Jbs S.A. ( (JBSAY) ) has released its Q3 earnings. Here is a breakdown of the information Jbs S.A. presented to its investors.
JBS S.A. is a global leader in the food industry, specializing in the production and processing of beef, pork, and poultry, with operations spread across various continents. In its latest earnings report for the third quarter of 2024, JBS S.A. has demonstrated robust financial performance with significant growth across key metrics. The company reported a net sales increase to US$19.9 billion, a rise of 6.4% compared to the previous year, and an impressive adjusted EBITDA of US$2.2 billion, marking a 94.3% year-on-year growth. The free cash flow was recorded at nearly US$1 billion, and net profit stood at US$693 million, highlighting the company’s strong cash generation capabilities. Key segments, such as Seara and JBS Brasil, showed substantial improvements, with Seara achieving a record-breaking EBITDA margin of 21% due to strategic operational improvements and strong global demand. Additionally, JBS Brasil reported a 10.1% rise in net sales, attributed to increased sales volumes and strong international demand. Looking ahead, JBS remains optimistic about future growth, supported by its diversified global platform and strategic initiatives in product and market diversification, innovation, and operational excellence.
