JBT Marel Reaffirms FY26 Revenue View of $3.990B-$4.065B
Reaffirms FY26 revenue view $3.990B-$4.065B, consensus $4.02B. The company added, "For the FY26, given the continued demand strength experienced in the Q1, JBT Marel still expects year-over-year consolidated revenue growth of 5%-7%, which is inclusive of approximately 1% foreign exchange translation benefit. From a tariff perspective, while there are several moving components, the Company expects the impact of recent tariff policy changes to be in-line with the previously disclosed full year 2026 estimated net impact of 25 to 50 basis points, which is inclusive of all mitigation efforts. The Company remains on-track to achieve an estimated $60M in realized synergy cost savings for the FY26. For the FY26, JBT Marel expects to incur certain one-time and acquisition related costs from the Marel transaction, which are included in net income margin and GAAP diluted EPS guidance and excluded from adjusted EPS and adjusted EBITDA margin guidance. These include approximately $178M in acquisition related amortization and depreciation, $20M in M&A related costs, and $30M in restructuring costs. FY26 total depreciation and amortization is expected to be approximately $268M. Interest expense is estimated to be approximately $50M, and other financing income related to cross currency swaps on the Term Loan B is expected to be approximately $10M. The full year tax rate is anticipated to be 23%-24%."
