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JBT Marel Completes Major Customer Innovation Center Renovation
Businesswire· 2026-02-27 14:26
LAKELAND, Fla.--(BUSINESS WIRE)--JBT Marel, the global leader in advanced automation for the food and beverage industry, today unveiled the newly renovated Customer Innovation Center (CIC) in Lakeland, Florida. The renovated facility is now JBT Marel's premier customer destination for sustainable food tech—from production of fresh fruit and vegetables to ready meals to beverages and dairy. JBT Marel's dozens of CIC facilities around the world enable customers to work side by side with experts t. ...
All You Need to Know About JBT (JBTM) Rating Upgrade to Buy
ZACKS· 2026-02-26 18:01
Investors might want to bet on JBT Marel (JBTM) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since ...
John Bean Technologies(JBT) - 2025 Q4 - Earnings Call Transcript
2026-02-24 16:02
Financial Data and Key Metrics Changes - The company achieved full-year consolidated revenue of $3.8 billion, exceeding the high end of guidance, driven by strong demand and successful backlog conversion [8] - Adjusted earnings per share for 2025 was $6.41, representing first-year earnings accretion compared to legacy JBT's 2024 adjusted earnings of $6.15 [11] - Consolidated adjusted EBITDA was $600 million, with a margin of 15.8%, aligning with guidance [9] - The leverage ratio improved to less than 2.9 times by year-end 2025, down from just below 4 times at the transaction completion [11] Business Line Data and Key Metrics Changes - Revenue for the Protein Solutions segment was $1.7 billion, while the Prepared Food and Beverage Solutions segment generated $2.1 billion [9] - Adjusted EBITDA margin for Protein Solutions was 20.1%, and for Prepared Food and Beverage Solutions, it was 17.2% [9] - The company captured $30 million in order synergies for the full year, with more than half realized in the fourth quarter [7] Market Data and Key Metrics Changes - Full-year orders reached $3.8 billion, with over $1 billion in the fourth quarter, primarily driven by strong demand in the poultry market [5] - The poultry sector showed significant recovery after two years of underinvestment, contributing to overall order strength [5] - Gains were observed across all regions in 2025, with poultry being a leading food category due to its affordability and health benefits [5] Company Strategy and Development Direction - The company plans to invest in strengthening its offerings and providing integrated solutions across key product lines [7] - Future growth is expected to be supported by continued investment momentum in the poultry industry and renewed investment in prepared foods [17] - The company aims to achieve $150 million in run rate synergy savings by the end of 2027 [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued investment momentum in the poultry equipment demand into 2026 [17] - The impact of higher tariffs was acknowledged, with an estimated cost of approximately $43 million for the year, affecting adjusted EBITDA margins [10] - The company anticipates healthy year-over-year growth in revenue, margins, and earnings for 2026, with guidance for adjusted earnings per share of $8.00-$8.50 [14] Other Important Information - The company has begun assessing the potential impact of recent Supreme Court news on tariffs for 2026 [13] - The upcoming Investor Day is scheduled for March 26, where further details on strategic growth priorities will be provided [17] Q&A Session Summary Question: Order dynamics in the fourth quarter - Management noted that poultry remains the leader across all categories, with expectations for a recovery in AGV as they move into 2026 [22] Question: Synergies between R&D and SG&A - Synergy savings were predominantly in SG&A, with no specific guidance provided for R&D and SG&A for 2026 [24] Question: Top-line growth differentiation for 2026 - Revenue growth for Protein Solutions is expected to be at the higher end of the 5%-7% range, while Prepared Food and Beverage is anticipated at the lower end [36] Question: Tariff impacts and pricing strategies - Management indicated that they have included some mitigation on pricing in their forecast, expecting a net negative impact of 25 to 50 basis points for the full year [41] Question: Sales synergies for 2025 and guidance for 2026 - The company is ahead of pace on original synergy targets, with $30 million captured in 2025 and expectations to provide updated guidance at the Investor Day [60]
John Bean Technologies(JBT) - 2025 Q4 - Earnings Call Transcript
2026-02-24 16:02
