• Calavo fiscal 3Q income mirrors '05 period

    Calavo Growers Inc has reported continued profitability in the fiscal third quarter despite a decrease in quarterly revenues.

    Calavo Growers Inc, provider of fresh and processed avocados and other perishable food products, has reported continued profitability in the fiscal third quarter despite a decrease in quarterly revenues of about $9.7 million compared with the corresponding period in fiscal 2005.

    For the quarter ended July 31, 2006, net income totaled $2.9 million, virtually unchanged from the corresponding period in the prior year. Net sales for the quarter were $79 million, versus a record $88.7 million in the year-earlier period.

    Net income for the nine months rose to $4.5 million, compared with $2.8 million in the fiscal period a year earlier. Nine-month revenues totaled $197 million, virtually unchanged from $197 million in the similar fiscal 2005 period.

    Gross profit for the nine months increased 27% to $22.3 million from $17.5 million in the previous period. Operating income grew 94% to $7.5 million from $3.9 million one year earlier.

    About the Author

    from staff and wire reports

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from Refrigerated Transporter

    Americold
    americold_nb_port_groundbreaking
    Innovative new cold storage facility with martime and rail capabilities in New Brunswick, Canada, will be the operator’s sixth Canadian location when it opens in 2026.
    Penske
    penske_logistics___2025_state_of_logistics_report_
    The Council of Supply Chain Management Professionals’ latest report indicates trucking businesses continue to face economic uncertainty.
    Orbcomm
    orbcommcrewviewbayviewinterface
    New onboard solution enables end-to-end visibility for smart refrigerated and dry van containers in real time while in transit.