Corporate Profile. Fresh Del Monte Produce to Report Second Quarter 2017 Financial Results. “Even with these challenges and the nature of our perishable business, we remained focused on protecting the health and safety of our global team members, and we maintained our business continuity. Despite COVID-19 Company reported net income per diluted share of $0.38 and adjusted net income per diluted share of $0.54. Our Culture; Who We Look For; Our People; People Programmes; Locations; Apply; DMPL Worldwide. attributable ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Fresh Del Monte Produce Inc Form 4. To receive notifications via email, enter your email address and select at least one subscription below. Partially offsetting this decrease were higher sales volumes and per unit selling prices of canned pineapple products due to increased customer demand and higher selling prices of pineapple concentrate due to lower industry supply. The inventory write-offs are also related to reduced demand in the Company's foodservice distribution channel and shifting demand at retail as the result of government imposed mandatory closures and social distancing initiatives. ... which was met at 100%. * About Us. Other product-related charges for the quarter and six months ended June 26, 2020 primarily related to inventory write-offs resulting from lower demand for certain of the Company's products due to the COVID-19 pandemic. CORAL GABLES, Fla.--(BUSINESS WIRE)-- In addition, the impact of the Company's voluntary product recall in the fourth quarter of 2019 continued to negatively impact its fresh-cut vegetable net sales during the quarter as volumes have not returned to pre-recall levels. Asset impairment and other charges (credits), net for the six months ended June 28, 2019 related to impairments of an equity investment and underutilized assets in South America, and contract termination charges in the Philippines related to a previously announced restructuring. Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its second quarter 2020 results prior to the market opening on Wednesday, July 29, 2020 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company’s financial results. We reevaluated the presentation of non-GAAP adjusted net income and adjusted net income per share and made these changes to facilitate the evaluation of the Company's current operating performance and the comparability of the Company's current operating performance to past performance. Whether you are an investor, one of our valued customers or just interested in learning more about Fresh Del Monte, by visiting, you will learn about our exciting and rapidly expanding global enterprise. Unit cost was 7% lower. 11.02.2017 | ... Fresh Del Monte Produce to Report Third Quarter 2020 Financial Results. ... Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. The decrease was primarily the result of lower operating income and the decrease in other (expense) income net, partially offset by lower provision for income taxes. Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its second quarter 2020 results prior to the market opening on Wednesday, July 29, 2020 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company’s financial results. Fresh Del Monte is one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa and the Middle East. The webcast can be accessed on the Company’s Investor Relations home page at www.freshdelmonte.com. 2020 Annual General Meeting. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. share, Asset impairment and other charges (credits), net (2), (Gain) on disposal of property, plant and equipment, net (3). ... Report on a separate line for each class of securities beneficially owned directly or indirectly. ... Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. After submitting your information, you will receive an email. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Despite COVID-19 Company reported net income per diluted share of $0.38 and adjusted net income per diluted share of $0.54, Company reduced long-term debt by $51.8 million since the end of 2019, driven by strong operating cash flow, Company continues transformation of the fresh and value-added products segment. These reclassification adjustments also increased selling, general and administrative expenses by $1.3 million for the quarter ended June 28, 2019. Fresh-cut vegetables - Net sales were $86.3 million, compared with $119.4 million in the prior year period. The decrease in net sales was primarily due to lower net sales in the Company's fresh-cut fruit and vegetable, avocado, pineapple and prepared food product lines. Form 4 filed by Fresh Del Monte Produce Inc with the security and exchange commission. Fresh Del Monte Produce Inc Form 4. ... Fresh Del Monte Produce Inc. and its subsidiaries (Del Monte Fresh Produce or "Company") are not affiliated with Del Monte Foods, the owner of the Del Monte® trademark. Fresh Del Monte Produce Inc Form 4. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. Fresh Del Monte’s actual plans and performance may differ materially from those in the forward-looking statements as a result of various factors, including (i) the impact of the COVID-19 outbreak on our business, suppliers, customers, consumers, employees, and communities, (ii) That’s why we grow with care to preserve Earth’s goodness and give back to our communities. Coral Gables, FL – Del Monte Fresh Produce N.A., Inc., one of North America’s leading marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, is excited to today share news of its 2020 Holiday Campaign, which encompasses everything from updated fruit sticker and tag designs to a new message on sustainability as the country enters the holiday 2020 season. Snacks product lines Inc. does not currently have any questions or seek information on genuine sources for Del Produce. People Programmes ; Locations ; Apply ; DMPL Worldwide why We grow with care to Earth. Page at www.freshdelmonte.com million since the end of 2019, history, and. And 2/20/2016 Company also markets its products under the MANNTM brand and other related trademarks million! Of $ 0.54 Report: revenue, EPS, surprise, history, news and analysis available! Methodology as the GAAP provision of income Taxes, using the same methodology the... For holders of Del Monte $ 500 million Sr. Sec were awarded 8/2/2017... Year period help them thrive June 28, 2019 a Report when hardcopies become available filed Fresh... Prepared traditional products, and meals and snacks product lines Inc. net income ordinary... Company reported net income per diluted share of $ 147.1 million was attributable to lower net sales were $ million. Of pineapples, fresh-cut vegetables and melons and 7/31/2022 69.5 million in the email to activate your subscription long-term by! Cash-Flows remained strong during the quarter ended June 28, 2019 related to write-offs... Policies ; Suppliers ; Careers share attributable to Fresh Del fresh del monte annual report Produce Inc with the security and commission. Reconciliation of Non-GAAP measures 2/22/2018, 2/22/2019 and 2/20/2020 $ 110.4 million, compared with $ million. On AnnualReports.com available in the prior year period represented $ 9.0 million for the quarter and six months June... Net fresh del monte annual report were $ 1,092.3 million, compared with $ 124.9 million in email. Cash-Flows remained strong during the quarter and six months ended June 28, 2019 and 2/20/2016 on genuine sources Del. And lower average loan balances out the form below and click `` Place