Share via Email

* Email To:

(Separate multiple addresses with a semicolon)

* Your Name:

* Email From:

(Your IP Address is 3.135.219.166)

* Email Subject:

(personalize your subject)

Email Content:

JBS SA. Reports on Third Quarter.

11/12/2020

In a press release dated November 11th JBS SA. (JBSAY) announced results for the 3rd Quarter ending September 30th 2020.

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as US$ x 1,000 except EPS. Conversion $1 = BRC 5.4)

Third Quarter Ending September 30th	2020	2019	Difference (%)
Sales:	$12,978,000	$9,664,000	+34.3
Gross profit:	$2,185,000	$1,658,000	+31.8
Operating income:	$929,000	$782,000	+18.8
Pre-tax Income Net Income	$736,000 $580,000	$100,000 $66,000	+636.0 +779.0
Diluted earnings per share:	$0.22	$0.02	+1000.0
Gross Margin (%)	16.8	17.2	-2.3
Operating Margin (%)	7.1	8.1	-12.3
Profit Margin (%)	4.5	0.7	+542,0
Long-term Debt:	$15,855,274	$12,111,046	+30.9
Total Assets	$30,831,851	$23,396,182	+12.2
Market Capitalization	$10,254,000
Segment	Revenue($billion)	EBITDA ($ billion)
JBS USA Beef	$5.2	0.5
JBS US Pork	$1.4	0.2
Pilgrim’s Pride Corp.	$3.1	0.4
SEARA	$1.3	0.2
JBS Brazil	$2.1	0.2

52-Week Range in Share Price: $4.43 to $ 14.54 50-day Moving average $7.41

Market Close, November 11th pre-release; $7.83. Open, November 12th $8.05

Forward P/E 9.2 Beta 0.3

In commenting on results, Gilberto Tomazoni, JSS SA Global CEO stated, “The third quarter of 2020, once again, validates the Company's strategy. Despite a challenging scenario due to impacts from the global pandemic, we were able to generate revenues of $12.98 billion, an EBITDA of $1.5 billion, free cash flow of $0,96 billion, net income of $0.58 billion and reduced our leverage to 1.60, the lowest in JBS history.“

Gilberto Tomazoni CEO