Quarterly ResultAug 3, 2026, 04:28 PM
JBT Marel Q2 Orders $1.03B, Revenue $981M; Adjusted EPS $1.95
AI Summary
JBT Marel Corporation reported strong second-quarter 2026 results with orders exceeding $1.03 billion and revenue growing 5% to $981 million. The company achieved an adjusted EBITDA margin of 17.1% and adjusted EPS of $1.95. Despite a $33 million non-cash impairment charge and operational inefficiencies in its Prepared Food and Beverage Solutions segment, JBT Marel reaffirmed its full-year 2026 revenue and adjusted EBITDA margin guidance, while refining adjusted EPS guidance.
Key Highlights
- Orders exceeded $1.03 billion, resulting in a book-to-bill ratio of 1.05x.
- Revenue increased 5% to $981 million, with 2% benefit from foreign exchange.
- Net income margin was 2.9%, an improvement of 250 basis points.
- Adjusted EBITDA margin was 17.1%, up 40 basis points.
- Diluted earnings per share (EPS) was $0.54, and adjusted EPS was $1.95.
- Leverage ratio (net debt to TTM adjusted EBITDA) was 2.47x, within target range.
- Repurchased approximately 200,000 shares for $26 million during the quarter.
- Full year 2026 revenue guidance reaffirmed at $3,990M - $4,065M.
Price Impact
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