secwatch.observer — SEC 8-K summary
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Issuer:     JBT MAREL Corp (JBTM)
CIK:        0001433660
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001433660-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433660/000143366023000002/0001433660-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433660/000143366023000002/jbt-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001433660-23-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer