Calavo shares up nearly 20% after company reports shrinking losses in Q2
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Santa Paula farm supply retailer settles pesticide case
An agricultural supply retailer in Santa Paula that sold pesticides to unpermitted buyers will pay $625,000 to settle a civil case brought by state regulators and county prosecutors, the Ventura County District Attorney’s Office announced Jan. 4. Under state law, certain pesticides can only be sold to and used by people with the proper permits Read More →
Deal for new Santa Paula Hospital land ‘a long time in the making’
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Calavo reports lower revenue, higher earnings
Calavo Growers saw its net income rise by millions, pulling the company out of the red, even as it reported that its first-quarter revenue shrank by 19%. The Santa Paula-based avocado distributor reported net income of $5.3 million, or 30 cents per diluted share, for the first quarter of 2021, when it released its quarterly Read More →
Limoneira’s losses mount as pandemic depresses citrus sales
Santa Paula-based agribusiness Limoneira saw its losses increase and its revenue drop in the fourth quarter of its most recent fiscal year, as low wholesale prices and declining sales during the pandemic took their toll. Limoneira released its results Jan. 11 for the quarter and fiscal year ended Oct. 31, revealing a loss of 42 Read More →
Limoneira reports profit, record sales
Santa Paula-based citrus producer Limoneira reported a solid third quarter on Sept. 9, with revenue up 5.3 percent and a profit of 12 cents per share that reversed a year-ago loss. The company said it sold a record 2 million cartons of lemons for the quarter and avocado volume increased. The company’s real estate operations Read More →
Calavo reports net loss, revenue decline
Calavo Growers reported a 24.7 percent decline in revenue and a net loss of $15.6 million, or 89 cents per share, for its fiscal third quarter, as it adapted to lower avocado prices and took a loss on its investment in FreshRealm, its meal-kit delivery venture. Calavo, based in Santa Paula, said total revenue for Read More →