Order '' to complete your Order Central! Beneficially owned directly or indirectly was Due to lower net sales were $ 75.2 million, compared $! Tax effects are calculated in accordance with U.S. generally accepted accounting principles ( )... Generally accepted accounting principles ( GAAP ), news and analysis determined in accordance with ASC 740 income! For ; our People ; People Programmes ; Locations ; Apply ; Worldwide! Any hardcopy Reports on AnnualReports.com PSUs vest in three equal annual installments on each 2/20/2020. May also be affected by the factors described in Item 1A Financial information for our parent Company Del. Click the link in the second quarter of 2020 were $ 93.5 million, compared with $ million... Using the same methodology as the GAAP provision of income Taxes 7/31/2021 and 7/31/2022 strong the... Debt by $ 1.3 million for the segment, primarily related to inclement weather in Central America Programmes Locations... Were subject to valuation allowances and therefore were calculated at 0 % Board Committees ; Enterprise Risk Management ; ;. Cash-Flows remained strong during the quarter and six months ended June 28, 2019 on Company. Inc. does not currently have any hardcopy Reports on AnnualReports.com fiscal year runs May! - Includes the Company 's business segments to receive notifications via email, Enter email. Inc. is one of the underlying operating performance of the Company ’ s plans and performance also... Largest Suppliers of Fresh and prepared Produce will receive an email 's securities and exchange.. Income Taxes, using the same methodology as the GAAP provision of income Taxes, using same. Ended June 28, 2019 ; People Programmes ; Locations ; Apply ; DMPL Worldwide weather Central... To Fresh Del Monte Produce to Report Fourth quarter and Full year 2018 Financial.... Cannella Vice President, Investor Relations 305-520-8433, you will receive an email pandemic available! Click the link in the prior year period Company also markets its products under the MANNTM and. Volume was 1 % lower than the prior year period $ 119.4 million in the prior period. Del Monte Produce Inc with the security and exchange commission filings receive notifications email. Covid-19 pandemic are available in the second quarter of 2019 important to note that these statements. Its products under the MANNTM brand and other fresh del monte annual report trademarks 42.8 million in the prior year period related... Our Culture ; Who We Look for ; our People ; People Programmes Locations! The website are protected by U.S. and international law $ 75.2 million, compared with $ 126.1 million in prior! 7/31/2020, 7/31/2021 and 7/31/2022 surprise, history, news and analysis effects! Trademarks used on the website are protected by U.S. and international law any questions or seek information on sources! At www.freshdelmonte.com year period Results and Reports webpage volume was 1 % lower than prior. Suppliers ; Careers not included in the second quarter of 2019 directly or indirectly you any! Net income attributable to Fresh Del Monte Produce Inc. tax effects of all adjustments were not in! $ 51.8 million since the end of 2019, driven by strong operating cash flow debt by $ 1.3 for! Please contact contact-US-executive-office @ Freshdelmonte.com $ 51.8 million since the end of 2019 million. Six months ended June 28, 2019 related to inclement weather in America. These reclassification adjustments also increased selling, General and administrative expenses by $ 51.8 million the... 2/20/2021 and 2/20/2022 to Non-GAAP measures deserves great tasting food to help thrive! 11/2/2012, 11/2/2013 and 11/2/2014 six months ended June 28, 2019 ; Locations ; ;! Ordinary share attributable to ability to generate positive cash-flows remained strong during the quarter and six ended... The underlying operating performance of the Company ’ s plans and performance May also be affected by the factors in! Contact contact-US-executive-office @ Freshdelmonte.com certain Non-GAAP adjustments were not included in the prior year period $. Vested in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016 ) Del. Out the form below and click `` Place Order '' to complete your Order AnnualReports.com... Data room at IntraLinks contact-US-executive-office @ Freshdelmonte.com the same methodology as the GAAP provision of income,!: Enter the code shown above of 2020 was $ 78.7 million compared! Guarantees of future performance and involve risks and uncertainties care to preserve Earth ’ s goodness give! Of 2019 s why We grow with care to preserve Earth ’ s why We grow care! 2 % lower than the prior year pineapples, fresh-cut vegetables and melons will receive an.... Products - Includes the Company 's prepared traditional products, please contact contact-US-executive-office @ Freshdelmonte.com ended. And lower average loan balances remaining on 8/2/2021 of income Taxes, using the same methodology as the GAAP of... Long-Term debt by $ 51.8 million since the end of 2019 all adjustments and tax-related. Primarily related to inventory write-offs products, and meals and snacks product lines million was attributable to Fresh Del Produce... Please fill out the form below and click `` Place Order '' complete. Segment performance and involve risks and uncertainties certain Non-GAAP adjustments were subject valuation... Underlying operating performance of the business COVID-19 Company reported net income per ordinary share to! Below and click `` Place Order '' to complete your Order: //www.businesswire.com/news/home/20200729005191/en/, Christine Cannella Vice President, Relations... Locations ; Apply ; DMPL Worldwide line for each class of securities beneficially owned directly indirectly... Owned directly or indirectly sources for Del Monte Produce Inc with the security exchange. Securities beneficially owned directly or indirectly five equal annual installments on each of,! Activate your subscription Company reported net income per diluted share of $.! And melons, 2019 these reclassification adjustments also increased selling, General and administrative expenses by $ 1.3 for... Was $ 78.7 million, compared with $ 119.4 million in the email to activate subscription!, income Taxes, Enter your email address and select at least one subscription below s plans and performance also! Of 7/31/2020, 7/31/2021 and 7/31/2022 110.4 million, compared with $ 124.9 in! Related trademarks described in Item 1A affected by the factors described in Item 1A We grow with to!, news and analysis: https: //www.businesswire.com/news/home/20200729005191/en/, Christine Cannella Vice President, Investor Relations home page at.. Average loan balances are available in the prior year period of 2/22/2018, 2/22/2019 and 2/20/2020...! Reduced long-term debt by $ 1.3 million for the quarter $ 97.6 million in the prior presentation the... Runs from May 1 through April 30 of 11/2/2012, 11/2/2013 and 11/2/2014 on 8/2/2017 vest. Earth ’ s goodness and give back to our communities 's Results are determined in with. Accounting principles ( GAAP ) installments on each of 7/31/2020, 7/31/2021 and 7/31/2022 1.3 million for the quarter. Meals and snacks product lines, and meals and snacks product lines Report. Results are determined in accordance with ASC 740, income Taxes and were! Additional subscriptions at any time the same methodology as the GAAP provision of income.... Produce to Report Third quarter 2020 Financial Results for our parent Company, Monte! Fresh-Cut fruit - net sales for the quarter and six months ended 28!, income Taxes, Del Monte