{"filings":[{"id":527036,"accession_number":"0001628280-26-036451","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2026-05-19T20:14:31+00:00","items":["5.07"],"status":"ready","headline":"JBT Marel shareholders elect all 10 directors, approve say-on-pay and auditor ratification","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 10 director nominees elected; highest 'against' votes were 1.6M for Polly B. Kawalek.","Advisory vote on executive compensation passed with 42.1M for, 3.1M against, 332.9K abstain.","Ratification of PwC as auditor for 2026 approved with 46.6M for, 26K against, 53.2K abstain.","Quorum of 46.7M shares represented at May 14, 2026 Annual Meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":452757,"accession_number":"0001628280-26-035320","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K/A","filed_at":"2026-05-15T12:08:42+00:00","items":["8.01","9.01"],"status":"ready","headline":"JBT Marel declares $0.10 dividend, authorizes $200M buyback effective May 18","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Quarterly dividend of $0.10 per share, payable June 9, 2026 to holders of record May 26, 2026.","Board authorized share repurchase of up to $200 million, effective May 18, 2026 through May 31, 2029.","Correction of effective date from original June 1, 2026 to May 18, 2026 via this 8-K/A.","Repurchase plan provides discretion on timing, price, and volume subject to market conditions.","Ticker JBTM listed on NYSE and Nasdaq Iceland."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":443441,"accession_number":"0001628280-26-035145","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2026-05-14T20:29:16+00:00","items":["8.01","9.01"],"status":"ready","headline":"JBT Marel authorizes $200M share repurchase program and declares $0.10 quarterly dividend","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized up to $200M share repurchase program effective June 1, 2026 through May 31, 2029.","Quarterly dividend of $0.10 per share declared, payable June 9, 2026 to holders of record May 26, 2026.","Repurchases will be made at company's discretion based on market conditions, securities laws, and other factors.","Stock repurchased will become treasury stock; program may be modified, suspended, or discontinued at any time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92833,"accession_number":"0001628280-26-029903","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2026-05-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Marel Q1 revenue $936M (+10% YoY), EPS $0.86, adj. EPS $1.58; reiterates FY2026 outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Orders totaled $1.07B, book-to-bill 1.14x; revenue $936M (+10% YoY, ~6% FX benefit).","GAAP diluted EPS $0.86 vs. ($3.35) loss in Q1 2025; adjusted EPS $1.58 vs. $0.97.","Adjusted EBITDA $142M (margin 15.2%) vs. $112M (13.2%) a year ago; free cash flow $100M.","Protein Solutions revenue +22% YoY; margin +500 bps. Prepared Food & Beverage revenue flat; margin -170 bps.","FY2026 guidance reaffirmed: revenue $3.99B–$4.065B, adj. EPS $8.00–$8.50, adj. EBITDA margin 17.0%–17.5%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.86,"consensus_revenue_estimate":null,"consensus_revenue_actual":936000000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103995,"accession_number":"0001433660-26-000071","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2026-03-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"JBT Marel Investor Day: 2025 revenue $3.8B, Adj EBITDA 15.8%, targets 5-7% annual growth","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["2025 revenue $3.8B, adjusted EBITDA margin 15.8%; expects 5-7% annual revenue CAGR over 3 years.","Integration delivered ~$30M in order synergies in 2025; further cost savings targeted for 2026-2027.","Recurring revenue accounts for 50% of total; Protein Solutions (45% rev, 20.1% margin) and Prepared Food (55% rev, 17.2% margin).","Strategic pillars: customer-first service, integrated value proposition, capture full market potential, operational distinctiveness.","End-market diversity: poultry 44%, meat 16%, beverages/juices 7%, others; geographic split US/Canada 40%, EMEA 40%, LATAM 10%, APAC 10%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103994,"accession_number":"0001433660-26-000017","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2026-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Marel reports FY2025 revenue $3.8B, adj. EBITDA $600M; guides FY2026 growth 5-7%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY2025 revenue $3.8B, record Q4 revenue exceeding $1.0B; adjusted EBITDA $600M (15.8% margin).","Adjusted EPS $6.41; free cash flow $250M; net debt/EBITDA 2.9x (de-levered ~1.1x since deal close).","FY2026 guidance: revenue $3,990-4,065M, adj. EBITDA margin 17.0-17.5%, adj. EPS $8.00-8.50.","Realized $43M synergy savings in 2025, $85M annualized run rate exiting 2025; expect $60M in 2026.","Segments realigned: Protein Solutions ($1.72B rev, 20.1% margin); Prepared Food & Beverage ($2.08B rev, 17.2% margin)."