JBS Reports Q3 Sales Growth as Adjusted EPS and EBITDA Decline

JBS reported third-quarter 2026 net sales of $22.74 billion on Nov. 09, 2026, while adjusted EBITDA fell 36% to $1.18 billion. Net income attributable to JBS shareholders declined to $164.4 million from $580.9 million, and adjusted EPS fell to $0.16 from $0.54. JBS cited difficult operating conditions across several businesses, although Beef North America returned to positive adjusted EBITDA.

Lower profitability and a net leverage ratio of 3.54x increase the financial pressure on JBS. JBS shares fell in after-hours trading after the results, according to material 3.

  • 1Third-quarter net sales were $22.74 billion versus $22.60 billion in the year-earlier quarter.
  • 2IFRS adjusted EBITDA was $1.18 billion, down 36% year over year.
  • 3Adjusted EPS attributable to JBS was $0.16 versus $0.54 in the third quarter of 2025.
  • 4Net income attributable to JBS shareholders was $164.4 million versus $580.9 million a year earlier.
  • 5JBS ended the quarter with net leverage of 3.54x.
  • 6Reported EPS was $0.15 versus a $0.32 analyst consensus estimate.
  • Only material 3 reports that JBS announced the $542 million acquisition of Flora and the $11 million purchase of Canal Rural from J&F Group; the other materials do not mention these transactions.
  • The materials report adjusted EPS of $0.16 and reported EPS of $0.15, which are different bases rather than a direct conflict.

Sources