NYSE$JBTM

JBT Marel Corp. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

JBT reported record quarterly orders but incurred a net loss due to M&A costs and pension settlement expenses.

JBT reported Q4 2024 revenue of $467.6 million, reflecting year-over-year growth. However, the company posted a net loss of $7 million due to M&A-related costs and pension settlement expenses. Adjusted EBITDA improved by 14% to $92.1 million, and adjusted EPS reached $1.70. Record orders of $523.1 million were achieved, highlighting strong demand.

  • Q4 revenue increased to $467.6 million from $444.6 million in Q4 2023.
  • Net loss of $7 million due to M&A and pension-related costs.
  • Adjusted EBITDA increased 14% to $92.1 million.
  • Record quarterly orders of $523.1 million indicate strong market demand.

Headline financials

Total Revenue

$468M

Previous: $445M+5.2%
EPS (adj)

$1.70

Previous: $1.40+21.4%
Capital Expenditures

-$10M

Previous: -$8.9M-12.4%
Free Cash Flow

$199M

No prior period
Net Income

-$7M

Previous: $81.1M-108.6%
Operating Income

$15.7M

Previous: $55.1M-71.5%
Gross Profit

$179M

Previous: $161M+11.6%

Revenue & EPS history

JBT · Revenue · Quarterly

$468M

Q4 2024+5.2%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

JBT · $3.8B total across 2 segments · Q4 2025

  • Prepared Food and Beverage
    $2.08B
  • Protein Solutions
    $1.72B

Forward guidance

JBT Marel expects strong growth in 2025, with projected revenue between $3.58 billion and $3.65 billion. Adjusted EPS is forecasted to be in the range of $5.50 to $6.10, and adjusted EBITDA margin is expected to be between 15.75% and 16.50%.

Tailwinds

  • Projected revenue growth to $3.58B-$3.65B in 2025.
  • Adjusted EPS expected to rise to $5.50-$6.10.
  • Strong free cash flow to support debt reduction.
  • Record order backlog supports future revenue growth.
  • Realization of synergies from Marel integration expected to boost margins.

Headwinds

  • M&A-related costs will continue to impact GAAP earnings.
  • Higher interest expense anticipated due to financing structure.
  • Restructuring costs of $30 million planned in 2025.
  • Potential foreign exchange headwinds affecting revenue.
  • Ongoing pension-related charges expected to impact cash flows.

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 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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