| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 936.00 | 9.6% |
| Total Income | 936.00 | 9.6% |
| Expenditure | 868.00 | 2.2% |
| PBT | 60.00 | 127.4% |
| Net Profit | 45.00 | 126.0% |
| OPM | 7.26% | 11.18pp |
| NPM | 4.81% | 25.06pp |
| EPS | 0.86 | 125.7% |
JBT Marel Reports Q1 2026: Revenue $936M, Orders Exceed $1B
05 May 2026 · 5 May, 2:31 am
Summary
JBT Marel Corporation reported its first quarter 2026 financial results, with revenue of $936 million, a 10% increase year-over-year. Net income improved by $218 million to $45 million, resulting in a net income margin of 4.8 percent. Adjusted EBITDA improved by $30 million to $142 million, with an adjusted EBITDA margin of 15.2 percent. The company's orders totaled $1.07 billion, and it is reiterating its full year 2026 guidance, expecting year-over-year consolidated revenue growth of 5 - 7 percent.
Key Highlights
- 1
JBT Marel's orders exceeded $1 billion, and revenue reached $936 million, resulting in a book-to-bill ratio of 1.14x in Q1 2026.
- 2
The net income margin was 4.8 percent, and the adjusted EBITDA margin was 15.2 percent for the first quarter of 2026.
- 3
GAAP diluted earnings per share was $0.86, and adjusted earnings per share was $1.58 in Q1 2026.
- 4
Operating cash flow was $119 million, and free cash flow was $100 million for the first quarter of 2026.
- 5
First quarter 2026 consolidated revenue of $936 million increased 10 percent, including approximately 6 percent benefit from foreign exchange translation.
- 6
Orders totaled $1.07 billion in Q1 2026, inclusive of approximately $60 million in a year-over-year benefit from foreign exchange translation, and quarter-ending backlog was $1.49 billion.
- 7
JBT Marel is reiterating its full year 2026 revenue guidance of $3,990 - $4,065 million.
Management Comments
Brian Deck
"We started 2026 on a positive note, marking the second consecutive quarter with inbound orders above $1 billion." "Our orders reflected strong demand across our Prepared Food and Beverage Solutions and Protein Solutions segments." "During the first quarter, we hosted our 2026 Investor Day. We introduced our NextGen strategy, which further elevates our value proposition by advancing our customer-centric service model, enhancing our full-line product offering with targeted innovation, expanding commercial opportunities through cross-selling, and harnessing our continuous improvement culture to reduce complexity and achieve sustainable margin expansion."
Matt Meister
"We achieved meaningful year-over-year operational performance as we continued the margin expansion journey outlined in our strategy." "Additionally, we generated quarterly free cash flow of $100 million, enabling us to further deleverage our balance sheet."
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