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Lavoro Limited Class A Ordinary Shares (symbol: LVRO) operates as a prominent player in the agricultural inputs retail market, offering a broad range of products that support farmers in Brazil, Colombia, and Uruguay. With its roots firmly planted in the heart of South America’s agricultural belt, Lavoro is dedicated to the distribution of crop protection products, seeds, fertilizers, and specialty products.
The company is strategically divided into three main segments:
- Brazil Ag Retail: This segment focuses on distributing agricultural inputs within Brazil, which is a major revenue generator for the company due to the substantial agricultural activities in the region.
- Latam Ag Retail: Catering to markets outside Brazil, primarily in Colombia, this segment underscores Lavoro's commitment to serving the broader Latin American agricultural sector.
- Crop Care: This segment is dedicated to the sale of crop protection and care products, ensuring that farmers have access to the necessary tools to protect their crops from pests and diseases.
Lavoro’s robust performance is backed by its innovative approach and strong network of partnerships. The company has recently updated its FY2024 financial outlook, projecting consolidated revenue between $1.80 billion and $1.95 billion, with an adjusted EBITDA anticipated between $46 million and $55 million. This adjustment reflects market challenges, including the slower-than-expected recovery in distribution margins and the adverse effects of El Niño.
Notably, Lavoro has been active in mergers and acquisitions, integrating various entities to expand its operational footprint and strengthen its market position. The company’s financial health is well-reflected in its detailed financial statements, which are regularly updated to provide transparency to investors and stakeholders.
For more detailed information, including the latest financial highlights and business updates, investors can access the company’s Investor Relations website. Lavoro remains committed to supporting the agricultural community through innovative solutions and reliable products, ensuring a sustainable future for farming in the regions it serves.
Lavoro (LVRO) reported FY2024 revenue of $1.89 billion, up 5% year-over-year, driven by market share gains and sales volume growth despite input price deflation. However, gross profit decreased 19% to $268.4 million, with margins compressing by 430 basis points to 14.2%. The Crop Care segment showed strong performance with revenue rising 24% to $150.7 million. Net loss increased to $154.6 million from $43.7 million last year, reflecting lower gross profit, higher finance costs and tax headwinds. Adjusted EBITDA declined to $53.4 million from $150.1 million. For FY2025, the company expects consolidated revenue between $1.50-1.60 billion.
Lavoro (Nasdaq: LVRO; LVROW), the first U.S.-listed agricultural inputs retailer in Latin America, has announced its fiscal fourth quarter 2024 earnings conference call schedule. The company will release its financial results on Thursday, October 31, 2024, after market close. The conference call and audio webcast will be held on Friday, November 1, 2024, at 8:30 a.m. ET (9:30 a.m. BRT).
Participants can join the call using the following numbers: 1-877-407-9716 (U.S.) or 1-201-493-6779 (International). A replay will be available until November 15, 2024, by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) with passcode 13749070. The live audio webcast can be accessed through the Events section on Lavoro's Investor Relations website.
Lavoro (Nasdaq: LVRO), the first U.S.-listed pure-play agricultural inputs retailer in Latin America, has secured a new R$310 million (approximately USD$55 million) credit facility with a three-year term. This facility is financed through a newly established Agribusiness Credit Rights Investment Fund (FIDC-Fiagro), which will invest in agribusiness receivables sold to Lavoro. The proceeds will support Lavoro's working capital needs and other general corporate purposes.
This is Lavoro's second FIDC-Fiagro facility, following a R$160 million Fiagro established in 2022. The issuance is split into two series maturing in July 2027, managed by Kanastra Administração de Recursos, with Itaú BBA as the lead coordinator. The offering is exclusive to primary investors such as Itaú BBA and Itaú Asset.
Lavoro (Nasdaq: LVRO, LVROW) reported a 6% increase in 3Q24 revenue to $514.2 million, driven by market share gains and volume growth in Brazil and Colombia. However, gross profit fell 16% to $60.2 million due to input price deflation and an unfavorable sales mix. The Crop Care segment performed well, with revenue up 30% to $22.1 million and gross profit increasing 14% to $9.1 million. Net loss narrowed to $64.8 million from $74.3 million, attributed to the absence of last year's Nasdaq listing expenses. Adjusted EBITDA dropped to $3.7 million from $24.8 million, impacted by lower gross profit and higher operating expenses. Lavoro updated its FY2024 guidance in light of challenging market conditions, projecting consolidated revenue between $1.80 billion and $1.95 billion and Adjusted EBITDA between $46 million and $55 million.
Lavoro reported a 6% increase in revenue for Q3 2024, reaching $514.2 million. This growth was driven by market share gains and volume growth, despite deflation in input prices in Brazil and Colombia. However, gross profit dropped by 16% to $60.2 million, and net loss narrowed to $64.8 million from $74.3 million in the prior year. Adjusted EBITDA fell significantly from $24.8 million to $3.7 million due to lower gross profit and higher operating expenses. The Crop Care segment performed well, with a 30% increase in revenue to $22.1 million. Lavoro updated its FY2024 guidance due to challenging market conditions, projecting revenue between $1.80 billion and $1.95 billion, and Adjusted EBITDA between $46 million and $55 million. CEO Ruy Cunha noted that farmer profitability is expected to improve in the 2024/2025 crop year, but near-term challenges include delayed purchasing decisions and the impact of El Nino on farmer repayments.
Lavoro (Nasdaq: LVRO; LVROW), the first U.S.-listed agricultural inputs retailer in Latin America, will announce its fiscal third quarter 2024 results on June 3, 2024, after market close.
A conference call and webcast will be held at 6:00 p.m. ET (7:00 p.m. BRT) to discuss the results. Interested parties can join via provided U.S. and international phone numbers or access the live audio webcast through the company's investor relations website. A replay will be available until June 17, 2024.
Lavoro, a pure-play agricultural inputs distributor, will participate in the BMO Global Farm to Market Conference in NY on May 15-16, 2024. CEO Ruy Cunha will speak on AgTech Disruption Across the Farming Value Chain. The company will also host a presentation and provide a live webcast link for interested parties.
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