Marfrig Global Foods SA (MRRTY) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ...
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 16 2024
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Source: Yahoo Finance
Financial Performance: Marfrig Global Foods SA reported a 12.4% increase in consolidated revenue to 37.7 billion reals and achieved a net income of 79 million reals, alongside a positive free cash flow of 1.4 billion reals and a significant reduction in leverage.
Market Challenges: The company faced a decline in sales volume and EBITDA in North America due to high cattle prices and lower drop values, while also experiencing challenges in the South American market with reduced sales to China.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
