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Jun 30
JBT Q2 2025 Earnings Report
JBT Marel Corporation reported its second quarter 2025 financial results, exceeding guidance due to strong recurring revenue and favorable foreign exchange translation.
Key Takeaways
JBT Marel Corporation delivered strong second quarter 2025 results, with revenue reaching $935 million and adjusted EBITDA of $156 million. The company exceeded its guidance, driven by better-than-expected recurring revenue and favorable foreign exchange. Diluted EPS was $0.07, and adjusted EPS was $1.49. The company also re-established its full-year 2025 guidance, reflecting clarity on tariff policies and a strong backlog.
Achieved quarterly orders of $938 million and quarter-ending backlog of $1.4 billion, indicating strong demand.
Reported total revenue of $935 million, with over half generated from recurring revenue, highlighting a stable revenue base.
Delivered adjusted EBITDA of $156 million, representing a margin of 16.7%, demonstrating strong operational profitability.
Successfully de-levered the balance sheet to just below 3.4x net debt to trailing twelve months pro forma adjusted EBITDA, showcasing effective financial management.
JBT
JBT
JBT Revenue by Segment
Revenue by Segment
JBT Segment Revenue
CapyFin.comMarel Segment Revenue
CapyFin.com Forward Guidance
JBT Marel Corporation re-established its full-year 2025 guidance, anticipating revenue between $3.675 billion and $3.725 billion, and adjusted EBITDA margin between 15.25% and 16.0%. The guidance reflects increased clarity on tariff policies and the strength of the company's backlog.
Positive Outlook
- Re-establishing full year 2025 guidance provides greater clarity and confidence for investors.
- Strong backlog supports the re-established guidance, indicating future revenue stability.
- Anticipated in-year realized synergy savings of $35 - $40 million and annualized run rate savings of $80 - $90 million exiting 2025.
- Expected favorable foreign exchange translation impact of approximately $70 - $85 million year-over-year for full year 2025.
- Adjusted EPS guidance of $5.45 - $6.15 for the full year 2025, indicating strong profitability.
Challenges Ahead
- Second half 2025 margins are expected to reflect increased cost of tariffs, estimated at an additional $20 - $30 million.
- Higher mix of equipment revenue in the second half may impact margins.
- Full year 2025 income from continuing operations margin is projected to be negative, ranging from (2.7%) to (1.7%).
- GAAP EPS guidance for full year 2025 is negative, ranging from ($1.90) to ($1.20).
- Anticipated incurrence of significant one-time and acquisition-related costs, including $25 million in restructuring costs and $105 million in M&A related costs for the full year 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income