19 Earnings, Exhibits
8-K 2019-10-24 Officers
8-K 2019-10-01 Regulation FD, Exhibits
8-K 2019-09-20 Officers
8-K 2019-09-05 Earnings, Exhibits
8-K 2019-06-06 Earnings, Exhibits
8-K 2019-04-24 Shareholder Vote
8-K 2019-03-07 Earnings, Exhibits
8-K 2018-12-20 Earnings, Exhibits
8-K 2018-10-02 Regulation FD, Exhibits
8-K 2018-09-05 Earnings, Exhibits
8-K 2018-06-06 Earnings, Exhibits
8-K 2018-04-25 Shareholder Vote
8-K 2018-03-07 Earnings, Exhibits

Calavo Growers Financials

CVGW Metrics, Comps, Filings

Quarterly | Annual

Business

Calavo Growers, Inc. (Calavo, the Company, we, us or our), is a global leader in the avocado industry and an expanding 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) process and package guacamole and salsa and (iii) create, process and package a portfolio of healthy fresh foods including fresh-cut fruit and vegetables, and prepared foods. We distribute our products both domestically and internationally and report our operations in three different business segments: Fresh products, Calavo Foods and Renaissance Food Group (RFG). See Note 10 in our consolidated financial statements for further information about our business segments. Our principal executive offices are located at 1141-A Cummings Road, Santa Paula, California 93060; telephone (805) 525-1245.

On October 9, 2001, we completed a series of transactions whereby common and preferred shareholders of Calavo Growers of California (the Cooperative), an agricultural marketing cooperative association, exchanged all of their outstanding shares for shares of our common stock. Concurrent with this transaction, the Cooperative was merged into us with Calavo Growers, Inc. emerging as the surviving entity. These transactions had the effect of converting the legal structure of the business from a non-profit cooperative to a for-profit corporation.

In April 2019, we sold our Temecula, California packinghouse for $7.1 million in cash and, concurrently, leased back a portion of the facility representing approximately one-third of the total square footage. This generated a gain of $6.4 million. Since our leaseback of the building is classified as a capital lease and covers substantially all of the leased property, the gain recognized currently is the amount of the gain in excess of the recorded amount of the leased asset. As a result, we recognized a gain of approximately $1.9 million in the second quarter of fiscal 2019 and recorded a deferred gain of $4.5 million, which will be recognized over the life of the lease (i.e. straight-line over 15 years).


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Siteone Landscape Supply (SITE) 3,153 33% 25.5 5% 1,527 1,142 1,822 603 75 145 3,708
Cal-Maine Foods (CALM) 1,999 16% 17.3 5% 1,156 166 1,361 223 55 112 1,932
BrightView (BV) 1,969 27% 11.6 2% 2,929 1,645 2,405 638 44 266 3,094
Fresh Del Monte Produce (FDP) 1,821 7% 13.7 2% 3,345 1,525 4,510 307 62 175 2,394
Vector Group (VGR) 1,745 32% 10.7 7% 1,487 2,115 1,910 605 111 266 2,856
Calavo Growers (CVGW) 1,679 11% 26.1 9% 390 104 1,196 128 37 64 1,677
Universal (UVV) 1,380 19% 10.5 4% 2,218 880 2,071 385 97 162 1,697
Adecoagro (AGRO) 790 0% 2,277 1,169 0 0 0 0 593
Andersons (ANDE) 766 7% 13.1 1% 3,284 2,273 7,097 473 35 131 1,713
Limoneira (LMNR) 338 0% 63.5 -1% 416 177 135 0 -2 7 449
22nd Century (XXII) 302 1% -14.1 -36% 62 7 26 0 -22 -21 302
Brasil Agro (LND) 235 0% 1,358 477 0 0 0 0 235
Alico (ALCO) 223 49% 5.6 9% 417 218 122 60 38 65 363
SunOpta (STKL) 201 9% 7.5 1% 959 742 894 82 5 59 444
S&W Seed (SANW) 81 78% -10.1 -9% 152 57 49 38 -14 -9 93
Origin Agritech (SEED) 17 0% 430 453 0 0 0 0 93
Shineco (TYHT) 16 28% 95.8 -2% 81 11 31 9 -2 -0 -21
Village Farms International (VFF)
Playtex Products (PYX)
Corteva (CTVA) 37% -8.9 -2% 43,251 22,060 13,755 5,124 -999 258 -2,284

Balance Sheet ($MM)2011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Cash23455797686209759678815148109732224758
Accounts Receivable63364052443948596055606464577080665974768770769581707377736673838863
Inventory22182125212322253229283233312731322627303632243933313139363538504637
PP&E4647484950845151528853565497596166114727580138115114118178122122121188123126131203
Assets216185193205199208216222235240234259265283290308293285292304335328347384376364361375373368380409413390
Accounts Payable87891189131312121616151719202021212422242831232116161417141517
Long-Term Debt1918171614191211913764821131101000100000366
Liabilities1128993104919810411411311110811410810411011694991029811611212714712712011010786103110122114104
Stockholders' Equity10496100101108110112107122128179192198
Income Statement ($MM)2011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Revenue165147117139153142139166195191168195219201195222232208205220263248227270302277248264296280258286359292
Cost of Revenue154134105124137124126155177173154176198182177199208188184193231221205234277246222232263258227249324268
Gross Profit11131215161813121817141921191823242021273327223625322632332231373625
R&D11
SG&A7788810999989991010111111121212141713151613141514161415
Tax2325322132238-135544675384745302642
Net Income34336632664716-1589561013951391071412-1416115
Cash Flow ($MM)2011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Cash Operating100-11831212-2-714-6-2161859172972221881319810163412
Cash Investing-3-1-2-3-1-2-2-2-3-2-10-3-4-3-10-4-0-5-8-9-33-6-10-5-3-6-16-13-1-10-9
Cash Financing-724-15-02-3-1177-1564-9-111-8-13-14125-13-10-6-11-1375-12-27-0