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Calavo Growers fiscal Q2 profit climbs 28.0% YOY

4910879 said its normalized net income for the fiscal second quarter ended April 30 was 47 cents per share, compared with the S&P Capital IQ consensus estimate of 48 cents per share.

EPS increased 26.5% year over year from 37 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.2 million, an increase of 28.0% from $6.4 million in the year-earlier period.

The normalized profit margin climbed to 3.7% from 3.3% in the year-earlier period.

Total revenue increased 13.7% on an annual basis to $221.6 million from $194.9 million, and total operating expenses rose 12.7% from the prior-year period to $208.6 million from $185.1 million.

eported net income increased from the prior-year period to $8.5 million, or 49 cents per share, from $1.5 million, or 9 cents per share.Calavo Growers Inc.

4910879 said its normalized net income for the fiscal second quarter ended April 30 was 47 cents per share, compared with the S&P Capital IQ consensus estimate of 48 cents per share.