JBT Marel (NYSE:JBT) 2026 Investor Day March 26, 2026 10:00 AM ET Speaker7Good morning, everyone. Thank you for being here, and thank you for giving me the opportunity to share my enthusiasm about protein processing and then especially about poultry processing. I'm Roger Claessens. I'm leading the poultry division within JBT Marel, and I've been within the company for 25 years. I started 25 years ago as a field service engineer, and ever since I've been fascinated about the challenges within the poultry pro ...

2026 Investor Day March 26, 2026 Non-GAAP and Forward - Looking Statements Non - GAAP Measures and Reconciliations to GAAP Measures Adjusted EBITDA, Adjusted EBITDA margin, Adjusted income from continuing operations, Adjusted diluted earnings per share from co ntinuing operations ("Adjusted EPS"), and free cash flow are non - GAAP financial measures. JBT Marel provides non - GAAP financial measures in order to increase transparency in our operating r esults and trends. These non - GAAP measures eliminate ce ...

JBT Marel Corporation to Host 2026 Investor Day Today Mar 26, 2026 6:45 AM Eastern Daylight Time JBT Marel Corporation to Host 2026 Investor Day Today Share CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segments of the food & beverage industry, will host an Investor Day in New York City today, Thursday, March 26, 2026, beginning at 9:00 AM ET / 1:00 PM GMT. The event is expected to conclude at approximately 12:15 ...

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, particularly in the financial sector, to achieve exceptional returns, although identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Company Overview - JBT Marel (JBTM) is highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] - The company operates in the food processing and transportation services sector, which is currently positioned for growth [3] Group 2: Earnings Growth - JBT's historical EPS growth rate stands at 9.2%, but the projected EPS growth for the current year is significantly higher at 27.8%, surpassing the industry average of 16% [4] Group 3: Cash Flow Growth - JBT exhibits a year-over-year cash flow growth of 136.2%, which is substantially higher than the industry average of -6.2%, indicating strong financial health and expansion capability [5] - The company's annualized cash flow growth rate over the past 3-5 years is 24.8%, compared to the industry average of 12.7%, further emphasizing its growth potential [6] Group 4: Earnings Estimate Revisions - The current-year earnings estimates for JBT have been revised upward, with the Zacks Consensus Estimate increasing by 10.1% over the past month, indicating positive market sentiment [8] Group 5: Investment Potential - JBT has achieved a Growth Score of A and a Zacks Rank of 2, reflecting its strong growth metrics and positive earnings estimate revisions, positioning it as a solid choice for growth investors [10]

Core Viewpoint - JBT Marel (JBTM) has experienced a significant downtrend, with a 15.1% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold conditions, with a reading below 30 typically indicating that a stock is oversold [2]. - JBTM's current RSI reading is 25.85, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound as the stock seeks to return to its previous equilibrium [5]. Group 2: Fundamental Analysis - Analysts covering JBTM have shown strong consensus in raising earnings estimates, with a 10.1% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - JBTM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [8].

Core Viewpoint - The article emphasizes the importance of identifying growth stocks with strong financial growth potential, highlighting JBT Marel (JBTM) as a recommended stock due to its favorable growth metrics and Zacks Rank [2][11]. Group 1: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive as it indicates strong future prospects [4]. - JBT's historical EPS growth rate is 9.2%, but projected EPS growth for this year is expected to be 27.8%, significantly surpassing the industry average of 20.1% [5]. Group 2: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, allowing them to expand without relying on external funding [6]. - JBT's year-over-year cash flow growth is 136.2%, which is notably higher than the industry average of -8.9% [6]. - The company's annualized cash flow growth rate over the past 3-5 years is 24.8%, compared to the industry average of 13.8% [7]. Group 3: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with stock price movements, making them a valuable metric for investors [8]. - Current-year earnings estimates for JBT have been revised upward, with the Zacks Consensus Estimate increasing by 10.1% over the past month [9]. Group 4: Overall Positioning - JBT has achieved a Growth Score of B and holds a Zacks Rank 1 due to positive earnings estimate revisions, positioning it well for potential outperformance in the market [11].

