secwatch.observer — SEC 8-K summary
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Issuer:     JBT MAREL Corp (JBTM)
CIK:        0001433660
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001433660-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433660/000143366024000043/0001433660-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433660/000143366024000043/jbt-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001433660-24-000043

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