JBS Announces Capex Reduction Plan and Deleveraging Targets for 2027
JBS reported challenging third-quarter results driven by adverse market conditions, including shifting international trade flows and margin pressure in the poultry sector. The company also noted that a global oversupply of pork has negatively impacted its recent performance. In response to these headwinds, JBS management signaled a strategic shift toward capital discipline. The company plans to reduce capital expenditures (capex) by approximately $500 million by 2027 and aims to lower its leverage ratio to below 3x by the end of that same year.
Tickers: $JBS
Topics: earnings report market conditions pork oversupply poultry margins