Economic Risks and Market Conditions - The company faces risks from fluctuations in financial results, including the termination of major customer contracts and inflation-related pressures[1]. - Economic conditions have deteriorated, impacting supply chain delays and the availability of materials, which could adversely affect operations[1]. - Increased energy and raw material prices are negatively impacting customer profitability, which may reduce future expenditures on food processing equipment[118]. - The company is exposed to risks from tariffs and trade sanctions, which could increase costs and reduce the ability to sell products globally[137]. - The company is facing potential adverse effects from economic downturns, inflationary markets, and geopolitical instability, which could impact financial results[138]. - Further tariffs imposed by the U.S. and retaliatory measures from other countries may increase supply chain costs, potentially leading to higher product prices and reduced demand[140]. Sales and Revenue Challenges - The company has noted that variability in sales cycles complicates revenue estimation, leading to significant fluctuations in quarterly results[114]. - Changes in food consumption patterns and regulatory developments may reduce demand for the company's products, impacting financial performance[121]. - The company faces competition from numerous multinational and regional processing equipment providers, which could affect market share and pricing strategies[133]. - The company is at risk of operational delays due to potential work stoppages or strikes, which could adversely impact production and financial results[132]. Strategic Investments and Growth - The company has made substantial investments in emerging markets, but failure to achieve expected growth could negatively impact financial results[156]. - The Marel Transaction, completed on January 2, 2025, may not yield anticipated benefits and synergies, potentially affecting financial performance[154]. - The company is investing in digital solutions, but uncertainty in market acceptance and potential resource diversion may adversely affect operations[158]. - Future growth is contingent on the company's ability to adopt generative artificial intelligence and machine learning technologies, requiring substantial investments to remain competitive[160]. Operational and Compliance Risks - The company is subject to various legal and compliance risks, which may result in significant legal expenses and impact financial performance[141]. - Climate change regulations and societal expectations regarding sustainability may increase operational costs and affect demand for products[143]. - Compliance with evolving tax laws and regulations may impact the company's effective tax rate and financial results[150]. - The company faces significant competition from large multinational firms with greater financial resources, impacting its ability to invest in research and development[159]. Product Development and Quality Issues - Significant investments in research and development are necessary to maintain competitive advantage, but unsuccessful projects could adversely affect financial condition[157]. - High-capacity products may encounter reliability and quality issues, potentially affecting customer satisfaction and revenue[161]. - Newly developed products may experience post-launch issues, leading to project delays and additional costs, which could defer or result in lost revenue[162]. - Transitioning from older products to new or enhanced products may incur additional costs and delay customer purchases[163]. Financial Health and Governance - The company's indebtedness increased significantly after the Marel Transaction, which could limit operational flexibility and cash flow[176]. - Goodwill and intangible assets represent approximately 68% of total assets as of December 31, 2025, and may be subject to impairment charges affecting net income[181]. - Provisions in corporate governance documents may impede takeover attempts, potentially affecting stockholder interests and market price[182]. Cybersecurity and Intellectual Property - Cybersecurity risks pose a threat to sensitive information, with potential operational disruptions and financial losses due to breaches[166]. - The company must protect its intellectual property to avoid negative impacts on its financial condition and operations, which can be costly and time-consuming[164].

Core Insights - JBT Marel has unveiled a newly renovated Customer Innovation Center (CIC) in Lakeland, Florida, which serves as a premier destination for sustainable food technology [1] Company Developments - The renovated CIC focuses on various sectors including the production of fresh fruits and vegetables, ready meals, beverages, and dairy [1] - JBT Marel operates numerous CIC facilities globally, allowing customers to collaborate closely with experts in the field [1]

Core Viewpoint - JBT Marel (JBTM) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based solely on changes in a company's earnings picture, which is a powerful driver of near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value for a stock, prompting institutional investors to buy or sell, which in turn affects stock prices [4]. JBT's Earnings Outlook - The recent upgrade for JBT reflects an improvement in the company's underlying business, suggesting that investor sentiment may lead to an increase in stock price [5]. - JBT is expected to earn $7.47 per share for the fiscal year ending December 2026, with no year-over-year change, but the Zacks Consensus Estimate has increased by 10.4% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - The upgrade of JBT to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Financial Data and Key Metrics Changes - The company achieved full-year consolidated revenue of $3.8 billion, exceeding the high end of guidance, driven by strong demand and successful backlog conversion [8] - Adjusted earnings per share for 2025 was $6.41, representing first-year earnings accretion compared to legacy JBT's 2024 adjusted earnings of $6.15 [11] - Consolidated adjusted EBITDA was $600 million, with a margin of 15.8%, aligning with guidance [9] - The leverage ratio improved to less than 2.9 times by year-end 2025, down from just below 4 times at the transaction completion [11] Business Line Data and Key Metrics Changes - Revenue for the Protein Solutions segment was $1.7 billion, while the Prepared Food and Beverage Solutions segment generated $2.1 billion [9] - Adjusted EBITDA margin for Protein Solutions was 20.1%, and for Prepared Food and Beverage Solutions, it was 17.2% [9] - The company captured $30 million in order synergies for the full year, with more than half realized in the fourth quarter [7] Market Data and Key Metrics Changes - Full-year orders reached $3.8 billion, with over $1 billion in the fourth quarter, primarily driven by strong demand in the poultry market [5] - The poultry sector showed significant recovery after two years of underinvestment, contributing to overall order strength [5] - Gains were observed across all regions in 2025, with poultry being a leading food category due to its affordability and health benefits [5] Company Strategy and Development Direction - The company plans to invest in strengthening its offerings and providing integrated solutions across key product lines [7] - Future growth is expected to be supported by continued investment momentum in the poultry industry and renewed investment in prepared foods [17] - The company aims to achieve $150 million in run rate synergy savings by the end of 2027 [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued investment momentum in the poultry equipment demand into 2026 [17] - The impact of higher tariffs was acknowledged, with an estimated cost of approximately $43 million for the year, affecting adjusted EBITDA margins [10] - The company anticipates healthy year-over-year growth in revenue, margins, and earnings for 2026, with guidance for adjusted earnings per share of $8.00-$8.50 [14] Other Important Information - The company has begun assessing the potential impact of recent Supreme Court news on tariffs for 2026 [13] - The upcoming Investor Day is scheduled for March 26, where further details on strategic growth priorities will be provided [17] Q&A Session Summary Question: Order dynamics in the fourth quarter - Management noted that poultry remains the leader across all categories, with expectations for a recovery in AGV as they move into 2026 [22] Question: Synergies between R&D and SG&A - Synergy savings were predominantly in SG&A, with no specific guidance provided for R&D and SG&A for 2026 [24] Question: Top-line growth differentiation for 2026 - Revenue growth for Protein Solutions is expected to be at the higher end of the 5%-7% range, while Prepared Food and Beverage is anticipated at the lower end [36] Question: Tariff impacts and pricing strategies - Management indicated that they have included some mitigation on pricing in their forecast, expecting a net negative impact of 25 to 50 basis points for the full year [41] Question: Sales synergies for 2025 and guidance for 2026 - The company is ahead of pace on original synergy targets, with $30 million captured in 2025 and expectations to provide updated guidance at the Investor Day [60]