---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-012982"
form_type: "8-K"
ticker: "JBTM"
cik: "0001433660"
company_name: "JBT MAREL Corp"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:01:03.195502+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# JBT Q1 revenue up 13% to $530M; adjusted EPS $0.94 beats prior year; AeroTech record orders

## Summary
- Revenue $530M (+13% YoY); net income $26M ($0.80 EPS); adjusted EPS $0.94 (+7%).
- FoodTech revenue $389M (+9%); AeroTech revenue $141M (+25%) with record orders $232M (+51%).
- Adjusted EBITDA $70M (+30%); backlog $1.2B; liquidity $543M; net leverage 3.0x.
- FY2023 guidance: revenue growth 7-10%, GAAP EPS $4.50-$5.00, adjusted EPS $5.00-$5.50.
- Q2 guidance: revenue growth 5-9%, GAAP EPS $0.90-$1.05, adjusted EPS $1.10-$1.25.

## SEC filing metadata
- accession: 0001628280-23-012982
- form_type: 8-K
- ticker: JBTM
- cik: 0001433660
- company_name: JBT MAREL Corp
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433660/000162828023012982/0001628280-23-012982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433660/000162828023012982/jbt-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-012982
- JSON: https://secwatch.observer/filing/0001628280-23-012982.json
- Plain text: https://secwatch.observer/filing/0001628280-23-012982.txt

## Key facts
- Earnings Releases
  JBT MAREL Corp reported first quarter ended March 31, 2023 results: revenue Revenue of $530 million, net income Net income of $26 million, EPS Diluted EPS of $0.80.
  - Period: first quarter ended March 31, 2023
  - Revenue: Revenue of $530 million
  - Net income: Net income of $26 million
  - EPS: Diluted EPS of $0.80
  - Result: reported results
  source text: In total, consolidated JBT revenue of $530 million increased 13 percent year over year. Net income of $26 million was consistent with the prior year while adjusted EBITDA of $70 million increased 30 percent. Diluted earnings per share (EPS) from net income of $0.80 was consistent, and adjusted EPS of $0.94 increased 7 percent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433660/000162828023012982/0001628280-23-012982-index.htm
- Earnings Releases
  JBT MAREL Corp reported second quarter 2023 and full year 2023 results: revenue Revenue growth 5-9% (Q2) and 7-10% (FY), net income Net income $29-$34 million (Q2) and $145-$161 million (FY), EPS GAAP EPS $0.90-$1.05 (Q2) and $4.50-$5.00 (FY); Adjusted EPS $1.10-$1.25 (Q2) and $5.00-$5.50 (FY). Guidance reaffirmed.
  - Period: second quarter 2023 and full year 2023
  - Revenue: Revenue growth 5-9% (Q2) and 7-10% (FY)
  - Net income: Net income $29-$34 million (Q2) and $145-$161 million (FY)
  - EPS: GAAP EPS $0.90-$1.05 (Q2) and $4.50-$5.00 (FY); Adjusted EPS $1.10-$1.25 (Q2) and $5.00-$5.50 (FY)
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The table below reflects consolidated JBT guidance. Q2 2023 Guidance FY 2023 Guidance Revenue growth (year over year) 5 - 9% 7 - 10% Net income ($ millions) $29 - $34 $145 - $161 Adjusted EBITDA (1) ($ millions) $77 - $85 $330 - $360 GAAP EPS $0.90 - $1.05 $4.50 - $5.00 Adjusted EPS (1) $1.10 - $1.25 $5.00 - $5.50
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433660/000162828023012982/0001628280-23-012982-index.htm

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