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JBT Marel
JBT Marel (JBTM) investor relations material
JBT Marel Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary24 Feb, 2026
Executive summary
Achieved strong full-year 2025 performance with record quarterly orders and revenue, robust poultry demand, and successful integration of JBT and Marel, despite tariff and integration challenges.
Realized meaningful synergy savings, with $43 million year-over-year and $85 million annualized run rate exiting 2025.
Orders reached $3.84 billion, with initial recovery in meat demand and 50% of revenue from recurring sources.
De-leveraged balance sheet by 1.1x post-transaction, ending 2025 with leverage below 2.9x.
Financial highlights
Full-year 2025 consolidated revenue was $3.8 billion, including a $77 million FX benefit, with adjusted EBITDA of $600 million (15.8% margin) and adjusted EPS of $6.41.
Protein Solutions revenue: $2.08 billion (20.1% margin); Prepared Food and Beverage: $1.72 billion (17.2% margin).
Free cash flow increased to $250 million; operating cash flow was $342 million.
Loss from continuing operations was $(49.7) million, impacted by acquisition amortization, pension settlement, M&A costs, and restructuring.
50% of revenue was recurring, reflecting strong aftermarket and service business.
Outlook and guidance
2026 guidance: revenue of $3.99–$4.07 billion (up 5–7%, including ~1% FX benefit), adjusted EBITDA margin of 17.0–17.5%, and adjusted EPS of $8.00–$8.50.
GAAP EPS guidance for 2026 is $4.70–$5.15; income from continuing operations margin: 6.1–6.6%.
Q1 2026 forecast: revenue of $920M–$940M, adjusted EBITDA margin of 14–15%, with 9% revenue growth and 150 bps margin improvement year-over-year.
2026 expected one-time costs: $178 million acquisition amortization, $20 million M&A, $30 million restructuring.
Synergy savings expected to reach $60 million in 2026 and $150 million run rate by end of 2027.
How will JBT Marel mitigate 2026 tariff impact?
Detail May 2026 convertible notes maturity plan.
What caused Prepared Food segment Q4 inefficiencies?
What is the 2026 total synergy savings forecast?
Which segment has higher EBITDA margin?
What drives the GAAP vs. Adjusted EPS difference?
What drove the Q4 order synergy acceleration?
Timeline for tariff mitigation via supply chain shift
Future M&A focus after deleveraging target?
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Next JBT Marel earnings date
Investor Day 202626 Mar, 2026
JBT Marel
Next JBT Marel earnings date
Investor Day 202626 Mar, 2026
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Frequently asked questions
John Bean Technologies Corporation, commonly known as JBT Corporation, provides technology solutions for the food and beverage and air transportation industries. The company designs, manufactures, and services equipment for food processing, preservation, and packaging, as well as ground support equipment for airports. It operates globally across multiple end markets. The company is headquartered in Chicago, Illinois, and its shares are listed on the NYSE.
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