Lavoro Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
March 07, 2024 at 04:54 pm EST
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Lavoro Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was BRL 3,065.9 million compared to BRL 3,220.21 million a year ago. Net loss was BRL 15.01 million compared to net income of BRL 149.7 million a year ago. Basic loss per share from continuing operations was BRL 0.13 compared to basic earnings per share from continuing operations of BRL 1.32 a year ago. Diluted loss per share from continuing operations was BRL 0.13 compared to diluted earnings per share from continuing operations of BRL 1.29 a year ago.
For the six months, sales was BRL 5,431.86 million compared to BRL 5,506.18 million a year ago. Net loss was BRL 81.55 million compared to net income of BRL 209.31 million a year ago. Basic loss per share from continuing operations was BRL 0.72 compared to basic earnings per share from continuing operations of BRL 1.84 a year ago. Diluted loss per share from continuing operations was BRL 0.72 compared to diluted earnings per share from continuing operations of BRL 1.82 a year ago.
Lavoro Limited is a Brazil-based agricultural input retailer and a provider of agriculture biologics inputs. The Company has three reportable segments: the Brazil Cluster, which comprises companies dedicated to the distribution of agricultural inputs such as crop protection, seeds, fertilizers and specialty products, in Brazil; the LATAM Cluster, which includes companies dedicated to the distribution ofagricultural inputs outside Brazil primarily in Colombia; as well as the Crop Care Cluster, which includes companies that produce and import Lavoro's own portfolio of private label products including off-patent crop protection and specialty products, e.g., biologicals and specialty fertilizers. The main crops served are: soy, corn, cotton, coffee, beans, rice, sugar cane, wheat, citrus and pastures. The Company has a broad geographical presence, operating in Brazil, Colombia, and Uruguay.
LAVORO LIMITED 
