JBT Marel Q2 net income swings to $28 million; revenue rises 5% to $981 million

Full-year guidance was reiterated for revenue of $3.99 billion–$4.07 billion and adjusted EBITDA margin of 17%–17.5%, while adjusted EPS was refined to $7.85–$8.35.

Backlog ended the quarter at $1.54 billion; net debt to trailing 12-month adjusted EBITDA was 2.47x, within the 2.0–2.5x target range.

JBT Marel posted Q2 2026 revenue of $981 million, up 5% year over year; orders climbed to $1.03 billion, lifting book-to-bill to 1.05x.

Net income rose to $28 million, widening net income margin by 2.5 percentage points to 2.9%; GAAP diluted EPS was $0.54.

GAAP results included a $33 million non-cash, non-recurring impairment charge tied to a 2021 acquisition; adjusted EBITDA rose to , with margin at .