Calavo growers, inc (CVGW)
Income statement / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Jul'10
Net sales

273,348

292,177

359,332

286,236

258,032

280,006

296,419

264,405

247,928

277,204

301,645

270,162

226,554

247,655

263,146

220,303

204,575

207,994

232,450

221,589

194,791

200,749

218,702

194,894

168,165

190,673

194,943

166,336

139,499

141,552

153,181

138,992

117,394

147,349

165,141

118,720

91,319

114,578

Cost of sales

257,540

267,544

323,557

249,399

227,195

257,739

263,349

232,436

221,618

245,689

276,793

233,909

204,630

220,570

230,502

193,496

183,577

187,825

208,172

198,614

176,986

182,230

198,526

176,002

154,524

173,720

177,046

154,861

126,376

123,697

136,968

124,297

105,492

134,283

153,902

109,386

82,650

99,303

Gross profit

15,808

24,633

35,775

36,837

30,837

22,267

33,070

31,969

26,310

31,515

24,852

36,253

21,924

27,085

32,644

26,807

20,998

20,169

24,278

22,975

17,805

18,519

20,176

18,892

13,641

16,953

17,897

11,475

13,123

17,855

16,213

14,695

11,902

13,066

11,239

9,334

8,669

15,275

Selling, general and administrative

16,298

14,885

14,295

15,657

14,276

14,796

13,893

12,875

15,517

14,701

12,698

15,426

13,826

11,574

12,287

11,658

10,921

11,442

10,620

9,986

9,510

9,430

9,738

9,145

8,292

9,473

8,421

8,015

7,576

9,843

7,758

7,618

7,495

6,669

6,743

5,549

5,015

5,514

Gain on sale of Temecula packinghouse

54

-

75

1,927

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration related to RFG acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,579

23,249

7,036

9,218

18,014

3,331

2,125

9,397

-

-

-

-

-

-

-

-

-

Operating income (loss)

-436

9,823

21,555

23,107

16,561

7,471

19,177

19,094

10,793

16,814

12,154

20,827

8,098

15,511

20,357

15,149

10,077

8,727

13,658

12,989

8,295

-2,490

-12,811

2,711

-3,869

-10,534

6,145

1,335

-3,850

5,440

8,455

7,077

4,407

6,397

4,496

3,785

3,654

9,761

Interest expense

187

101

228

365

254

177

135

288

231

226

227

323

247

144

210

185

217

176

195

236

223

215

220

292

256

236

293

317

252

243

300

311

298

297

280

235

204

181

Other income, net

994

-1,833

936

886

510

-272

406

299

126

419

96

33

-69

29

-115

273

241

-97

88

309

117

164

120

270

135

21

209

235

138

8

173

469

237

-719

175

458

226

362

Gain on deconsolidation of FreshRealm

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,622

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized and realized net gain (loss) on Limoneira shares

1,006

-1,460

-5,116

1,359

-4,505

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before provision (benefit) for income taxes and loss from unconsolidated entities

1,377

9,104

17,147

24,987

12,312

7,340

19,448

19,105

10,688

17,031

12,023

20,537

7,782

15,528

20,032

15,237

10,101

8,490

13,551

13,062

8,189

-2,541

-289

2,689

-3,990

-10,749

6,061

1,253

-3,964

5,934

8,328

7,235

4,346

6,129

4,391

4,008

3,676

9,942

Provision (benefit) for income taxes

-650

1,789

3,987

5,573

1,533

250

3,403

4,764

4,302

6,567

3,719

7,603

2,561

5,260

7,323

5,561

3,725

3,703

4,910

4,590

2,890

-1,493

-1,780

1,433

-2,076

-6,781

3,799

779

-2,512

1,135

2,684

4,700

1,694

2,540

1,689

1,634

1,386

4,045

Net loss from unconsolidated entities

-3,028

-2,138

-2,510

-3,136

-6,298

-8,451

-3,677

-325

603

-

492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-1,001

5,177

10,650

16,278

4,481

-1,361

12,368

14,016

6,989

10,373

8,796

12,934

5,221

9,698

12,709

9,676

6,376

4,787

8,641

8,472

5,299

-1,048

1,491

1,256

-1,914

-3,968

2,262

474

-1,452

4,799

5,644

2,535

2,652

3,589

2,702

2,374

2,290

5,897

Less: Net loss attributable to noncontrolling interest

-63

-34

47

-67

-6

-31

18

-106

-150

107

-14

-11

-28

459

-36

-13

27

-

-

-

-

194

-60

-298

-148

-402

-410

-35

-42

-111

-21

-13

-27

-51

-11

-30

-21

-50

Net income (loss) attributable to Calavo Growers, Inc.

-938

5,211

10,603

16,345

4,487

-1,330

12,350

14,122

7,139

10,266

8,810

12,945

5,249

9,239

12,745

9,689

6,349

4,787

8,641

8,472

5,299

-1,242

1,551

1,554

-1,766

-3,566

2,672

509

-1,410

4,910

5,665

2,548

2,679

3,640

2,713

2,404

2,311

5,947

Calavo Growers, Inc.'s net income (loss) per share:
Basic

-0.05

0.29

0.61

0.93

0.26

-0.08

0.71

0.81

0.41

0.59

0.51

0.74

0.30

0.53

0.73

0.56

0.37

0.27

0.50

0.49

0.31

-0.08

0.10

0.10

-0.11

-0.24

0.18

0.03

-0.10

0.34

0.38

0.17

0.18

0.25

0.18

0.16

0.16

0.41

Diluted

-0.05

0.29

0.60

0.93

0.26

-0.07

0.70

0.80

0.41

0.59

0.50

0.74

0.30

0.52

0.73

0.56

0.37

0.27

0.50

0.49

0.31

-0.08

0.09

0.09

-0.11

-0.24

0.17

0.03

-0.10

0.32

0.38

0.17

0.18

0.25

0.18

0.16

0.16

0.41

Number of shares used in per share computation:
Basic

17,536

17,521

17,525

17,530

17,500

17,500

17,481

17,481

17,446

17,436

17,428

17,426

17,374

17,366

17,351

17,348

17,322

17,283

17,301

17,300

17,295

15,815

15,760

15,755

15,726

15,030

14,848

14,819

14,834

14,834

14,787

14,787

14,772

14,768

14,755

14,726

14,723

14,651

Diluted

17,536

17,600

17,605

17,609

17,558

17,586

17,581

17,580

17,525

17,543

17,544

17,539

17,430

17,445

17,447

17,445

17,386

17,372

17,386

17,382

17,311

15,815

17,667

17,176

15,726

15,030

15,816

15,595

14,834

16,003

14,806

14,802

14,789

14,767

14,767

14,734

14,736

14,676