Calavo Growers Approves $25 Million Share Buyback

Dow Jones

Mar 19, 2025

By Connor Hart

Calavo Growers' board of directors approved a $25 million share-repurchase program.

The avocado distributor on Tuesday said the buybacks may occur through open-market transactions, privately negotiated deals or trading plans. The program is set to expire in two years, unless extended or terminated earlier by the board.

Chief Executive Lee Cole said the program underscores the company's confidence in its long-term strategy and financial position. "This repurchase program demonstrates our commitment to our shareholders while maintaining our flexibility to invest in strategic growth initiatives and operational improvements," he said.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 18, 2025 16:47 ET (20:47 GMT)

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The program is set to expire in two years, unless extended or terminated earlier by the board.Chief Executive Lee Cole said the program underscores the company's confidence in its long-term strategy and financial position. \"This repurchase program demonstrates our commitment to our shareholders while maintaining our flexibility to invest in strategic growth initiatives and operational improvements,\" he said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4212":"包装食品与肉类","CVGW":"卡拉沃养殖"},"translate_title":"Calavo Growers批准2500万美元股票回购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVGW":1},"content_text":"By Connor Hart \n\n\n \n\n\n  Calavo Growers' board of directors approved a $25 million share-repurchase program. \n\n\n  The avocado distributor on Tuesday said the buybacks may occur through open-market transactions, privately negotiated deals or trading plans. The program is set to expire in two years, unless extended or terminated earlier by the board. \n\n\n  Chief Executive Lee Cole said the program underscores the company's confidence in its long-term strategy and financial position. \"This repurchase program demonstrates our commitment to our shareholders while maintaining our flexibility to invest in strategic growth initiatives and operational improvements,\" he said. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 18, 2025 16:47 ET (20:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,buyback","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}