Mission Produce Inc
For the period ended Jul 31, 2024. Filed Sep 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2024 · Filed Sep 9, 2024
AVO$11.91+2.1%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)
| Three Months EndedJuly 31, | Nine Months EndedJuly 31, | |||
|---|---|---|---|---|
| (In millions, except for per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $324.0 | $261.4 | $880.3 | $696.0 |
| Cost of sales | 287.0 | 233.0 | 783.6 | 640.5 |
| Gross profit | 37.0 | 28.4 | 96.7 | 55.5 |
| Selling, general and administrative expenses | 20.2 | 17.4 | 59.6 | 55.8 |
| Operating income (loss) | 16.8 | 11.0 | 37.1 | (0.3) |
| Interest expense | (3.2) | (3.2) | (9.9) | (8.3) |
| Equity method income | 1.7 | 1.8 | 2.6 | 3.2 |
| Other income (expense), net | 1.3 | (1.1) | 1.3 | (1.3) |
| Income (loss) before income taxes | 16.6 | 8.5 | 31.1 | (6.7) |
| Provision for income taxes | 4.5 | 2.3 | 10.0 | 2.4 |
| Net income (loss) | $12.1 | $6.2 | $21.1 | $(9.1) |
| Less: Net (loss) income attributable to noncontrolling interest | (0.3) | (0.4) | 1.7 | (2.3) |
| Net income (loss) attributable to Mission Produce | $12.4 | $6.6 | $19.4 | $(6.8) |
| Net income (loss) per share attributable to Mission Produce: | ||||
| Basic | $0.17 | $0.09 | $0.27 | $(0.10) |
| Diluted | $0.17 | $0.09 | $0.27 | $(0.10) |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
| Three Months EndedJuly 31, | Nine Months EndedJuly 31, | |||
|---|---|---|---|---|
| (In millions) | 2024 | 2023 | 2024 | 2023 |
| Net income (loss) | $12.1 | $6.2 | $21.1 | $(9.1) |
| Other comprehensive income (loss), net of tax | ||||
| Foreign currency translation adjustments | 0.1 | 0.7 | 0.6 | 1.5 |
| Total comprehensive income (loss), net of tax | 12.2 | 6.9 | 21.7 | (7.6) |
| Less:Comprehensive (loss) income attributable to noncontrolling interest | (0.3) | (0.4) | 1.7 | (2.3) |
| Comprehensive income (loss) | $12.5 | $7.3 | $20.0 | $(5.3) |
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