JBT MAREL Corp (JBTM) Form 10-Q — Nov 3, 2026
JBT Marel Corp (NYSE: JBTM) reported Q3 2026 net income of $70M ($1.35 basic EPS) on revenue of $994M, with Adjusted EBITDA margin expanding 90 bps to 18.0%. For the nine months, revenue grew 4.3% to $2,911M with a swing from a $104M loss to $143M in net income. The Board authorized a $500 million increase to the share repurchase program on October 30, 2026, bringing total authorization to $700 million through May 2029. The company repurchased 800,855 shares at an average of $117.59 in August 2026.
Key figures
- Eps
- $1.35 basic / $1.34 diluted (Q3); $2.74 basic / $2.73 diluted (9M)
- Revenue
- $994M (Q3 2026); $2,911M (9M 2026)
- Net Income
- $70M (Q3 2026); $143M (9M 2026)
- Total Debt
- $1,719M gross outstanding debt
- Revenue Yoy
- -0.7% Q3; +4.3% nine months
- Cash Position
- $98M (Sept 30, 2026)
- Total assets
- $7,969M
- Buyback increase
- $500M increase to $700M total authorization
- Free cash flow 9m
- $252M
- Adjusted ebitda 9m
- $489M (16.8% margin, +110 bps)
- Adjusted ebitda q3
- $179M (18.0% margin, +90 bps)
- Operating cash flow 9m
- $320M
- Adjusted diluted eps 9m
- $5.73 vs $4.42 prior year
- Adjusted diluted eps q3
- $2.19 vs $1.94 prior year
- Total stockholders equity
- $4,429M
- Prepared food bev revenue 9m
- $1,515M (-2.3%)
- Protein solutions revenue 9m
- $1,396M (+12.6%)
- Remaining performance obligations
- $1.5B
AI analysis
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