Mission Produce Inc (OQ:AVO)
Business Focus: Vegetable, Fruit & Nut Farming
| Sector: Consumer Non-Cyclicals | Industry: Fishing & Farming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2710 Camino Del Sol, Suite 300 OXNARD CA 93030 |
| Tel: | N/A |
| Website: | https://missionproduce.com |
| IR: | See website |
| Key People | ||
| John Pawlowski President, Chief Operating Officer | Stephen J. Barnard Chief Executive Officer, Director | Bryan E. Giles Chief Financial Officer |
| Juan R. Wiesner President - Central and South America | Joanne C. Wu General Counsel, Secretary | |
| Business Overview |
| 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. |
| Financial Overview |
| For the three months ended 31 January 2024, Mission Produce Inc revenues increased 21% to $258.7M. Net income totaled $0K vs. loss of $8.8M. Revenues reflect Marketing & Distribution segment increase of 24% to $224.6M, Blueberries segment increase of 9% to $32.5M, Rest of world segment increase from $38.9M to $211.8M. Net Income reflects Interest income increase of 50% to $300K (income). |
| Employees: | 3,300 as of Oct 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $935.81M as of Jan 31, 2024 |
| Annual revenue (TTM): | $999.10M as of Jan 31, 2024 |
| EBITDA (TTM): | $66.50M as of Jan 31, 2024 |
| Net annual income (TTM): | $6.00M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$2.10M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $140.20M as of Jan 31, 2024 |
| Shares outstanding: | 70,846,927 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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