JBT Marel Corporation Q2 profit rises to $28 million

Earnings
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Summary · why it matters

JBT Marel Corporation reported a second-quarter profit of $28 million, or $0.54 per share, up from $3 million, or $0.07 per share, a year earlier. Excluding items, adjusted earnings were $102 million, or $1.95 per share. Revenue rose 4.9% to $981 million from $935 million. The company issued full-year GAAP EPS guidance of $4.20 to $4.70 on revenue of $3.990 billion to $4.065 billion, with adjusted diluted EPS expected between $7.85 and $8.35.

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Q2 profit and revenue rose, with raised guidance.

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