Research Reports

Summary

JBT Marel Corporation announced on February 18, 2026, that its previously disclosed plan to realign reportable segments into Protein Solutions and Prepared Food and Beverage Solutions went into effect for the fourth quarter of 2025 following the January 2, 2025 acquisition of Marel hf. Exhibit 99.1 provides recast historical segment results for quarters ended March 31, June 30, September 30, 2025 and years ended December 31, 2024 and 2023, with no impact on consolidated net revenue, net earnings, net earnings per share or total assets.

Key takeaways

Segment realignment effective Q4 2025: Protein Solutions and Prepared Food and Beverage Solutions.
Prior segments: JBT and Marel prior to realignment post January 2, 2025 Marel hf. acquisition.
Q1 2025 recast: Protein Solutions revenue $377.7M, Adjusted EBITDA $62.5M; Prepared Food and Beverage Solutions revenue $476.4M, Adjusted EBITDA $78.1M; Total segment Adjusted EBITDA $140.6M.
Q2 2025 recast: Protein Solutions revenue $421.5M, Adjusted EBITDA $86.2M; Prepared Food and Beverage Solutions revenue $513.3M, Adjusted EBITDA $93.5M; Total segment Adjusted EBITDA $179.7M.
Q3 2025 recast: Protein Solutions revenue $440.8M, Adjusted EBITDA $94.0M; Prepared Food and Beverage Solutions revenue $560.5M, Adjusted EBITDA $102.4M; Total segment Adjusted EBITDA $196.4M.
FY 2024 recast: Protein Solutions revenue $168.7M, Adjusted EBITDA $57.5M; Prepared Food and Beverage Solutions revenue $1,547.3M, Adjusted EBITDA $301.2M; Total segment Adjusted EBITDA $358.7M.