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.98,"consensus_revenue_estimate":null,"consensus_revenue_actual":3798200000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103993,"accession_number":"0001433660-26-000014","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2026-02-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"JBT Marel realigns segments into Protein Solutions and Prepared Food & Beverage Solutions","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New segments replace prior JBT/Marel structure, effective Q4 2025, with recast historical data.","Protein Solutions Q3 2025 revenue $440.8M, Adj. EBITDA $94.0M; Prepared Food & Beverage Solutions revenue $560.5M, Adj. EBITDA $102.4M.","FY 2024 recast: Protein Solutions revenue $168.7M, Adj. EBITDA $57.5M; Prepared Food & Beverage Solutions revenue $1,547.3M, Adj. EBITDA $301.2M.","No impact on previously reported consolidated revenue, earnings, or EPS.","Recast data provided for Q1-Q3 2025 and FY2024/2023; total segment Adj. EBITDA excludes corporate expenses."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120267,"accession_number":"0001433660-25-000062","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-11-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Marel Q3 adj. EPS $1.94 beats; raises FY2025 revenue and EPS guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenue $1.0B, adj. EBITDA $171M (17.1% margin), adj. EPS $1.94; orders $946M.","Raises FY2025 guidance: revenue $3.76-3.79B, adj. EPS $6.10-6.40, adj. EBITDA margin 15.75-16.0%.","Realized $14M YoY synergy savings in Q3; expects $40-45M in-year and $80-90M run rate by year-end.","Issued $575M convertible notes due 2030; used proceeds to repay revolver and hedge dilution.","Plans to realign segments to Protein Solutions and Prepared Food & Beverage Solutions in Q4."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.0,"consensus_revenue_estimate":null,"consensus_revenue_actual":2790200000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120266,"accession_number":"0001193125-25-243721","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-10-20T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"JBT Marel Corp CAO Jessi Corcoran resigns; CFO Meister appointed as principal accounting officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jessi L. Corcoran, VP, Corporate Controller and CAO, resigned effective Nov 4, 2025; she accepted a role at another company.","Resignation is not due to any disagreement with JBT on operations, policies, accounting principles, or internal controls.","Matthew J. Meister, EVP and CFO, designated as principal accounting officer effective upon Corcoran's departure.","Meister will receive no additional compensation for this role; he has served as CFO since December 2020."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136856,"accession_number":"0001193125-25-199180","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-09-09T23:59:59+00:00","items":["1.01","2.03","3.02","8.01","9.01"],"status":"ready","headline":"JBT Marel closes $575M 0.375% convertible notes due 2030; net proceeds ~$506M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$575M aggregate principal (incl. $75M greenshoe) of 0.375% convertible senior notes due 2030.","Initial conversion price ~$187.77/share (32.5% premium over $141.71 closing price on Sept 4).","Net proceeds ~$506.1M; to repay revolver borrowings and refinance 0.25% convertible notes due 2026.","Entered convertible note hedge and warrant transactions; warrant strike $283.42/share (100% premium).","Notes redeemable on/after Sept 20, 2028 if stock price ≥130% of conversion price for 20 of 30 trading days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136855,"accession_number":"0001193125-25-194962","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-09-03T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"JBT Marel launches $500M convertible notes offering; amends credit facility to lower borrowing costs","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offering of $500M convertible senior notes due 2030 (plus $75M option) to QIBs under Rule 144A.","Proceeds to repay revolver borrowings, then refinance outstanding 0.25% 2026 convertible notes.","Credit agreement amended: revolver pricing reduced (SOFR margin 1.125%-1.750%, commitment fee 0.15%-0.25%).","Amendment also permits issuance of up to $600M unsecured convertible notes on or before Dec 31, 2025.","Unaudited pro forma financials for Marel transaction and Marel MD&A furnished as exhibits."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136854,"accession_number":"0001193125-25-185315","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-08-21T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"JBT Marel reduces Term Loan pricing by 25-75 bps via $897.75M refinancing","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["First Amendment reduces Term B Loan margin from SOFR+2.00%-2.50% to SOFR+1.75%, removes 10 bps credit spread.","Existing $897.75M Term Loans refinanced via First Amendment Term Loans; rollover lenders convert to same principal.","Amendment effective Aug 20, 2025; Wells Fargo is administrative agent; Kirkland & Ellis opinion delivered.","No event of default after amendment; all loan party obligations reaffirmed, no novation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136853,"accession_number":"0001433660-25-000039","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Marel Reports Q2 2025 Results, Exceeds Guidance, Re-establishes Full Year Forecast","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $935M, orders $938M, backlog $1.4B, with over half revenue from recurring sources.","Adjusted EBITDA $156M (16.7% margin); net income from continuing operations $3M; adjusted EPS $1.49.","Realized $8M year-over-year synergy savings; on track for $35-40M in-year realized and $80-90M annualized run rate.","Full year 2025 guidance: revenue $3,675-$3,725M, adjusted EBITDA margin 15.25%-16.0%, adjusted EPS $5.45-$6.15."