calavo growers inc (CVGW:NASDAQ GS)
calavo growers inc (CVGW) Key Developments
Calavo Growers Inc. announced that it has created FreshRealm, LLC, a technology company building a platform for everyone who is in the fresh food business--or would like to be to enable them to do their job more effectively. Calavo will be the majority shareholder with a few key strategic minority partners. Terms were not further disclosed. FreshRealm's technology platform will allow participants such as traditional retailers, large and small enterprises, communities and food banks to plug in to an ecosystem resembling a national fresh food cooperative. FreshRealm will not sell direct to consumers but instead will serve as the engine that connects participants to a network of regional fresh food producers. By logically connecting the dots in the fresh food industry, FreshRealm is able to create business value while also greatly reducing food waste. Built into their ecosystem is a plan to gift surplus food to the people and places that need it most.
Calavo Growers Inc. announced consolidated earnings results for the first quarter ended January 31, 2013. For the quarter, the company reported net sales of $139.5 million, operating income of $4.3 million, income before provision for income taxes of $4.2 million and net income attributable to company of $2.7 million or $0.18 per diluted share compared to net sales of $117.4 million, operating income of $4.4 million, income before provision for income taxes of $4.3 million and net income attributable to company of $2.7 million or $0.18 per diluted share reported in the same period last year. The company expects to post record net income and per-share results in fiscal 2013.
Calavo Growers Inc., Annual General Meeting, Apr 24, 2013., at 13:00 Pacific Standard Time. Location: 15765 W. Telegraph Road. Agenda: To elect thirteen directors, each for a term of one year; to ratify the appointment of its independent registered public accounting firm for fiscal year 2013; to conduct an advisory vote on executive compensation; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.
Calavo Growers Inc. announced that they will report Q1, 2013 results at 6:00 AM, Pacific Standard Time on Mar 05, 2013
Calavo Growers Inc. Presents at 25th Annual ROTH Conference, Mar-19-2013 08:00 AM. Venue: The Ritz-Carlton, 1 Ritz Carlton Drive, Dana Point, Laguna Niguel, California, United States.
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Industry Analysis
CVGW
Industry Average
| Valuation | CVGW | Industry Range |
| Price/Earnings | 27.1x |
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| Price/Sales | 0.8x |
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| Price/Book | 4.1x |
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| Price/Cash Flow | 27.2x |
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| TEV/Sales | 0.7x |
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