JBT Marel sees 5% second-quarter revenue growth, declares dividend

USA – JBT Marel Corporation has declared a quarterly cash dividend of US$0.10 per outstanding common share just days after the company posted quarterly revenue of US$981 million

The dividend is scheduled for payment on August 31, 2026.

Shareholders of record as of the close of business on August 17 will be eligible for the dividend.

In the recent financial results reported, JBT Marel posted higher revenue, adjusted EBITDA and orders despite operational and logistics challenges.

The company posted quarterly revenue of US$981 million, representing a 5% increase from the corresponding period a year earlier, with foreign exchange movements contributing about 2 percentage points to the growth.

Net income rose by US$25 million to US$28 million, lifting the net income margin by 250 basis points to 2.9%, although the figure included a US$33 million non-cash impairment charge linked to an acquisition completed in 2021.

Adjusted EBITDA increased by US$12 million to US$168 million, while the adjusted EBITDA margin reached 17.1%, up 40 basis points from the same quarter last year.

Diluted earnings per share increased to US$0.54 from US$0.07, while adjusted earnings per share climbed to US$1.95 from US$1.49.

Orders reached US$1.03 billion during the quarter, including an estimated US$16 million benefit from foreign exchange translation, while the company ended June with a backlog of US$1.54 billion.

Integration and cost pressures

JBT Marel said its Prepared Food and Beverage Solutions segment recorded strong demand, particularly for downstream and further-processing equipment, helping drive order activity during the quarter.

However, the company also reported operational inefficiencies and logistics constraints within the segment, alongside higher costs linked to inflation and a changing economic and trade environment.

Chief Financial Officer Matt Meister said the company expects its integration and cost-saving measures to deliver US$60 million in realised savings during 2026.

JBT Marel said it is also using pricing measures and operational improvements to manage higher input costs and other short-term pressures.

For the first six months of 2026, operating cash flow stood at US$221 million, while free cash flow reached US$179 million.

As of June 30, the company’s net debt stood at 2.47 times trailing 12-month adjusted EBITDA.

JBT Marel also continued its share repurchase programme during the quarter, buying about 200,000 shares for US$26 million under a plan that allows purchases of up to US$200 million through May 31, 2029.

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