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.27,"consensus_revenue_estimate":null,"consensus_revenue_actual":1788900000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154088,"accession_number":"0001433660-25-000032","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-05-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"JBT Marel stockholders re-elect three directors, approve advisory pay vote, ratify auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Alan D. Feldman, Lawrence V. Jackson, Ann E. Savage re-elected to Board with over 37.5M votes each.","Advisory vote on named executive officer compensation approved: 37,066,618 for, 1,061,307 against.","Ratification of PwC as independent auditor for 2025 fiscal year: 39,073,612 for, 26,240 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154087,"accession_number":"0001433660-25-000022","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-05-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Marel Q1 net loss $173M; adj EPS $0.97; suspends FY guidance on tariff uncertainty","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $854M, net loss from continuing ops $173M, GAAP EPS $(3.35); adjusted EPS $0.97.","Orders $916M, backlog $1.3B; adjusted EBITDA $112M (13.1% margin).","Charges include $147M pension settlement, $74M M&A, $42M amortization, $11M restructuring.","Suspended full-year 2025 guidance; Q2 outlook: rev $885-915M, adj EPS $1.20-1.40, adj EBITDA margin 14.5-15.25%.","Synergies on track: $35-40M in-year realized, $80-90M annual run rate exiting 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.35,"consensus_revenue_estimate":null,"consensus_revenue_actual":854100000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172706,"accession_number":"0001433660-25-000011","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"JBT Marel CLO James L. Marvin to retire May 31, 2025; successor search underway","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James L. Marvin, Executive VP and Chief Legal Officer, to retire on May 31, 2025.","Successor search initiated; expected to conclude by end of second quarter 2025.","The retirement is voluntary and planned; no interim appointment announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172705,"accession_number":"0001193125-25-039396","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-02-27T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Marel 2024 revenue EUR 1.64B, net loss EUR 25M vs prior year profit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Revenue of EUR 1,642.7 million, down 4.6% YoY from EUR 1,721.4M.","Net loss of EUR 25.1 million vs net profit of EUR 31.0M in 2023; operating profit fell to EUR 67.0M from EUR 93.6M.","Total assets EUR 2,555.2M; total shareholders' equity EUR 1,007.9M; cash and equivalents EUR 83.2M.","Debt: current borrowings EUR 436.7M, non-current borrowings EUR 392.8M; net finance costs EUR 68.7M.","Marel delisted from Nasdaq Iceland and Euronext Amsterdam on Jan 3, 2025 after JBT takeover."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172704,"accession_number":"0001433660-25-000002","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-02-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Marel posts Q4 record orders; raises cost synergies to $150M; guides FY25 adj EPS $5.50-6.10","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["JBT standalone Q4 record orders $523M; FY24 revenue $1,716M (+3%), adj EBITDA $295M (+8%).","Marel standalone FY24 revenue €1,643M (-5%), net loss €25M, adj EBITDA €200M includes €17M unfavorable adjustment.","Combined FY24 pro forma revenue $3,494M, adj EBITDA $479M (13.7% margin). Cost synergy target raised to $150M in 3 years.","FY25 guidance: revenue $3,575-$3,650M, adj EBITDA margin 15.75%-16.50%, adjusted EPS $5.50-$6.10."],"consensus_eps_estimate":null,"consensus_eps_actual":2.65,"consensus_revenue_estimate":null,"consensus_revenue_actual":1716000000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172703,"accession_number":"0001193125-25-020085","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-02-04T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"JBT Marel completes compulsory acquisition of remaining Marel shares","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Compulsory acquisition closed Feb 4, 2025; remaining Marel shareholders received ~EUR 23.6M cash and 493,150 JBT Marel shares.","Consideration per share: EUR 3.60 cash, or 0.0265 JBTM shares + EUR 1.26 cash, or 0.0407 JBTM shares, subject to proration.","Post-acquisition shares