Brazil processor sees best quarter, to date.
JBS S.A., the Brazil-based parent company of JBS Swift, reported its best consolidated quarter in company history.
JBS saw a net income of $327.2 million for the third quarter. Revenue was up 48.5 percent to $3.66 billion compared to the same period last year. The EBITDA, earnings before interest, taxes, depreciation and amortization, for the Greeley-based U.S. beef segment, before interest, was $155.6 million. During the third quarter of 2007, the segment lost $11.6 million.
The U.S. pork segment also saw a year-over-year increase in EBITDA, up 236 percent to $52.1 million.