JBT Marel Corporation Reports Strong 2024 Results and Merger Success

JBT Marel Corporation Reports Strong 2024 Results and Merger Success

John Bean Tech ( (JBTM) ) has released its Q4 earnings. Here is a breakdown of the information John Bean Tech presented to its investors.

JBT Marel Corporation is a leading global technology solutions provider, specializing in high-value segments of the food and beverage industry, offering innovative systems and services to optimize food production and efficiency. Recently, JBT Marel reported its standalone fourth-quarter and full-year 2024 results, highlighting record orders and a successful merger with Marel, which was completed at the start of 2025. JBT’s standalone performance showed a record quarterly order of $523 million, with a full-year adjusted EBITDA of $295 million, marking an 8% increase. Meanwhile, Marel reported a full-year revenue decline of 5% but achieved a record in aftermarket revenue. The combined entity exceeded $1 billion in fourth-quarter orders and anticipates $150 million in cost synergies over the next three years. Looking ahead, JBT Marel’s management is optimistic about leveraging the merger’s benefits, with a 2025 revenue forecast of $3.575 to $3.650 billion and expected cost synergies contributing to improved financial performance.

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