outstanding: 51,884,100 (including 6,095 treasury shares).","Marel shareholders who made no election received EUR 1.26 cash and 0.0265 JBTM shares per Marel share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172701,"accession_number":"0001193125-25-010501","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K/A","filed_at":"2025-01-22T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"JBT Marel files pro forma financials for Marel deal; combined net loss $41M in FY2023","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Marel holders representing 97.5% of shares accepted; squeeze-out redemption period ends Jan 30, 2025.","Pro forma combined balance sheet as of Sep 30, 2024: total assets $8.2B, goodwill $2.6B, long-term debt $2.4B.","Pro forma combined net loss of $41M for FY2023, net income of $20M for 9 months ended Sep 30, 2024.","Total consideration ~EUR 950M cash and ~38% pro forma ownership; new $1.8B revolver and $900M term loan B."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172702,"accession_number":"0001193125-25-002636","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2025-01-07T23:59:59+00:00","items":["1.01","1.02","2.01","2.03","5.02","5.03","7.01","9.01"],"status":"ready","headline":"JBT Marel completes acquisition of Marel hf.; issues ~19.5M shares, pays ~EUR 927M cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Achieved 97.5% acceptance; Marel shareholders received EUR 926.6M cash and 19.5M JBTM shares.","New $1.8B revolver (2030 maturity) and $900M term loan (2032) used to fund deal and repay existing Marel debt.","Board expanded from 7 to 10; appointed Svafa Gronfeldt, Olafur Gudmundsson, Arnar Masson, Ann Savage as directors.","Arni Sigurdsson appointed President; EUR 750k base salary, $1.25M sign-on incentives; eligible for LTIP awards.","Compulsory acquisition of remaining shares at EUR 3.60; redemption period ends Jan 30, 2025; Marel delisting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189720,"accession_number":"0001193125-24-283125","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-12-20T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"JBT achieves 97.5% Marel shareholder acceptance, will complete acquisition Jan 2, 2025","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Marel shareholders tendered 735.3M shares (97.5%), exceeding the 90% minimum acceptance condition.","Settlement expected Jan 2, 2025; proration applied as more shareholders elected JBT stock than available.","JBT intends to squeeze out untendered shares under Icelandic law; will rename to JBT Marel Corp. (ticker JBTM) effective Jan 2.","JBTM shares to trade on NYSE and Nasdaq Iceland starting Jan 3, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189719,"accession_number":"0001193125-24-267253","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-11-27T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"JBT receives all regulatory clearances for Marel acquisition; offer expires Dec 20, 2024","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["European Commission cleared transaction on Nov 26, 2024 after Phase 1 review.","Australian Competition and Consumer Commission confirmed no opposition on Nov 22, 2024.","Voluntary takeover offer expires Dec 20, 2024 at 12:00 GMT; settlement expected by Jan 3, 2025.","Ann Savage (Marel director since 2013) to join combined board; Antonius van der Laan no longer expected.","JBT requires at least 90% shareholder acceptance to settle the offer consideration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189718,"accession_number":"0001193125-24-259950","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-11-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"JBT files Marel Q3 financials as part of ongoing takeover offer; Marel revenue down 4.6%, net profit plummets","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Marel 9M 2024 revenue EUR 1,214.7M (-4.6% YoY); net profit EUR 2.7M vs EUR 22.3M a year earlier.","Adjusted operating profit EUR 106.7M (-3.3%); Marel incurred EUR 13.3M in M&A expenses related to JBT.","Poultry segment revenue EUR 615.5M (-3.1%); Meat and Fish segments reported operating losses.","Offer extended to earliest of Nov 11, 2024 or 3 weeks after all regulatory clearances are secured.","JBT filed pro forma combined financials reflecting the acquisition as of Sept 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189717,"accession_number":"0001193125-24-247001","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"JBT extends Marel takeover offer to Dec 20 for regulatory reviews","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Offer extended from Nov 11 to Dec 20, 2024; E.C. Phase 1 review ends Nov 28.","JBT anticipates E.C. approval by late Nov; ACCC decision targeted similar timeframe.","Settlement expected no later than Jan 3, 2025, per amended 5-business-day settlement.","Shareholders who already tendered do not need to re-tender."