JBS Q3 Profit Plunges 71.7% to $164M; Leverage Rises to 3.54x

JBS reported a 71.7% year-over-year drop in Q3 net profit to US$164.4 million, with adjusted EBITDA down 35.6% and leverage climbing to 3.54x, despite flat revenue of US$22.7 billion. The sharp margin compression signals ongoing pressure from soft protein prices and higher input costs. The result is a negative earnings signal for the company and may weigh on its equity and credit spreads.

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