Mission(US:AVO)2025-09-08 21:00Financial Performance - Total revenue reached $357.7 million, a 10% year-over-year increase[2] - Adjusted EBITDA was $32.6 million, a 3% year-over-year increase[2] - The company generated $34 million in operating cash flow in Q3[10] Sales Volume and Pricing - Avocado volume sold was 183.5 million pounds, a 10% year-over-year increase[2] - Average selling price was $1.74 per pound, a 5% year-over-year decrease[2] Strategic Initiatives and Diversification - International Farming adjusted EBITDA more than doubled due to higher avocado yields and expanded packing/cooling services[10] - The company's diversification strategy, including mangos and blueberries, continues to strengthen year-round offerings[10] - The company strategically leveraged the rebound in owned production, expecting a 150% increase compared to the prior year, to meet customer commitments[10] Non-GAAP Financial Measure - Adjusted EBITDA is defined as net income before interest expense, income taxes, depreciation and amortization expense, stock-based compensation expense, other income (expense), and income (loss) from equity method investees, further adjusted by asset impairment and disposals, farming costs for nonproductive orchards, recognition of deferred ERP costs, transaction costs, and any special, non-recurring, or one-time items[7]