| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 981.00 | 4.8% | 4.9% |
| Total Income | 981.00 | 4.8% | 4.9% |
| Expenditure | 935.00 | 7.7% | 5.5% |
| PBT | 35.00 | 41.7% | 201.7% |
| Net Profit | 28.00 | 37.8% | 723.5% |
| OPM | 4.69% | 2.58pp | 0.49pp |
| NPM | 2.85% | 1.95pp | 2.49pp |
| EPS | 0.54 | 37.2% | 671.4% |
JBT Marel Reports Q2 2026 Results with Strong Demand and $1.03 Billion in Orders
04 Aug 2026 · 4 Aug, 1:58 am
Summary
JBT Marel Corporation reported second quarter 2026 revenue of $981 million, a 5% increase year-over-year, driven by strong demand with orders exceeding $1 billion. The company's net income was $28 million, with a net income margin of 2.9%, and adjusted EBITDA was $168 million, resulting in an adjusted EBITDA margin of 17.1%. Despite some operational inefficiencies in the Prepared Food and Beverage Solutions segment, management expressed confidence in the record backlog and ongoing operational improvements to achieve full-year guidance.
Key Highlights
- 1
JBT Marel Corporation reported second quarter 2026 consolidated revenue of $981 million, an increase of 5 percent year-over-year.
- 2
The company achieved a book-to-bill ratio of 1.05x with orders exceeding $1 billion, totaling $1.03 billion for the quarter.
- 3
Net income for the second quarter of 2026 was $28 million, with a net income margin of 2.9 percent, an improvement of 250 basis points.
- 4
Adjusted EBITDA for the second quarter of 2026 was $168 million, an increase of $12 million, with an adjusted EBITDA margin of 17.1 percent.
- 5
Diluted earnings per share (EPS) was $0.54, and adjusted EPS was $1.95 for the second quarter of 2026.
- 6
The Protein Solutions segment revenue increased 11 percent year-over-year, while the Prepared Food and Beverage Solutions segment revenue remained flat.
- 7
JBT Marel is reiterating its full year 2026 guidance for revenue and adjusted EBITDA margin.
Management Comments
Brian Deck
We are extremely pleased with the continued orders strength, which was led by robust demand in our Prepared Food and Beverage Solutions segment with strong customer investment in downstream, further processing technology. While we experienced some operational inefficiencies and logistics constraints in the Prepared Food and Beverage Solutions segment in the second quarter, our record backlog, coupled with the fundamental benefits of the JBT Marel combination and ongoing operational improvement initiatives, provide visibility into our second half 2026 outlook and further our confidence in achieving our full year revenue and adjusted EBITDA guidance.
Matt Meister
We continue to execute on our integration and cost synergy initiatives, which we expect will enable $60 million of in-year realized savings for 2026. At the same time, we are navigating a dynamic operating environment with higher inflationary costs. While these factors create near-term headwinds, our focus remains on disciplined execution, pricing actions, and operational improvements to mitigate the impact.
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