Welcome to our dedicated page for Lavoro news (Ticker: lvrow), a resource for investors and traders seeking the latest updates and insights on Lavoro stock.
Lavoro Limited (LVROW), the first U.S.-listed pure-play agricultural inputs retailer in Latin America, provides essential crop protection products, seeds, and fertilizers across Brazil, Colombia, and Uruguay. This page serves as the definitive source for official company announcements and market-related developments.
Access real-time updates on earnings reports, strategic partnerships, product innovations, and operational expansions. Our curated news collection helps stakeholders track LVROW's verticalized business model and its impact on Latin America's agribusiness sector.
Discover how Lavoro navigates inventory management challenges and liquidity constraints through its integrated supply chain. Stay informed about initiatives supporting sustainable farming practices and regional market penetration.
Bookmark this page for continuous access to verified press releases and analysis-free updates. Check regularly for new developments in crop care solutions and agricultural retail trends shaping Latin American markets.
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.
