JBT Marel presents plan for about $150 million in FY 2028 cost synergies
JBTM•JBT Marel said it remains on track to realize about $150 million in cost synergies for fiscal 2028 and increased its share repurchase authorization by $500 million, bringing the total to $700 million.
1. Synergy targets and buybacks
JBT Marel is targeting annual run-rate savings of about $115 million exiting 2026 and about $150 million exiting 2027. Third-quarter 2026 share repurchases totaled about $94 million, and leverage remained below 2.5 times.
2. Financial figures
Trailing 12-month revenue through September 30, 2026, was about $3.9 billion, with an adjusted EBITDA margin of 16.6%.
