Quarterly ResultAug 5, 2026, 05:29 PM
JBT Marel Q2 Net Income $28M, Revenue $981M; EPS $0.54
AI Summary
JBT Marel Corporation reported a significant increase in net income and diluted EPS for the second quarter of 2026, with net income reaching $28 million and diluted EPS at $0.54. Revenue also saw growth, climbing to $981 million. The company authorized a new $200 million share repurchase program and successfully repaid $403 million in maturing convertible senior notes, though it also recorded a $33 million impairment charge on intangible assets.
Key Highlights
- Net income for Q2 2026 increased to $28 million from $3 million in Q2 2025.
- Diluted EPS for Q2 2026 rose to $0.54 from $0.07 in Q2 2025.
- Revenue for Q2 2026 grew to $981 million from $935 million in Q2 2025.
- Board authorized a $200 million share repurchase program through May 2029.
- Repaid $403 million of 2026 Convertible Senior Notes at maturity.
- Recorded a $33 million impairment charge on intangible assets in Q2 2026.
- Cash provided by operating activities for six months increased to $221 million from $137 million.
- Protein Solutions segment revenue for Q2 2026 was $467 million.
Price Impact
More from JBTM