JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a prominent player in providing technology solutions for the food and beverage sector, has announced its financial results for the fourth quarter and the entire year of 2025, alongside an optimistic outlook for 2026. The announcement showcases the company's resilience amid challenging market conditions and highlights its strategic direction for sustained growth.

1. 2025 Financial Overview

Brian Deck, the Chief Executive Officer of JBT Marel, expressed satisfaction with the company's performance during its inaugural year as JBT Marel, emphasizing the successful integration of operations and a customer-centric approach. “Our team's strong execution, successful integration efforts, and continuous improvement initiatives led to excellent performance in 2025 and a positive outlook for 2026,” Deck stated.

Key Financial Metrics

Consolidated Revenue: The company reported consolidated revenue of approximately $3.8 billion for the full year 2025, which includes a foreign exchange translation benefit of about $77 million.

Loss from Continuing Operations: The loss from continuing operations was $50 million, reflecting a margin of (1.3%). This loss was exacerbated by acquisition-related costs, pension settlements, and restructuring expenses.

Adjusted EBITDA: JBT Marel recorded an adjusted EBITDA of $600 million, which corresponds to a margin of 15.8%.

Backlog and Orders: The year-end backlog stood at approximately $1.4 billion, with total orders for 2025 amounting to $3.8 billion, which included a foreign exchange benefit of around $79 million.

2. Segment Performance

In a strategic move, JBT Marel realigned its reportable segments into two categories: Protein Solutions and Prepared Food and Beverage Solutions. For the full year 2025, the segment revenues were as follows:

Protein Solutions: $1.716 billion with an adjusted EBITDA margin of 20.1%.

Prepared Food and Beverage Solutions: $2.082 billion with an adjusted EBITDA margin of 17.2%.

Synergy Actions and Cost Savings

The company achieved approximately $43 million in year-over-year synergy savings and projects an annualized run rate savings of $85 million as it moves forward. For 2026, JBT Marel anticipates an additional $60 million in year-over-year synergy savings.

3. Guidance for 2026

JBT Marel has set ambitious guidance for the full year 2026, projecting a continued upward trajectory in revenue, margins, and earnings. Key guidance metrics include:

Revenue: Expected between $3.990 billion and $4.065 billion, representing a year-over-year growth of 5% to 7%.

Income from Continuing Operations Margin: Anticipated to range between 6.1% and 6.6%.

Adjusted EBITDA Margin: Projected between 17.0% and 17.5%.

GAAP EPS: Expected to be between $4.70 and $5.15, while adjusted EPS is anticipated to range from $8.00 to $8.50.

The company expects to incur one-time and acquisition-related costs, including $178 million in acquisition-related amortization and depreciation, $20 million in M&A-related costs, and $30 million in restructuring costs.

4. Financial Health and Future Outlook

JBT Marel has demonstrated strong cash flow generation, with operating cash flow from continuing operations reaching $342 million and free cash flow amounting to $250 million for 2025. As of December 31, 2025, the company's net debt to trailing twelve months adjusted EBITDA ratio was 2.9x, reflecting a robust balance sheet.

Upcoming Events

The company will host a conference call at 10:00 AM ET on February 24, 2026, to discuss these results in detail. Furthermore, JBT Marel will conduct an Investor Day in New York City on March 26, 2026, where executives will outline strategic priorities and growth initiatives.

5. Conclusion

JBT Marel's performance in 2025 illustrates its capability to navigate complex market dynamics while establishing a solid foundation for future growth. With a clear strategy and a focus on operational efficiency, the company is well-positioned to capitalize on emerging opportunities within the food and beverage industry as it heads into 2026.

Original press release