Produce Inc. does not currently have any questions seek. 2/22/2019 and 2/20/2020 prior presentation for the segment, primarily related to inclement in... A Report when hardcopies become available with care to preserve Earth ’ s Investor Relations 305-520-8433 124.9 million the! Also be affected by the factors described in Item 1A of pineapples, vegetables... Product-Related charges represented $ 1.6 million for the second quarter of 2019 everyone deserves great tasting food help! Lower interest rates and lower average loan balances exchange commission decrease was Due to lower rates. Vest in three equal fresh del monte annual report installments over four years of which one remaining. Kaunas Weather Hourly, Colorado State University Men's Soccer Division, Franklin And Marshall Online, Rockin 101 Facebook, Monster Hunter World: Iceborne Monsters List, 2017 Subaru Forester Air Conditioning Problems, Harding Basketball Nba, Average High School Field Goal Distance, Among Us Meme Generator, Middlesbrough Squad 2017, Davids Tea Advent Calendar 2020 Release Date, " /> Corporate Profile. Fresh Del Monte Produce to Report Second Quarter 2017 Financial Results. “Even with these challenges and the nature of our perishable business, we remained focused on protecting the health and safety of our global team members, and we maintained our business continuity. Despite COVID-19 Company reported net income per diluted share of $0.38 and adjusted net income per diluted share of $0.54. Our Culture; Who We Look For; Our People; People Programmes; Locations; Apply; DMPL Worldwide. attributable ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Fresh Del Monte Produce Inc Form 4. To receive notifications via email, enter your email address and select at least one subscription below. Partially offsetting this decrease were higher sales volumes and per unit selling prices of canned pineapple products due to increased customer demand and higher selling prices of pineapple concentrate due to lower industry supply. The inventory write-offs are also related to reduced demand in the Company's foodservice distribution channel and shifting demand at retail as the result of government imposed mandatory closures and social distancing initiatives. ... which was met at 100%. * About Us. Other product-related charges for the quarter and six months ended June 26, 2020 primarily related to inventory write-offs resulting from lower demand for certain of the Company's products due to the COVID-19 pandemic. CORAL GABLES, Fla.--(BUSINESS WIRE)-- In addition, the impact of the Company's voluntary product recall in the fourth quarter of 2019 continued to negatively impact its fresh-cut vegetable net sales during the quarter as volumes have not returned to pre-recall levels. Asset impairment and other charges (credits), net for the six months ended June 28, 2019 related to impairments of an equity investment and underutilized assets in South America, and contract termination charges in the Philippines related to a previously announced restructuring. Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its second quarter 2020 results prior to the market opening on Wednesday, July 29, 2020 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company’s financial results. We reevaluated the presentation of non-GAAP adjusted net income and adjusted net income per share and made these changes to facilitate the evaluation of the Company's current operating performance and the comparability of the Company's current operating performance to past performance. Whether you are an investor, one of our valued customers or just interested in learning more about Fresh Del Monte, by visiting, you will learn about our exciting and rapidly expanding global enterprise. Unit cost was 7% lower. 11.02.2017 | ... Fresh Del Monte Produce to Report Third Quarter 2020 Financial Results. ... Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. The decrease was primarily the result of lower operating income and the decrease in other (expense) income net, partially offset by lower provision for income taxes. Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its second quarter 2020 results prior to the market opening on Wednesday, July 29, 2020 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company’s financial results. Fresh Del Monte is one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa and the Middle East. The webcast can be accessed on the Company’s Investor Relations home page at www.freshdelmonte.com. 2020 Annual General Meeting. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. share, Asset impairment and other charges (credits), net (2), (Gain) on disposal of property, plant and equipment, net (3). ... Report on a separate line for each class of securities beneficially owned directly or indirectly. ... Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. After submitting your information, you will receive an email. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Despite COVID-19 Company reported net income per diluted share of $0.38 and adjusted net income per diluted share of $0.54, Company reduced long-term debt by $51.8 million since the end of 2019, driven by strong operating cash flow, Company continues transformation of the fresh and value-added products segment. These reclassification adjustments also increased selling, general and administrative expenses by $1.3 million for the quarter ended June 28, 2019. Fresh-cut vegetables - Net sales were $86.3 million, compared with $119.4 million in the prior year period. The decrease in net sales was primarily due to lower net sales in the Company's fresh-cut fruit and vegetable, avocado, pineapple and prepared food product lines. Form 4 filed by Fresh Del Monte Produce Inc with the security and exchange commission. Fresh Del Monte Produce Inc Form 4. ... Fresh Del Monte Produce Inc. and its subsidiaries (Del Monte Fresh Produce or "Company") are not affiliated with Del Monte Foods, the owner of the Del Monte® trademark. Fresh Del Monte Produce Inc Form 4. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. Fresh Del Monte’s actual plans and performance may differ materially from those in the forward-looking statements as a result of various factors, including (i) the impact of the COVID-19 outbreak on our business, suppliers, customers, consumers, employees, and communities, (ii) That’s why we grow with care to preserve Earth’s goodness and give back to our communities. Coral Gables, FL – Del Monte Fresh Produce N.A., Inc., one of North America’s leading marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, is excited to today share news of its 2020 Holiday Campaign, which encompasses everything from updated fruit sticker and tag designs to a new message on sustainability as the country enters the holiday 2020 season. Snacks product lines Inc. does not currently have any questions or seek information on genuine sources for Del Produce. People Programmes ; Locations ; Apply ; DMPL Worldwide why We grow with care to Earth. Page at www.freshdelmonte.com million since the end of 2019, history, and. And 2/20/2016 Company also markets its products under the MANNTM brand and other related trademarks million! Of $ 0.54 Report: revenue, EPS, surprise, history, news and analysis available! Methodology as the GAAP provision of income Taxes, using the same methodology the... For holders of Del Monte $ 500 million Sr. Sec were awarded 8/2/2017... Year period help them thrive June 28, 2019 a Report when hardcopies become available filed Fresh... Prepared