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Bioceres Crop Solutions Corp. (symbol: BIOX) is a comprehensive provider of crop productivity solutions, operating through three main segments: Seed and Integrated Products, Crop Protection, and Crop Nutrition. Headquartered in Rosario, Argentina, and a subsidiary of Bioceres LLC, the company has a global presence in over a dozen countries including the United States, Brazil, and France.
The Seed and Integrated Products segment is dedicated to the development and commercialization of seed technology, biotechnological events, germplasm, and seed treatments. This division is notable for its HB4 program, which offers drought-tolerant seed technology to enhance crop resilience.
In the Crop Protection segment, Bioceres develops, produces, and markets a variety of products including adjuvants, insecticides, fungicides, and baits. These products are designed to protect crops from a range of pests and diseases, ensuring higher yields and better crop quality.
The Crop Nutrition segment focuses on the development, production, commercialization, and sale of inoculants, bio-inductors, and biological and microgranulated fertilizers. These products aim to optimize soil health and nutrient availability, hence promoting better crop growth and productivity.
Bioceres Crop Solutions Corp. is recognized for its multi-discipline and multi-product platform, capable of providing end-to-end solutions throughout the entire crop cycle—from pre-planting to transportation and storage. The company's innovative approach and strategic partnerships have positioned it as a leader in agricultural biotechnology and crop productivity solutions, making a significant impact on global agriculture.
Stay updated with the latest news and developments from Bioceres Crop Solutions Corp. as they continue to innovate and expand their product offerings to meet the evolving needs of today's agricultural landscape.
Bioceres Crop Solutions (NASDAQ: BIOX) reported fiscal Q2 2025 results with total revenues of $106.7 million, down 24% from $140.2 million in Q2 2024. The company posted net income of $0.6 million and Adjusted EBITDA of $15.4 million.
The revenue decline was primarily attributed to challenging conditions in Argentina, including tight farm economics and elevated channel inventories, which affected crop protection and specialty fertilizers markets. Despite market contraction, the company maintained market share in key product segments.
The company announced strategic changes, including appointing Milen Marinov as Chief Commercial Officer and exiting breeding and seed production activities to focus on trait development. New partnerships include an alliance with GDM for soybean solutions and a redefined scope with Florimond Desprez for wheat technology.
Gross profit was $45.1 million, with margin improving to 42% from 37% year-over-year, driven by an improved product mix in core segments.
Bioceres Crop Solutions (NASDAQ: BIOX) has released preliminary financial expectations for Q2 FY2025, ending December 31, 2024. The company anticipates revenues of approximately $105 million, gross profit of $45 million, and adjusted EBITDA of $15 million.
The results reflect challenging conditions in Argentina, a key market for the company's first-half performance. Farmer purchasing behavior has significantly changed due to macroeconomic conditions and unfavorable weather, leading to lower sales in crop protection and micro-beaded fertilizers. High channel inventories have also impacted performance.
CEO Federico Trucco acknowledged the industry-wide challenges but expressed confidence in the company's product portfolio and global delivery capabilities. The company will provide detailed results in its earnings release on February 11, 2025.
Bioceres Crop Solutions (NASDAQ: BIOX) has scheduled its fiscal second quarter 2025 financial results conference call for Wednesday, February 12, 2025, at 8:30 a.m. Eastern Time. The company will release detailed financial results for the quarter ended December 31, 2024, before the call.
The conference call will feature presentations from CEO Federico Trucco, CFO Enrique Lopez Lecube, and Head of IR Paula Savanti, followed by a Q&A session. A presentation will accompany the webcast and will be accessible through the company's investor relations website.
The call will be available for replay until February 19, 2025, through both the company's website and dedicated replay phone numbers.
Bioceres Crop Solutions (NASDAQ: BIOX) reported fiscal Q1 2025 results with total revenues of $93.3 million, down 20% from $116.6 million in Q1 2024. The company posted a net loss of $5.3 million and Adjusted EBITDA of $8.5 million. Performance was impacted by slow summer crop season in Argentina due to delayed rains, though partially offset by growth in North America and Brazil. Gross profit declined 17% to $37.5 million, while gross margin improved to 40.2%. The company secured regulatory approvals for HB4 soybean production in Uruguay and Bolivia, and its RinoTec technology received EPA's Green Chemistry Challenge Award.
Bioceres Crop Solutions (NASDAQ: BIOX), a company focused on agricultural ecosystem regeneration and climate-resilient crop solutions, announces its fiscal first quarter 2025 earnings conference call. The call is scheduled for Tuesday, November 12, 2024, at 8:30 a.m. Eastern Time. The company will release detailed financial results for the quarter ended September 30, 2024, before the call. The presentation will be hosted by CEO Federico Trucco, CFO Enrique Lopez Lecube, and Head of IR Paula Savanti, followed by a Q&A session. A replay will be available through November 19, 2024.
Bioceres Crop Solutions (NASDAQ: BIOX) reported its fiscal fourth quarter and full-year 2024 results. Key highlights include:
- FY24 total revenues of $464.8 million, up 11% year-over-year
- FY24 GAAP net income of $6.2 million
- FY24 adjusted EBITDA of $81.4 million
- Q4 revenues of $124.0 million, up 18% year-over-year
- Q4 adjusted EBITDA of $19.9 million, nearly doubling from last year
Growth was driven by increases in HB4 sales, adjuvants, and biostimulants. The company received approval for HB4 Wheat cultivation in the United States, expanding its market potential. Despite challenging agricultural conditions, Bioceres maintained profitability and demonstrated resilience in its diversified technology portfolio.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) has received approval from the USDA for the cultivation of its HB4 drought-tolerant wheat in the United States. The USDA's Animal and Plant Health Inspection Service (APHIS) concluded that HB4 wheat does not pose an increased plant pest risk compared to conventional wheat. This decision complements the FDA's previous favorable review for food and feed use.
The United States, the fourth-largest wheat producer globally, joins Argentina, Brazil, and Paraguay in approving HB4 wheat production. Several other countries have approved the technology for food and feed use. Bioceres is also pursuing field trials in Australia for potential production approval. The company will provide more details on its HB4 wheat platform during its upcoming Earnings Call on September 10th.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX), a leader in agricultural productivity solutions, has announced a conference call to discuss its fiscal fourth quarter and full year 2024 financial results. The call is scheduled for Tuesday, September 10, 2024, at 8:30 a.m. Eastern Time. Key company executives, including CEO Federico Trucco and CFO Enrique Lopez Lecube, will host the call, which will be followed by a Q&A session. A press release detailing the results will be issued before the call. The conference will include a presentation accessible via webcast or the company's investor relations website. Interested parties can join using the provided toll-free and international dial-in numbers, with the conference ID 763481. A replay of the call will be available until September 17, 2024.
Bioceres Crop Solutions (NASDAQ: BIOX) reported its fiscal third quarter 2024 results, with total revenues of $84.0 million, down from $93.6 million in 3Q23.
The decrease was largely due to a $17 million drop in the Syngenta agreement compensatory payment.
GAAP net income stood at $9.8 million, while adjusted EBITDA was $21.1 million, both significantly lower than the previous year's figures.
Key developments include regulatory approval in Brazil for bio-insecticidal solutions and positive performance of HB4 Soy varieties, yielding a 7% improvement.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) CEO Federico Trucco to speak at the 2024 BMO Global Farm to Market Conference. Mr. Trucco will participate in the 'Agtech Disruption Across the Farming Value Chain' panel and conduct one-on-one meetings, aiming to showcase the company's innovations and future prospects.
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