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Dec 31, 2024
JBT Q4 2024 Earnings Report
JBT reported record quarterly orders but incurred a net loss due to M&A costs and pension settlement expenses.
Key Takeaways
JBT reported Q4 2024 revenue of $467.6 million, reflecting year-over-year growth. However, the company posted a net loss of $7 million due to M&A-related costs and pension settlement expenses. Adjusted EBITDA improved by 14% to $92.1 million, and adjusted EPS reached $1.70. Record orders of $523.1 million were achieved, highlighting strong demand.
Q4 revenue increased to $467.6 million from $444.6 million in Q4 2023.
Net loss of $7 million due to M&A and pension-related costs.
Adjusted EBITDA increased 14% to $92.1 million.
Record quarterly orders of $523.1 million indicate strong market demand.
Forward Guidance
JBT Marel expects strong growth in 2025, with projected revenue between $3.58 billion and $3.65 billion. Adjusted EPS is forecasted to be in the range of $5.50 to $6.10, and adjusted EBITDA margin is expected to be between 15.75% and 16.50%.
Positive Outlook
- Projected revenue growth to $3.58B-$3.65B in 2025.
- Adjusted EPS expected to rise to $5.50-$6.10.
- Strong free cash flow to support debt reduction.
- Record order backlog supports future revenue growth.
- Realization of synergies from Marel integration expected to boost margins.
Challenges Ahead
- M&A-related costs will continue to impact GAAP earnings.
- Higher interest expense anticipated due to financing structure.
- Restructuring costs of $30 million planned in 2025.
- Potential foreign exchange headwinds affecting revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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