JBT Marel Reports Q3 2026 Results: Record EBITDA Margins Amidst CPG Market Softness
JBT Marel (JBTM) reported third-quarter revenue of $994 million, a slight 1% decline year-over-year caused by reduced book-and-ship volumes in the consumer packaged goods (CPG) sector. Despite this top-line pressure, the company achieved record Adjusted EBITDA margins of 18.0%, driven by effective cost management, pricing, and synergy realization from recent restructuring efforts. The Protein Solutions segment showed strength with a 6% revenue increase fueled by poultry volumes, while Prepared Food and Beverage Solutions saw a 6% decline due to softness in the Diversified Food and Health business. The company remains focused on footprint rationalization, having closed five facilities this quarter, and continues aggressive capital return through share repurchases.
Topics: Adjusted EBITDA EPS Free Cash Flow Revenue Share Repurchases