JBT Marel's Q1 2025 Orders Hit $916M

By Tamara Parker • Monday, May 05 10:09 • Permanent Link

JBT Marel Corporation has released its first quarter 2025 financial results, highlighting several key metrics. The company achieved quarterly orders of $916 million, with a backlog of $1.3 billion. Revenue totaled $854 million, with more than half generated from recurring products and services. The company reported a net income from continuing operations of $(173) million, including pre-tax charges of $147 million related to the non-cash final settlement of the U.S. pension plan, $74 million in M&A related items, $42 million in acquisition related amortization expense, and $11 million in restructuring costs.

On a positive note, the company's adjusted EPS was $0.97, showing an improvement over the prior period. Additionally, JBT Marel reported that its liquidity as of March 31, 2025, was approximately $1.3 billion, providing significant flexibility to fund strategic initiatives.

Comparing the first quarter 2025 results to the prior year, the company's revenue increased from $841 million to $854 million. The adjusted EBITDA margin also improved from 11.9% to 13.1% during the same period.

Moreover, JBT Marel remains on track to deliver expected in-year realized synergy savings of $35 * $40 million and annualized run rate savings of $80 * $90 million exiting 2025. The company expects to incur $25 * $30 million in total restructuring costs for the full year 2025, with anticipated in-year realized savings of $20 * $25 million and annualized run rate synergy savings of $50 * $60 million exiting 2025.

However, due to macroeconomic uncertainty created by trade policies and tariffs, the company has suspended its full year 2025 guidance and chosen to provide second quarter 2025 guidance. JBT Marel's consolidated guidance for the second quarter of 2025 includes revenue of $885 * $915 million and adjusted EPS of $1.20 * $1.40, indicating a positive outlook for the upcoming period.

Following these announcements, the company's shares moved -3.5%, and are now trading at a price of $103.42. For more information, read the company's full 8-K submission here.

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