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On May 15, 2025, JBT Marel Corporation, a $6.1 billion market cap company specializing in special industry machinery, held its Annual Meeting of Stockholders. While the company posted $2.18 billion in revenue last year, InvestingPro data shows it’s currently trading at elevated EBIT and EBITDA multiples. During the meeting, stockholders voted on several key proposals, the details of which were previously outlined in the Company’s definitive proxy statement filed on April 1, 2025.
The first proposal involved the re-election of three directors to the company’s board. Alan D. Feldman, Lawrence V. Jackson, and Ann E. Savage were re-elected for a one-year term with the majority of votes cast in favor. Votes against and abstentions were notably fewer, and a significant number of broker non-votes were recorded for each director.
In the second proposal, stockholders approved, on an advisory basis, the compensation of the company’s named executive officers. The vote showed strong support for the compensation package, with over 37 million votes in favor, approximately 1 million against, and a little over 100,000 abstentions, alongside the broker non-votes.
The third proposal saw the ratification of PricewaterhouseCoopers LLP as JBT Marel Corporation’s independent registered public accounting firm for the fiscal year 2025. This proposal received overwhelming support, with more than 39 million votes for, 26,240 against, and 49,256 abstentions.
The results of the Annual Meeting reflect shareholder confidence in the current board’s direction and executive compensation structure. The appointment of PricewaterhouseCoopers LLP also demonstrates trust in the firm’s ability to accurately audit and represent the company’s financial position. According to InvestingPro analysis, while the company isn’t currently profitable, analysts expect a return to profitability this year, with three analysts recently revising their earnings estimates upward.
The company, formerly known as John Bean Technologies Corp (NYSE:JBTM), is incorporated in Delaware and headquartered in Chicago, Illinois. JBT Marel Corp is listed on the New York Stock Exchange under the trading symbol JBTM.
This report is based on the company’s recent SEC filing and provides shareholders and the public with a summary of the key decisions made at the Annual Meeting.
In other recent news, JBTMarel Corp reported impressive first-quarter 2025 earnings, with earnings per share (EPS) of $0.97, surpassing the forecasted $0.86. The company also exceeded revenue expectations, posting $854.1 million against a predicted $743.62 million. Despite these positive financial results, JBTMarel’s stock price experienced a decline, reflecting investor concerns over tariff uncertainties and restructuring costs. The company has decided to suspend its full-year 2025 guidance due to these uncertainties, estimating an annual impact of $50-60 million from tariffs. In terms of analyst activity, there was no mention of any upgrades or downgrades. The company is undergoing restructuring efforts, which are expected to yield future savings. Additionally, JBTMarel projects second-quarter revenue between $885 million and $915 million, with an adjusted EBITDA margin of 14.5% to 15.25%. The company remains optimistic about its strategic direction, emphasizing its strong liquidity position and ongoing integration progress.
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