date:Mar 07, 2014
which had been the previous all-time period high. Gross margin expanded to $13.7 million, equal to 8.1 percent of total revenues, up from $13.1 million, or 9.4 percent of total revenues, in the fiscal 2013 first quarter. Operating income vaulted 26 percent in the most recent quarter to $5.4 million, which compares with $4.3 million in the year-earlier first quarter.
Chairman, President and Chief Executive Officer Lee E. Cole stated: Calavo registered outstanding operating results in the first q