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189716,"accession_number":"0001433660-24-000043","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-10-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Q3 revenue $454M (+12%), adj. EPS $1.50 (+35%), reiterates FY 2024 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 income from continuing ops $38M (+23%); diluted EPS $1.18 (+22%).","Orders $440M (+10%); backlog $698M; YTD free cash flow $79M.","FY 2024 guidance reiterated: revenue $1.715-1.75B, adj. EBITDA $295-305M, adj. EPS $5.05-5.35.","Marel acquisition: E.C. notification imminent; expect close by end of 2024; secured $900M Term Loan B at SOFR+225bps.","Non-cash pension charge of ~$28-32M in Q4 2024 lowers GAAP EPS guidance to $3.60-3.90."],"consensus_eps_estimate":null,"consensus_eps_actual":2.87,"consensus_revenue_estimate":null,"consensus_revenue_actual":1248400000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206226,"accession_number":"0001193125-24-207171","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-08-26T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"JBT extends Marel takeover offer deadline to Nov 11, 2024 or 3 weeks post regulatory clearances","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Offer expiration extended from Sept 2 to earlier of Nov 11, 2024 or three weeks after all regulatory clearances secured.","FSA granted extension; deal expected to close by year-end 2024 per CEO Brian Deck.","Shareholders who already tendered need not re-tender.","JBT and Marel continue to pursue required regulatory approvals.","Press release issued upon receipt of all regulatory clearances."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206225,"accession_number":"0001193125-24-199448","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-08-13T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"JBT provides Marel H1 2024 financials and pro forma combined data for takeover","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Marel H1 2024 revenue €827.8M vs €869.8M YoY; net loss €1.1M vs profit €12.2M.","Marel adjusted operating profit €70.5M; incurred €12.0M M&A expenses related to JBT offer.","JBT filed pro forma combined balance sheet as of June 30, 2024 and income statements for 2023 and H1 2024.","JBT special meeting on Aug 8, 2024 to approve share issuance; offer period ends Sep 2, 2024.","Marel revenue breakdown: Poultry €424.6M, Meat €204.7M, Fish €82.9M, Plant/pet/feed €102.5M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206224,"accession_number":"0001193125-24-197882","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-08-09T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"JBT shareholders approve stock issuance for Marel acquisition; over 30M votes in favor","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Special meeting on Aug 8, 2024; 30,077,405 shares (94.5% of outstanding) present.","Proposal 1 (Stock Issuance for Marel deal) approved: 30,046,976 For, 16,403 Against.","Proposal 2 (Adjournment) also approved but not needed due to sufficient votes on Proposal 1.","Stock Issuance is a key step to close the acquisition of Marel hf. per Transaction Agreement dated April 4, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206223,"accession_number":"0001433660-24-000038","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"JBT awards EVP Rizzolo $75K assignment bonus, $250K success bonus for Marel integration","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Compensation Committee approved $75,000 cash assignment bonus for Augusto Rizzolo, payable August 2024.","Success bonus of $250,000 (cash + restricted stock, 2-yr vest) upon integration targets for pending Marel combination.","Rizzolo continues as EVP Diversified Food & Health; integration role expected to last 12-18 months after closing.","Proposed combination with Marel expected to close by end of 2024, subject to shareholder and regulatory approvals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206222,"accession_number":"0001193125-24-190334","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"JBT supplements Marel deal proxy disclosures to moot shareholder lawsuit","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Lawsuit filed July 18 in Illinois claims proxy omits material info; seeks injunction against Aug 8 stockholder vote.","JBT voluntarily adds disclosures on JBT Subcommittee, Eyrir Invest exclusivity extension (with capped expense reimbursement).","Supplement updates Goldman Sachs DCF and selected precedents analysis details (e.g., EV/EBITDA multiples, terminal year figures).","JBT believes all claims are without merit and Proxy Statement fully complies with law.","Company has also received demand letters making similar allegations; supplemental disclosures aim to moot all claims."