Adecoagro S.A. (NYSE:AGRO) Q3 2024 Earnings Call Transcript November 14, 2024 10:00 AM ET
Company Participants
Mariano Bosch – CEO
Emilio Gnecco – CFO
Renato Pereira – VP, Sugar, Ethanol and Energy
Conference Call Participants
Bruno Tomazetto – Itau BBA
Isabella Simonato – Bank of America
Matheus Enfeldt – UBS
Operator
Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Adecoagro’s Third Quarter 2024 Results Conference Call. Today with us, we have Mr. Mariano Bosch, CEO; Mr. Emilio Gnecco, CFO; Mr. Renato Junqueira Pereira, Sugar, Ethanol and Energy VP; and Mrs. Victoria Cabello, Investor Relations Officer. We would like to inform you that this event is being recorded and all participants will be in a listen-only mode during the Company’s presentation. After the Company’s remarks are completed, there will be a question-and-answer section. At that time, further instructions will be given.
Before proceeding, let me mention that forward-looking statements are based on the beliefs and assumptions of Adecoagro’s management and on information currently available to the Company. They involve risks, uncertainties, and assumptions because they relate to future events and therefore, depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions, and other operating factors could also affect the future results of Adecoagro and could cause results to differ materially from those expressed in such forward-looking statements.
Now, I’ll turn the conference over to Mr. Mariano Bosch, CEO. Mr. Bosch, you may begin your conference.
Mariano Bosch
Good morning, and thank you for joining Adecoagro’s 2024 third quarter results conference. We have already committed $96 million to shareholder distribution. This includes $35 million in cash dividends, on top of the $61 million that we have already invested in share repurchases year-to-date. As we distribute cash to
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