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JBT Marel Corporation (NYSE:JBTM), previously known as John Bean Technologies Corporation, disclosed its consolidated financial statements for Marel hf. for the years ending December 31, 2024, and 2023, today. The financial statements, audited by KPMG Accountants N.V., were provided in accordance with a recent SEC filing. The company, currently valued at $6.89 billion in market capitalization, has maintained strong financial health with a current ratio of 3.48, indicating robust liquidity according to InvestingPro data.
The financials reveal Marel’s performance over the past three years, offering investors a detailed view of the company’s financial health. Marel, an Iceland-based public limited liability company, has been integrated into JBT Marel’s reporting following the corporate rebranding. The company has shown impressive momentum, with a 51.32% return over the past six months and revenue of $1.72 billion in the last twelve months. InvestingPro analysis reveals 12 additional key insights about the company’s performance and prospects.
The documents attached to the SEC filing, including the auditor’s consent and the comprehensive financial statements, provide transparency into Marel’s financial outcomes. These records are essential for stakeholders to understand the company’s fiscal status and prospects.
JBT Marel, headquartered in Chicago, Illinois, operates in the specialized industrial machinery sector. The submission of these financial details aligns with the company’s commitment to regulatory compliance and investor communication.
Investors can now assess the company’s performance, with the data being critical in informing their investment decisions. The financial statements of Marel are incorporated by reference into this report, as noted in the filing.
The SEC filing also confirms the change from John Bean Technologies Corporation to JBT Marel Corporation, reflecting the company’s evolution and its strategic direction.
This report, based on a press release statement, ensures that shareholders and the broader market are informed of JBT Marel’s financial disclosures in a timely and accurate manner. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with elevated multiples including a P/E ratio of 24.45 and EV/EBITDA of 37.95. Investors seeking detailed valuation insights can access the comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, JBTMarel Corp announced its financial results for the fourth quarter of 2024, reporting an earnings per share (EPS) of $1.70, which was below the forecasted $1.82. The company’s revenue also fell short of expectations, coming in at $467.6 million compared to the anticipated $488.93 million. Despite these misses, JBTMarel’s stock saw a significant rise, which may be linked to the company’s optimistic forward guidance and strategic initiatives. A key development for JBTMarel was its merger with Morell, which is expected to enhance its global presence and generate substantial synergies. The combined entity reported $3.5 billion in revenue for the year and aims for robust revenue growth and improved margins in 2025. Analyst firms have not reported any recent upgrades or downgrades for JBTMarel. The company projects a revenue increase of 4.5% to 6.5% for 2025, with plans to achieve cost synergies of $35-40 million. These developments reflect JBTMarel’s strategic direction and market opportunities following the merger.
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