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Mission Produce, Inc. AVO Goodwill impairment

Discontinued — last reported Q4 '24

Goodwill impairment at other companies

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Universal CorporationUVV
$10.27M

Segments

By segment

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International Farming$49.5M0.0%

Other financials

Income statement

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Revenue$290.9M-23.5%
Gross profit$20.5M-27.8%
Operating income-$7.0M-201%
Net income-$7.2M-332%
EPS (diluted)-$0.10-350%

Balance sheet

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Cash & equivalents$35.1M-10.0%
Total debt$211.3M-12.9%
Total equity$578.6M+4.8%
Total assets$1.0B-0.2%

Cash flow

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Operating cash flow-$18.0M-52.5%
CapEx$11.0M-16.7%
Free cash flow-$29.0M-16.0%

Valuation

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Market cap$1.17B+33.1%
Enterprise value$1.34B+26.5%
P/E51.1×+28.7×
P/S0.9×+0.3×

Profitability

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Gross margin12.3%+1.3pp
Operating margin3.6%-0.9pp
Net margin1.8%-0.8pp
FCF margin2.8%+1.0pp

Returns & leverage

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Return on equity4%-2.9pp
Debt / equity0.4×-0.1×
Current ratio1.9×-0.1×

Where this comes from

Reported directly by Mission Produce, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Mission Produce, Inc.’s 10-K, filed December 19, 2024.

Filed
Dec 19, 2024
Fiscal year
FY2025
Accession
0001802974-24-000053
(In millions, except for per share amounts)Years Ended October 31, 2024Years Ended October 31, 2023Years Ended October 31, 2022
Cost of sales1,082.2870.6956.1
Gross profit152.583.389.8
Selling, general and administrative expenses86.876.477.5
Goodwill impairment49.5
Operating income (loss)65.76.9(37.2)
Interest expense(12.6)(11.6)(5.5)
Equity method income3.74.05.1
Remeasurement gain on acquisition of equity method investee2.0

Item 16. Form 10-K Summary

FAQ

What is Mission Produce, Inc.'s goodwill impairment?
Mission Produce, Inc. (AVO) reported goodwill impairment of $0 in Q3 2024.
What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

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