Core Viewpoint - Calavo Growers, Inc. has authorized a share repurchase program of up to $25 million to enhance shareholder value, reflecting confidence in its long-term strategy and financial position [1][2]. Group 1: Share Repurchase Program - The share repurchase program allows the company to buy back up to $25 million of its common stock through various methods, including open-market transactions and privately negotiated transactions [2]. - The program is effective until March 18, 2027, unless extended or terminated earlier by the Board of Directors [2]. - The timing, volume, and pricing of repurchases will depend on market conditions and the company's financial position [2]. Group 2: Financial Position and Strategy - The company emphasizes its strong balance sheet, expected cash flow generation, and robust liquidity position as key factors supporting the repurchase program [2]. - The repurchase initiative is part of the company's commitment to shareholders while maintaining flexibility for strategic growth and operational improvements [2]. Group 3: Company Overview - Calavo Growers, Inc. is a leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, operating a vertically integrated business model [3]. - Founded in 1924, the company serves various sectors, including retail grocery, foodservice, and food distributors, with operations in the U.S. and Mexico [3].