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AI brief of an SEC Form 8-K · JBT Marel (JBTM)

JBT Q3 revenue rose 12% to $454 million; full-year revenue and adjusted EPS guidance reiterated

Positive Impact 4 of 5 earnings Written later

JBT Corporation reported third-quarter 2024 revenue of $454 million, up 12%, with diluted EPS of $1.18, up 22%, and adjusted EPS of $1.50, up 35%. The company reiterated full-year 2024 guidance for revenue, adjusted EBITDA and adjusted EPS, but updated its GAAP guidance to reflect an expected $28 million to $32 million non-cash, pre-tax pension charge in the fourth quarter.

Key points

  • Q3 2024 revenue of $454 million rose 12%; income from continuing operations of $38 million rose 23%
  • Diluted EPS of $1.18 rose 22%; adjusted EPS of $1.50 rose 35%; adjusted EBITDA of $82 million rose 23%
  • Pension settlement expected to bring a $28 million to $32 million non-cash, pre-tax charge in Q4 2024; FY2024 GAAP EPS guidance is $3.60 to $3.90
  • Marel acquisition expected to close on or about the end of 2024; secured a $1.8 billion revolving credit facility and a $900 million Term Loan B in October 2024

The filing

CompanyJBT Marel (JBTM)
Form8-K, current report
Filed with the SECOct 22, 2024, 4:52 PM ET
Accession number0001433660-24-000043

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.