Quarterly ResultMay 6, 2026, 06:02 AM
JBT Marel Q1 Net Income $45M; Revenue $936M; EPS $0.86
AI Summary
JBT Marel Corporation reported a strong financial turnaround for the first quarter ended March 31, 2026, achieving a net income of $45 million, or $0.86 diluted earnings per share, compared to a net loss of $173 million and $(3.35) diluted loss per share in the prior year. Revenue grew to $936 million from $854 million year-over-year, driven by both Protein Solutions and Prepared Food and Beverage Solutions segments. The company also significantly improved its operating income and cash flow from operations, while reducing long-term debt.
Key Highlights
- Net income for Q1 2026 was $45 million, a significant improvement from a $173 million net loss in Q1 2025.
- Diluted EPS for Q1 2026 was $0.86, up from a $(3.35) loss per share in Q1 2025.
- Revenue increased to $936 million in Q1 2026 from $854 million in Q1 2025.
- Operating income reached $68 million in Q1 2026, compared to an operating loss of $33 million in Q1 2025.
- Cash provided by operating activities rose to $119 million in Q1 2026 from $34 million in Q1 2025.
- Protein Solutions segment revenue was $460 million, and Prepared Food and Beverage Solutions revenue was $476 million in Q1 2026.
- Long-term debt decreased to $1,432 million as of March 31, 2026, from $1,470 million at December 31, 2025.
- Declared a common stock cash dividend of $0.10 per share for the quarter.
Price Impact
More from JBTM