Calavo Growers, Inc. Declares 50 Cent Per Share Annual Cash Dividend

SANTA PAULA, Calif.--(BUSINESS WIRE)--Calavo Growers, Inc. (Nasdaq-GS:CVGW), a global leader in avocado marketing and an expanding provider of other fresh perishable produce items, today 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 percent increase from $0.35 per share issued last year. The board set Dec. 11, 2009 as the payment date to all stockholders of record as of Dec. 1, 2009.Chairman, President and Chief Executive Officer Lee E. Cole stated: “Calavo’s sharply higher annual cash dividend reflects both the sustained strength of our operating results and considerable confidence in the company’s prospects longer term as we successfully execute our strategic agenda. Moreover, the payment expresses in the clearest possible manner our resolve to deliver the highest possible returns to our shareholders, while still generating sufficient earnings to prudently reinvest in and drive future growth.”About Calavo Growers, Inc.Calavo Growers, Inc. is the worldwide leader in the procurement and marketing of fresh avocados and other perishable foods, as well as the manufacturing and distribution of processed avocado products. Founded in 1924, Calavo’s expertise in marketing and distributing avocados, processed avocados, and other perishable products enables it to serve food distributors, produce wholesalers, supermarkets and restaurants on a global basis.Safe Harbor StatementThis news release contains statements relating to future events and results of Calavo (including certain projections and business trends) that are “forward-looking statemen...
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CALAVO GROWERS INC Financials

PERIOD ENDING31-Jul-0930-Apr-0931-Jan-0931-Oct-08Total Revenue106,347  86,829  70,647  93,553  Cost of Revenue96,441  73,890  58,188  81,387  Gross Profit9,906  12,939  12,459  12,166  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative5,822  5,535  5,300  6,162  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss4,084  7,404  7,159  6,004  Income from Continuing OperationsTotal Other Income/Expenses Net246  366  255  324  Earnings Before Interest And Taxes4,330  7,770  7,414  6,607  Interest Expense268  291  326  425  Income Before Tax4,062  7,479  7,088  6,182  Income Tax Expense1,597  3,017  2,708  2,190  Minority Interest -   -   -   -  Net Income From Continuing Ops2,465  4,462  4,380  3,992  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   - &...
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[$$] Two Bigger Helpings

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Limoneira Company Announces Sale of Calavo Growers, Inc. Shares

SANTA PAULA, CA--(Marketwire - 10/30/09) - Limoneira Company (Pinksheets:LMNR - News), one of California's largest agribusinesses, announced the sale of 335,000 shares of its ownership in Calavo Growers, Inc. (NASDAQ:CVGW - News), a global leader in the packing and marketing of fresh and processed avocados and other perishable food products. The sales took place on October 8th and 13th 2009, and were made to strengthen the Company's balance sheet in preparation for its pending East Area 1 master planned community development project in Santa Paula, California. Limoneira continues to own 665,000 Calavo shares, which represents 4.6% of Calavo's total shares. "The Limoneira Company remains extremely excited about the bright futures of both Calavo Growers and Limoneira," says Harold Edwards, Limoneira's CEO. "By monetizing a percentage of our ownership in Calavo Growers we are preparing for upcoming investment requirements in our East Area 1 development project, which will assist in unlocking significant value for both Limoneira and Calavo shareholders." Calavo Growers owns 15% of Limoneira.About Limoneira CompanyLimoneira Company, a 116-year old international land, farming and food company headquartered ...
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Calavo Growers to Participate at BB&T Capital Markets Food Investment Conference

SANTA PAULA, Calif.--(BUSINESS WIRE)--Calavo Growers, Inc. (Nasdaq-GS:CVGW), a global leader in avocado marketing and an expanding provider of other fresh perishable produce items, today announced that it will be among the participating companies at the BB&T Capital Markets Food Conference “From Farm to Table” on Tues., Nov. 17, 2009 in New York City. Chairman, President and Chief Executive Officer Lee E. Cole will be conducting one-on-one investor meetings at the conference. Calavo disclosed that its investor presentation to be used at the BB&T conference and other impending financial community meetings is available at www.calavo.com under the "Investor Relations" section.About Calavo Growers, Inc.Calavo Growers, Inc. is the worldwide leader in the procurement and marketing of fresh avocados and other perishable foods, as well as the manufacturing and distribution of processed avocado products. Founded in 1924, Calavo’s expertise in marketing and distributing avocados, processed avocados, and other perishable products enables it to serve food distributors, produce wholesalers, supermarkets and restaurants on a global basis.Safe Harbor StatementThis news release contains statements relating to future events and results of Calavo (including certain projections and business trends) that are “forward- looki...
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