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|07/29/15||Fresh Del Monte Produce Announces Share Repurchase Program|
|CORAL GABLES, Fla.--(BUSINESS WIRE)--Jul. 29, 2015--
Fresh Del Monte Produce Inc. (NYSE:FDP) announced today that its
Board of Directors, at their July 29, 2015 board meeting, approved a
three-year share repurchase program of up to $300 million of the
Company's ordinary shares, which will expire on July 29, 2018. The share
repurchase program announced today is in addition to the Company's
existing three-year repurchasing program of $300 million, which is... |
|07/29/15||Fresh Del Monte Produce's Board of Directors Declares Cash Dividend|
|CORAL GABLES, Fla.--(BUSINESS WIRE)--Jul. 29, 2015--
Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that its
board of directors declared an interim cash dividend of twelve and a
half cents ($0.125) per share, payable on September 4, 2015 to
shareholders of record on August 12, 2015.
About Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc. is one of the world's leading vertically
integrated producers, marketers and ... |
|07/28/15||Fresh Del Monte Produce Inc. Reports Second Quarter 2015 Financial Results|
|CORAL GABLES, Fla.--(BUSINESS WIRE)--Jul. 28, 2015--
Fresh Del Monte Produce Inc. (NYSE: FDP) today reported financial
results for the second quarter ended June 26, 2015. The Company reported
earnings per diluted share of $1.21 for the second quarter of 2015,
compared with earnings per diluted share of $1.15 in the second quarter
of 2014. Comparable earnings per diluted share were $1.20 in the second
quarter of 2015, compared with comparable earnings per... |
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Safe Harbor Disclosure: This press release contains certain forward-looking statements regarding the intent, beliefs or current expectations of the Company or its officers with respect to the Company's plans and future performance. These forward-looking statements are based on information currently available to the Company and the Company assumes no obligation to update these statements. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. In this press release, these statements appear in a number of places and include statements regarding the intent, belief or current expectations of the Company or its officers (including statements preceded by, followed by or that include the words "believes," "expects," "anticipates" or similar expressions). The Company's plans and performance may differ materially from those in the forward-looking statements as a result of various factors, including (i) the uncertain global economic environment and the timing and strength of a recovery in the markets the Company serves, and the extent to which adverse economic conditions continue to affect its sales volume and results, including the Company's ability to command premium prices for certain of its principal products, or increase competitive pressures within the industry, (ii) the impact of governmental initiatives in the United States and abroad to spur economic activity, including the effects of significant government monetary or other market interventions on inflation, price controls and foreign exchange rates, (iii) the impact of governmental trade restrictions, including adverse governmental regulation that may impact the Company's ability to access certain markets, (iv) the Company's anticipated cash needs in light of its liquidity, (v) the continued ability of the Company's distributors and suppliers to have access to sufficient liquidity to fund their operations, (vi) trends and other factors affecting the Company's financial condition or results of operations from period to period, including changes in product mix or consumer demand for branded products such as its, particularly as consumers remain price-conscious in the current economic environment; anticipated price and expense levels; the impact of crop disease, severe weather conditions, such as the recent adverse weather conditions in the Company's banana production areas, or natural disasters, such as earthquakes, on crop quality and yields and on its ability to grow, procure or export its products; the impact of prices for petroleum-based products and packaging materials; and the availability of sufficient labor during peak growing and harvesting seasons, (vii) the impact of pricing and other actions by the Company's competitors, particularly during periods of low consumer confidence and spending levels, (viii) the impact of foreign currency fluctuations, (ix) the Company's plans for expansion of its business (including through acquisitions) and cost savings, (x) the Company's ability to successfully integrate acquisitions into its operations, (xi) the impact of impairment or other charges associated with exit activities, crop or facility damage or otherwise, (xii) the timing and cost of resolution of pending legal and environmental proceedings, (xiii) the impact of changes in tax accounting or tax laws (or interpretations thereof), and the impact of settlements of adjustments proposed by the Internal Revenue Service or other taxing authorities in connection with the Company's tax audits, and (xiv) the cost and other implications of changes in regulations applicable to its business, including potential legislative or regulatory initiatives in the United States or elsewhere directed at mitigating the effects of climate change. All forward-looking statements in this report are based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statements. The Company's plans and performance may also be affected by the factors described in Item 1A. - "Risk Factors" in Fresh Del Monte Produce Inc.'s Annual Report on Form 10-K for the year ended December 26, 2014 along with other reports that the Company has on file with the Securities and Exchange Commission.
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