JBT Marel Q2 Misses on Revenue and EPS, Guides Full Year Below Street
JBTM sits 25% above its 52-week low of $113.67.
Summary
JBT Marel reported Q2 revenue of $981M, up 5% year-over-year but slightly below the $988.47M consensus. Adjusted EPS of $1.95 missed the $2.02 estimate, and net income came in at $28M. The Prepared Food and Beverage Solutions segment underperformed due to logistics constraints and productivity inefficiencies, though orders remained strong at over $1B with a record backlog. Full-year 2026 guidance was initiated with revenue of $3.99B-$4.07B, adjusted EBITDA margin of 17.0%-17.5%, and adjusted EPS of $7.85-$8.35—all below current Street expectations. The company repurchased $26M in shares during the quarter and expects $60M in cost synergy savings for the year. This is the first look at Q2 results and forward guidance; the miss and soft outlook are likely to pressure the stock.
At the time of this announcement, JBTM was trading at $142.25 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $7.4B. The 52-week trading range was $113.67 to $170.19. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.