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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, the first U.S.-listed pure-play agricultural inputs distributor in Latin America, successfully completed its business combination with TPB Acquisition Corp. I on February 28, 2023, with shares trading under the ticker LVRO beginning March 1, 2023. In the first half of fiscal 2023, Lavoro reported a 45% revenue increase to $1.0 billion, driven by agricultural retail sales and private label products. Gross margin improved by 300 basis points to 20.4%, with profits rising 68% to $50 million and Adjusted EBITDA escalating 88% to $118.5 million. The company also highlighted its expansion strategy with four recent acquisitions, enhancing its market presence in Brazil and entering markets in Chile and Peru. Looking ahead, Lavoro anticipates pro forma revenue of $2.74 billion and Adjusted EBITDA of $210 million for the full fiscal year 2023.
Lavoro Limited (NASDAQ: LVRO; LVROW) has successfully completed its business combination with TPB Acquisition Corp. I on February 28, 2023, and began trading on Nasdaq on March 1, 2023. The company reported a significant jump in revenue for the first half of fiscal 2023, achieving $1.0 billion, a 45% increase compared to the previous year, primarily due to growth in agricultural retail sales and private label products. Adjusted EBITDA surged 88% to $118.5 million. The company will announce detailed earnings on April 10, 2023, indicating a positive outlook for the remainder of the fiscal year.
Lavoro Limited (Nasdaq: LVRO; LVROW) has announced its acquisition of a controlling interest in Referência Agroinsumos, marking its first retail distribution operation in Brazil's Rio Grande do Sul state. Founded in 2006, Referência boasts nine distribution locations and serves over 2,000 customers, with a reported net revenue of approximately
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