Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Q1 2025 Earnings Conference Call November 12, 2024 8:30 AM ET

Company Participants

Paula Savanti – Head-Investor Relations
Federico Trucco – Chief Executive Officer
Enrique López Lecube – Chief Financial Officer

Conference Call Participants

Ben Klieve – Lake Street Capital Markets
Kristen Owen – Oppenheimer
Kemp Dolliver – Brookline Capital Markets
Andrew Steinhardt – Canaccord Genuity

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Bioceres Crop Solutions Fiscal First Quarter 2025 Financial and Operational Results Call. All lines have been placed on mute during the presentation portion of the call with an opportunity for question and answer at the end. [Operator Instructions]

I would now like to turn the conference call over to Paula Savanti, Head of Investor Relations to begin.

Paula Savanti

Thank you and good morning to everyone on the call. Welcome to Bioceres Crop Solutions fiscal quarter 2025 first quarter earnings conference call. Our prepared remarks today will be led by our Chief Executive Officer, Federico Trucco; and our Chief Financial Officer, Enrique López Lecube.

Both of them will be available for the Q&A session following the presentation. During this call, we will make forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties.

I refer you to the forward-looking statements section of the earnings release and presentation as well as the recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed circumstances. Please note in today’s presentation, we’ll be making references to certain non-GAAP financial measures. Reconciliations of the non-GAAP financial measures can be found in our earnings press release and presentation. This conference call is being webcast and the webcast link is available at our Investor Relations website.

It is now my pleasure to turn the call over to Federico.

Federico Trucco

Thanks, Paula, and good morning to everyone. Thank you for participating in today’s call. Please turn to Slide 3. As farmers know better than anyone else, agriculture is a weather-dependent industry. And while as a company, we are dedicated to helping farmers better deal with this reality, we are not fully immune to these effects ourselves.

Total revenues in the quarter were $93.3 million, 20% below the year ago quarter impacted almost exclusively by the lack of rain in Argentina, which still accounts for a significant part of our business. This drop in sales affected our profitability metrics for the period, as Enrique will discuss in a minute.