Brazil's BRF ends seven-quarter losing streak, earns $165.26 million in Q4 [Reuters]
BRF S.A. (BRFS)
Last brf s.a. earnings: 11/11 04:01 pm
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Source: Reuters
SAO PAULO, Feb 26 (Reuters) - Brazilian food processor BRF SA (BRFS3.SA) , opens new tab on Monday reported net income of 823 million reais ($165.26 million) for the fourth quarter of 2023, the first gain after seven consecutive quarters of losses, according to an earnings statement. Analysts had predicted net income of 339.57 million reais for BRF, which makes pork and poultry products. Adjusted earnings before interest, tax, depreciation and amortization, a measure of operating income known as EBITDA, was 1.9 billion reais, above the consensus of analysts expectations of 1.79 billion reais. Factors contributing to the positive performance include a sharp drop in the price of corn, a key feedstock ingredient. A recovery of export markets and 66 new authorizations for BRF export plants also helped the company "to end the year better than it started," CEO Miguel Gularte said in comments about results. In spite of a strong fourth quarter, BRF lost 1.87 billion in 2023, markin
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News
- UPDATE 1-Brazil rains disrupt meat processing in key southern state - industry group [Yahoo! Finance]Yahoo! Finance
- Brazil rains disrupts chicken processing in key southern state - industry group [Yahoo! Finance]Yahoo! Finance
- BRF filed its Annual Report on Form 20-FPR Newswire
- Is BRF (BRFS) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- 22nd Century, Coffee Holding among Consumer Staples movers [Seeking Alpha]Seeking Alpha
BRFS
Sec Filings
- 5/2/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/19/24 - Form 20-F
- BRFS's page on the SEC website