JBT Marel Corporation released its third‑quarter 2025 financial results, reporting consolidated revenue of $1.001 billion, a 120.6% year‑over‑year increase from $453.8 million in Q3 2024. The jump reflects a surge in demand for poultry equipment and digital services, which together accounted for the majority of the revenue growth.
Net income from continuing operations reached $67 million, while adjusted EBITDA climbed to $171 million, giving a margin of 17.1% versus 14.6% a year earlier. Adjusted earnings per share of $1.94 beat the consensus estimate of $1.51 by $0.43, a 28% upside, underscoring the company’s effective cost controls and the acceleration of merger‑related synergy savings of $40–45 million.
Orders for the quarter totaled $946 million, more than double the $440 million recorded in Q3 2024, and the company’s backlog stood at $1.3 billion. A bank leverage ratio of 2.7× and liquidity of roughly $1.9 billion provide a solid balance‑sheet foundation as the company continues to deleverage.
Management raised its full‑year 2025 guidance, projecting revenue of $3.76–3.79 billion, an adjusted EBITDA margin of 15.75–16.0%, and adjusted EPS of $6.10–6.40. The upward revision reflects confidence in sustained demand, the successful integration of Marel, and the realization of $40–45 million in synergy savings during the year.
Segment analysis shows the Marel unit generated $537 million in revenue with an 18.6% adjusted EBITDA margin, while the JBT unit produced $465 million in revenue and a 15.3% margin. CEO Brian Deck highlighted that “excellent manufacturing and supply‑chain productivity, combined with a favorable equipment mix, drove the quarter’s outperformance.” CFO Matt Meister added that “higher volume flow‑through and accelerated synergy savings were key to margin expansion.”
Analysts noted the earnings beat and margin expansion as evidence of strong execution, while acknowledging ongoing macro headwinds such as foreign‑exchange volatility and tariff pressures. The company’s guidance lift signals management’s belief that the combined entity can sustain growth and continue to deliver value to customers across its diversified end markets.
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