Key Developments For Calavo Growers Inc
Calavo Growers Inc (CVGW.O) (Nasdaq)
Calavo Growers, Inc. Declares 50 Cent Per Share Annual Cash Dividend
Calavo Growers, Inc. announced that its Board of Directors declared a $0.50 per share annual cash dividend on its common stock. The annual payout represents a 43% increase from $0.35 per share issued last year. The Board set December 11, 2009 as the payment date to all stockholders of record as of December 1, 2009.
Calavo Growers, Inc. Declares Annual Cash Dividend
Calavo Growers, Inc. announced that its Board of Directors declared a $0.35 per share annual cash dividend on its common stock. The Board set December 23, 2008, as the payment date to all stockholders of record as of December 9, 2008.
Calavo Growers, Inc. Acquires Hawaiian Sweet Inc. And Hawaii Pride LLC
Calavo Growers, Inc. announced that it has acquired Hawaiian Sweet Inc. and Hawaii Pride LLC, papaya and tropical-product packing and processing operations on the Big Island owned by Calavo's Chairman, President and Chief Executive Officer, Lee E. Cole. Under terms of the transaction, Calavo acquires fresh operations which pack an estimated 65-70% of all Hawaiian-grown papayas and 80% of the mainland supply originating from the islands. The purchase brings under company ownership two fresh-papaya packinghouses and cooling facilities, papaya and guava puree operations (sold in bulk to food manufacturers) and U.S.D.A.-approved electronic-beam-irradiation technology used for processing Hawaiian sweet potatoes, papayas, and other tropical fruits bound for export. Calavo also gains approximately 3,000 acres on the eastern slopes of the Big Island--more than 725 owned and the remainder under lease-which, in turn, are sublet to farmers under contract for their harvests with Hawaiian Sweet. An all-cash transaction, the total purchase consideration ranges from $10 to $14 million, subject to meeting certain operating-performance targets through May 31, 2009.
Calavo Growers, Inc. Reaffirms FY 2008 Revenue Outlook
Calavo Growers, Inc. announced that for fiscal 2008, it is on target to achieve the 25% increase in sales previously forecast. The Company reported revenue of $302.98 million in fiscal 2007.
Calavo Growers, Inc. Issues FY 2008 Revenue Guidance Above Analysts' Estimates
Calavo Growers, Inc. announced that for fiscal 2008, it expects revenues will grow by approximately 25% over the recently completed year. The Company reported revenues of $302.984 million for fiscal 2007. According to Reuters Estimates, analysts on average are expecting the Company to report $350 million for the same period.
