M. Dias Branco Indústria e Comércio de Alimentos First Quarter 2024 Earnings: EPS: R$0.46 (vs R$0.21 in 1Q 2023)

M. Dias Branco Indústria e Comércio de Alimentos (BVMF:MDIA3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$2.14b (down 14% from 1Q 2023).
• Net income: R$154.9m (up 122% from 1Q 2023).
• Profit margin: 7.2% (up from 2.8% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: R$0.46 (up from R$0.21 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

M. Dias Branco Indústria e Comércio de Alimentos Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Food industry in Brazil.

Performance of the Brazilian Food industry.

The company's shares are down 1.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of M. Dias Branco Indústria e Comércio de Alimentos' balance sheet and an in-depth analysis of the company's financial position.

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