JBT Marel sees Q2 adjusted EPS $1.20-$1.40, consensus $1.22

Sees Q2 revenue $885M-$915M, consensus $875.53M. Sees Q2 adjusted EBITDA margin 14.5%-15.25%. The company said, “As a result of macroeconomic uncertainty created by trade policies and tariffs, it is more difficult to ascertain the potential impact on global demand. As a result, the Company has suspended its full year 2025 guidance and chosen to provide second quarter 2025 guidance. For the second quarter of 2025, the Company’s consolidated revenue guidance includes a favorable $10 – $15 million tailwind from foreign exchange translation. JBT Marel (JBTM) expects to incur certain acquisition and restructuring costs, which are included in income from continuing operations and GAAP guidance and excluded from adjusted EPS and adjusted EBITDA calculations. These exclusions include approximately $11 million in restructuring costs, $18 million in M&A related costs, and $41 million in acquisition related amortization expense. For the second quarter of 2025, the Company anticipates total depreciation and amortization expense to be approximately $61 million. Interest expense is estimated to be approximately $27 million. The Company also expects to generate approximately $3 million in other financing income. The other financing income is related to the hedging strategy for the Term Loan B, which provides access to lower EURIBOR interest rates. The estimated tax rate is 24 – 25 percent. JBT Marel expects that current tariff policies will create direct impacts to its cost of goods sold and is implementing short-term mitigation actions. Additionally, the Company believes that there could be impact to demand from the evolving tariff uncertainty. JBT Marel believes it is well positioned to maintain its global competitiveness as a result of its expansive global manufacturing footprint and holistic solutions offering. Please refer to the supplemental earnings presentation for incremental information.”