John Bean Tech Reports Record Q3 Revenue and Earnings

The recent earnings call for John Bean Tech (JBT) highlighted a robust performance, marked by record revenue and significant progress in integration and synergy savings. Despite these achievements, the company acknowledged challenges related to tariff impacts and regional performance disparities. Record Revenue and Earnings JBT Marel reported a remarkable performance in Q3 2025, significantly surpassing expectations with total revenue reaching approximately $1 billion. This represents a 7% sequential increase, exceeding forecasts by $65 million, showcasing the company’s strong market position and operational efficiency. Increased Orders and Backlog The company experienced a notable increase in orders, totaling $946 million, a 7% rise from the previous year. This growth was driven by heightened demand in the poultry, pet food, and pharmaceutical industries. The backlog concluded at $1.3 billion, providing a solid foundation for future operations. Improved EBITDA Margin JBT Marel’s adjusted EBITDA margin improved to 17.1%, surpassing expectations by 140 basis points. This improvement was attributed to a favorable product mix and successful synergy savings, reflecting the company’s efficient cost management strategies. Deleveraging Progress The company made significant strides in reducing its financial leverage, decreasing from 4x to 3.1x. With the issuance of $575 million in senior convertible notes, JBT Marel is well-positioned to pre-fund upcoming debt and aims to reduce leverage below 3x by the end of the year. Synergy Savings and Integration JBT Marel achieved $14 million in synergy savings during Q3, with expectations for total in-year savings between $40 million and $45 million. The integration of JBT and Marel is progressing smoothly, contributing to operational efficiencies and cost reductions. Tariff Impact The company faced a net tariff impact of approximately $15 million in Q3, with an anticipated increase to $20 million in Q4 due to Section 232 tariffs. JBT Marel plans to mitigate these impacts through domestic production and localized supply chains. Mixed Regional Performance While North America showed strong demand, Europe and Asia experienced softer sequential performance. This regional disparity highlights the varying market conditions and challenges faced by the company in different geographic areas. Forward-Looking Guidance Looking ahead, JBT Marel has raised its full-year 2025 guidance, projecting revenue between $3.76 billion and $3.79 billion, with an adjusted EBITDA margin of 15.75% to 16%. The company anticipates continued order growth and plans to introduce new segment reporting for Protein Solutions and Prepared Food and Beverage Solutions, aiming to enhance transparency and operational focus. In summary, the earnings call for John Bean Tech reflected a strong overall performance with record revenue and successful integration efforts. Despite challenges related to tariffs and regional performance, the company remains optimistic about its future prospects, supported by increased orders and a robust backlog.