JBT Q3 revenue $454M (+12%), adj. EPS $1.50 (+35%), reiterates FY 2024 guidance

JBT MAREL Corp

2024-Q3 EPS reported $2.87 revenue$1,248,400,000

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.

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