Financial Data and Key Metrics Changes - The company achieved full-year consolidated revenue of $3.8 billion, exceeding the high end of guidance, driven by strong demand and successful backlog conversion [8] - Adjusted earnings per share for 2025 was $6.41, representing first-year earnings accretion compared to legacy JBT's 2024 adjusted earnings of $6.15 [11] - Consolidated adjusted EBITDA was $600 million, with a margin of 15.8%, at the midpoint of guidance [9] - The leverage ratio improved to less than 2.9 times by year-end 2025, down from just below 4 times at the transaction completion [11] Business Line Data and Key Metrics Changes - Revenue for the Protein Solutions segment was $1.7 billion, while the Prepared Food and Beverage Solutions segment generated $2.1 billion [9] - Adjusted EBITDA margin for Protein Solutions was 20.1%, and for Food and Beverage Solutions, it was 17.2% [9] - The company captured $30 million in order synergies for the full year, with more than half realized in the fourth quarter [7] Market Data and Key Metrics Changes - Full-year orders reached $3.8 billion, with over $1 billion in the fourth quarter, primarily driven by strong demand in the poultry market [5] - The poultry sector showed a sharp recovery after two years of underinvestment, contributing significantly to order strength [5] - Gains were observed across all regions in 2025, with poultry being a leading food category due to its affordability and health benefits [5] Company Strategy and Development Direction - The company plans to invest in strengthening its offerings and providing integrated solutions across key product lines [7] - Future growth is expected to be supported by continued investment momentum in the poultry industry and renewed investment in prepared foods [17] - The company aims to achieve $150 million in run rate synergy savings by the end of 2027 [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued investment momentum in the poultry equipment demand into 2026 [17] - The impact of higher tariffs was acknowledged, with an estimated cost of approximately $43 million for the year, affecting adjusted EBITDA margins [10] - The company anticipates healthy year-over-year growth in revenue, margins, and earnings for 2026, with guidance for adjusted earnings per share of $8.00-$8.50 [14] Other Important Information - The company will provide further details on strategic growth priorities and financial targets at the upcoming Investor Day on March 26 [17] - The company is focused on completing the integration of JBT and Marel, with a strong emphasis on enhancing customer value propositions [46] Q&A Session Summary Question: What end markets stood out in the fourth quarter? - Management indicated that poultry remains the leader across all categories, followed by beverages, with expectations for a recovery in AGVs [21][22] Question: Can you provide expectations for R&D and SG&A for 2026? - Synergy savings were predominantly in SG&A, with R&D not specifically called out for synergies [24] Question: How do you differentiate top-line growth for 2026 between segments? - Overall revenue growth is guided at 5%-7%, with Protein Solutions expected to be at the higher end and Prepared Food and Beverage at the lower end [36] Question: What is the expected impact of tariffs on pricing? - Management expects to mitigate some tariff impacts through pricing actions, estimating a net negative benefit of 25 to 50 basis points for the full year [41] Question: What are the expectations for sales synergies in 2026? - The company is ahead of pace on original synergy targets, with $30 million captured in 2025 and expectations for continued growth in 2026 [60]
John Bean Technologies(JBT) - 2025 Q4 - Earnings Call Transcript
2026-02-24 16:00
Financial Data and Key Metrics Changes - The company achieved full-year consolidated revenue of $3.8 billion, exceeding the high end of guidance, driven by solid demand and successful backlog conversion [9] - Adjusted earnings per share for 2025 was $6.41, representing an increase from $6.15 in 2024, marking first-year earnings accretion [12] - Consolidated adjusted EBITDA was $600 million, with a margin of 15.8%, aligning with guidance [10] - The leverage ratio improved to less than 2.9 times by year-end 2025, down from just below 4 times at the transaction's completion [12] Business Line Data and Key Metrics Changes - Revenue for the Protein Solutions segment was $1.7 billion, while the Prepared Food and Beverage Solutions segment generated $2.1 billion [10] - Adjusted EBITDA margin for Protein Solutions was 20.1%, and for Prepared Food and Beverage Solutions, it was 17.2% [10] - The company captured $30 million in order synergies for the full year, with over half realized in the fourth quarter [7] Market Data and Key Metrics Changes - Full-year orders totaled $3.8 billion, with more than $1 billion in the fourth quarter, primarily driven by strong demand in the poultry market [5] - The poultry sector showed significant recovery after two years of underinvestment, contributing to overall growth [5] - Gains were observed across all regions in 2025, with poultry being a leading food category due to its affordability and health benefits [5] Company Strategy and Development Direction - The company plans to invest in strengthening its offerings and providing integrated solutions across