JBT Corp Q4 revenue $599M (+20% YoY), adj EPS $1.49 (+60%); FY23 adj EPS guidance $5.00-$5.50

JBT MAREL Corp

2022-FY EPS reported $4.07 revenue$2,166,000,000

Q4 revenue $599M (+20% YoY); adj EPS $1.49 vs $0.93; backlog $1.1B (+5%).
FY22 revenue $2.2B (+16%); adj EPS $4.77 vs $4.03; cash from ops $142M.
FoodTech Q4 rev $441M (+20%), adj EBITDA margin 19.7% (+240bps); AeroTech rev $158M (+23%).
FY23 guidance: rev growth 6-10%, GAAP EPS $4.50-$5.00, adj EPS $5.00-$5.50.
Completed Bevcorp and Alco acquisitions; net leverage 3.0x; Elevate 2.0 strategy.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JBT MAREL Corp reported financial results for fourth quarter and fiscal year ended December 31, 2022.

Period: fourth quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 21, 2023, John Bean Technologies Corporation (the "Company") issued a press release announcing financial results for its fourth quarter and fiscal year ended December 31, 2022.

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JBT MAREL Corp filing history →

Source: SEC EDGAR

accession 0001433660-23-000002

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