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Complete financial analysis of Fresh Del Monte Produce Inc. (FDP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fresh Del Monte Produce Inc., a leading company in the Agricultural Farm Products industry within the Consumer Defensive sector.
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Fresh Del Monte Produce Inc. (FDP)
Industry: Agricultural Farm Products
Sector: Consumer Defensive
Website: https://www.freshdelmonte.com
About Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services. It offers pineapples, fresh-cut fruit, fresh-cut vegetables, melons, and vegetables; non-tropical fruits, such as grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries, and kiwis; other fruit and vegetables, and avocados; and prepared fruit and vegetables, juices, other beverages, and meals and snacks. The company also engages in the sale of poultry and meat products; and third-party freight services business. In addition, it manufactures and sells plastic and box products, such as bins, trays, bags, and boxes. The company offers its products under the Del Monte brand, as well as under other brands, such as UTC, Rosy, Fruit Express, Just Juice, Fruitini, Mann's Logo, Arcadian Harvest, Nourish Bowls, Broccolini, Caulilini, Better Burger Leaf, RomaLeaf, and other regional brands. It markets and distributes its products to retail stores, club stores, convenience stores, wholesalers, distributors, and foodservice operators. Fresh Del Monte Produce Inc. was founded in 1886 and is based in George Town, Cayman Islands.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.32B | 4.44B | 4.25B | 4.20B | 4.49B | 4.49B | 4.09B | 4.01B | 4.06B | 3.93B | 3.68B | 3.42B | 3.59B | 3.55B | 3.50B | 3.53B | 3.37B | 3.21B | 3.26B | 2.91B | 2.49B | 2.09B | 1.93B | 1.86B | 1.74B | 1.60B | 1.21B |
| Cost of Revenue | 3.97B | 4.10B | 3.95B | 3.95B | 4.19B | 4.21B | 3.75B | 3.55B | 3.71B | 3.56B | 3.39B | 3.08B | 3.27B | 3.28B | 3.19B | 3.18B | 3.00B | 3.03B | 2.95B | 2.64B | 2.16B | 1.75B | 1.65B | 1.64B | 1.55B | 1.37B | 1.05B |
| Gross Profit | 350.70M | 340.20M | 303.80M | 250.90M | 300.60M | 279.80M | 331.60M | 461.40M | 342.30M | 364.80M | 290.40M | 341.70M | 319.50M | 272.40M | 310.80M | 347.00M | 364.90M | 186.50M | 311.50M | 264.70M | 328.20M | 336.70M | 282.90M | 221.30M | 193.20M | 228.80M | 157.70M |
| Gross Profit Ratio | 8.12% | 7.66% | 7.14% | 5.97% | 6.70% | 6.23% | 8.12% | 11.50% | 8.44% | 9.29% | 7.88% | 9.99% | 8.90% | 7.67% | 8.89% | 9.83% | 10.84% | 5.80% | 9.56% | 9.11% | 13.20% | 16.11% | 14.67% | 11.90% | 11.08% | 14.30% | 13.05% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.20M | 3.30M | 3.30M | 3.90M | 4.10M | 4.40M | 4.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 176.20M | 177.50M | 179.30M | 181.60M | 180.80M | 179.50M | 160.40M | 170.20M | 166.30M | 157.50M | 159.40M | 157.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 10.50M | 9.30M | 13.60M | 14.60M | 14.90M | 15.20M | 12.80M | 17.20M | 17.60M | 18.30M | 20.10M | 19.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 186.70M | 186.80M | 192.90M | 196.20M | 195.70M | 194.70M | 173.20M | 187.40M | 183.90M | 175.80M | 179.50M | 177.20M | 190.40M | 166.80M | 165.80M | 162.50M | 176.80M | 201.60M | 190.90M | 136.40M | 107.80M | 102.70M | 89.40M | 80.90M | 63.50M | 58.30M | 42.30M |
| Other Expenses | 0.00 | -14.80M | -9.40M | -4.50M | 900.00K | -15.70M | -3.00M | -3.40M | -7.20M | -12.00M | 13.60M | -1.90M | 0.00 | 0.00 | 0.00 | 0.00 | 12.50M | 105.30M | 3.10M | 0.00 | 0.00 | 19.60M | 28.60M | 57.80M | 45.20M | 35.80M | 20.60M |
