Mission Produce Lifts Calavo Synergy Target Above $30M, Reaffirms H2 EBITDA Guidance
AVO sits 38% above its 52-week low of $10.07.
Summary
Mission Produce reported Q3 adjusted EPS of $0.18, beating expectations, and raised its Calavo synergy outlook to over $30M while reaffirming H2 EBITDA guidance of $84M-$88M.
Key Events · Earnings and Guidance · AVO
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Q3 Adjusted EBITDA Beats Expectations
Adjusted EBITDA of $32.4M exceeded expectations, with adjusted EPS of $0.18 versus $0.26 a year ago. GAAP net loss was $6.5M, including $25.4M in Calavo acquisition-related pre-tax costs.
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Calavo Synergy Outlook Raised to $30M+
Management raised the estimated annualized synergy opportunity from the Calavo acquisition to more than $30 million, citing higher-than-anticipated SG&A savings and network efficiencies.
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H2 FY2026 Guidance Reaffirmed
Second-half Adjusted EBITDA outlook of $84M-$88M reaffirmed. Q4 Adjusted EBITDA expected at approximately $52M-$55M, including a full quarter of Calavo.
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Revenue Up 26% on 38% Volume Growth
Total revenue of $450.0M, driven by 38% avocado volume growth, partially offset by a 9% decline in per-unit avocado sales prices.
Analysis · AVO · Industrial Applications And Services
The headline from Mission Produce's Q3 is a GAAP net loss of $6.5M, driven by $25.4M in Calavo acquisition costs, but adjusted EBITDA of $32.4M beat expectations. More importantly, management raised its annualized Calavo synergy target to more than $30 million — up from prior estimates — and reaffirmed second-half Adjusted EBITDA guidance of $84M-$88M, implying Q4 EBITDA of $52M-$55M. That Q4 ramp is the key number: it suggests the Calavo integration is tracking ahead of plan on cost savings, which matters more than the headline GAAP loss.
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At the time of this filing, AVO was trading at $13.88 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $10.07 to $15.53. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.