JBT MAREL Corp (JBTM) Q3 2022 Earnings Call

Concluded Oct 26, 2022

Oct 26, 2022 0 turns

Revenue $398.80M -16.5% YoY

Diluted EPS $1.13 +24.2% YoY

Gross margin · derived Q4 34.3%

Net income $36.30M +23.9% YoY

Executive readout · one minute

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Forward guidance

12 guided metrics

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8-K earnings release Filed Oct 26, 2022 10-Q report Filed Oct 28, 2022

From the 8-K filed Oct 26, 2022.

Metric	Period	Guided	Basis	Actual
FoodTech year over year revenue growth Lowered Full Year 2022	Full Year 2022	13.25% – 13.75%	—	—
FoodTech operating profit margin Full Year 2022	Full Year 2022	13% – 13.3%	GAAP	—
FoodTech adjusted EBITDA margin Lowered Full Year 2022	Full Year 2022	18% – 18.3%	Non-GAAP	—
AeroTech year over year revenue growth Raised Full Year 2022	Full Year 2022	23% – 24%	—	—
AeroTech operating profit margin Full Year 2022	Full Year 2022	7.75% – 8.25%	GAAP	—
Consolidated Revenue Growth (Year over Year) table Full Year 2022	Full Year 2022	15.75% – 16.25%	—	—
AeroTech adjusted EBITDA margin Lowered Full Year 2022	Full Year 2022	8.5% – 9%	Non-GAAP	—
Corporate Expense (% of Sales) table Full Year 2022	Full Year 2022	2.9%	—	—
Interest Expense table Full Year 2022	Full Year 2022	$15M	—	—
Tax Rate (Excluding Discrete Items) table Full Year 2022	Full Year 2022	21% – 22%	—	—
GAAP EPS table Lowered Full Year 2022	Full Year 2022	$4.05 – $4.20	GAAP	$4.28 above
Adjusted EPS table Lowered Full Year 2022	Full Year 2022	$4.65 – $4.80	Non-GAAP	—

How the reported period landed and where the business moved.

Diluted EPS Within

Non Recurring$213.00M

Recurring$185.80M