Business
JBS N.V. (JBS) Q2 2026 Earnings Call Transcript
Operator
Good morning, and welcome to JBS Second Quarter of 2026 Results Conference Call. [Operator Instructions] 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 and financial targets and potential growth should be understood as merely forecast based on the company’s management expectations in relation to the future of JBS. Such expectations are highly dependent on the industry and market conditions and therefore, are subject to change.
Are present with us today, Gilberto Tomazoni, Global CEO of JBS; Guilherme Cavalcanti, Global CFO of JBS; Wesley Batista Filho, CEO of JBS USA; and Christiane Assis, Investor Relations Director.
Now I’ll turn the conference over to Gilberto Tomazoni. Mr. Tomazoni, you may begin your presentation.
The General Motors global headquarters in Detroit, Jan. 12, 2026.
Jeff Kowalsky | Bloomberg | Getty Images
DETROIT — General Motors has reached a unique, multibillion-dollar parts deal as it aims to preserve cash and prevent supply chain disruptions like ones that have hit the global automotive industry this decade.
In a public filing Tuesday, GM said the up to $4.5 billion purchasing agreement includes a company called Procura Auto Parts that specializes in sourcing rare or critical parts. It will receive funding through a bank syndicate led by JPMorgan Chase and Banco Santander to prepay select suppliers on behalf of GM.
In return, GM will issue formal promises, or IPUs, to pay back the company after it uses the parts in production, no later than July 31, 2029. The deal allows GM to keep inventory costs off its books, while better securing future parts.
GM pays interest, plus an agreed upon premium on what’s used, as well a customary annual fee on the unused portion during that year, according to the filing. For accounting purposes, the prepayments show up as an asset and each purchase is booked as unsecured debt, and the cash flows are shown as if GM paid suppliers directly, the filing said.
These payments are excluded from adjusted automotive free cash flow until GM actually buys the inventory. The company typically books the capital within 90 days of purchase.
GM declined to disclose what parts the company may be targeting. Problematic parts for the automotive industry have included semiconductor chips, including dynamic random access memory, rare earths and wire harnesses.
The deal follows years of global automotive supply chain issues and comes after GM and other automakers reevaluated their sourcing or parts following U.S. tariffs and a push to move away from Chinese companies.
GM established the deal with Procura and the banks on Friday, according to the filing.
I’m a lifelong entrepreneur who, alongside my other ventures, has always made time for the markets. Driven by genuine passion, I’ve been active with varying intensity for roughly 30 years, gaining perspective across multiple market cycles. I’ve built a company from scratch and operated as an entrepreneur in the food industry, lodging, and real estate, which has given me a strong, ground‑level understanding of how businesses really work. Because of that background, I always see the company behind the stock, and I like to keep the narrative and the numbers connected.The first twenty years of my market experience ran in parallel with other ventures — at times more like a hobby — but the last decade has been fully focused on the markets. Having gone through the 2000s dot‑com bubble and the 2008 subprime crisis with real skin in the game, I see both as extremely valuable lessons. I genuinely believe you learn far more from painful mistakes than from easy wins.In recent years I’ve experimented with different trading strategies, mostly built around options. I’ve won big and lost big, and in the process gained a much‑needed understanding of what prudent risk management really means — and how painful it is when it’s not implemented well. Even when I take more risk on the trading side, I keep my long‑term buy‑and‑hold positions completely separate from trading assets.My academic background is in Economics, and I’ve recently refreshed that foundation through a course aligned with the CFA curriculum, focused on securities valuation and risk management. I’m a believer in lifelong learning — it keeps you connected to new theories and how they’re applied. At the same time, I take Jesse Livermore’s century‑old, simple market truths as a core part of how I interpret everyday market behavior. I find real value in combining academic structure with Livermore‑style simple rules to gain a better understanding of the bigger picture.My passion is finding mispriced assets or situations the market may be overlooking or misinterpreting. With a deep interest in history and geopolitics, I tend to look at situations from a broader perspective. And when making investment bets, I like to keep in mind the old Gretzky quote: “I skate to where the puck is going to be, not where it has been.”