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206221,"accession_number":"0001433660-24-000026","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-07-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Q2 revenue $402M (-6% YoY), EPS $0.95; Marel combination progressing, offer expires Sept 2","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $402M (-6% YoY); income from cont ops $31M (+8%); GAAP EPS $0.95 (+7%), adj EPS $1.05 (+8%).","Orders $437M (just below record, +13% sequentially); backlog $697M; adj EBITDA $64M (-11%), margin 15.8%.","FY 2024 guidance: revenue $1.715-1.75B (+3-5% YoY); adj EBITDA $295-305M; adj EPS $5.05-5.35.","Marel offer: €950M cash + ~38% ownership; offer period ends Sept 2; special stockholder meeting Aug 8; close targeted by year-end.","YTD free cash flow $14M; net leverage 0.6x; cumulative restructuring run-rate savings $17M."],"consensus_eps_estimate":null,"consensus_eps_actual":1.66,"consensus_revenue_estimate":null,"consensus_revenue_actual":794600000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223279,"accession_number":"0001193125-24-165065","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K/A","filed_at":"2024-06-21T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"JBT amends 8-K to add inline XBRL financials; 2021 balance sheet recast for AeroTech sale","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Amendment provides inline XBRL-tagged audited financial statements for 2023, 2022, and 2021.","2021 balance sheet recast to reflect the sale of the AeroTech business segment; notes revised accordingly.","No other changes were made to the audited financial statements previously included in the 2023 Form 10-K.","Filing also includes Rule 425 communication regarding JBT's pending offer to acquire Marel."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223285,"accession_number":"0001193125-24-163460","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-06-18T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"JBT files audited financials for 2021-2023 in support of Marel takeover offer","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["FY 2023 revenue $1.66B (+5% YoY); operating income $164.7M vs $132.6M in 2022.","Continuing ops diluted EPS $4.02 in 2023, up from $3.23 in 2022.","Cash from AeroTech sale boosted cash to $483.3M at Dec 2023 from $71.7M.","Long-term debt reduced to $646.4M from $977.3M; used proceeds to pay down debt.","Changed inventory costing method from LIFO to FIFO in 2023, impacting comparability."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223284,"accession_number":"0001193125-24-142918","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-05-20T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"JBT amends $1.3B credit facility to permit Marel takeover offer","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Second Amendment to existing $1.3B revolving credit agreement executed May 17, 2024.","Amendment expressly permits JBT's voluntary takeover offer for all shares of Marel hf.","Modifies negative and financial covenants to accommodate the Marel transaction.","Required Lenders (Wells Fargo, BofA, JPMorgan, and others) provided consent.","Credit facility continues in full force; no novation of existing obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223283,"accession_number":"0001433660-24-000022","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-05-14T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"JBT shareholders re-elect directors, approve say-on-pay, ratify auditor at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["C. Maury Devine re-elected with 28.5M votes for, 1.3M against; Charles L. Harrington re-elected with 29.5M for, 0.2M against.","Advisory vote on named executive officer compensation passed with 29.1M for, 0.6M against.","Ratification of PricewaterhouseCoopers as independent auditor approved with 30.5M for, 32k against.","No broker non-votes on any proposal as all were non-discretionary items."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223282,"accession_number":"0001628280-24-019641","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Q1: EPS $0.71 (+34%), adj EPS $0.85 (+39%); revenue $392M (+1%); FY guidance reiterated; Marel deal on track","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 revenue $392M (+1% YoY); GAAP EPS $0.71 (+34%); adjusted EPS $0.85 (+39%).","Adjusted EBITDA $57M (+6%); margin 14.6% (+60 bps). Orders $389M (-4%).","FY 2024 guidance reiterated: revenue $1,735-1,765M, adj EBITDA $295-310M, adj EPS $5.05-5.45.","Marel combination: definitive agreement signed Apr 4; expects >$125M annual cost synergies within 3 years; targeting close by end of 2024.","Operating cash flow $10M; free cash flow $1M; net leverage 0.6x."],"consensus_eps_estimate":null,"consensus_eps_actual":0.71,"consensus_revenue_estimate":null,"consensus_revenue_actual":392300000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223281,"accession_number":"0001193125-24-088658","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-04-05T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"JBT to acquire Marel for EUR 3.60/share cash or stock; total cash ~EUR 950M; close expected by year-end 2024","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Offer price EUR 3.60 per share cash, or 0.0407 JBT shares; total cash ~EUR 950M; Marel shareholders get ~38% of combined co.","Transaction expected to close by year-end 2024; subject to regulatory, shareholder approvals and 90% minimum tender condition.","JBT entered EUR 1.9B bridge credit facility to finance the cash portion; backstop commitment for $1.3B revolver if existing facility not amended.","Combined company to be named JBT Marel; Brian Deck CEO, Arni Sigurdsson President, Alan Feldman Chairman; board 5+4+1.","Reverse termination fee of EUR 85M-110M payable by JBT if regulatory approval fails; expense reimbursements up to EUR 35M each side."