--- title: "JBT Marel | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 936 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285121955.md" datetime: "2026-05-04T20:58:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285121955.md) - [en](https://longbridge.com/en/news/285121955.md) - [zh-HK](https://longbridge.com/zh-HK/news/285121955.md) --- # JBT Marel | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 936 M Revenue: As of FY2026 Q1, the actual value is USD 936 M, beating the estimate of USD 924.84 M. EPS: As of FY2026 Q1, the actual value is USD 0.86. EBIT: As of FY2026 Q1, the actual value is USD 70 M. #### First Quarter 2026 Consolidated Results JBT Marel Corporation reported net income of $45 million for the first quarter ended March 31, 2026, an improvement of $218 million year-over-year, with a net income margin of 4.8 percent. Consolidated adjusted EBITDA was $142 million, an improvement of $30 million, and the adjusted EBITDA margin was 15.2 percent. Inbound orders totaled $1.07 billion, including approximately $60 million from foreign exchange translation, and the quarter-ending backlog was $1.49 billion. As of March 31, 2026, the company’s net debt to trailing twelve months adjusted EBITDA stood at 2.6x. #### Comparative Financials (Three Months Ended March 31, 2026 vs. 2025) - **Cost of Sales:** $607 million in 2026 compared to $562 million in 2025. - **Gross Profit:** $329 million in 2026 compared to $292 million in 2025. - **Gross Profit Margin:** 35.1% in 2026 compared to 34.2% in 2025. - **Selling, General and Administrative Expense:** $261 million in 2026 compared to $325 million in 2025. - **Operating Income (Loss):** $68 million in 2026 compared to - $33 million in 2025. - **Operating Income Margin:** 7.3% in 2026 compared to - 4.0% in 2025. - **Pension Expense, Other than Service Cost:** - $0 million in 2026 compared to $147 million in 2025. - **Interest Expense, Net:** $10 million in 2026 compared to $41 million in 2025. - **Other (Income):** - $2 million in 2026 compared to - $2 million in 2025. - **Income (Loss) Before Income Taxes:** $60 million in 2026 compared to - $219 million in 2025. - **Income Tax Provision (Benefit):** $15 million in 2026 compared to - $46 million in 2025. - **Net Income (Loss):** $45 million in 2026 compared to - $173 million in 2025. - **Inbound Orders:** $1,070 million in 2026 compared to $916 million in 2025. - **Orders Backlog:** $1,490 million in 2026 compared to $1,311 million in 2025. - **Adjusted EBITDA:** $142 million in 2026 compared to $112 million in 2025. - **Adjusted EBITDA Margin:** 15.2% in 2026 compared to 13.1% in 2025. #### Segment Results (Three Months Ended March 31, 2026) - **Protein Solutions:** Segment adjusted EBITDA was $100 million, and the segment adjusted EBITDA margin was 21.7%, improving more than 500 basis points. - **Prepared Food and Beverage Solutions:** Segment adjusted EBITDA was $70 million, and the segment adjusted EBITDA margin was 14.7%, declining 170 basis points due to higher tariff costs, lower volume from the CPG end market, and operational challenges in warehouse automation. #### Cash Flow (Three Months Ended March 31, 2026 vs. 2025) - **Cash provided by operating activities:** $119 million in 2026 compared to $34 million in 2025. - **Capital expenditures:** - $26 million in 2026 compared to - $20 million in 2025. - **Proceeds from disposal of assets:** $7 million in 2026 compared to $1 million in 2025. - **Pension contributions:** - $0 million in 2026 compared to - $3 million in 2025. - **Free Cash Flow (FCF):** $100 million in 2026 compared to $18 million in 2025. #### Debt Metrics (As of March 31, 2026) - **Total Debt:** $1,843 million. - **Net Debt:** $1,632 million. - **Total Net Debt to Trailing Twelve Months Adjusted EBITDA:** 2.6. #### Outlook / Guidance (Full Year 2026) JBT Marel Corporation is reiterating its full year 2026 guidance, projecting a net income margin of 6.1% to 6.6% and an adjusted EBITDA margin of 17.0% to 17.5%. The company anticipates incurring approximately $178 million in acquisition-related amortization and depreciation, $20 million in M&A related costs, and $30 million in restructuring costs for the full year. ### Related Stocks - [JBTM.US](https://longbridge.com/en/quote/JBTM.US.md) ## Related News & Research - [16,522 Shares in JBT Marel Corporation $JBTM Bought by Brown Wealth Management LLC](https://longbridge.com/en/news/274660490.md) - [Why JBT Marel (JBTM) Is Up 5.3% After Launching a US$200 Million Buyback Program](https://longbridge.com/en/news/287470024.md) - [JBT Marel (JBTM) Reports Earnings Tomorrow: What To Expect](https://longbridge.com/en/news/284982203.md) - [JBT Marel Q1 revenue beats estimates on protein solutions growth](https://longbridge.com/en/news/285120536.md) - [JBT Marel Corporation Reports First Quarter 2026 Results and Reiterates Full Year 2026 Guidance | JBTM Stock News](https://longbridge.com/en/news/285119185.md)