Calavo growers, inc (CVGW)
Income statement / TTM
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

1,211,093

1,195,777

1,183,606

1,120,693

1,098,862

1,088,758

1,085,956

1,091,182

1,096,939

1,075,565

1,046,016

1,007,517

957,658

935,679

896,018

865,322

866,608

856,824

849,579

835,831

809,136

782,510

772,434

748,675

720,117

691,451

642,330

600,568

573,224

551,119

556,916

568,876

548,604

522,529

489,758

0

0

0

Cost of sales

1,098,040

1,067,695

1,057,890

997,682

980,719

975,142

963,092

976,536

978,009

961,021

935,902

889,611

849,198

828,145

795,400

773,070

778,188

771,597

766,002

756,356

733,744

711,282

702,772

681,292

660,151

632,003

581,980

541,902

511,338

490,454

501,040

517,974

503,063

480,221

445,241

0

0

0

Gross profit

113,053

128,082

125,716

123,011

118,143

113,616

122,864

114,646

118,930

114,544

110,114

117,906

108,460

107,534

100,618

92,252

88,420

85,227

83,577

79,475

75,392

71,228

69,662

67,383

59,966

59,448

60,350

58,666

61,886

60,665

55,876

50,902

45,541

42,308

44,517

0

0

0

Selling, general and administrative

61,135

59,113

59,024

58,622

55,840

57,081

56,986

55,791

58,342

56,651

53,524

53,113

49,345

46,440

46,308

44,641

42,969

41,558

39,546

38,664

37,823

36,605

36,648

35,331

34,201

33,485

33,855

33,192

32,795

32,714

29,540

28,525

26,456

23,976

22,821

0

0

0

Gain on sale of Temecula packinghouse

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration related to RFG acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51,082

57,517

37,599

32,688

32,867

0

0

0

-

-

-

-

-

-

-

-

-

Operating income (loss)

54,049

71,046

68,694

66,316

62,303

56,535

65,878

58,855

60,588

57,893

56,590

64,793

59,115

61,094

54,310

47,611

45,451

43,669

32,452

5,983

-4,295

-16,459

-24,503

-5,547

-6,923

-6,904

9,070

11,380

17,122

25,379

26,336

22,377

19,085

18,332

21,696

0

0

0

Interest expense

881

948

1,024

931

854

831

880

972

1,007

1,023

941

924

786

756

788

773

824

830

869

894

950

983

1,004

1,077

1,102

1,098

1,105

1,112

1,106

1,152

1,206

1,186

1,110

1,016

900

0

0

0

Other income, net

983

499

2,060

1,530

943

559

1,250

940

674

479

89

-122

118

428

302

505

541

417

678

710

671

689

546

635

600

603

590

554

788

887

160

162

151

140

1,221

0

0

0

Gain on deconsolidation of FreshRealm

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized and realized net gain (loss) on Limoneira shares

-4,211

-9,722

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

52,615

63,550

61,786

64,087

58,205

56,581

66,272

58,847

60,279

57,373

55,870

63,879

58,579

60,898

53,860

47,379

45,204

43,292

32,261

18,421

8,048

-4,131

-12,339

-5,989

-7,425

-7,399

9,284

11,551

17,533

25,843

26,038

22,101

18,874

18,204

22,017

0

0

0

Provision (benefit) for income taxes

10,699

12,882

11,343

10,759

9,950

12,719

19,036

19,352

22,191

20,450

19,143

22,747

20,705

21,869

20,312

17,899

16,928

16,093

10,897

4,207

1,050

-3,916

-9,204

-3,625

-4,279

-4,715

3,201

2,086

6,007

10,213

11,618

10,623

7,557

7,249

8,754

0

0

0

Net loss from unconsolidated entities

-10,812

-14,082

-20,395

-21,562

-18,751

-11,850

-2,907

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

31,104

36,586

30,048

31,766

29,504

32,012

43,746

40,174

39,092

37,324

36,649

40,562

37,304

38,459

33,548

29,480

28,276

27,199

21,364

14,214

6,998

-215

-3,135

-2,364

-3,146

-2,684

6,083

9,465

11,526

15,630

14,420

11,478

11,317

10,955

13,263

0

0

0

Less: Net loss attributable to noncontrolling interest

-117

-60

-57

-86

-125

-269

-131

-163

-68

54

406

384

382

437

0

0

0

-

-

-

-

-312

-908

-1,258

-995

-889

-598

-209

-187

-172

-112

-102

-119

-113

-112

0

0

0

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

31,221

36,646

30,105

31,852

29,629

32,281

43,877

40,337

39,160

37,270

36,243

40,178

36,922

38,022

33,570

29,466

28,249

27,199

21,170

14,080

7,162

97

-2,227

-1,106

-2,151

-1,795

6,681

9,674

11,713

15,802

14,532

11,580

11,436

11,068

13,375

0

0

0

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