NYSE$JBTM
JBT Marel Corp. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
JBT Corporation experienced robust demand offset by intensified supply chain, labor, and inflationary pressures.
JBT Corporation reported a 14% increase in revenue to $477 million for the third quarter of 2021. While demand remained strong, intensifying macro pressures, including material cost inflation, supply chain disruptions, and labor shortages, negatively impacted the results.
- Revenue of $477 million and earnings per share of $0.91, or $1.02 as adjusted
- Orders increased 24 percent year over year with expansion at FoodTech and AeroTech
- Generated strong operating cash flow of $33 million and free cash flow of $32 million
- Adjusting full-year guidance to reflect impact from supply chain disruptions and labor challenges
Headline financials
Revenue & EPS history
JBT · Revenue · Quarterly
$477M
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
JBT has adjusted its full-year 2021 guidance to reflect greater than anticipated supply chain, labor, and inflationary pressures.
Tailwinds
- FoodTech expects revenue growth of 13.5 - 14.5 percent for full-year 2021.
- FoodTech operating margins are projected at 13.75 - 14.0 percent with adjusted EBITDA margins in the 18.75 - 19.0 percent range.
- Based on record backlog, FoodTech has an attractive revenue set up for 2022.
- AeroTech anticipates revenue growth in the low double digits to mid-teens in 2022 given its near record backlog.
- Earnings per diluted share guidance for full year 2021 is $3.70 - $3.80 on a GAAP basis and $4.15 - $4.25 on an adjusted basis.
Headwinds
- AeroTech anticipates a revenue decline of approximately 3 percent compared to 2020.
- AeroTech operating and adjusted EBITDA margin guidance is 7.75 - 8.25 percent and 8.75 - 9.25 percent, respectively.
- JBT expects total revenue expansion of 9 to 10 percent for the full year.
- Corporate expense is expected to be approximately 2.6 percent of revenue.
- Interest expense for 2021 is forecasted at $9 million and the tax rate is expected to be approximately 24.5 percent, excluding discrete items.
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 Q3 2021
+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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