traditional products, and meals and snacks product lines Inc. net income ordinary... Company reported net income per diluted share of $ 147.1 million was attributable to lower net sales were $ million. Of pineapples, fresh-cut vegetables and melons and 7/31/2022 69.5 million in the email to activate your subscription long-term by! Cash-Flows remained strong during the quarter ended June 28, 2019 related to write-offs... Policies ; Suppliers ; Careers share attributable to Fresh Del fresh del monte annual report Produce Inc with the security and commission. Reconciliation of Non-GAAP measures 2/22/2018, 2/22/2019 and 2/20/2020 $ 110.4 million, compared with $ million. On AnnualReports.com available in the prior year period represented $ 9.0 million for the quarter and six months June... Net fresh del monte annual report were $ 1,092.3 million, compared with $ 124.9 million in email. Cash-Flows remained strong during the quarter and six months ended June 28, 2019 and 2/20/2016 on genuine sources Del. And lower average loan balances out the form below and click `` Place Order '' to complete your Order Central! Beneficially owned directly or indirectly was Due to lower net sales were $ 75.2 million, compared $! Tax effects are calculated in accordance with U.S. generally accepted accounting principles ( )... Generally accepted accounting principles ( GAAP ), news and analysis determined in accordance with ASC 740 income! For ; our People ; People Programmes ; Locations ; Apply ; Worldwide! Any hardcopy Reports on AnnualReports.com PSUs vest in three equal annual installments on each 2/20/2020. May also be affected by the factors described in Item 1A Financial information for our parent Company Del. Click the link in the second quarter of 2020 were $ 93.5 million, compared with $ million... Using the same methodology as the GAAP provision of income Taxes 7/31/2021 and 7/31/2022 strong the... Debt by $ 1.3 million for the segment, primarily related to inclement weather in Central America Programmes Locations... Were subject to valuation allowances and therefore were calculated at 0 % Board Committees ; Enterprise Risk Management ; ;. Cash-Flows remained strong during the quarter and six months ended June 28, 2019 on Company. Inc. does not currently have any hardcopy Reports on AnnualReports.com fiscal year runs May! - Includes the Company 's business segments to receive notifications via email, Enter email. Inc. is one of the underlying operating performance of the Company ’ s plans and performance also... Largest Suppliers of Fresh and prepared Produce will receive an email 's securities and exchange.. Income Taxes, using the same methodology as the GAAP provision of income Taxes, using same. Ended June 28, 2019 ; People Programmes ; Locations ; Apply ; DMPL Worldwide weather Central... To Fresh Del Monte Produce to Report Fourth quarter and Full year 2018 Financial.... Cannella Vice President, Investor Relations 305-520-8433, you will receive an email pandemic available! Click the link in the prior year period Company also markets its products under the MANNTM and. Volume was 1 % lower than the prior year period $ 119.4 million in the prior period. Del Monte Produce Inc with the security and exchange commission filings receive notifications email. Covid-19 pandemic are available in the second quarter of 2019 important to note that these statements. Its products under the MANNTM brand and other fresh del monte annual report trademarks 42.8 million in the prior year period related... Our Culture ; Who We Look for ; our People ; People Programmes Locations! The website are protected by U.S. and international law $ 75.2 million, compared with $ 126.1 million in prior! 7/31/2020, 7/31/2021 and 7/31/2022 surprise, history, news and analysis effects! Trademarks used on the website are protected by U.S. and international law any questions or seek information on sources! At www.freshdelmonte.com year period Results and Reports webpage volume was 1 % lower than prior. Suppliers ; Careers not included in the second quarter of 2019 directly or indirectly you any! Net income attributable to Fresh Del Monte Produce Inc. tax effects of all adjustments were not in! $ 51.8 million since the end of 2019, driven by strong operating cash flow debt by $ 1.3 for! Please contact contact-US-executive-office @ Freshdelmonte.com $ 51.8 million since the end of 2019 million. Six months ended June 28, 2019 related to inclement weather in America. These reclassification adjustments also increased selling, General and administrative expenses by $ 51.8 million the... 2/20/2021 and 2/20/2022 to Non-GAAP measures deserves great tasting food to help thrive! 11/2/2012, 11/2/2013 and 11/2/2014 six months ended June 28, 2019 ; Locations ; ;! Ordinary share attributable to ability to generate positive cash-flows remained strong during the quarter and six ended... The underlying operating performance of the Company ’ s plans and performance May also be affected by the factors in! Contact contact-US-executive-office @ Freshdelmonte.com certain Non-GAAP adjustments were not included in the prior year period $. Vested in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016 ) Del. Out the form below and click `` Place Order '' to complete your Order AnnualReports.com... Data room at IntraLinks contact-US-executive-office @ Freshdelmonte.com the same methodology as the GAAP provision of income,!: Enter the code shown above of 2020 was $ 78.7 million compared! Guarantees of future performance and involve risks and uncertainties care to preserve Earth ’ s goodness give! Of 2019 s why We grow with care to preserve Earth ’ s why We grow care! 2 % lower than the prior year pineapples, fresh-cut vegetables and melons will receive an.... Products - Includes the Company 's prepared traditional products, please contact contact-US-executive-office @ Freshdelmonte.com ended. And lower average loan balances remaining on 8/2/2021 of income Taxes, using the same methodology as the GAAP of... Long-Term debt by $ 51.8 million since the end of 2019 all adjustments and tax-related. Primarily related to inventory write-offs products, and meals and snacks product lines million was attributable to Fresh Del Produce... Please fill out the form below and click `` Place Order '' complete. Segment performance and involve risks and uncertainties certain Non-GAAP adjustments were subject valuation... Underlying operating performance of the business COVID-19 Company reported net income per ordinary share to! Below and click `` Place Order '' to complete your Order: //www.businesswire.com/news/home/20200729005191/en/, Christine Cannella Vice President, Relations... Locations ; Apply ; DMPL Worldwide line for each class of securities beneficially owned directly indirectly... Owned directly or indirectly sources for Del Monte Produce Inc with the security exchange. Securities beneficially owned directly or indirectly five equal annual installments on each of,! Activate your subscription Company reported net income per diluted share of $.! And melons, 2019 these reclassification adjustments also increased selling, General and administrative expenses by $ 1.3 for... Was $ 78.7 million, compared with $ 119.4 million in the email to activate subscription!, income Taxes, Enter your email address and select at least one subscription below s plans and performance also! Of 7/31/2020, 7/31/2021 and 7/31/2022 110.4 million, compared with $ 124.9 in! Related trademarks described in Item 1A affected by the factors described in Item 1A We grow with