Quarterly ResultMay 4, 2026, 05:01 PM
JBT Marel Q1 Revenue $936M; Net Income Margin 4.8%; Adj. EPS $1.58
AI Summary
JBT Marel Corporation reported strong first-quarter 2026 results, with inbound orders exceeding $1 billion for the second consecutive quarter. Revenue reached $936 million, resulting in a book-to-bill ratio of 1.14x. The company achieved a net income margin of 4.8% and an adjusted EBITDA margin of 15.2%, with adjusted diluted EPS of $1.58. Operating cash flow was $119 million, enabling further balance sheet deleveraging to 2.6x net debt to adjusted EBITDA. JBT Marel reiterated its full-year 2026 guidance, expecting consolidated revenue growth of 5-7%.
Key Highlights
- JBT Marel Q1 2026 revenue was $936 million, up 10% year-over-year.
- Net income margin for Q1 2026 was 4.8%, with adjusted EBITDA margin at 15.2%.
- Adjusted diluted earnings per share (EPS) for Q1 2026 was $1.58, up from $0.97.
- Inbound orders exceeded $1 billion for the second consecutive quarter, totaling $1.07 billion.
- Operating cash flow reached $119 million, contributing to a net debt to adjusted EBITDA ratio of 2.6x.
- Protein Solutions segment revenue grew 22% to $460 million, with adjusted EBITDA margin improving over 500 basis points.
- Reiterated full-year 2026 revenue guidance of $3,990 - $4,065 million and adjusted EPS of $8.00 - $8.50.