Last $54.56 USD
Change Today -0.56 / -1.02%
Volume 12.2K
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As of 2:35 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

industrias bachoco sab sp ad (IBA) Key Developments

Industrias Bachoco S.A.B. de C.V., Q2 2014 Earnings Call, Jul 24, 2014

Industrias Bachoco S.A.B. de C.V., Q2 2014 Earnings Call, Jul 24, 2014

Industrias Bachoco, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Industrias Bachoco, S.A.B. de C.V. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second quarter, the company reported net sales of MXN 10,608.8 million against MXN 10,546.6 million for the same period in the last year. The increase is a result of more volume sold and solid chicken and swine prices during most of the quarter; this was partially offset with lower sales in eggs and balanced feed products caused by lower prices when compared to second quarter of 2013. Operating income was MXN 1,530.1 million against MXN 1,715.5 million for the same period in the last year. The decrease in operating income is mainly attributed to lower gross income in second quarter of 2014 and larger operating expenses. Net income was MXN 1,088.9 million or MXN 1.81 earnings per basic and diluted share against MXN 1,371.8 million or MXN 2.29 earnings per basic and diluted share for the same period in the last year. EBITDA was MXN 1,745.7 million compared to MXN 1,898.4 million for the same period in the last year. Adjusted EBITDA was MXN 1,752.2 million against MXN 1,863.0 million for the same period in the last year. Total CAPEX was MXN 184.5 million. For the six months, the company reported net sales of MXN 20,252.2 million against MXN 20,535.4 million for the same period in the last year. The decrease in sales is attributed to higher volume sold and lower prices as compared with the first half of 2013. Operating income was MXN 2,413.1 million against MXN 2,476.9 million for the same period in the last year. Net income was MXN 1,748.5 million or MXN 2.91 earnings per basic and diluted share against MXN 2,012.8 million or MXN 3.35 earnings per basic and diluted share for the same period in the last year. EBITDA was MXN 2,851.7 million compared to MXN 2,842.9 million for the same period in the last year. Adjusted EBITDA was MXN 2,893.2 million against MXN 2,730.4 million for the same period in the last year. Net debt as of June 30, 2014 was negative for MXN 7,170.9 million, compared with a negative net debt of MXN 5,653.2 million as of December 31, 2013. Total CAPEX was MXN 474.9 million. Net cash flow from operating activities was MXN 2,710.9 million against MXN 2,110.8 million for the same period in the last year. Acquisition of property, plant and equipment was MXN 474.9 million against MXN 111.2 million for the same period in the last year.

Industrias Bachoco S.A.B. de C.V. Presents at BMO Capital Markets 2014 Farm to Market Conference, May-21-2014 08:30 AM

Industrias Bachoco S.A.B. de C.V. Presents at BMO Capital Markets 2014 Farm to Market Conference, May-21-2014 08:30 AM. Venue: Grand Hyatt, New York, New York, United States. Speakers: Daniel Salazar Ferrer, Chief Financial Officer, Rodolfo Ramos Arvizu, Chief Executive Officer.

Industrias Bachoco, S.A.B. de C.V. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Industrias Bachoco, S.A.B. de C.V. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total net sales of MXN 9,643.4 million, MXN 345.3 million or 3.5% below the MXN 9,988.8 million reported in first quarter of 2013. Operating income was MXN 882.9 million compared to MXN 761.1 million last year. Net income was MXN 659.7 million or MXN 1.10 per basic and diluted share compared to MXN 637.7 million or MXN 1.06 per basic and diluted share million last year. Basic and diluted earnings per ADR were MXN 13.20 compared to MXN 12.76 per share last year. EBITDA was MXN 1,106.1 million compared to MXN 944.3 million last year. Adjusted EBITDA was MXN 1,141.1 million compared to MXN 867.1 million last year. Net debt as of March 31, 2014 was negative MXN 5,664.7 million, compared with a negative net debt of MXN 5,653.2 million as of December 31, 2013. Capital Expenditures were MXN 290.4 million compared to MXN 111.2 million last year. Net cash flow from operating activities was MXN 827.2 million compared to MXN 2,110.8 million last year.

Industrias Bachoco S.A.B. de C.V. to Report Q1, 2014 Results on Apr 29, 2014

Industrias Bachoco S.A.B. de C.V. announced that they will report Q1, 2014 results After-Market on Apr 29, 2014

 

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TEV/Sales 0.6x
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