In This Article:
Adecoagro (NYSE:AGRO) Full Year 2024 Results
Key Financial Results
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Revenue: US$1.52b (up 17% from FY 2023).
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Net income: US$92.3m (down 59% from FY 2023).
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Profit margin: 6.1% (down from 17% in FY 2023).
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EPS: US$0.90 (down from US$2.11 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Adecoagro EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%.
The primary driver behind last 12 months revenue was the Sugar, Ethanol and Energy segment contributing a total revenue of US$708.0m (47% of total revenue). Notably, cost of sales worth US$1.16b amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$115.5m (43% of total expenses). Explore how AGRO's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 2.2% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Adecoagro.
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