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Earnings per share
9 Months Ended
Jul. 31, 2025
Earnings per share  
Earnings per share

8.

Earnings per share

Basic and diluted net income (loss) per share is calculated as follows (data in thousands, except per share data):

Three months ended July 31,

    

2025

    

2024

Numerator:

Net income from continuing operations

$

4,736

$

5,365

Less: Net (income) loss attributable to noncontrolling interest

(22)

30

Net income from continuing operations attributable to Calavo Growers, Inc.

4,714

5,395

Net loss from discontinued operations (Note 10)

(6,127)

Net income (loss) attributable to Calavo Growers, Inc.

$

4,714

$

(732)

Denominator:

Weighted average shares - Basic

 

17,853

 

17,801

Effect on dilutive securities – Restricted stock/units/options

 

46

 

41

Weighted average shares - Diluted

 

17,899

 

17,842

Net income from continuing operations

Basic

$

0.26

$

0.30

Diluted

$

0.26

$

0.30

Net loss from discontinued operations (Note 10)

Basic

$

$

(0.34)

Diluted

$

$

(0.34)

Net income (loss) per share attributable to Calavo Growers, Inc:

Basic

$

0.26

$

(0.04)

Diluted

$

0.26

$

(0.04)

Nine months ended July 31,

    

2025

    

2024

Numerator:

Net income from continuing operations

$

16,111

$

9,298

Less: Net income attributable to noncontrolling interest

(132)

(17)

Net income from continuing operations attributable to Calavo Growers, Inc.

15,979

9,281

Net loss from discontinued operations (Note 10)

(10,218)

Net income (loss) attributable to Calavo Growers, Inc.

$

15,979

$

(937)

Denominator:

Weighted average shares - Basic

 

17,842

 

17,800

Effect on dilutive securities – Restricted stock/units/options

 

51

 

48

Weighted average shares - Diluted

 

17,893

 

17,848

Net income from continuing operations

Basic

$

0.90

$

0.52

Diluted

$

0.89

$

0.52

Net loss from discontinued operations (Note 10)

Basic

$

$

(0.57)

Diluted

$

$

(0.57)

Net income (loss) per share attributable to Calavo Growers, Inc:

Basic

$

0.90

$

(0.05)

Diluted

$

0.89

$

(0.05)