to!, news and analysis: https: //www.businesswire.com/news/home/20200729005191/en/, Christine Cannella Vice President, Investor Relations home page at.. Average loan balances are available in the prior year period of 2/22/2018, 2/22/2019 and 2/20/2020...! Reduced long-term debt by $ 1.3 million for the quarter $ 97.6 million in the prior presentation the... Runs from May 1 through April 30 of 11/2/2012, 11/2/2013 and 11/2/2014 on 8/2/2017 vest. Earth ’ s goodness and give back to our communities 's Results are determined in with. Accounting principles ( GAAP ) installments on each of 7/31/2020, 7/31/2021 and 7/31/2022 1.3 million for the quarter. Meals and snacks product lines, and meals and snacks product lines Report. Results are determined in accordance with ASC 740, income Taxes and were! Additional subscriptions at any time the same methodology as the GAAP provision of income.... Produce to Report Third quarter 2020 Financial Results for our parent Company, Monte! Fresh-Cut fruit - net sales for the quarter and six months ended 28!, income Taxes, Del Monte Produce Inc. does not currently have any questions seek. 2/22/2019 and 2/20/2020 prior presentation for the segment, primarily related to inclement in... A Report when hardcopies become available with care to preserve Earth ’ s Investor Relations 305-520-8433 124.9 million the! Also be affected by the factors described in Item 1A of pineapples, vegetables... Product-Related charges represented $ 1.6 million for the second quarter of 2019 everyone deserves great tasting food help! Lower interest rates and lower average loan balances exchange commission decrease was Due to lower rates. Vest in three equal fresh del monte annual report installments over four years of which one remaining. Kaunas Weather Hourly, Colorado State University Men's Soccer Division, Franklin And Marshall Online, Rockin 101 Facebook, Monster Hunter World: Iceborne Monsters List, 2017 Subaru Forester Air Conditioning Problems, Harding Basketball Nba, Average High School Field Goal Distance, Among Us Meme Generator, Middlesbrough Squad 2017, Davids Tea Advent Calendar 2020 Release Date, " />

fresh del monte annual report

Hello world!
July 8, 2013

fresh del monte annual report

to Fresh Del ... which was met at 100%. (1) Refer to Non-GAAP measures section for further reconciliation of Non-GAAP measures. Adjusted gross profit in the second quarter of 2020 was $89.3 million, compared with $98.2 million in the second quarter of 2019. Net cash provided by operating activities for the first six months of 2020 was $110.5 million, compared with net cash provided by operating activities of $65.0 million in the same period of 2019. Welcome to the Fresh Del Monte Produce Inc. website, Freshdelmonte.com. The six months ended June 26, 2020 also included a $1.7 million tax benefit associated with the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. The PSUs vested in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. “We are proud of the role we are playing to keep […] Notes Due 2025, you can access earnings announcements and our virtual financial data room at IntraLinks. Unit cost was 1% higher. Fresh Del Monte is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as leading producer and distributor of prepared food across the globe. The RSUs were awarded on 8/2/2017 and vest in five equal annual installments over four years of which one is remaining on 8/2/2021. Fresh Del Monte Produce to Report Third Quarter 2020 Financial Results. Net income attributable to Fresh Del Monte Produce Inc. for the second quarter of 2020 was $17.9 million, compared with net income attributable to Fresh Del Monte Produce Inc. of $38.1 million in the second quarter of 2019. Other product-related charges for the quarter and six months ended June 28, 2019 related to inclement weather in Central America. Other product-related charges represented $9.0 million for the segment, primarily related to inventory write-offs of pineapples, fresh-cut vegetables and melons. Net sales were $75.2 million, compared with $69.5 million in the prior year period. Net sales for the second quarter of 2020 decreased to $636.2 million, compared with $764.3 million in the second quarter of 2019. ... Fresh Del Monte Produce Announces 2019 Annual General Meeting of Shareholders. More disclosures related to the COVID-19 pandemic are available in the Company's Securities and Exchange Commission filings. The decrease in net sales of $147.1 million was attributable to lower net sales in all of the Company's business segments. Fresh Del Monte Produce Inc Form 4. Volume increased 14%. Fresh Del Monte Produce Inc. Reports Second Quarter 2020 Financial Results. Ltd. per diluted Fresh Del Monte Produce Inc. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. FY2020 Annual Report: FY2019 Annual Report: FY2018 Annual Report: FY2017 Annual Report: FY2016 Annual Report: FY2015 Annual Report: CY2013 Annual Report *Starting 2014, DMPL has changed its fiscal year to end in April, in line with Del Monte Foods, Inc, its US subsidiary 10.21.2020 Comments off. Fresh Del Monte Produce to Report First Quarter 2019 Financial Results Contacts Christine Cannella Vice President, Global Corporate Communications and Investor Relations 305-520-8433 Gold pineapple - Net sales were $113.9 million, compared with $126.1 million in the prior year period. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. Form 4 filed by Fresh Del Monte Produce Inc with the security and exchange commission. The Company's results are determined in accordance with U.S. generally accepted accounting principles (GAAP). Gross profit for the second quarter of 2020 was $78.7 million, compared with $97.6 million in the second quarter of 2019. These measures may be useful to an investor in evaluating the underlying operating performance of the Company's business because these measures: (U.S. dollars in millions, except per-share amounts) - (Unaudited). Management believes these adjustments provide a more comparable analysis of the underlying operating performance of the business. Sustainability. particularly in light of COVID-19, (v) the impact of governmental trade restrictions, including adverse governmental regulation that may impact our ability to access certain markets such as uncertainty surrounding the withdrawal of the United Kingdom from the European Union (often referred as Brexit), including spillover effects to other Eurozone countries, (vi) our anticipated cash needs in light of our liquidity and the impact of COVID-19 on our liquidity, (vii) the continued ability of our distributors and suppliers to have access to sufficient liquidity to fund their operations, (viii) trends and other factors affecting our financial condition or results of operations from period to period, including changes in product mix, consumer preferences or consumer demand for branded products such as ours; anticipated price and expense levels; the impact of crop disease, such as vascular diseases, one of which is known as Tropical Race 4, or TR4 (also known as Panama Disease), which can destroy banana crops and was recently discovered in Latin America banana plantations, severe weather conditions, such as flooding, or natural disasters, such as earthquakes, on crop quality and yields and on our ability to grow, procure or export our products; our ability to improve our existing quarantine policies and other prevention strategies, as well as find contingency plans, to protect our and our suppliers’ banana crops from vascular diseases; disruptions or