key product lines [7] - Future growth is expected to be supported by continued investment momentum in the poultry industry and renewed investment in prepared foods [18] - The company aims to achieve $150 million in run rate synergy savings by the end of 2027 [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued investment momentum in the poultry equipment demand into 2026 [18] - The company is optimistic about revenue growth, margins, and earnings for 2026, projecting a revenue growth of 5%-7% [13] - The impact of tariffs is anticipated to be a challenge, with an estimated drag of approximately 50 basis points on adjusted EBITDA margins in 2025 [11] Other Important Information - The company will provide further details on strategic growth priorities and financial targets at the upcoming Investor Day on March 26 [18] - The company is focused on completing the integration of JBT and Marel, with a strong emphasis on enhancing customer value propositions [19] Q&A Session Summary Question: What end markets stood out in the fourth quarter? - Poultry remained the leader across all categories, followed by beverages, with meat and fish also showing support [22][23] Question: Can you provide expectations for R&D and SG&A for 2026? - Synergy savings were predominantly in SG&A, with R&D harmonization planned for better accounting treatment [25][28] Question: How is the company thinking about top-line growth for 2026? - Overall revenue growth is guided at 5%-7%, with Protein Solutions expected to be at the higher end and Prepared Food and Beverage at the lower end [37] Question: What are the expectations for sales synergies in 2026? - The company is ahead of pace on the original $75 million cumulative revenue synergies by 2027, with further guidance to be provided at the Investor Day [60][61]
John Bean Technologies(JBT) - 2025 Q4 - Earnings Call Presentation
2026-02-24 15:00
NON-GAAP AND FORWARD-LOOKING STATEMENTS Non-GAAP Measures and Reconciliations to GAAP Measures Adjusted EBITDA, Adjusted EBITDA margin, Adjusted income from continuing operations, Adjusted diluted earnings per share from continuing operations ("Adjusted EPS"), and free cash flow are non-GAAP financial measures. JBT Marel provides non-GAAP financial measures in order to increase transparency in our operating results and trends. These non-GAAP measures eliminate certain costs or benefits from, or change the c ...
JBT Marel (JBTM) Q4 Earnings and Revenues Beat Estimates
ZACKS· 2026-02-24 01:26
分组1 - JBT Marel (JBTM) reported quarterly earnings of $1.98 per share, exceeding the Zacks Consensus Estimate of $1.92 per share, and up from $1.7 per share a year ago, representing an earnings surprise of +2.99% [1] - The company posted revenues of $1.01 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.22%, and significantly up from $467.6 million year-over-year [2] - JBT has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] 分组2 - The stock has gained approximately 9.5% since the beginning of the year, compared to the S&P 500's gain of 0.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.43 on revenues of $884 million, and for the current fiscal year, it is $7.44 on revenues of $3.92 billion [7] - The Zacks Industry Rank indicates that the Technology Services sector is currently in the bottom 35% of over 250 Zacks industries, which may impact stock performance [8]
John Bean Technologies(JBT) - 2025 Q4 - Annual Results
2026-02-23 21:32
Exhibit 99.1 News Release JBT Marel Corporation 333 W. Wacker Drive Suite 3400 Chicago, IL 60606 JBT Marel Corporation Reports Fourth Quarter and Full Year 2025 Results and Establishes 2026 Guidance with Continued Growth Fourth Quarter 2025 Highlights: (Results are from continuing operations) Full Year 2025 Highlights: (Results are from continuing operations) CHICAGO, February 23, 2026 - JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segme ...
JBT Marel Corporation Reports Fourth Quarter and Full Year 2025 Results and Establishes 2026 Guidance with Continued Growth
Businesswire· 2026-02-23 21:20
CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported financial results for the fourth quarter and full year 2025. "We delivered on our ambitious expectations for our first year operating as JBT Marel and demonstrated that we are truly better together," said Brian Deck, Chief Executive Officer. "Our team's strong execution, successful integration e. ...
JBT Marel Corporation Announces Segment Realignment Effectiveness and Schedules Fourth Quarter and Full Year 2025 Earnings Conference Call
Businesswire· 2026-02-18 13:05
CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segments of the food & beverage industry, announced today that its previously disclosed plan to realign its reportable segments went into effect for the fourth quarter of 2025. The change is driven by the integration of the Company's operating model following the combination of legacy JBT and legacy Marel organizations. As a result of the segment real. ...