JBT Q3 continuing ops EPS $0.95 (+19% YoY); adjusted EPS $1.11 (+16% YoY); orders +14%; updates FY guidance

JBT MAREL Corp

2023-Q3 EPS reported $16.32 revenue$1,219,800,000

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.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JBT MAREL Corp reported third quarter ended September 30, 2023 results: revenue $404 million, net income $31 million, EPS $0.95. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $404 million
Net income: $31 million
EPS: $0.95
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of 2023, and prior period financial results have been recast accordingly. The below paragraphs reflect JBT's results from continuing operations. Third quarter 2023 revenue of $404 million increased 1 percent year over year driven by 3 percent growth from acquisitions, which was partially offset by a 2 percent decline in organic revenue. Income from continuing

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Source: SEC EDGAR

accession 0001433660-23-000036

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