JBT Marel Q2 revenue rises 5%, but slightly misses estimates

JBT Marel

03/08/2026 21:24

Overview
US food & beverage tech provider's Q2 revenue up 5% yr/yr, slight miss vs analyst expectations
Adjusted EPS for Q2 missed analyst expectations
Company repurchased $26 mln in shares during Q2 as part of buyback program

Outlook
JBT Marel sees 2026 revenue of $3.99 bln to $4.07 bln
Company expects 2026 adjusted EBITDA margin of 17.0% to 17.5%
JBT Marel expects 2026 adjusted EPS of $7.85 to $8.35

Result Drivers
STRONG ORDERS - Co said demand remained strong, with orders exceeding $1 bln and a record backlog, led by Prepared Food and Beverage Solutions
OPERATIONAL INEFFICIENCIES - Co said Prepared Food and Beverage Solutions segment results were below expectations due to logistics constraints and productivity inefficiencies
COST SYNERGY INITIATIVES - Co said integration and cost synergy actions are expected to deliver $60 mln in savings for 2026

Company press release: ID:nMFN9TRxVV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$981 mln
$988.47 mln (6 Analysts)
Q2 Adjusted EPS
Miss
$1.95
$2.02 (6 Analysts)
Q2 EPS
 
$0.54
 
Q2 Net Income
 
$28 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $176.67, about 27.6% above its July 31 closing price of $138.47
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

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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.)