John Bean Tech ( (JBTM) ) has released its Q1 earnings. Here is a breakdown of the information John Bean Tech presented to its investors.
JBT Marel Corporation is a global technology solutions provider specializing in high-value segments of the food and beverage industry, offering comprehensive solutions to optimize food yield and efficiency while enhancing safety and quality. In the first quarter of 2025, JBT Marel reported solid financial results with revenue reaching $854 million, driven by strong demand across various sectors including poultry, meat, and beverages. The company achieved quarterly orders of $916 million and maintained a backlog of $1.3 billion.
Key financial highlights include an adjusted earnings per share of $0.97, despite a net loss from continuing operations of $173 million, which was impacted by significant non-cash charges related to pension settlements and acquisition-related expenses. The company’s adjusted EBITDA was $112 million, reflecting a margin of 13.1%. JBT Marel’s strategic focus on cost synergies is expected to yield $35-$40 million in savings for the year, with annualized savings projected at $80-$90 million by the end of 2025.
The company is actively managing macroeconomic challenges, including trade policy uncertainties and tariff impacts, by implementing vendor concessions and reshoring strategies. JBT Marel’s liquidity remains robust at approximately $1.3 billion, providing flexibility for strategic initiatives. The company’s bank leverage ratio improved to 3.2x, indicating a stable financial position.
Looking ahead, JBT Marel has suspended its full-year guidance due to global economic uncertainties but remains optimistic about its competitive positioning. The company anticipates second-quarter revenue between $885 million and $915 million, with an adjusted EPS forecast of $1.20 to $1.40, reflecting continued focus on operational efficiency and strategic growth initiatives.