| Income Statement for Calavo Growers Inc. (CVGW) | | | | | | | Income | in Thousands of Dollars | | | 10/2007 | 10/2006 | 10/2005 | 10/2004 | 10/2003 | | | Operating Revenue | 302,984 | 273,910 | 258,822 | 274,218 | 246,761 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (268,821) | (242,604) | (234,226) | (246,166) | (219,272) | | Gross Operating Profit | 34,163 | 31,306 | 24,596 | 28,052 | 27,489 | | | Selling/General/Admin Expense | (19,759) | (19,954) | (18,588) | (15,920) | (14,769) | | Research & Development | - | - | - | - | - | | EBITDA | 14,404 | 11,352 | 6,008 | 12,132 | 12,720 | | Depreciation & Amortization | (2,391) | (2,035) | (2,862) | (2,648) | (2,024) | | EBIT | 12,013 | 9,317 | 3,146 | 9,484 | 10,696 | | Interest Income | 248 | 356 | - | - | - | | Other Income, Net | 512 | 599 | 2,357 | 478 | 889 | | Total Income Avail For Interest Expense | 12,947 | 10,351 | 5,503 | 9,777 | 11,479 | | Interest Expense | (1,346) | (943) | - | - | - | | Pre-Tax Income | 11,601 | 9,408 | 5,503 | 9,777 | 11,479 | | Income Taxes | (4,271) | (3,620) | (2,181) | (3,567) | (4,319) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 7,330 | 5,788 | 3,322 | 6,210 | 7,160 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 7,330 | 5,788 | 3,322 | 6,210 | 7,160 | | | Normalized Income | 7,330 | 5,788 | 3,322 | 6,395 | 7,266 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (185) | (106) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 7,330 | 5,788 | 3,322 | 6,210 | 7,160 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 10/2007 | 10/2006 | 10/2005 | 10/2004 | 10/2003 | | | Dividends Paid Per Share | 0.32 | 0.32 | 0.30 | 0.05 | 0.20 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.51 | 0.40 | 0.24 | 0.46 | 0.55 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.51 | 0.40 | 0.24 | 0.46 | 0.55 | | | Diluted EPS from Continuing Operations | 0.51 | 0.40 | 0.24 | 0.46 | 0.55 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.51 | 0.40 | 0.24 | 0.46 | 0.55 | | | |
