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Mission Produce Inc T.AVO


Primary Symbol: AVO

Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. It provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The Company also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.


NDAQ:AVO - Post by User

Comment by Candyswanwickon Nov 07, 2017 5:31pm
475 Views
Post# 26921452

RE:earnings

RE:earnings
manojgupta wrote:

Should be a good day tomorror??
Third Quarter 2017 Financial Highlights

  • Record revenue of $108.2 million, compared with $95.8 million in Q3 2016.
  • Revenue growth of 13% more than doubled the industry's estimated growth rate.
  • Strong gross margin percentage* of 51%.
  • Record Adjusted EBITDA* of $22.6 million, compared with $16.7 million in Q3 2016.
  • Adjusted EBITDA Margin* of 21%, compared with 17% in Q3 2016.
  • Record Adjusted Earnings* of $12.9 million, compared with $9.1 million in Q3 2016.
  • Record diluted Adjusted EPS* of $0.29, compared with $0.21 in Q3 2016.
  • Operating expenses as a percentage of revenue of 39%, compared with 45% in Q3 2016.


Heck yes! 1condor, you might end up being dead on with your prediction of $21 for early 2018. I haven’t read the actual report yet but these headlines look nice. Congrats everyone! 
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