---
schema_version: "secwatch.filing_event.v1"
accession: "0001433660-24-000004"
form_type: "8-K"
ticker: "JBTM"
cik: "0001433660"
company_name: "JBT MAREL Corp"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:58:48.823639+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# JBT Q4 EPS $1.64 (+69%); adj EPS $1.40; FY adj EBITDA margin 16.4%; Marel offer €3.60

## Summary
- 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.

## SEC filing metadata
- accession: 0001433660-24-000004
- form_type: 8-K
- ticker: JBTM
- cik: 0001433660
- company_name: JBT MAREL Corp
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433660/000143366024000004/0001433660-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433660/000143366024000004/jbt-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433660-24-000004
- JSON: https://secwatch.observer/filing/0001433660-24-000004.json
- Plain text: https://secwatch.observer/filing/0001433660-24-000004.txt

## Key facts
- Earnings Releases
  JBT MAREL Corp reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $445 million, net income $53 million, EPS $1.64. Guidance reaffirmed.
  - Period: fourth quarter and fiscal year ended December 31, 2023
  - Revenue: $445 million
  - Net income: $53 million
  - EPS: $1.64
  - Guidance: reaffirmed
  - Result: reported results
  source text: This election change does not impact adjusted EBITDA or adjusted earnings per share as JBT’s metrics already reflected a FIFO accounting basis. Fourth quarter 2023 revenue of $445 million increased 1 percent year over year. Income from continuing operations of $53 million increased 69 percent. Included in income from continuing operations was an $11 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433660/000143366024000004/0001433660-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.