JBS reports $23 billion in Q3 net sales and announces Flora acquisition
JBS JBS NV
$12.40 -5.49%
View chart & analysis → - 1JBS recorded $23 billion in net sales and $1.2 billion in adjusted EBITDA on an IFRS basis for the third quarter.
- 2JBS announced the acquisition of 100% stake in Flora at an enterprise value of $542 million.
- 3The U.S. beef business returned to a positive adjusted EBITDA after two years of difficulty.
So what's the key point?
JBS earned $23 billion in the third quarter and decided to buy a company called Flora. The U.S. beef business has also started making a profit again, which is good news for the company.
Source The Motley Fool +1 · View original ↗
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