NYSE$JBTM
JBT Marel Corp. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
JBT delivered solid earnings growth and margin expansion, driven by strong operational performance and supply chain initiatives.
JBT Corporation reported a 1% increase in revenue to $445 million for Q4 2023. Income from continuing operations increased by 69% to $53 million, including an $11 million discrete tax benefit. Adjusted EBITDA rose by 18% to $81 million, with adjusted EPS increasing by 24% to $1.40.
- Income from continuing operations increased 69 percent to $53 million, with earnings per share rising to $1.64.
- Adjusted EBITDA increased 18 percent to $81 million, with adjusted EBITDA margin increasing 260 basis points to 18.2 percent.
- Adjusted earnings per share increased 24 percent to $1.40.
- Revenue increased 1 percent year over year to $445 million.
Headline financials
Revenue & EPS history
JBT · Revenue · Quarterly
$445M
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 mid-single-digit organic top line growth in 2024, driven by recurring revenue initiatives and strengthening equipment demand, including improvement in the North American poultry market in the back half of the year. Continued margin expansion is expected through supply chain and manufacturing efficiency initiatives, as well as ongoing benefits from restructuring efforts.
Tailwinds
- Mid-single-digit organic top line growth expected.
- Recurring revenue initiatives driving growth.
- Strengthening demand environment for equipment.
- Improvement in the North American poultry market expected in the back half of the year.
- Continued margin expansion through supply chain and manufacturing efficiency initiatives.
Headwinds
- M&A related costs of approximately $15 million expected in the first half of 2024.
- Restructuring costs of approximately $1 million expected in 2024.
- Typical seasonality in revenue and earnings expected in the first quarter of 2024.
- Revenue split of approximately 47 percent in the first half of 2024 with approximately 53 percent in the second half of 2024.
- Potential for additional M&A related costs in the first half of 2024.
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 2023
+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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