JBS S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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JBS S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 91,409.46 million compared to BRL 98,928.16 million a year ago. Net income was BRL 572.65 million compared to BRL 4,013.61 million a year ago. Basic earnings per share from continuing operations was BRL 0.26 compared to BRL 1.81 a year ago.
For the nine months, sales was BRL 267,475.82 million compared to BRL 281,986.12 million a year ago. Net loss was BRL 1,143.58 million compared to net income of BRL 13,108.15 million a year ago. Basic loss per share from continuing operations was BRL 0.52 compared to basic earnings per share from continuing operations of BRL 5.87 a year ago.
JBS S.A. is one of the worldwide producers of beef. The group proposes carved beef and pork as well as prepared frozen products (cooked meats, sausages, mortadella, etc.). Products are marketed with food-processing industrialists, food retailers, supermarkets, restaurants, etc.
JBS also develops manufacturing of poultry products, milk products, leather items, hygiene products, pets foods, canned food activities, etc.
At the end of 2021, the group has over 500 production sites worldwide.
Net sales are distributed geographically as follows: South America (25%), the United States (74.1%) and other (0.9%).
JBS S.A. 
