secwatch.observer — SEC 8-K summary
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Issuer:     JBT MAREL Corp (JBTM)
CIK:        0001433660
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001628280-23-012982
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433660/000162828023012982/0001628280-23-012982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433660/000162828023012982/jbt-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-012982

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