JBT Marel reports US$1B Q3 2025 revenue, raises full-year guidance
Third quarter revenue reaches US$1.0 billion with a quarter-ending backlog of US$1.3 billion.
USA – JBT Marel Corporation, a global supplier of technology solutions for the food and beverage industry, recorded US$1.0 billion in revenue for the third quarter of 2025, with recurring revenue accounting for 49 percent of the total.
Orders during the quarter totaled US$946 million, while the backlog at the end of September stood at US$1.3 billion, indicating sustained demand across its operations.
Income from continuing operations reached US$67 million, representing a 6.7 percent margin, which included US$33 million in acquisition-related amortization and depreciation, US$7 million in restructuring costs, and US$6 million in merger and acquisition-related expenses.
Adjusted EBITDA for the quarter was US$171 million, equivalent to a 17.1 percent margin, with adjusted earnings per share of US$1.94 compared to a reported diluted EPS of US$1.28.
Approximately US$26 million of the revenue increase came from foreign exchange translation benefits, while operational and supply chain efficiencies contributed to revenue ahead of projections, particularly in the poultry segment.
Margins improved due to stronger volume flow, a favorable product mix of poultry equipment and shorter-cycle items, and accelerated realization of synergy savings from previous acquisitions.
CEO Brian Deck stated that the third quarter performance led to an upward revision of the full-year 2025 guidance, reflecting the company’s diverse market exposure and the benefits of scale from its combined operations.
Year-to-date operating cash flow from continuing operations reached US$224 million, with free cash flow of US$163 million, demonstrating steady liquidity management.
As of September 30, 2025, JBT Marel’s bank leverage ratio was 2.7 times, factoring in synergy benefits, and net debt to trailing twelve months pro forma adjusted EBITDA was 3.1 times.
The company reported liquidity of approximately US$1.9 billion, providing room to support ongoing operations and strategic initiatives for the remainder of 2025.
CFO Matt Meister attributed the revenue outperformance to higher book and ship revenue and improved backlog conversion, which enabled the company to recognize revenue ahead of schedule across key product lines.
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