Generated third quarter organic growth of 6%
Further progress on diversification growth strategy; FreshCloud advancements announced
- Net sales increased 13% to $68.7 million for the third quarter and increased 14% to $125.5 million for the first nine months of 2018 versus the prior year periods; organic sales up 6% and 2%, respectively
- Further diversification with 70% of net sales related to apples in the first nine months of 2018 compared to 80% in the prior year period
- Net income of $3.5 million for the third quarter of 2018; net loss of $27.9 million for the first nine months of 2018 compares to net income of $0.1 million in the first nine months of 2017, which included a one-time tax benefit and a gain on foreign currency exchange, together totaling $26 million
- Adjusted EBITDA[1] increased 1% to $34.6 million for the third quarter of 2018; increased 1% to $42.5 million for the first nine months of 2018
PR Newswire
PHILADELPHIA, Nov. 7, 2018
