JBTM JBT MAREL Corp
Price Chart
Executive Summary
JBT Marel reported Q1 2026 adjusted EPS of $1.58, beating the $1.49 consensus by 6%, on revenue of $936M (+10% YoY). The company reiterated its full-year 2026 guidance, with orders exceeding $1B for the second consecutive quarter and book-to-bill of 1.14x. Strong cash flow and deleveraging to 2.6x net debt/EBITDA underscore operational progress, though the Prepared Food segment margin declined 170bps due to tariffs and mix.
Key Financial Metrics
Actionable Insight
The EPS beat and maintained guidance provide positive near-term catalyst. Watch for margin trajectory in Prepared Food (tariff headwinds) and further deleveraging updates on the May 5 earnings call. Sustained order momentum supports the 2026 outlook.
Key Facts
- Q1 2026 adjusted EPS $1.58 vs. consensus $1.49 (beat 6%)
- Revenue $936M (+10% YoY, including ~6% forex; organic ~4%)
- Full-year 2026 guidance reiterated: revenue $3.99B-$4.065B, adjusted EPS $8.00-$8.50
- Orders $1.07B (book-to-bill 1.14x), backlog $1.49B
- Free cash flow $100M; net leverage reduced to 2.6x from 2.9x at year-end 2025
- Protein Solutions segment EBITDA margin +500bps to 21.7%; Prepared Food margin -170bps to 14.7%
- Tariff impact still expected at 25-50bps for 2026
Financial Impact
EPS beat of $0.09 (6%) vs consensus; Q1 revenue beat implied by consensus range vs. reported $936M (consensus ~$925M). Full-year guidance unchanged.
Risk Factors
- Tariff escalation could pressure Prepared Food margins beyond the estimated 25-50bps
- Currency headwinds may slow reported revenue growth (6% forex benefit in Q1 may reverse)
- Integration of Marel acquisition remains a source of one-time costs ($178M amortization, $20M M&A costs in 2026)
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-029903 |
| Document: jbt-20260504.htm | 0001628280-26-029903 |
| Document: 0001628280-26-029903-index-headers.html | 0001628280-26-029903 |
| Document: 0001628280-26-029903-index.html | 0001628280-26-029903 |
| Document: 0001628280-26-029903.txt | 0001628280-26-029903 |
| 8-K Data (Synthetic) | 0001628280-26-029903 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 4, 2026
5w ago
|
8-K
| $131.29 $129.76 | ▼ −1.17% | ▼ −6.12% | $125.15 (−4.68%) |
|
Apr 1, 2026
10w ago
|
DEFA14A
| $125.15 $118.10 | ▼ −5.63% | ▼ −15.51% | $125.15 (+0.00%) |
US Market Status
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