Mission Produce, Inc. (AVO) Form 8-K — Sep 8, 2026

$AVOForm 8-KItems 2.02, 9.01Filed Sep 8, 2026, 4:17 PM ET0001802974-26-000042Original filing

Mission Produce reported fiscal Q3 2026 (quarter ended July 31, 2026) revenue of $450.0 million, up 26% year over year, driven by 38% growth in avocado volume from the integration of the acquired Calavo operation and higher Mexican avocado supply. The company swung to a GAAP net loss of $6.5 million, or $(0.08) per diluted share, versus income of $14.7 million a year ago, due to $25.4 million of pre-tax Calavo acquisition-related costs; adjusted net income was $15.0 million ($0.18 per diluted share) versus $18.2 million ($0.26), while adjusted EBITDA of $32.4 million exceeded the company's expectations.

Key figures

Eps: -$0.08 diluted GAAP (vs $0.21 prior year); adjusted diluted EPS $0.18 (vs $0.26)
Revenue: $450.0 million (fiscal Q3 2026, quarter ended July 31, 2026)
Guidance: Reaffirmed fiscal H2 2026 Adjusted EBITDA of $84 million to $88 million; Q4 Adjusted EBITDA of approximately $52 million to $55 million; full-year fiscal 2026 capex of approximately $45 million; Q4 avocado pricing expected approximately 10% lower YoY vs $1.39/lb
Net Income: -$6.5 million net loss attributable to Mission Produce (vs income of $14.7 million prior year)
Total Debt: approximately $400.4 million ($388.9 million long-term debt plus $11.5 million current portion)
Revenue Yoy: +26%
Total Assets: $1,606.8 million
Cash Position: $47.1 million as of July 31, 2026 (vs $64.8 million as of October 31, 2025)
Gross profit q3: $44.7 million; gross margin 9.9%, down 270 basis points YoY
Avocados sold q3: 252.7 million pounds at an average price of $1.58 per pound
Capex nine months: $32.0 million (vs $39.8 million prior year)
Goodwill increase: $268.3 million (from $39.4 million at October 31, 2025)
Adjusted ebitda q3: $32.4 million (vs $32.6 million prior year); company stated it exceeded expectations
Nine month revenue: $1,019.5 million (vs $1,072.2 million prior year)
Calavo consideration: 17,530,762 shares issued plus approximately $267 million in cash
Adjusted net income q3: $15.0 million (vs $18.2 million prior year)
Avocado price change q3: -9% per unit
Avocado volume growth q3: +38%
Calavo acquisition close date: May 28, 2026
Operating cash flow nine months: -$25.9 million used (vs $21.4 million provided prior year)
Peru exportable production fy26: 120 million to 130 million pounds (vs 105 million pounds in fiscal 2025); approximately 53 million pounds sold through as of Q3 end
Calavo synergy outlook annualized: raised to more than $30 million
Transaction advisory integration costs q3: $12.6 million
Calavo acquisition related costs pretax q3: $25.4 million

Price after filing

1 day: 0.0%7 days: +2.6%30 days: -1.3%

Close on the filing date to close N calendar days later (from $12.68). Historical, not a forecast.

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