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Mar 31
JBT Q1 2025 Earnings Report
JBT Marel reported a net loss and positive adjusted EPS, with revenue exceeding $850 million and integration efforts progressing well.
Key Takeaways
JBT Marel Corporation posted solid Q1 2025 results despite a GAAP net loss, driven by significant non-cash pension charges. Recurring revenue accounted for over half of the $854 million total revenue, and adjusted EBITDA reached $112 million. The company maintained strong order intake and confirmed it is on track with synergy and integration targets.
Revenue reached $854 million, with over 50% from recurring sources.
Reported net loss of $173 million due to pension and M&A-related charges.
Adjusted EPS came in at $0.97, exceeding guidance.
Synergy savings expected to reach $80–90 million annually by end of 2025.
JBT
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JBT Revenue by Segment
Revenue by Segment
JBT Segment Revenue
CapyFin.comMarel Segment Revenue
CapyFin.com Forward Guidance
JBT Marel suspended FY2025 guidance due to trade uncertainty but provided Q2 outlook with growth expectations in revenue, adjusted EPS, and EBITDA margin.
Positive Outlook
- Q2 revenue expected to grow to $885–915 million.
- Adjusted EPS guidance set at $1.20–1.40.
- Expected Q2 adjusted EBITDA margin of 14.5–15.25%.
- Foreign exchange expected to contribute $10–15 million positively.
- Continued synergy realization from integration and supply chain efforts.
Challenges Ahead
- Full-year 2025 guidance suspended due to trade policy uncertainty.
- Tariff policies expected to impact cost of goods sold.
- Potential demand impact from evolving global trade conditions.
- Approximately $11 million in Q2 restructuring costs forecasted.
- Estimated $18 million in Q2 M&A related costs to be incurred.
Revenue & Expenses
Visualization of income flow from segment revenue to net income