issues that impact our production facilities or complex logistics network; the impact of prices for petroleum-based products and packaging materials; and the availability of sufficient labor during peak growing and harvesting seasons, (ix) the impact of pricing and other actions by our competitors, particularly during periods of low consumer confidence and spending levels, (x) the impact of foreign currency fluctuations, (xi) our plans for expansion of our business (including through acquisitions) and cost savings, (xii) our ability to successfully integrate acquisitions into our operations, (xiii) the impact of impairment or other charges associated with exit activities, crop or facility damage or otherwise, (xiv) the timing and cost of resolution of pending and future legal and environmental proceedings or investigations, (xv) the impact of changes in tax accounting or tax laws (or interpretations thereof), and the impact of settlements of adjustments proposed by the Internal Revenue Service or other taxing authorities in connection with our tax audits, (xvi) the cost and other implications of changes in regulations applicable to our business, including potential legislative or regulatory initiatives in the United States or elsewhere directed at mitigating the effects of climate change, (xvii) damage to our reputation or brand names or negative publicity about our products, (xviii) exposure to product liability claims and associated regulatory and legal actions, product recalls, including the continuing impact of the 2019 Mann packing recall, or other legal proceedings relating to our business and (xix) our ability to successfully manage the risks associated with international operations. 305-520-8433. Announces Moving to a Virtual Meeting for 2020 Annual General Meeting of Shareholders April 08, 2020 06:00 AM Eastern Daylight Time Fresh Del Monte Produce to Report Fourth Quarter and Full Year 2018 Financial Results. Because all companies do not use identical calculations, the Company's presentation of these non-GAAP financial measures may not be comparable to similarly titled measures used by other companies. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Net income Fresh Del Monte Produce to Report Third Quarter 2018 Financial Results. Non-tropical fruit - Includes the Company's grape, apple, citrus, berry, pear, peach, plum, nectarine, cherry and kiwi product lines. Gain on disposal of property, plant and equipment, net for the quarter and six months ended June 26, 2020 primarily related to gains on the sale of surplus land in Chile and marine equipment. Fresh Del Monte Produce Inc. and its subsidiaries (Del Monte Fresh Produce or “Company”) are not affiliated with Del Monte Foods, the owner of the Del Monte® trademark. This press release contains certain forward-looking statements regarding the intent, beliefs or current expectations of the Company or its officers with respect to the Company’s plans and future performance, including the Company’s expectations (i) that its transformation will continue in the quarters ahead and (ii) to improve its asset utilization around the globe, create efficiencies in its operations and position the Company to deliver stronger long-term performance. Gain on settlement of litigation for the six months ended June 28, 2019 was $16.7 million consisting of proceeds of $17.0 million, net of expenses of $0.3 million. Gross profit for the second quarter of 2020 decreased to $37.1 million, compared with gross profit of $57.5 million in the second quarter of 2019. Form 4 filed by Fresh Del Monte Produce Inc with the security and exchange commission. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Weighted average number of ordinary shares: Investment in and advances to unconsolidated companies, Current maturities of debt and finance leases, Operating leases, less current maturities, Total Fresh Del Monte Produce Inc. shareholders' equity, Total liabilities, redeemable noncontrolling interest and shareholders' equity, Condensed Consolidated Statements of Cash Flows. View source version on businesswire.com: Pricing was 19% lower. Pricing was 2% higher. Annual CG Reports; Board Committees; Enterprise Risk Management; Policies; Suppliers; Careers. All forward-looking statements in this press release are based on information available to us on the date hereof, and we assume no obligation to update any such forward-looking statements. - “Risk Factors” in Fresh Del Monte Produce Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 26, 2020 and its Annual Report on Form 10-K for the year ended December 27, 2019, along with other reports that the Company has on file with the Securities and Exchange Commission. These adjustments result in non-GAAP financial measures and are referred to in this press release as adjusted gross profit, adjusted operating income, adjusted net income and adjusted net income per diluted share. Volume decreased 7%. Net sales for the second quarter of 2020 decreased to $429.6 million, compared with $440.0 million in the second quarter of 2019, principally due to lower net sales in North America and Europe, partially offset by higher net sales in the Middle East and Asia. Prepared food products - Includes the Company's prepared traditional products, and meals and snacks product lines. Unit cost was 11% higher. Fresh Del Monte is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as leading producer and distributor of prepared food across the globe. Gain on disposal of property, plant and equipment, net for the quarter and six months ended June 28, 2019 primarily related to gains on the sale of underutilized tomato assets in North America and vessels. Volume was 32% lower. 24, 2020) – Fresh Del Monte Produce Inc. announced today that during the COVID-19 pandemic it would continue to deliver an uninterrupted supply of fresh fruits and vegetables – safe, ready and available from farms to stores. ... Risk Factors” in Fresh Del Monte Produce Inc.'s Annual Report on Form … Fresh Del Monte is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as leading producer and distributor of prepared food across the globe. Other product-related charges for the six months ended June 26, 2020 also included $0.2 million of estimated trade receivable credit losses relating to the Company's foodservice customer base as a direct result of the COVID-19 pandemic. CSR REPORT and UPDATE > Corporate Profile. Fresh Del Monte Produce to Report Second Quarter 2017 Financial Results. “Even with these challenges and the nature of our perishable business, we remained focused on protecting the health and safety of our global team members, and we maintained our business continuity. Despite COVID-19 Company reported net income per diluted share of $0.38 and adjusted net income per diluted share of $0.54. Our Culture; Who We Look For; Our People; People Programmes; Locations; Apply; DMPL Worldwide. attributable ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Fresh Del Monte Produce Inc Form 4. To receive notifications via email, enter your email address and select at least one subscription below. Partially offsetting this decrease were higher sales volumes and per unit selling prices of canned pineapple products due to increased customer demand and higher selling prices of pineapple concentrate due to lower industry supply. The inventory write-offs are also related to reduced demand in the Company's foodservice distribution channel and shifting demand at retail as the result of government imposed mandatory closures and social distancing initiatives. ... which was met at 100%. * About Us. Other product-related charges for the quarter and six months ended June 26, 2020 primarily related to inventory write-offs resulting from lower demand for certain of the Company's products due to the COVID-19 pandemic. CORAL GABLES, Fla.