JBT Marel Corporation reported its first quarter 2025 financial results, marking the initial performance snapshot of the combined entity post-Marel acquisition. Total revenue surged to $854.1 million, an increase of 117.7% compared to $392.3 million in Q1 2024, driven by Marel's $445.3 million contribution and $23.0 million organic growth from legacy JBT.
Despite the significant revenue growth, the company reported a loss from continuing operations of $173.0 million, compared to income of $22.7 million in Q1 2024. This loss included a $146.8 million pension expense related to the termination of the U.S. qualified defined benefit pension plan and increased interest expense of $42.4 million due to higher debt levels.
Adjusted EBITDA for Q1 2025 was $112.2 million, up from $57.4 million in Q1 2024, though the Adjusted EBITDA margin decreased by 150 basis points to 13.1%. The company also announced the suspension of its full-year 2025 guidance, citing increased uncertainty from U.S. tariff policy and its potential impact on global demand.
For the second quarter of 2025, JBT Marel provided specific guidance, expecting revenue between $885 million and $915 million, an Adjusted EBITDA margin of 14.5% to 15.25%, and Adjusted EPS of $1.20 to $1.40. The company aims to achieve $35 million to $40 million in cost synergies in 2025, with an annualized run rate of $80 million to $90 million by year-end.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.