Earnings Call Summary | Lavoro(LVRO.US) Q2 2024 Earnings Conference
Earnings Call Summary | Lavoro(LVRO.US) Q2 2024 Earnings Conference
The following is a summary of the Lavoro Limited (LVRO) Q2 2024 Earnings Call Transcript:
以下是Lavoro Limited（LVRO）2024年第二季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
Lavoro reported a slight revenue increase in Q2, reaching $618 million.
A notable success was the 20% growth in Crop Care's revenues and gross profits.
However, Q2 gross profit and adjusted EBITDA saw decreases of 17% and 48% respectively over the prior year period.
Gross profit contracted to 16.7% due to a decrease of 17% to $103 million.
Adjusted EBITDA declined significantly to $40.1 million, down by $37.4 million from the previous year, constricting the EBITDA margin to 6.5%.
Increased selling, general, and administrative expenses by 300 basis points to 11.3% impacted the bottom line as it led the adjusted net profit to decline by $34.8 million to $2.6 million.
Lavoro报告称，第二季度收入略有增长，达到6.18亿美元。
一个显著的成功是Crop Care的收入和毛利润增长了20％。
但是，第二季度的毛利润和调整后的息税折旧摊销前利润分别比上年下降了17％和48％。
由于下降17％至1.03亿美元，毛利收缩至16.7％。
调整后的息税折旧摊销前利润大幅下降至4,010万美元，比上年下降3,740万美元，使息税折旧摊销前利润率缩小至6.5％。
销售、一般和管理费用增加了300个基点至11.3％，影响了利润，这导致调整后的净利润下降了3,480万美元，至260万美元。
Business Progress:
业务进展：
Lavoro managed to achieve substantial volume growth in crop protection, fertilizers, and specialty products by 46%, 63%, and 29% respectively.
Industry transformation is anticipated due to current market landscape according to Lavoro.
Strategic sales force enhancement with the hiring of over 1,040 RTVs in Brazil contributed to the company's market share gain.
Lavoro experienced revenue growth in its Brazil Ag Retail and Crop Care segments, with the latter driven by specialty fertilizer product Integra and strategic acquisitions.
Even in the drought-affected areas, the company remains committed to meeting farmers' needs, and plans to focus its increased R&D expenditure on hiring new experienced sales consultants to promote sales growth in the next financial year.
Lavoro成功实现了作物保护、肥料和特种产品的销量分别大幅增长了46％、63％和29％。
根据Lavoro的说法，由于当前的市场格局，预计行业将发生转型。
在巴西招聘了超过1,040辆RTV，从而增强了战略销售队伍，这为公司的市场份额增长做出了贡献。
Lavoro在巴西农业零售和作物护理板块实现了收入增长，后者受特种肥料产品Integra和战略收购的推动。
即使在受干旱影响的地区，该公司仍致力于满足农民的需求，并计划将增加的研发支出集中在雇用新的经验丰富的销售顾问上，以促进下一个财政年度的销售增长。
More details: Lavoro IR
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译文内容由第三方软件翻译。