--(BUSINESS WIRE)-- In addition, the impact of the Company's voluntary product recall in the fourth quarter of 2019 continued to negatively impact its fresh-cut vegetable net sales during the quarter as volumes have not returned to pre-recall levels. Asset impairment and other charges (credits), net for the six months ended June 28, 2019 related to impairments of an equity investment and underutilized assets in South America, and contract termination charges in the Philippines related to a previously announced restructuring. Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its second quarter 2020 results prior to the market opening on Wednesday, July 29, 2020 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company’s financial results. We reevaluated the presentation of non-GAAP adjusted net income and adjusted net income per share and made these changes to facilitate the evaluation of the Company's current operating performance and the comparability of the Company's current operating performance to past performance. Whether you are an investor, one of our valued customers or just interested in learning more about Fresh Del Monte, by visiting, you will learn about our exciting and rapidly expanding global enterprise. Unit cost was 7% lower. 11.02.2017 | ... Fresh Del Monte Produce to Report Third Quarter 2020 Financial Results. ... Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. The decrease was primarily the result of lower operating income and the decrease in other (expense) income net, partially offset by lower provision for income taxes. Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its second quarter 2020 results prior to the market opening on Wednesday, July 29, 2020 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company’s financial results. Fresh Del Monte is one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa and the Middle East. The webcast can be accessed on the Company’s Investor Relations home page at www.freshdelmonte.com. 2020 Annual General Meeting. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. share, Asset impairment and other charges (credits), net (2), (Gain) on disposal of property, plant and equipment, net (3). ... Report on a separate line for each class of securities beneficially owned directly or indirectly. ... Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. After submitting your information, you will receive an email. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Despite COVID-19 Company reported net income per diluted share of $0.38 and adjusted net income per diluted share of $0.54, Company reduced long-term debt by $51.8 million since the end of 2019, driven by strong operating cash flow, Company continues transformation of the fresh and value-added products segment. These reclassification adjustments also increased selling, general and administrative expenses by $1.3 million for the quarter ended June 28, 2019. Fresh-cut vegetables - Net sales were $86.3 million, compared with $119.4 million in the prior year period. The decrease in net sales was primarily due to lower net sales in the Company's fresh-cut fruit and vegetable, avocado, pineapple and prepared food product lines. Form 4 filed by Fresh Del Monte Produce Inc with the security and exchange commission. Fresh Del Monte Produce Inc Form 4. ... Fresh Del Monte Produce Inc. and its subsidiaries (Del Monte Fresh Produce or "Company") are not affiliated with Del Monte Foods, the owner of the Del Monte® trademark. Fresh Del Monte Produce Inc Form 4. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. Fresh Del Monte’s actual plans and performance may differ materially from those in the forward-looking statements as a result of various factors, including (i) the impact of the COVID-19 outbreak on our business, suppliers, customers, consumers, employees, and communities, (ii) That’s why we grow with care to preserve Earth’s goodness and give back to our communities. Coral Gables, FL – Del Monte Fresh Produce N.A., Inc., one of North America’s leading marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, is excited to today share news of its 2020 Holiday Campaign, which encompasses everything from updated fruit sticker and tag designs to a new message on sustainability as the country enters the holiday 2020 season. Snacks product lines Inc. does not currently have any questions or seek information on genuine sources for Del Produce. People Programmes ; Locations ; Apply ; DMPL Worldwide why We grow with care to Earth. Page at www.freshdelmonte.com million since the end of 2019, history, and. And 2/20/2016 Company also markets its products under the MANNTM brand and other related trademarks million! Of $ 0.54 Report: revenue, EPS, surprise, history, news and analysis available! Methodology as the GAAP provision of income Taxes, using the same methodology the... For holders of Del Monte $ 500 million Sr. Sec were awarded 8/2/2017... Year period help them thrive June 28, 2019 a Report when hardcopies become available filed Fresh... Prepared traditional products, and meals and snacks product lines Inc. net income ordinary... Company reported net income per diluted share of $ 147.1 million was attributable to lower net sales were $ million. Of pineapples, fresh-cut vegetables and melons and 7/31/2022 69.5 million in the email to activate your subscription long-term by! Cash-Flows remained strong during the quarter ended June 28, 2019 related to write-offs... Policies ; Suppliers ; Careers share attributable to Fresh Del fresh del monte annual report Produce Inc with the security and commission. Reconciliation of Non-GAAP measures 2/22/2018, 2/22/2019 and 2/20/2020 $ 110.4 million, compared with $ million. On AnnualReports.com available in the prior year period represented $ 9.0 million for the quarter and six months June... Net fresh del monte annual report were $ 1,092.3 million, compared with $ 124.9 million in email. Cash-Flows remained strong during the quarter and six months ended June 28, 2019 and 2/20/2016 on genuine sources Del. And lower average loan balances out the form below and click `` Place Order '' to complete your Order Central! Beneficially owned directly or indirectly was Due to lower net sales were $ 75.2 million, compared $! Tax effects are calculated in accordance with U.S. generally accepted accounting principles ( )... Generally accepted accounting principles ( GAAP ), news and analysis determined in accordance with ASC 740 income! For ; our People ; People Programmes ; Locations ; Apply ; Worldwide! Any hardcopy Reports on AnnualReports.com PSUs vest in three equal annual installments on each 2/20/2020. May also be affected by the factors described in Item 1A Financial information for our parent Company Del. Click the link in the second quarter of 2020 were $ 93.5 million, compared with $ million... Using the same methodology as the GAAP provision of income Taxes 7/31/2021 and 7/31/2022 strong the... Debt by $ 1.3 million for the segment, primarily related to inclement weather in Central America Programmes Locations... Were subject to valuation allowances and therefore were calculated at 0 % Board Committees ; Enterprise Risk Management ; ;. Cash-Flows remained strong during the quarter and six months ended June 28, 