Suzano S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 05:10 pm EDT
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Suzano S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 8,948.01 million compared to BRL 14,198.75 million a year ago. Net loss was BRL 732.99 million compared to net income of BRL 5,444.89 million a year ago. Basic loss per share from continuing operations was BRL 0.56846 compared to basic earnings per share from continuing operations of BRL 4.132 a year ago.
For the nine months, sales was BRL 29,384.03 million compared to BRL 35,461.24 million a year ago. Net income was BRL 9,577.51 million compared to BRL 15,925.23 million a year ago. Basic earnings per share from continuing operations was BRL 7.36825 compared to BRL 11.9089 a year ago. Diluted earnings per share from continuing operations was BRL 7.36549 compared to BRL 11.90699 a year ago.
Suzano SA, formerly Suzano Papel e Celulose SA is a Brazil-based forestry company. It is a developer of products made from eucalyptus forests and a vertically integrated producer of eucalyptus pulp and paper in Latin America. Its purpose is to manufacture, trade, import and export pulp, paper and other products. The Companyâs product portfolio includes coated and uncoated printing and writing paper, paperboard, tissue paper, market pulp and fluff pulp. Suzanoâs operations are divided into two segments: Pulp and Paper. The Pulp segment includes the production and commercialization of eucalyptus pulp for the foreign market, with the surplus destined for the domestic market, while the Paper segment covers the activities of production and sale of uncoated and coated paperboard and tissue. The Company has numerous subsidiaries, including Fibria Terminal de Celulose de Santos Spe SA, FuturaGene Biotechnology Shanghai Co Ltd and Suzano Pulp and Paper Europe SA.
SUZANO S.A. 
