<div id="readability-page-1"><div> By Kelly Cloonan <pre></pre> JBS's first-quarter profit slid as a cattle shortage drove up costs in its beef segment. The Brazilian meatpacking conglomerate on Tuesday posted a profit of $220.6 million, or 20 cents a share, compared with $500.2 million, or 47 cents a share, a year earlier. Analysts surveyed by FactSet were looking for 20 cents a share. Revenue climbed 11% to $21.61 billion, compared with analyst estimates of $21.53 billion. The company said its North America beef business recorded record sales in the quarter, though its bottom line came under pressure from an increase in live cattle prices, driven by low cattle availability. Surging cattle prices have been weighing on meatpacking companies. Last week, rival Tyson Foods reported a steeper fiscal second-quarter loss in its beef division from the year-ago quarter, as its beef sales price rose while sales volumes fell. JBS also faced profit headwinds in the quarter in its Pilgrim's Pride poultry brand due to temporary plant stoppages, weaker commodity fundamentals and weather-related disruptions, the company said. By segment, sales in the company's beef business in North America rose 12%, while Pilgrim's Pride sales ticked up 1.6%. JBS' Brazil, Australia, U.S. pork and Seara brand segments also posted growth. JBS also said Tuesday it would begin filing reports with the Securities and Exchange Commission as a U.S. domestic company, a move aimed at aligning itself further with U.S. capital markets. The company said it will implement the change with its second-quarter results, with plans to report on Form 10-Q for the quarter-ending June 30. It expects to release the results for that quarter on Aug. 10. As a large accelerated filer, JBS will report its annual results on Form 10-K no later than 60 days after the end of each fiscal year, and its quarterly results on Form 10-Q no later than 40 days after the end of the first three quarters of each year. JBS was previously a 20-F filer and required to report its annual results within 120 days of the end of its fiscal year. JBS will also begin to file current reports on Form 8-K after the release of its first Form 10-Q, it said. The company said it plans to continue to prepare its financial statements in accordance with International Financial Reporting Standards. The change aims to align JBS further with U.S. capital markets, the company said. It may also expand JBS's eligibility for inclusion in more stock indices in the U.S., which the company said could help expand its investor base, increase liquidity and improve its global visibility. <pre></pre> Write to Kelly Cloonan at kelly.cloonan@wsj.com <pre></pre> (END) Dow Jones Newswires May 12, 2026 18:32 ET (22:32 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

JBSAY

FTXG

JBS reported a first-quarter profit of $220.6 million, down from $500.2 million a year earlier, due to rising cattle costs amid a shortage. Revenue increased 11% to $21.61 billion, surpassing analyst expectations. The company plans to file reports with the SEC as a U.S. domestic company, aiming to align with U.S. capital markets and potentially expand its investor base. JBS will report quarterly results on Form 10-Q starting with the second quarter, and continue using International Financial Reporting Standards for its financial statements.

JBS 1Q Profit Slides Amid Rising Cattle Costs — Update