Meatpacker, hide processor and tanning conglomerate JBS has reported its financial results for the third quarter of the 2024 fiscal year, when net sales were up 6.4% to a record US$19.9 billion.
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The company had an adjusted EBITDA result of US$2.2 billion in the period, growing by 94.3%, while net profit came in at US$693 million.
JBS Beef North America had net sales growth of 6% year-on-year to US$6.3 billion, while EBITDA was up 13.9% to US$117.3 billion with a margin of 1.9%. JBS Australia was up 13.3% in sales to US$1.8 billion with EBITDA growing 28% to US$174.3 million and with a margin of 9.8%.
SEARA had net sales growth of 4.9% to US$2.2 billion and EBITDA growth of 297.4% to US$461.2 million. Finally, JBS Brasil was up 10.1% in sales to US$3.3 billion and 280.5% in EBITDA to US$377.7 million with a margin of 11.6%.
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CEO Gilberto Tomazoni said: “The third quarter results for 2024 reaffirm our positive outlook for the year, highlighting once again the strength of JBS’ global, multi-protein platform, the quality of our team, and our focus on operational excellence. Net revenue was a record US$19.9 billion. During this period, EBITDA reached US$2.2 billion, with a consolidated margin of 10.8% – marking a nearly five percentage point increase compared to the same quarter in 2023.”
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