Fri, May 9, 4:07 PM (40 days ago)
**U.S. Premium Beef, LLC (USPB) Q1 2025 Financial Summary** **Company Overview:** U.S. Premium Beef, LLC (USPB) is a Delaware-based company focused on managing investments in National Beef Packing Company, LLC (NBP). USPB's primary business is facilitating the delivery of cattle to NBP for processing and subsequent product distribution. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** No net sales reported for both periods. - **Operating Loss:** Approximately $1.0 million for both periods. - **Net Loss:** $10.6 million for Q1 2025, compared to a net income of $0.7 million in Q1 2024. The significant increase in net loss is primarily due to a $10.3 million equity in net loss from NBP. - **Interest Income:** $0.6 million in Q1 2025, down from $0.9 million in Q1 2024. - **Cash Flow:** - **Operating Activities:** Net cash used was $1.0 million in Q1 2025, slightly higher than $0.8 million in Q1 2024. - **Investing Activities:** Net cash used was $9.8 million in Q1 2025, down from $20.0 million in Q1 2024 due to fewer investments in Certificates of Deposit. - **Financing Activities:** No cash used in Q1 2025, compared to $3.3 million in Q1 2024 due to no distributions in the current period. **Financial Health:** - **Liquidity:** As of March 29, 2025, USPB had net working capital of approximately $67.2 million, including $28.2 million in cash and cash equivalents. - **Debt:** No long-term debt outstanding. USPB has a $1.0 million revolving term credit commitment with CoBank, all of which was available as of March 29, 2025. - **Investment in NBP:** USPB's 15.0729% investment in NBP is accounted for using the equity method. The investment value decreased from $169.4 million to $159.1 million due to NBP's net loss. **Future Operations and Uncertainties:** - **Legal Proceedings:** NBP is involved in multiple lawsuits and investigations, which could impact USPB's financial position. - **Market Risks:** USPB is exposed to interest rate risk, although it had no outstanding debt as of March 29, 2025. - **Forward-Looking Statements:** USPB's future performance is subject to various risks and uncertainties, including economic conditions, commodity prices, and competitive practices. **Ticker:** USPB is not traded on an exchange or in any public market.