Food tech firm JBT Marel's Q3 profit beats estimates on cost control; revenue misses
JBTM•JBT Marel reported Q3 revenue of $994 million, down 1% and below estimates, while adjusted EPS of $2.19 beat expectations. It forecast FY 2026 revenue of $3.95 billion to $4.0 billion and increased its share repurchase authorization to $700 million.
1. Quarterly results
JBT Marel's Q3 revenue fell 1% to $994 million, missing the $1.03 billion analyst estimate. Adjusted EPS rose to $2.19, beating the $2.10 estimate; net income was $70 million and EPS was $1.34.
2. 2026 outlook
The company forecast FY 2026 revenue of $3.95 billion to $4.0 billion, a net income margin of 5.6% to 6.0%, and an adjusted EBITDA margin of 17.25% to 17.50%. It increased its share repurchase authorization to $700 million after buying back $94 million of shares in Q3.
3. Business drivers
JBT Marel said margin improvement was driven by cost synergy initiatives, including labor productivity, supply chain savings and footprint optimization. Protein Solutions growth was primarily driven by higher poultry volumes, while Prepared Food and Beverage Solutions revenue fell due to lower CPG-related book-and-ship volume.
