JBT Marel (JBTM) FY2022 results: revenue $1.6 billion, up 13.5% on the year
JBT Marel Corp. (JBTM) reported revenue of $1.6 billion for fiscal 2022, the year ended 31 December 2022, up 13.5% on the year before. Net income was $137 million, up 15.4%, and diluted earnings per share $4.28. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$1.6 billion
+13.5% on the year
FY2015FY2022
Operating margin
8.3%
9.0% a year earlier
FY2015FY2022
Net income
$137 million
+15.4% on the year
FY2015FY2022
Diluted EPS
$4.28
+15.4% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
142
226
252
-37.0%
Capital expenditure
84.6
51.7
34.3
+63.6%
Free cash flow
57.7
174
218
-66.8%
Free cash flow margin
3.6%
12.4%
12.6%
Cash from investing
-416
-273
-37.3
Cash from financing
271
80.8
-207
+234.9%
Depreciation and amortisation
81.1
76.8
71.8
+5.6%
Share-based compensation
8.9
5.5
1.9
+61.8%
Buybacks
7.7
0.0
0.0
Dividends paid
13.1
12.8
12.8
+2.3%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
32m
32m
32m
0.0%
Shares outstanding at period end
32m
32m
32m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
905
786
672
+15.1%
Short-term borrowings
0.6
0.0
n/a
Debt
977
674
522
+44.9%
Operating lease liabilities
29.1
23.0
19.7
+26.5%
Finance lease liabilities
0.9
0.0
n/a
Other liabilities
728
701
591
+3.8%
Total liabilities and equity
2,641
2,185
1,806
+20.9%
Fixed assets
245
240
268
+2.1%
Goodwill
770
647
506
+19.1%
Intangible assets
430
325
299
+32.4%
Investments
0.0
n/a
n/a
Cash and equivalents
71.7
76.9
47.5
-6.8%
Receivables
200
165
236
+21.4%
Inventory
264
184
197
+43.6%
Other assets
659
547
252
+20.4%
Total assets
2,641
2,185
1,806
+20.9%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.