Lavoro Limited (LVRO) has released an update.
Lavoro Limited reports a 6% revenue increase to $514.2 million in the third fiscal quarter of 2024, despite a 16% decrease in gross profit and a net loss of $64.8 million, an improvement over the previous year’s loss. The company has adjusted its full-year guidance due to challenging market conditions, including price deflation and climate effects on agriculture in Latin America. Lavoro’s Crop Care segment shows significant growth, and the company remains focused on market share gains and long-term client relationships.
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