Last $50.78 USD
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As of 5:15 PM 12/24/14 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. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Industrias Bachoco S.A.B. de C.V. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of MXN 10,615.0 million compared with MXN 9,437.0 million for the same period last year. Operating income was MXN 1,532.0 million compared with MXN 353.5 million for the same period last year. Net income was MXN 1,124.2 million compared with MXN 353.5 million for the same period last year. EBITDA Result was MXN 1,741.5 million compared with MXN 561.8 million for the same period last year. The increase in operating income is mainly attributed to higher gross income in third quarter of 2014 and more stable expenses. The net income increase is mainly attributed to a higher operating income. Adjusted EBITDA was MXN 1,740.8 million compared with MXN 642.7 million for the same period last year. For the nine months, the company reported net sales of MXN 30,867.2 million compared with MXN 29,972.4 million for the same period last year. Operating income was MXN 3,945.3 million compared with MXN 2,850.0 million for the same period last year. Net income was MXN 2,872.72 million compared with MXN 2,366.6 million for the same period last year. EBITDA Result was MXN 4,593.2 million compared with MXN 3,407.0 million for the same period last year. Net cash flow from operating activities was MXN 4,142.7 million compared with MXN 5,131.4 million for the same period last year. Acquisition of property, plant and equipment was MXN 826.0 million compared with MXN 419.4 million for the same period last year. Net majority income before income tax was MXN 4,109.3 million compared with MXN 2,958.3 million for the same period last year. The increase in sales is attributed to higher volume sold and better prices, mainly in the chicken business, as compared with the first nine months of 2013. Adjusted EBITDA was MXN 4,634.0 million compared with MXN 3,375.3 million for the same period last year.

Industrias Bachoco S.A.B. de C.V. to Report Q3, 2014 Results on Oct 22, 2014

Industrias Bachoco S.A.B. de C.V. announced that they will report Q3, 2014 results After-Market on Oct 22, 2014

Industrias Bachoco S.A.B. de C.V., Q3 2014 Earnings Call, Oct 23, 2014

Industrias Bachoco S.A.B. de C.V., Q3 2014 Earnings Call, Oct 23, 2014

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.

 

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