JBT Marel Q1 revenue beats estimates on protein solutions growth

JBT Marel

04/05/2026 21:48

Overview

US food technology provider's Q1 revenue rose 10% yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat consensus

Company reiterated full-year 2026 guidance for revenue growth and margin expansion

Outlook

JBT Marel reiterates FY 2026 revenue guidance of $3.99 bln to $4.065 bln

Company expects FY 2026 adjusted EPS of $8.00 to $8.50

JBT Marel anticipates FY 2026 adjusted EBITDA margin of 17.0% to 17.5%

Result Drivers

PROTEIN SOLUTIONS GROWTH - Revenue in Protein Solutions rose 22%, aided by higher poultry volume and improvements in meat and fish businesses

FOREIGN EXCHANGE IMPACT - Revenue growth included a 6% benefit from foreign exchange translation

MARGIN PRESSURE IN PREPARED FOOD & BEVERAGE - Flat revenue and lower margins in Prepared Food and Beverage Solutions due to higher tariffs, lower CPG volume, and warehouse automation challenges

Company press release: ID:nBw5S8V4ma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$936 mln
$924.85 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$1.58
$1.48 (5 Analysts)
Q1 EPS
$0.86
Q1 Net Income
$45 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for JBT Marel Corp is $190.00, about 64.6% above its May 1 closing price of $115.44

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)