| Operating Expenses | 292.20M | 186.80M | 192.90M | 196.20M | 195.70M | 194.70M | 173.20M | 187.40M | 183.90M | 175.80M | 179.50M | 177.20M | 190.40M | 157.60M | 165.80M | 183.90M | 189.30M | 306.90M | 194.00M | 136.40M | 107.80M | 122.30M | 118.00M | 138.70M | 108.70M | 94.10M | 62.90M |
| Cost & Expenses | 4.26B | 4.29B | 4.14B | 4.15B | 4.38B | 4.41B | 3.93B | 3.74B | 3.90B | 3.74B | 3.57B | 3.26B | 3.46B | 3.44B | 3.35B | 3.37B | 3.19B | 3.33B | 3.14B | 2.78B | 2.27B | 1.88B | 1.76B | 1.78B | 1.66B | 1.47B | 1.11B |
| Interest Income | 1.40M | 700.00K | 600.00K | 700.00K | 1.10M | 900.00K | 800.00K | 700.00K | 600.00K | 600.00K | 700.00K | 700.00K | 1.10M | 900.00K | 700.00K | 1.40M | 1.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 24.10M | 23.70M | 19.70M | 20.70M | 24.30M | 22.70M | 5.60M | 3.40M | 3.70M | 2.60M | 2.20M | 2.30M | 6.80M | 10.80M | 11.20M | 14.50M | 25.90M | 25.60M | 16.10M | 0.00 | 0.00 | 15.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 84.80M | 92.60M | 96.80M | 95.00M | 98.10M | 99.20M | 79.90M | 78.50M | 72.40M | 73.30M | 69.90M | 70.00M | 73.50M | 78.70M | 83.70M | 85.30M | 80.90M | 83.80M | 89.00M | 70.90M | 63.00M | 61.70M | 61.20M | 57.80M | 45.20M | 35.80M | 20.60M |
| EBITDA | 134.20M | 230.10M | 204.00M | 145.10M | 211.80M | 121.50M | 233.50M | 351.90M | 231.60M | 263.60M | 56.10M | 232.60M | 180.80M | 149.60M | 227.40M | 262.30M | 289.90M | -34.80M | 210.00M | 199.20M | 220.40M | 214.40M | 226.10M | 140.40M | 129.70M | 170.50M | 142.50M |
| EBITDA Ratio | 3.11% | 5.20% | 4.66% | 3.46% | 4.54% | 3.78% | 5.76% | 8.70% | 5.51% | 6.37% | 5.28% | 6.80% | 5.67% | 5.26% | 6.54% | 6.68% | 7.06% | 2.12% | 6.53% | 6.62% | 10.25% | 13.16% | 13.67% | 7.88% | 6.60% | 11.85% | 9.30% |
| Operating Income | 58.50M | 156.30M | 111.00M | 50.20M | 114.10M | 38.60M | 152.70M | 244.20M | 91.00M | 173.50M | -30.70M | 161.40M | 115.90M | 77.50M | 148.20M | 163.10M | 175.60M | -120.40M | 117.50M | 128.30M | 220.40M | 214.40M | 164.90M | 82.60M | 84.50M | 134.70M | 94.80M |
| Operating Income Ratio | 1.35% | 3.52% | 2.61% | 1.19% | 2.54% | 0.86% | 3.74% | 6.09% | 2.24% | 4.42% | -0.83% | 4.72% | 3.23% | 2.18% | 4.24% | 4.62% | 5.22% | -3.75% | 3.60% | 4.42% | 8.86% | 10.26% | 8.55% | 4.44% | 4.85% | 8.42% | 7.85% |
| Total Other Income/Expenses | -42.00M | -38.50M | -29.10M | -25.20M | -23.40M | -38.40M | -8.60M | -6.80M | -10.90M | -14.60M | 11.40M | -4.20M | -15.40M | -17.40M | -16.40M | -600.00K | -11.80M | -25.20M | -19.20M | -1.30M | 21.90M | 5.50M | -42.20M | -46.60M | -12.90M | -45.10M | -18.10M |
| Income Before Tax | 16.50M | 117.80M | 81.90M | 51.30M | 90.70M | 200.00K | 144.10M | 237.40M | 80.10M | 158.90M | -19.30M | 157.20M | 100.50M | 60.10M | 131.80M | 162.50M | 181.20M | -145.60M | 98.30M | 127.00M | 242.30M | 219.90M | 122.70M | 36.00M | 71.60M | 89.60M | 67.90M |
| Income Before Tax Ratio | 0.38% | 2.65% | 1.93% | 1.22% | 2.02% | 0.00% | 3.53% | 5.92% | 1.97% | 4.05% | -0.52% | 4.59% | 2.80% | 1.69% | 3.77% | 4.60% | 5.38% | -4.53% | 3.02% | 4.37% | 9.74% | 10.52% | 6.36% | 1.94% | 4.11% | 5.60% | 5.62% |
| Income Tax Expense | 18.10M | 20.10M | 2.00M | 5.00M | 21.40M | 16.10M | 24.90M | 11.80M | 13.70M | 14.30M | 17.50M | 12.20M | 5.70M | -700.00K | -12.80M | 4.80M | 1.40M | -500.00K | -8.30M | -12.20M | 15.90M | 18.60M | 26.50M | 2.90M | 14.70M | 12.20M | 13.70M |
| Net Income | -11.40M | 98.60M | 80.00M | 49.20M | 66.50M | -21.90M | 120.80M | 225.10M | 62.40M | 142.40M | -37.30M | 143.20M | 92.50M | 62.20M | 143.90M | 157.70M | 179.80M | -145.10M | 106.60M | 139.20M | 226.40M | 195.20M | 96.20M | 33.10M | 56.90M | 59.30M | 43.80M |
