Calavo Growers, Inc. (CVGW) CEO Jim Gibson on Q1 2021 Results - Earnings Call Transcript

Mar. 10, 2021 11:01 PM ETCalavo Growers, Inc. (CVGW) StockCVGW
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Q1: 2021-03-10 Earnings Summary

EPS of $0.17 misses by $0.04
 | Revenue of $220.58M (-19.31% Y/Y) misses by $650.60K

Calavo Growers, Inc. (NASDAQ:CVGW) Q1 2021 Earnings Conference Call March 10, 2021 5:00 PM ET

Company Participants

Lisa Mueller - IR, Financial Profiles, Inc.
Jim Gibson - Chief Executive Officer
Kevin Manion - Chief Financial Officer

Conference Call Participants

Eric Larson - Seaport Global Securities
Bill Newby - D.A. Davidson
Pooran Sharma - Stephens Inc.
Mitch Pinheiro - Sturdivant & Co.
Ryan Meyers - Lake Street Capital Markets

Operator

Greetings and welcome to the Calavo Growers Incorporated First Quarter 2021 Earnings Call. [Operator Instructions] It is now my pleasure to introduce your host, Lisa Mueller, Investor Relations. Thank you, Lisa, you may begin.

Lisa Mueller

Thank you, operator and thank you all for joining us today to discuss Calavo Growers first quarter 2021 financial results. This afternoon we issued our earnings release and this document is available in the Investor Relations section of our website at ir.calavo.com. I'm here today with Jim Gibson, Chief Executive Officer of Calavo and Kevin Manion, Chief Financial Officer

On today's call, management will provide prepared remarks and then we will open the call up for your questions. Before we begin, I would like to remind you that today's comments will include forward-looking statements under the federal securities laws. Forward-looking statements are identified by words such as will, be, intend, believe, expect, anticipate, or other comparable words and phrases. Statements that are not historical facts such as statements about our outlook for revenue and adjusted EBITDA are also forward-looking statements. Our actual financial condition and results of operations may vary materially from those contemplated by such forward-looking statements. Discussion of the factors that could cause our results to differ materially from these forward-looking statements are contained in our SEC filings, including our reports on Form 10-K and 10-Q.

With that, I would now like to

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