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4th Quarter Ending December 31st
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2020
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2019
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Difference (%)
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Sales:
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$14,085,075
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$10,578,978
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+33.1
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Gross profit:
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$2,151,296
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$1,707,407
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+26.0
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Operating income:
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$869,817
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$746,179
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+16.6
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Pre-tax Income
Net Income
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$1,084,868
$745,034
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$699,328
$465,455
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+55.1
+60.1
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Diluted earnings per share:
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$0.28
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$0.17
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+64.7
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Gross Margin (%)
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15.2
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16.1
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-5.6
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Operating Margin (%)
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6.2
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7.1
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-12.6
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Profit Margin (%)
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5.3
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4.4
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+20.5
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Long-term Debt:
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$14,707,850
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$12,111,046
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+21.4
|
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12 Months Trailing:
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|
|
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Return on Assets (%)
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8.7
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|
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Return on Equity (%)
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8.2
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|
|
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Operating Margin (%)
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8.0
|
|
|
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Profit Margin (%)
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1.2
|
|
|
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Total Assets
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$30,333,668
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$23,396,183
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+29.6
|
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Market Capitalization
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$13,040,000
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|
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52-Week Range in Share Price: $6.66 to $10.55 50-day Moving average $9.66
Market Close post-release March 25th $9.85 (up 0.9 percent)
Forward P/E 8.5 Beta 0.3
Segment Results for the 4th quarter were:-
Segment Revenue ($ millions) EBITDA ($ millions)
Seara $1,396 $193
JBS Brazil $2,481 $127
JBS USA Beef $5,609 $0.52
JBS USA Pork $1,725 $157
Pilgrim’s Pride $3,112 $297
 For FY 2020 JBSAY earned $851.5 million on revenue of $50.03 billion with an EPS of $0.32. For FY 2019 JBSAY earned $1,124 million on revenue of $37.87 billion with an EPS of $0.42
In commenting on results Gilberto Tomazoni, Global CEO stated:- “As we present our results for 2020, it is fair to say that this year has probably been one of the most challenging of our lives. For us, closing our door or working from home was not an option. As a result, JBS set a priority to ensure the health and safety of our team members in order to fulfill our responsibility of providing food for the world. But we went much further by also supporting the communities where we are located.
Around the world, we invested R$ 2.8 billion during 2020, in preventive measures for our workforce and in social responsibility initiatives. Thanks to the Fazer o Bem faz Bem in Brazil, and the Hometown Strong programs in the USA and Canada, we made a positive impact on hundreds of local communities where we live and work”.
Tomazoni continued “the initiative reflects our long-standing commitment to sustainability. In Brazil, for example, for more than ten years, we have managed one of the world’s largest supplier monitoring systems. We are setting up a ground-breaking system that uses blockchain technology to reach other links in our supply chain”. He added “in 2020, we also launched the JBS Fund for the Amazon, part of which includes investments that will be directed to science and innovation projects. We want to be the driver of the bio-economy, demonstrating that protected forests produce even more wealth”.
Tomazoni concluded “we are investing in the circular economy by creating companies within JBS that will enable us to innovate and minimize environmental impact. We have transformed our waste management into a profitable business that generates jobs and income. The issue of governance continued to evolve in 2020. We undertook 190,000 training sessions for our team members around the world. Our global Code of Ethics has been revised to ensure it continues to evolve, and we have launched our Global Anticorruption Policy”.
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