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JBS Reports Best Quarter Ever

Nov 19, 2008 1:21 PM, Source: Northern Colorado Business Report

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.