NYSE$JBTM
JBT Marel Corp. · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
JBT exceeded first quarter guidance, but withdrew full-year guidance due to COVID-19 uncertainties.
JBT Corporation reported a 10% increase in revenue to $457.7 million for the first quarter of 2020. Operating income was $43.7 million and net income was $29.0 million. Adjusted EBITDA expanded 28% to $65.7 million.
- Exceeded guidance for first quarter 2020 but withdrew full-year 2020 guidance due to COVID-19 uncertainties
- Focused on protecting the health and safety of associates globally while maintaining ability to service customers
- Maintained solid balance sheet and liquidity position while proactively managing operations and costs
- Plays a very important role in sustaining supply of food to the world
Headline financials
Revenue & EPS history
JBT · Revenue · Quarterly
$458M
Revenue by segment
JBT · $3.8B total across 2 segments · Q4 2025
- Prepared Food and Beverage$2.08B—54.8%
- Protein Solutions$1.72B—45.2%
Forward guidance
The Company foresees a 10 - 15 percent sequential decline in revenue in the second quarter of 2020, with an estimated 5 percent decline at FoodTech and an estimated 30 percent decline at AeroTech. The Company is withdrawing earnings guidance for full year 2020 due to the limited visibility into the length of the pandemic and the severity of its impact on JBT, its customers, and suppliers.
Tailwinds
- Operating results in both segments will benefit from cost reductions.
- FoodTech operating margins could remain consistent sequentially.
- AeroTech revenue could be flat to up sequentially.
- Confident in JBT's ability to manage through challenges.
- Capitalize on opportunities created from market changes.
Headwinds
- Tremendous uncertainty in the marketplace resulting from the pandemic.
- 10 - 15 percent sequential decline in revenue in the second quarter of 2020.
- Estimated 5 percent decline at FoodTech.
- Estimated 30 percent decline at AeroTech.
- Anticipated revenue decline at AeroTech is expected to drive significant margin contraction.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+1.2%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+0.8%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+22.4%
Q2 2018
Best reaction
-21.1%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +13.7% | +20.8% | +8.4% | |
| Q4 2025 | +0.6% | -5.8% | -19.8% | |
| Q3 2025 | +12.1% | +13.4% | +13.3% | |
| Q1 2025 | -4.2% | +4.9% | +10.6% | |
| Q4 2024 | +15.3% | +12.6% | +7.4% | |
| Q3 2024 | +14.8% | +17.1% | +22.0% | |
| Q2 2024 | +1.0% | -3.6% | -7.9% | |
| Q1 2024 | +1.4% | +3.4% | +7.2% | |
| Q4 2023 | -6.0% | -4.3% | -1.8% | |
| Q3 2023 | +11.0% | +4.9% | +11.8% | |
| Q2 2023 | -7.3% | -10.2% | -11.1% | |
| Q1 2023 | -2.2% | +1.1% | -4.3% | |
| Q4 2022 | -2.3% | -3.7% | -8.6% | |
| Q3 2022 | -8.4% | -5.9% | -5.3% | |
| Q2 2022 | -4.3% | -1.3% | -5.1% | |
| Q1 2022 | +4.6% | +8.4% | +10.3% | |
| Q4 2021 | -21.1% | -15.6% | -10.5% | |
| Q3 2021 | +0.3% | +2.9% | +8.8% | |
| Q2 2021 | +0.2% | +6.9% | +1.0% | |
| Q1 2021 | +3.5% | +5.3% | +2.8% | |
| Q4 2020 | +9.7% | +13.9% | +1.0% | |
| Q3 2020 | -2.1% | -3.1% | +31.0% | |
| Q2 2020 | +4.8% | +4.2% | +13.3% | |
| Q1 2020 | -4.9% | -13.4% | +1.8% | |
| Q4 2019 | +1.7% | -2.8% | -43.1% | |
| Q3 2019 | +1.8% | +2.4% | +4.5% | |
| Q2 2019 | -1.6% | -11.7% | -17.0% | |
| Q1 2019 | +9.1% | +14.1% | +2.5% | |
| Q4 2018 | +6.3% | +6.9% | +2.7% | |
| Q3 2018 | -10.8% | -11.3% | -18.5% | |
| Q2 2018 | +22.4% | +16.4% | +20.4% | |
| Q1 2018 | -16.1% | -18.2% | -18.1% | |
| Q4 2017 | -7.8% | -8.0% | -8.9% | |
| Q3 2017 | +8.7% | +5.9% | +10.6% | |
| Q2 2017 | -1.8% | -1.7% | -4.9% | |
| Q1 2017 | -3.4% | -2.6% | -5.3% | |
| Q4 2016 | +5.2% | +3.8% | +3.2% | |
| Q3 2016 | +3.7% | +7.6% | +23.6% | |
| Q2 2016 | -0.5% | -0.7% | +2.7% | |
| Q1 2016 | -8.4% | — | — | |
| Q4 2015 | +14.7% | — | — | |
| Q3 2015 | +9.8% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | +9.8% | — | — | |
| Q4 2014 | +5.2% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | +5.0% | — | — | |
| Q1 2014 | +0.6% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | -6.4% | — | — | |
| Q1 2013 | -0.2% | — | — | |
| Q4 2012 | +11.3% | — | — | |
| Q3 2012 | -2.5% | — | — | |
| Q2 2012 | +1.8% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2009 | -1.0% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2011 | +2.7% | — | — | |
| Q3 2010 | +2.7% | — | — | |
| Q2 2010 | -7.9% | — | — | |
| Q2 2011 | -7.9% | — | — | |
| Q4 2010 | -7.9% | — | — | |
| Q1 2010 | +6.0% | — | — |
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