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Lavoro Reports Fiscal Fourth Quarter 2024 Earnings Results¹
LVROLavoro (LVRO) GlobeNewswire News Room·2024-10-31 23:21

FY2024 revenue of US1.89billionincreased51.89 billion increased 5% year-over-year (flat in BRL terms), driven by market share gains and sales volume growth mitigating deflationary input price headwinds. FY2024 gross profit decreased -19% to 268.4 million (-23% in BRL), with gross margins compressing by -430 basis points to 14.2%, primarily due to the input price deflation and a less favorable product category sales mix. The Crop Care2 segment was a standout performer for the year, with revenue rising 24% to $150.7 million for ...