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223280,"accession_number":"0001193125-24-087864","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-04-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"JBT signs definitive agreement for voluntary takeover of Marel; offer value ~€3.60/share, expected close end-2024","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Offer: €3.60/share cash, 0.0407 JBT shares, or combination (65% stock/35% cash mix); Marel shareholders receive ~€950M cash and 38% of combined company.","Largest Marel shareholder Eyrir Invest (≈25% ownership) irrevocably undertakes to accept the offer.","Combined company named JBT Marel; Brian Deck as CEO, Arni Sigurdsson as President, Alan Feldman as Chairman; board of 5 JBT + 4 Marel independent directors plus CEO.","Financing: €1.9B fully committed bridge facility from Goldman Sachs and Wells Fargo; pro forma net leverage expected <3.5x at year-end 2024, <3.0x by 2025.","Offer expected to launch May 2024 pending FSA approval; transaction targeted to close by end-2024 subject to regulatory and shareholder approvals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242764,"accession_number":"0001433660-24-000010","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-03-04T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Emmanuel Lagarrigue resigns from JBT board; board size reduced to 7","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Emmanuel Lagarrigue resigned from JBT's Board effective February 27, 2024.","Resignation is not the result of any disagreement with the Company.","Board size decreased from eight to seven members in accordance with by-laws.","Lagarrigue had served on the Board since 2019 and was on Audit and Governance committees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242763,"accession_number":"0001433660-24-000004","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-02-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Q4 EPS $1.64 (+69%); adj EPS $1.40; FY adj EBITDA margin 16.4%; Marel offer €3.60","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $445M (+1%); net income $53M (+69%); adjusted EBITDA $81M, margin 18.2% (+260 bps).","Full-year 2023 revenue $1,664M (+5%); adjusted EBITDA $273M (+20%); free cash flow $167M (129% conversion).","FY2024 guidance: revenue $1,750-1,780M; adj EBITDA $295-310M (margin 17.0-17.5%); adj EPS $5.05-$5.45.","Potential Marel merger: offer €3.60/share, 65% JBT stock/35% cash; launch expected Q2 2024, subject to conditions.","Net leverage 0.6x; backlog $678M (+2%); orders $1,668M (+5%); FIFO inventory method change adopted."],"consensus_eps_estimate":null,"consensus_eps_actual":18.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":1664400000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242762,"accession_number":"0001193125-24-010641","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-01-19T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"JBT announces intention to acquire Marel for €3.5B; reports prelim 2023 EPS above guidance and 2024 outlook","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["JBT to acquire Marel at €3.60 per share, valuing Marel equity at ~€2.7B and enterprise value at ~€3.5B (incl. net debt).","Offer premium: 54% above Marel's Nov 23 close (ISK 350) and 16% above Jan 18 close; consideration mix ~65% stock, 35% cash.","Expected cost synergies >$125M annually within three years post-close; pro forma net leverage <3.5x at YE2024, <3.0x by YE2025.","Preliminary FY2023 GAAP EPS $4.00-$4.10 (above prior guidance of $3.50-$3.65); adjusted EPS $4.05-$4.15 (prior $3.95-$4.10).","FY2024 guidance: revenue $1.75B-$1.78B, adjusted EPS $5.05-$5.45, adjusted EBITDA margin 17.0%-17.5%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242761,"accession_number":"0001193125-24-003498","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2024-01-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"JBT receives extension to Jan 19 for Marel takeover offer decision","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Deadline extended from Jan 5 to Jan 19, 2024 by FSA of Central Bank of Iceland.","JBT's non-binding proposal submitted Nov 24, 2023, revised Dec 13, 2023.","Binding offer remains subject to JBT Board approval; no assurance of formal offer.","Goldman Sachs is financial advisor; LEX and Kirkland & Ellis are legal counsel."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260145,"accession_number":"0001193125-23-294860","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2023-12-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"JBT proposes €3.40/share acquisition of Marel hf, 46% premium, ~€3.4B EV","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["JBT submitted enhanced €3.40 per share offer (ISK511) for Marel; 46% premium to Nov 23, 2023 unaffected price.","Irrevocable undertaking secured from Eyrir Invest hf, which holds 24.7% of Marel shares, supporting the proposal.","Flexible consideration: up to 50% cash; Marel shareholders could own 29% (50/50 mix) or 45% (all-stock) of combined company.","Strategic rationale: complementary food & beverage technology portfolios, cross-selling, cost synergies, and expanded global reach.","JBT commits to significant Icelandic presence (European HQ in Gardabaer) and proportional board representation for Marel."