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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

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

 
Copyright © 2020 Simon M. Shane