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Wednesday / April 16. 2025

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HomePosts Tagged "EBITDA"
Company News, Finance, World

Significant cost mitigation actions were initiated, reducing previously expected operating expenses in the second half by $60 to $70 million.

FMC Corporation provided an update for its expectations on the second quarter and full-year 2023 outlook1. Revenue in the second quarter is now expected to be between $1.00 billion and $1.03 billion. Adjusted EBITDA is expected to be in the range of $185 million to $190 million. The revised guidance is driven by substantially lower-than-expected volumes due to an abrupt and significant reduction in inventory by channel partners, which only became evident towards the end of May and continued through the remainder of the quarter in North America, Latin America and EMEA.

Based on current channel dynamics, the Company is revising its full-year financial outlook, with revenue now expected to be $5.20 billion to $5.40 billion. Adjusted EBITDA for the full year is now expected to be $1.30 billion to $1.40 billion.

“Towards the end of May, we experienced unforeseen and unprecedented volume declines in three out of our four operating regions, as our channel partners rapidly reduced inventory levels,” said Mark Douglas, FMC president and chief executive officer. “Our full-year revenue outlook and adjusted EBITDA have been revised to reflect these channel dynamics and their impact on volumes, as well as the benefit from improved input costs and the significant operating cost mitigation actions we have already implemented.

“Even as we manage through this market contraction and significant inventory reduction by our channel partners, on-the-ground consumption of our products remains strong and at similar levels to last year,” Douglas said.

Information in this news release is preliminary and excludes the outlook on adjusted earnings per share and free cash flow, which will be updated at the second quarter 2023 earnings call. FMC will announce its second quarter 2023 earnings on Wednesday, August 2, 2023, after the stock market close with a webcast conference call on Thursday, August 3, 2023, at 9:00 a.m. ET. 

Significant cost mitigation actions were initiated, reducing

Company News, Dairy, Industry Reports / Analysis, Latin America, Live Stock, World

For the third consecutive year, the company was listed in the 2022/2023 Corporate Sustainability Index (ISE)

Minerva Foods a leader in the export of fresh beef and cattle byproducts in South America, and which also operates in the processed segment, informs its annual results related to 2022.

Consolidated gross revenue for the year was R$ 32,9 billion, up by 15 per cent year on year, with exports reaching approximately 70 per cent of revenue, reinforcing Minerva Foods’ leadership in beef exports in South America with a market share of approximately 20 per cent.

EBITDA, in turn, was R$ 2,8 billion in 2022, up by 17,6 per cent year on year, with an EBITDA margin of 9,2 per cent. Adjusted EBITDA, covering the performance of the Australian Lamb Company (ALC) acquisition at the end of the year, totalled R$ 31 billion.

Another highlight was net income, which totalled R$ 655 million in the year, up by approximately 10 per cent in 2021. 

Net leverage, adjusted for the acquisition of ALC (Australian Lamb Company) by 2,15x Net Debt/EBITDA, reached the lowest level since 2007. Cash generation was R$ 647 million in the year. In the last five years, Minerva Foods generated a significant R$ 5 billion in free cash flow.

For the third consecutive year, the company was listed in the 2022/2023 Corporate Sustainability Index (ISE) and the Efficient Carbon Index (ICO2), and for the first year, it was listed in the 2022/2023 CDP Brazil Climate Resilience Index (ICDPR70). All three indexes are present in the Brazilian stock exchange, B3.

For the third consecutive year, the company

Environment, Finance, World

The first-quarter EBITDA excl. special items was posted at $1,346 million

Leading crop nutrition company Yara has posted first-quarter operating income of $1,039 million compared with $322 million a year earlier.

The first-quarter EBITDA excl. special items was posted at $1,346 million, compared with $585 million a year earlier. Net income attributable to shareholders of the parent was $944 million ($3.71 per share) compared with $13 million ($0.05 per share) a year earlier.

Yara’s industry fundamentals are robust, as the twin challenges of resource efficiency and environmental footprint require significant transformations within both agriculture and the hydrogen economy. Yara’s leading food solutions and ammonia positions are well placed to both address and create business opportunities from these challenges.

The first-quarter EBITDA excl. special items was

Finance, Logistics

The company posts EBITDA of Rs 19 crore

Snowman Logistics recorded revenue of Rs 73.40 crore against Rs 60.18 crore in Q3 FY20-21. The EBITDA increased by 11 per cent to Rs 19.40 crore from Rs 17.45 crore in the corresponding quarter of the previous year. PBT decreased to Rs 1.05 crore from Rs 1.42 crore in the corresponding quarter of the previous year and PAT decreased to Rs 0.83 crore in the current quarter from ₹1.42 crore in the same period in the previous year.

The company posts EBITDA of Rs 19