JBS S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 21, 2023 at 06:28 pm EDT
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JBS S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was BRL 92,865 million compared to BRL 97,192 million a year ago. Net income was BRL 2,350 million compared to BRL 6,473 million a year ago. Basic earnings per share from continuing operations was BRL 1.06 compared to BRL 2.69 a year ago.
For the full year, the company reported sales was BRL 374,851.6 million compared to BRL 350,695.6 million a year ago. Net income was BRL 15,457.8 million compared to BRL 20,486.6 million a year ago. Basic earnings per share from continuing operations was BRL 6.93 compared to BRL 8.26 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. 
