JBT Marel Q3 revenue beats estimates, raises 2025 guidance

JBT Marel

03/11/2025 21:32

Overview

Food processing equipment maker JBT Marel Q3 revenue of $1 bln beats analyst expectations

Adjusted EPS for Q3 exceeds analyst estimates, driven by operational productivity

Company raises full year 2025 guidance due to strong Q3 performance

Outlook

JBT Marel raises full-year 2025 revenue guidance to $3.76 bln - $3.79 bln

Company expects full-year adjusted EPS of $6.10 - $6.40

JBT Marel anticipates $70 - $85 mln FX tailwind for full-year 2025 revenue

Result Drivers

BOOK AND SHIP REVENUE - Higher book and ship revenue contributed to revenue outperformance, per CFO Matt Meister

SYNERGY SAVINGS - Co realized $14 mln in year-over-year synergy savings

POULTRY EQUIPMENT SALES - Favorable mix of poultry equipment and shorter cycle products boosted margins

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1 bln
$933.94 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$1.94
$1.50 (6 Analysts)
Q3 EPS
$1.28
Q3 Net Income
$66 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 $155.00, about 18.6% above its October 31 closing price of $126.10

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nBw9yYQhYa

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(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.)