JBS N.V. (JBS) Earnings Call Transcripts

JBS N.V.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, JBS N.V. reported net sales of $22 billion, marking an 11% increase year-over-year, driven by strong performance in various segments despite operational challenges. Net income stood at $222 million, with an EBITDA margin of 5.2%. Management indicated that while the current environment is challenging, they remain focused on operational excellence and cost discipline, with a cautious outlook for the remainder of the year, signaling that 2026 may be more challenging than 2025 due to ongoing market pressures.

Reported metrics

Guidance from management

Management expects 2026 to be more challenging than 2025, with a breakeven EBITDA range of $5.7 billion to $6 billion. They remain focused on cash generation and operational efficiency as key priorities.

What management said

So no, there wasn't anything extraordinary from a hedge perspective or even the whole strike situation, didn't have a meaningful impact on our quarterly results. So nothing to do that. It was simply margins, especially in January and February -- we're, for sure, very, very challenging and probably one of the most challenging periods we've ever seen in history. So talking about the next quarters, we expect obviously t...

Guilherme, related to Seara, [indiscernible] increasing its sales volume, both domestic and export demand for all of the products remain very strong. The only explanation is the FX. If you take the FX that compared to the last -- the quarters, you see the FX, the impact will be around 10%. And this is more than justify all of these the business is very strong. We are very confident with the results of Seara [indiscer...

What analysts pressed on

Analysts expressed concerns about the U.S. beef segment's prolonged challenges and the impact of higher cattle prices on demand. Questions were raised regarding the potential for capacity rationalization and the implications of regulatory changes in the cattle industry.

Main topics on the call

• Revenue Growth — JBS achieved record first-quarter net sales of $22 billion, reflecting an 11% year-over-year increase. CEO Gilberto Tomazoni stated, "Operational excellence, cost discipline, agility and long-term value creation delivere...
• U.S. Beef Segment Challenges — The U.S. beef segment faced significant headwinds, with EBITDA reported at negative $230 million and a margin of only 2.3%. Management acknowledged that "the environment remained very difficult" due to cattle supply issu...
• Cash Flow and Leverage — Free cash flow was negative at $1.5 billion, attributed to higher capital expenditures and working capital impacts. Leverage increased to 2.77x, with management emphasizing the need to maintain it within the 2x to 3x ran...
• Seara Performance — Seara reported an EBITDA margin of 15.5%, supported by strong export demand and innovation in value-added products. Despite currency pressures, management noted, "The outlook for poultry in Brazil remained positive, supp...

Read the full JBS N.V. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 JBS N.V. earnings call transcripts on record, spanning August 14, 2025 to May 13, 2026. Based on this history, JBS N.V. reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

JBS

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

4

First call

August 14, 2025

Most recent

May 13, 2026

Reporting cadence

quarterly