JBT Marel Raises Buyback Authorization to $700M
JBT Marel reported Q3 revenue of $994 million, down 1% year over year, and adjusted EPS of $2.19 versus $1.94. It increased its share repurchase authorization by $500 million to $700 million and expects approximately 5% revenue growth at the 2026 midpoint.
Q3 revenue was $994M, down 1% year over year; adjusted EPS was $2.19 versus $1.94. JBT Marel increased its share repurchase authorization by $500M to $700M and expects 2026 revenue growth of approximately 5% at the midpoint.Material DetailsContext by AI AnalystThis is a quarterly update amid softer…