Adecoagro (AGRO) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Adecoagro S.A., a leading South American sustainable production company, reported a solid first quarter in 2024 with an adjusted EBITDA of $90.1 million, marking a 1.1% increase from Q1 2023. Despite a 40.1% drop in adjusted net income to $23.3 million, the company’s gross sales rose by 2.6% and net debt was significantly reduced by 23.0% year-over-year, achieving a net debt to LTM Adjusted EBITDA ratio of 1.3x.
For further insights into AGRO stock, check out TipRanks’ Stock Analysis page.
