JBS N.V. (JBS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to JBS' first quarter of 2026 results conference call. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session and instructions will be given at that time. As a reminder, this conference is being recorded. Any statements eventually made during this conference call in connection with the company business outlook, projections, operating financial targets, and potential growth should be understood as merely forecasts based on the company's management expectations in relation to the future of JBS. Such expectations are highly dependent on the industry and marketing conditions and therefore are subject to change. Our president with us today, Gilberto Tamazoni, Global CEO of JBS, Xavier Michele Conti, Global Finio, CEO of JBS USA, and Christian Aziz, Investor Relations Director. Now, I'll turn the conference over to Gilberto Zamazzoni, Global CEO of JBS. Mr. Zamazzoni, you may begin your presentation. Good morning, everyone. Thank you for joining us today. The first quarter of 2026 was a challenging period for JBS. shaped by market volatility, seasonality, operational disruption, and change in a global trade flow. This is consistent with what we have been saying. We understand the nature of our business and the cycles we operate in, and we manage the company with that in mind. In the environment, we remain focused on what we can control. Operational excellence, cost, discipline, agility, and long-term value creation. JDS delivery net growth, sales growth of 11%, reaching $21 billion, U.S. dollars, and is a record for the first quarter. Net income was $221 million U.S. dollars. and EBITDA totaled approximately 1.1 billion U.S. dollars, with a margin of 5.2%. Leverage increased 2.77 times, reflecti...