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JBT Marel (JBTM)
NYSE:JBTM
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.82Last Year’s EPS
1.4Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 32.16%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong financial performance, including double-digit revenue growth and significant margin expansion. The AGV business showed impressive growth, and the company successfully secured financing for the Marel merger. However, there are some challenges, such as the anticipated noncash pretax charges and pockets of weakness in certain consumer packaged goods areas.Company Guidance
In the JBT Corporation's Q3 2024 earnings call, the company reported a strong performance, with revenue increasing by 12.4% year-over-year to $454 million, and adjusted EBITDA rising by 23% to $82 million, resulting in a margin improvement of 160 basis points to 18%. Orders also grew by 10% year-over-year, totaling $440 million, supported by recovery in the global poultry market and robust demand in pet food, fruits and vegetables, and pharma sectors. The company reiterated its full-year guidance for a revenue growth target of 3% to 5% and adjusted EBITDA growth of 10% at the midpoint, while updating its GAAP EPS projection to $3.60 to $3.90, reflecting planned pension plan settlements. Additionally, JBT secured financing commitments for the Marel merger, planning to issue a $900 million Term Loan B and expand its revolving credit facility to $1.8 billion, with a commitment to reducing leverage to less than 3x by year-end 2025.Double-Digit Revenue Growth
JBT posted a 12.4% year-over-year revenue increase, reaching $454 million, and surpassed expectations by recovering from a second quarter shortfall.
Significant Margin Expansion
Adjusted EBITDA grew by 23% year-over-year to $82 million, with a margin increase of 160 basis points, attributed to higher volume flow-through and cost savings from restructuring and supply chain initiatives.
Strong Free Cash Flow
Year-to-date free cash flow was $79 million, with a trailing 12-month figure of $184 million, driven by higher income and improved working capital management.
Record AGV Sales
The Automated Guided Vehicle (AGV) business achieved record sales and orders, with revenue expected to exceed $150 million, growing over 30% this year.
Successful Financing for Marel Merger
Secured $900 million Term Loan B and expanded revolving credit facility to $1.8 billion, with the offering being more than 3x oversubscribed.
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JBTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JBTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $95.18 | $112.06 | +17.73% |
| Jul 30, 2024 | $96.47 | $98.19 | +1.78% |
| May 01, 2024 | $88.58 | $90.11 | +1.73% |
| Feb 20, 2024 | $102.36 | $96.86 | -5.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does JBT Marel (JBTM) report earnings?
JBT Marel (JBTM) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is JBT Marel (JBTM) earnings time?
JBT Marel (JBTM) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JBTM EPS forecast?
JBTM EPS forecast for the fiscal quarter 2024 (Q4) is 1.82.
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