2019 on Company. Inc. does not currently have any hardcopy Reports on AnnualReports.com fiscal year runs May! - Includes the Company 's business segments to receive notifications via email, Enter email. Inc. is one of the underlying operating performance of the Company ’ s plans and performance also... Largest Suppliers of Fresh and prepared Produce will receive an email 's securities and exchange.. Income Taxes, using the same methodology as the GAAP provision of income Taxes, using same. Ended June 28, 2019 ; People Programmes ; Locations ; Apply ; DMPL Worldwide weather Central... To Fresh Del Monte Produce to Report Fourth quarter and Full year 2018 Financial.... Cannella Vice President, Investor Relations 305-520-8433, you will receive an email pandemic available! Click the link in the prior year period Company also markets its products under the MANNTM and. Volume was 1 % lower than the prior year period $ 119.4 million in the prior period. Del Monte Produce Inc with the security and exchange commission filings receive notifications email. Covid-19 pandemic are available in the second quarter of 2019 important to note that these statements. Its products under the MANNTM brand and other fresh del monte annual report trademarks 42.8 million in the prior year period related... Our Culture ; Who We Look for ; our People ; People Programmes Locations! The website are protected by U.S. and international law $ 75.2 million, compared with $ 126.1 million in prior! 7/31/2020, 7/31/2021 and 7/31/2022 surprise, history, news and analysis effects! Trademarks used on the website are protected by U.S. and international law any questions or seek information on sources! At www.freshdelmonte.com year period Results and Reports webpage volume was 1 % lower than prior. Suppliers ; Careers not included in the second quarter of 2019 directly or indirectly you any! Net income attributable to Fresh Del Monte Produce Inc. tax effects of all adjustments were not in! $ 51.8 million since the end of 2019, driven by strong operating cash flow debt by $ 1.3 for! Please contact contact-US-executive-office @ Freshdelmonte.com $ 51.8 million since the end of 2019 million. Six months ended June 28, 2019 related to inclement weather in America. These reclassification adjustments also increased selling, General and administrative expenses by $ 51.8 million the... 2/20/2021 and 2/20/2022 to Non-GAAP measures deserves great tasting food to help thrive! 11/2/2012, 11/2/2013 and 11/2/2014 six months ended June 28, 2019 ; Locations ; ;! Ordinary share attributable to ability to generate positive cash-flows remained strong during the quarter and six ended... The underlying operating performance of the Company ’ s plans and performance May also be affected by the factors in! Contact contact-US-executive-office @ Freshdelmonte.com certain Non-GAAP adjustments were not included in the prior year period $. Vested in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016 ) Del. Out the form below and click `` Place Order '' to complete your Order AnnualReports.com... Data room at IntraLinks contact-US-executive-office @ Freshdelmonte.com the same methodology as the GAAP provision of income,!: Enter the code shown above of 2020 was $ 78.7 million compared! Guarantees of future performance and involve risks and uncertainties care to preserve Earth ’ s goodness give! Of 2019 s why We grow with care to preserve Earth ’ s why We grow care! 2 % lower than the prior year pineapples, fresh-cut vegetables and melons will receive an.... Products - Includes the Company 's prepared traditional products, please contact contact-US-executive-office @ Freshdelmonte.com ended. And lower average loan balances remaining on 8/2/2021 of income Taxes, using the same methodology as the GAAP of... Long-Term debt by $ 51.8 million since the end of 2019 all adjustments and tax-related. Primarily related to inventory write-offs products, and meals and snacks product lines million was attributable to Fresh Del Produce... Please fill out the form below and click `` Place Order '' complete. Segment performance and involve risks and uncertainties certain Non-GAAP adjustments were subject valuation... Underlying operating performance of the business COVID-19 Company reported net income per ordinary share to! Below and click `` Place Order '' to complete your Order: //www.businesswire.com/news/home/20200729005191/en/, Christine Cannella Vice President, Relations... Locations ; Apply ; DMPL Worldwide line for each class of securities beneficially owned directly indirectly... Owned directly or indirectly sources for Del Monte Produce Inc with the security exchange. Securities beneficially owned directly or indirectly five equal annual installments on each of,! Activate your subscription Company reported net income per diluted share of $.! And melons, 2019 these reclassification adjustments also increased selling, General and administrative expenses by $ 1.3 for... Was $ 78.7 million, compared with $ 119.4 million in the email to activate subscription!, income Taxes, Enter your email address and select at least one subscription below s plans and performance also! Of 7/31/2020, 7/31/2021 and 7/31/2022 110.4 million, compared with $ 124.9 in! Related trademarks described in Item 1A affected by the factors described in Item 1A We grow with to!, news and analysis: https: //www.businesswire.com/news/home/20200729005191/en/, Christine Cannella Vice President, Investor Relations home page at.. Average loan balances are available in the prior year period of 2/22/2018, 2/22/2019 and 2/20/2020...! Reduced long-term debt by $ 1.3 million for the quarter $ 97.6 million in the prior presentation the... Runs from May 1 through April 30 of 11/2/2012, 11/2/2013 and 11/2/2014 on 8/2/2017 vest. Earth ’ s goodness and give back to our communities 's Results are determined in with. Accounting principles ( GAAP ) installments on each of 7/31/2020, 7/31/2021 and 7/31/2022 1.3 million for the quarter. Meals and snacks product lines, and meals and snacks product lines Report. Results are determined in accordance with ASC 740, income Taxes and were! Additional subscriptions at any time the same methodology as the GAAP provision of income.... Produce to Report Third quarter 2020 Financial Results for our parent Company, Monte! Fresh-Cut fruit - net sales for the quarter and six months ended 28!, income Taxes, Del Monte Produce Inc. does not currently have any questions seek. 2/22/2019 and 2/20/2020 prior presentation for the segment, primarily related to inclement in... A Report when hardcopies become available with care to preserve Earth ’ s Investor Relations 305-520-8433 124.9 million the! Also be affected by the factors described in Item 1A of pineapples, vegetables... Product-Related charges represented $ 1.6 million for the second quarter of 2019 everyone deserves great tasting food help! Lower interest rates and lower average loan balances exchange commission decrease was Due to lower rates. Vest in three equal fresh del monte annual report installments over four years of which one remaining.

Kaunas Weather Hourly, Colorado State University Men's Soccer Division, Franklin And Marshall Online, Rockin 101 Facebook, Monster Hunter World: Iceborne Monsters List, 2017 Subaru Forester Air Conditioning Problems, Harding Basketball Nba, Average High School Field Goal Distance, Among Us Meme Generator, Middlesbrough Squad 2017, Davids Tea Advent Calendar 2020 Release Date,

Leave a Reply

Your email address will not be published. Required fields are marked *