Mission Produce™ Provides Business Update for the Fiscal 2024 Fourth Quarter

Core Viewpoint - Mission Produce, Inc. anticipates strong financial performance for the fiscal fourth quarter of 2024, driven by its Marketing & Distribution segment and a favorable pricing environment [2][3]. Financial Performance Update - Total revenue for the fiscal fourth quarter is expected to exceed $320 million, up from$257.9 million in the same period last year, primarily due to strong performance in the Marketing & Distribution segment [3]. - Adjusted EBITDA is projected to exceed $28 million, compared to$17.3 million in the same period last year, reflecting improved per-unit margins in the Marketing & Distribution segment [3]. Company Overview - Mission Produce is a global leader in sourcing, producing, and distributing fresh Hass avocados, with additional offerings in mangos and blueberries, servicing customers in over 25 countries [6]. - The company operates four state-of-the-art packing facilities in key growing locations, including California, Mexico, and Peru, and has sourcing capabilities in various countries to ensure a year-round supply of premium fruit [6].