| Net Income Ratio | -0.26% | 2.22% | 1.88% | 1.17% | 1.48% | -0.49% | 2.96% | 5.61% | 1.54% | 3.63% | -1.01% | 4.19% | 2.58% | 1.75% | 4.12% | 4.47% | 5.34% | -4.51% | 3.27% | 4.79% | 9.10% | 9.34% | 4.99% | 1.78% | 3.26% | 3.71% | 3.62% |
| EPS | -0.24 | 2.06 | 1.68 | 1.03 | 1.38 | -0.45 | 2.40 | 4.37 | 1.18 | 2.54 | -0.66 | 2.47 | 1.57 | 1.03 | 2.26 | 2.49 | 3.07 | -2.51 | 1.90 | 2.42 | 4.00 | 3.52 | 1.79 | 0.62 | 1.06 | 1.10 | 0.70 |
| EPS Diluted | -0.24 | 2.06 | 1.68 | 1.03 | 1.37 | -0.45 | 2.39 | 4.33 | 1.17 | 2.53 | -0.66 | 2.46 | 1.56 | 1.02 | 2.26 | 2.48 | 3.06 | -2.51 | 1.90 | 2.41 | 3.95 | 3.45 | 1.77 | 0.62 | 1.06 | 1.10 | 0.70 |
| Weighted Avg Shares Out | 47.98M | 47.79M | 47.51M | 47.57M | 48.29M | 48.63M | 50.25M | 51.51M | 52.75M | 55.97M | 56.39M | 57.94M | 58.89M | 60.54M | 63.57M | 63.34M | 58.49M | 57.82M | 57.93M | 57.49M | 56.54M | 55.45M | 53.86M | 53.76M | 53.76M | 53.63M | 12.77M |
| Weighted Avg Shares Out (Dil) | 47.98M | 47.94M | 47.70M | 47.66M | 48.39M | 48.63M | 50.59M | 51.96M | 53.20M | 56.35M | 56.43M | 58.12M | 59.16M | 60.71M | 63.67M | 63.61M | 58.77M | 57.82M | 58.08M | 57.80M | 57.35M | 56.54M | 54.41M | 53.76M | 53.81M | 53.77M | 12.77M |
Fresh Del Monte Produce Inc. to Report Fourth Quarter and Full Fiscal Year 2023 Financial Results
CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), (the “Company”) today announced that it will issue a press release on its fourth quarter and full fiscal year 2023 financial results prior to the market opening on Monday, February...
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MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, today announced the launch of its latest pineapple innovation, the Rubyglow® pineapple –...
Fresh Del Monte Produce Inc. Announces Participation in the 2024 ICR Conference
CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that management will participate in the 2024 ICR Conference, to be held at the JW Marriott Orlando Lakes in Orlando, FL from January 8-10, 2024. Monica Vicente, Senior...
Fresh Del Monte Produce: Moderately Attractive And Trading Cheap
Fresh Del Monte Produce's revenue has grown at a CAGR of 2%, which is expected to continue, owing to the highly competitive, commoditized nature of the fresh produce industry. Although its margins have experienced volatility during the last decade, we...
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CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP) today announced the appointment of Ajai Puri, a seasoned expert with decades of experience in the food and beverage industry, to its board of directors, effective February 19, 2024. “Dr....
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MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, is proud to announce a strategic partnership with Arena Packaging, a leading packaging,...
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Fresh Del Monte Produce Inc. Announces Adoption of Share Repurchase Plan
CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), (“Fresh Del Monte” or the “Company”) announced today that its Board of Directors has approved a share repurchase plan pursuant to which Fresh Del Monte may repurchase up to 500,000...
Fresh Del Monte Produce's (FDP) Q3 2023 Earnings Call Transcript
Fresh Del Monte Produce, Inc. (NYSE:FDP ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Claudia Pou - Vice President of Corporate Communications Mohammad Abu-Ghazaleh - Chairman and CEO Monica Vicente - Senior Vice President...
Source: https://incomestatements.info
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