Fresh Del Monte Produce Inc. held its First Quarter 2025 Earnings Conference Call on April 30, 2025, led by Christine Cannella, Vice President of Investor Relations. The event was attended by key executives including Chairman and CEO Mohammad Abu-Ghazaleh and Senior VP & CFO Monica Vicente. During the call, the company reported a strong financial performance for the first quarter of 2025. Adjusted operating income rose to $44 million from $31 million in the previous year. Net income attributable to Fresh Del Monte stood at $31 million, showing an increase from $26 million last year. "Our adjusted EBITDA for the first quarter was $61 million, representing 6% of net sales, compared to $44 million or 4% in the prior year," said Monica Vicente, highlighting the company's positive trajectory. The management also noted a decrease in other expenses, primarily due to lower foreign currency losses, and an improvement in diluted EPS, which increased to $0.64 per share from $0.55 in the previous year. The full transcript can be accessed through the link below.
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