Calavo Growers (CVGW) said Tuesday that its board has authorized a $25 million share repurchase program.

The repurchase program is set to continue until March 18, 2027, unless the company's board decides to extend or end it sooner.

Calavo Growers' management, under the board's oversight, will determine the timing, volume, and pricing of repurchases based on market conditions, financial position, regulatory requirements, and strategic priorities, the company said.

Shares of Calavo Growers were up 1.7% in recent after-hours activity.