NYSE$JBTM
JBT Marel Corp. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported fourth quarter and full year results, achieving double-digit revenue and earnings per share growth, driven by FoodTech and AeroTech segments.
JBT Corporation reported strong fourth-quarter results with a 20% increase in consolidated revenue and significant growth in earnings per share. The company's FoodTech segment saw revenue growth of 20%, and AeroTech revenue increased by 23%. The company is optimistic about continued growth in 2023, driven by its resilient business model, recent acquisitions, and diverse product offerings.
- Consolidated revenue increased 20 percent year over year to $599 million.
- Earnings per share increased to $1.17, up 18 percent year-over-year.
- Adjusted earnings per share increased to $1.49, a 60 percent year-over-year increase.
- Total backlog increased 5 percent year over year to $1.1 billion.
Headline financials
Revenue & EPS history
JBT · Revenue · Quarterly
$599M
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 expects growth in FoodTech to be driven by its resilient business model, recent acquisitions, and diverse product offerings. AeroTech is expected to recover, with growth driven by commercial airlines and infrastructure spending. Margins at FoodTech and AeroTech are expected to increase, approaching pre-pandemic levels, and JBT anticipates another year of double-digit earnings per share growth.
Tailwinds
- FoodTech year-over-year revenue growth is estimated to be 5 - 9 percent for full year 2023.
- AeroTech year-over-year revenue growth is estimated to be 10 - 13 percent for full year 2023.
- FoodTech operating profit margin is forecast to be 13 - 14 percent for full year 2023.
- AeroTech operating profit margin is forecast to be 11.25 - 11.75 percent for full year 2023.
- Adjusted EPS is projected to be $5.00 - $5.50 for full year 2023.
Headwinds
- First quarter is generally the lowest quarter in a given year due to seasonality.
- EPS in the first quarter of 2023 reflects a meaningful increase in FoodTech depreciation and amortization from acquisitions and capitalized digital investments in 2022.
- Higher interest expense and taxes are expected in the first quarter of 2023.
- FoodTech year-over-year revenue growth is estimated to be 4 - 7 percent for the first quarter of 2023.
- AeroTech year-over-year revenue growth is expected to be 15 - 20 percent for the first quarter of 2023.
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 Q4 2022
+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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