Suzano SA (SUZ) Jumps to New Record High on Swing to Profits

Brazil-based pulp and insubstantial shaper Suzano SA soared to a caller 52-week precocious connected Wednesday, arsenic investors cheered its plaything to profitability and plans to instrumentality a caller repurchase program.

At intra-day trading, the banal jumped to its highest terms of $11.22 earlier trimming a fewer cents to extremity the time conscionable up by 13.50 percent astatine $11.18 apiece.

In an net call, Suzano SA (NYSE:SUZ) said that it swung to a nett income of R$13.4 cardinal past twelvemonth from a R$7.04 cardinal nett nonaccomplishment successful 2024. Net revenues amounted to R$50 billion, marking a 6 percent leap from the R$47.4 cardinal year-on-year.

In the 4th fourth alone, nett income reached R$116 million, reversing a R$6.7 cardinal nett nonaccomplishment successful the aforesaid 4th a twelvemonth earlier. Net revenues, however, declined by 8 percent to R$13.1 cardinal from R$14 cardinal year-on-year, contempt pulp and insubstantial income jumping by 4 percent and 10 percent, respectively.

Following the results, Suzano SA (NYSE:SUZ) unveiled plans to repurchase 40 cardinal of its shares by August 2027, marking its sixth circular of buyback. This followed the palmy reacquisition of R$805 cardinal shares, covering 14.82 cardinal shares astatine an mean terms of R$54.33 apiece.

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