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Intel to Sell $15 Billion of Common Stock
Why JPMorgan Raised Its S&P 500 Target Despite Looming September Risks
SINTX projects Q3 revenue of $900,000 to $1.1 million
Business
Exclusive-Bolsonaro campaign drafts debt-linked fiscal rule to replace Brazil framework, sources say
Exclusive-Bolsonaro campaign drafts debt-linked fiscal rule to replace Brazil framework, sources say
Itron at Oppenheimer conference: platform push meets long utility cycles
Since 24×7 trading in 1-ounce Gold futures began on July 24, more than 53,000 contracts worth about $219 million have traded during expanded weekend sessions, CME said.
The exchange operator said its 1-ounce Gold contract represents the largest liquidity pool for weekend gold futures trading. Both the 1-ounce Gold and 100-ounce Silver contracts offer smaller notional exposure designed to appeal to retail traders.
CME’s metals business posted a record average daily volume of 1.3 million contracts in the first half of the year, up 55% from a year earlier, largely driven by precious metals trading. Its silver futures also recorded an average daily notional value of $50 billion during the period.
The 100-ounce Silver futures contract, launched in February 2026, recorded an average daily volume of 17,800 contracts in the first half of the year. The contract is financially settled against the daily settlement price of the benchmark COMEX 5,000-ounce Silver futures contract and is listed on and subject to COMEX rules.
The September launch of round-the-clock silver futures trading remains subject to regulatory review.
Mary Mabey, ATN International SVP, sells $160,625 in stock
Here are the details:
The Securities and Exchange Board of India has proposed expanding its gold-backed Electronic Gold Receipts (EGR) framework to cover all physical bullion underlying SEBI-regulated products, including bullion exchange-traded funds and derivatives, according to a consultation paper.
Vault managers store physical gold that backs electronic gold receipts, which investors can trade on exchanges.
India is one of the world’s largest consumers of gold, and the electronic gold market has expanded in recent years as more investors seek alternatives to holding physical bullion.
The consultation paper also proposed a circular outlining the framework for EGRs, along with operational guidelines for vaulting services across all SEBI-specified bullion-related instruments.
SEBI has invited public comments on the consultation paper until September 1.
Taxi driver with nine points has taxi licence refused
GM makes $4.5 billion parts deal to bolster supply chain
'We Are Lady Parts' Is One of TIME's 50 Most Underappreciated TV Shows
-
Fashion4 days agoWeekend Open Thread: Mattifying Sunscreen
-
Fashion4 days agoFrugal Friday’s Workwear Report: Cap-Sleeve Pointelle Crewneck Sweater
-
Sports6 days agoJordan Coyle & Cordiamo take Laya Arena Stakes at RDS
-
News Videos3 days agoCan Astrology Help Find Gold and Silver Trends? A Financial Astrology Guide
-
Business6 days agoUS stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq
-
Politics5 days agoReform UK And Greens Sink To Lowest Favourability Ratings To Date
-
Business7 days agoNvidia Stock Climbs 2.5% as Chip Sector Rally Builds Ahead of AMD Earnings, Nvidia’s Own Report Looms
-
Tech7 days agoOpenAI, Anthropic AI agents targeted real people and systems in cyber tests
-
Business6 days agoSupply chain issues impact Ingredion
-
Tech4 days agoRinn Pharma & Biopharma to join NordicPharmaTrain network
-
Business3 days agoHow to Start a Cleaning Business: A Step-by-Step Guide
-
Crypto World7 days agoDow and S&P 500 Hit Records on AI Earnings: When Will the Bubble Burst?
-
Business2 days agoDatadog: Best Of Breed For Multiple Reasons
-
Business3 days agoBDC Weekly Review: Private BDC Q2 Numbers Are Strong
-
Business7 days agoMcDonald’s (MCD) Q2 2026 earnings
-
Crypto World7 days agoDollar Index Trapped at 100 as Hawkish Fed Meets Official Selling
-
Fashion7 days agoThe Bright Side of Black and White
-
Fashion6 days agoSuit of the Week: Me + Em
-
Business7 days agoApple UK encryption challenge filed against Home Office
-
Sports6 days ago
Spider-Man: Brand New Day ending explained: Is Peter Parker alive?
You must be logged in to post a comment Login