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260144,"accession_number":"0001193125-23-282776","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2023-11-24T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"JBT confirms non-binding proposal to acquire Marel; Eyrir Invest with 24.7% supports exclusivity","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["JBT submitted non-binding initial proposal to acquire all shares of Marel hf., listed on Nasdaq Iceland and Euronext Amsterdam.","Eyrir Invest hf., holder of 24.7% of Marel shares, gave an irrevocable undertaking and entered exclusivity.","Proposal is preliminary; no assurance that any formal offer will be made.","Goldman Sachs is JBT's financial advisor; LEX and Kirkland & Ellis are legal counsel."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260143,"accession_number":"0001433660-23-000036","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2023-10-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Q3 continuing ops EPS $0.95 (+19% YoY); adjusted EPS $1.11 (+16% YoY); orders +14%; updates FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Income from continuing ops $31M, EPS $0.95 (+19%); adjusted EPS $1.11 (+16%).","Revenue $404M (+1% YoY); organic revenue -2%; acquisitions added 3%.","Orders $398M (+14% YoY); backlog $689M (+4% YoY).","Adjusted EBITDA $66M (+9%); margin 16.4% (+120 bps).","Completed sale of AeroTech on Aug 1, 2023 for pre-tax gain of $588M; net debt/EBITDA 0.5x."],"consensus_eps_estimate":null,"consensus_eps_actual":16.32,"consensus_revenue_estimate":null,"consensus_revenue_actual":1219800000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277437,"accession_number":"0001433660-23-000026","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2023-08-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"JBT Q2 continuing ops adj. EPS $0.97 beat implied guidance; AeroTech sale closed for $800M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue from continuing ops $428M (+9% YoY); income $28M; adjusted EBITDA $71M (+34%) with margin 16.7%.","Adjusted EPS $0.97 vs implied guidance $0.70-0.85; GAAP EPS $0.87.","Completed sale of AeroTech to Oshkosh for $800M; expects net proceeds ~$650M.","FY 2023 continuing ops guidance: revenue $1.67-1.72B, adj. EPS $3.80-4.05; Q3 adj. EPS $0.90-1.05.","Restructuring expense $11-13M in FY23; estimated annualized savings $18-20M by mid-2024."],"consensus_eps_estimate":null,"consensus_eps_actual":1.76,"consensus_revenue_estimate":null,"consensus_revenue_actual":816200000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295349,"accession_number":"0001193125-23-166937","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2023-06-14T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"JBT gets lender consent for AeroTech sale to Oshkosh; subsidiary guarantors released","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Limited Consent entered June 9, 2023, gives lenders' approval for JBT's sale of AeroTech subsidiary to Oshkosh Corporation.","Consent covers the AeroTech stock/asset sale and releases AeroTech and JBT Lektro as guarantors upon closing.","Alternative sale to another third party also permitted if no default and pro forma covenant compliance.","Credit Agreement remains fully in effect; no other waivers granted."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295348,"accession_number":"0001193125-23-156014","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2023-05-30T23:59:59+00:00","items":["1.01","5.02","7.01","9.01"],"status":"ready","headline":"JBT sells AeroTech to Oshkosh for $800M cash; expects Q3 2023 close","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["All-cash sale valued at $800M; multiple ~14.7x trailing 4Q adjusted EBITDA as of March 31, 2023.","AeroTech classified as held for sale; reported as discontinued operations starting Q2 2023.","Dilutive impact to Q2 GAAP EPS from cont. ops ~$0.33; adj. EPS ~$0.40.","Net proceeds used for debt repayment and FoodTech inorganic growth.","Special $400K bonus approved for EVP and President of AeroTech, contingent on deal close."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295347,"accession_number":"0001433660-23-000016","cik":1433660,"company_name":"JBT MAREL Corp","ticker":"JBTM","form_type":"8-K","filed_at":"2023-05-18T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"JBT shareholders approve phased board declassification by 2026; annual meeting results","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board declassification approved: fully declassified by 2026 annual meeting; Certificate of Incorporation amended May 15, 2023.","Three directors re-elected: Barbara Brasier, Brian Deck, Polly Kawalek with over 28.5M votes each.","Say-on-pay passed with 29.1M votes for; advisory vote on compensation frequency set to annual.","PricewaterhouseCoopers ratified as auditor for FY 2023 with 30.2M votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":6989583683.3758745,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-05-18T23:59:59+00:00|295347"}