Marfrig Global Foods SA (MRRTY) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ... [Yahoo! Finance]
MARFRIG GLBL FOODS S/ADR (MRRTY)
NASDAQ:AMEX Investor Relations:
ir.marfrig.com.br/en
Company Research
Source: Yahoo! Finance
Marfrig Global Foods SA ( MRRTY ) reported a consolidated revenue of 37.7 billion reals, marking a 12.4% increase compared to Q3 of the previous year. The company achieved a consolidated adjusted EBITDA of 3.9 billion reals, which is 60% higher than Q3 2023. Free cash flow was positive at 1.4 billion reals, and the company reversed a previous loss to report a net income of 79 million reals for the quarter. Marfrig Global Foods SA ( MRRTY ) has been successful in reducing its leverage, with a consolidated leverage ratio decreasing to 2.86 times in dollars. The company announced a dividend distribution of 2.5 billion reals, yielding over 17% compared to the last share price, reflecting strong shareholder returns. Sales volume in North America decreased by 4.9% compared to the same quarter last year, primarily due to one less week of activity. The North American operation reported a significant drop in EBITDA, down 47.1% from the previous year, with a margin of only 2.4%.
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