JBT Marel Corporation Reports Third Quarter 2026 Results and Announces Increased Share Repurchase Authorization

Brian Deck, Chief Executive Officer of JBT Marel Corporation

“We executed well in a dynamic environment, delivering third quarter adjusted EBITDA and margins above the midpoint of our guidance, notwithstanding lower book-and-ship volume,”

Brian Deck, Chief Executive Officer of JBT Marel Corporation

“Our strong quarterly and year-to-date margins reflect the meaningful benefits from our cost synergy initiatives, including labor productivity, supply chain savings, and footprint optimization. The commitment to our margin improvement program will continue to drive results even amid inflationary and tariff pressures.”

Brian Deck, Chief Executive Officer of JBT Marel Corporation

“We are revising our full-year 2026 revenue outlook to reflect lower, near-term CPG-related volume expectations, and at the same time, are increasing the midpoint of our margin guidance as we continue to drive operational efficiencies and disciplined cost management,”

Matt Meister, Chief Financial Officer of JBT Marel Corporation

“We utilized our strong third quarter cash flow to repurchase approximately 800,000 shares and return $94 million to shareholders,”

Matt Meister, Chief Financial Officer of JBT Marel Corporation

“The increased share purchase program announced today provides greater flexibility to opportunistically repurchase shares when we believe our stock is trading below the long-term value of JBT Marel. We view share repurchases as an important component of our disciplined capital allocation strategy and a compelling use of capital when the valuation warrants.”