earnings
confidence high
sentiment positive
materiality 0.75
JBT Marel posts Q4 record orders; raises cost synergies to $150M; guides FY25 adj EPS $5.50-6.10
JBT MAREL Corp
2024-FY EPS reported
$2.65
revenue$1,716,000,000
- JBT standalone Q4 record orders $523M; FY24 revenue $1,716M (+3%), adj EBITDA $295M (+8%).
- Marel standalone FY24 revenue €1,643M (-5%), net loss €25M, adj EBITDA €200M includes €17M unfavorable adjustment.
- Combined FY24 pro forma revenue $3,494M, adj EBITDA $479M (13.7% margin). Cost synergy target raised to $150M in 3 years.
- FY25 guidance: revenue $3,575-$3,650M, adj EBITDA margin 15.75%-16.50%, adjusted EPS $5.50-$6.10.