Fresh Del Monte Produce Inc (FDP) Q1 2020 Earnings Call Transcript

Fresh Del Monte Produce Inc (FDP) Q1 2020 Earnings Call Transcript

Fresh Del Monte Produce Inc ( NYSE:FDP ) Q1 2020 Earnings Call Apr 29, 2020 , 10:00 a.m. ET. Good day everyone and welcome to Fresh Del Monte Produce First Quarter 2020 Conference Call.. Good morning everyone and thank you for joining our first quarter 2020 conference call.. Joining me in today's discussion are Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer; and Eduardo Bezerra, Senior Vice President and Chief Financial Officer.. At the outback of the pandemic, we immediately activated our global and regional executive crisis management teams to respond .. We continue to focus on reducing our debt while we continue to invest in critical high margin capital projects to drive efficiency in our operations and expand our value-added business.. Given all of our capabilities as Mohammad declared, I am confident Fresh Del Monte will weather these difficult times and emerge stronger from this challenge.. Adjusted earnings per diluted share were $0.34 compared with adjusted earnings per diluted share of $0.46 in 2019.. Net sales were $1,118 million compared with $1,154 million in first quarter 2019, with unfavorable exchange rates negatively impacting net sales by $8 million.. Adjusted operating income for the quarter was $24 million compared with $41