DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE: TRN) (“Trinity”) announced today that it will report its financial results for the three months ended March 31, 2026 before the financial markets open on April 30, 2026.
Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on April 30, 2026 to discuss its results. Investors may listen to the conference call via the following live and replay methods:
Webcast:
To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company’s website at www.trin.net and access the Events and Presentations webpage.
A replay of the webcast will be available on the Company’s website for one year from the conference call date.
Teleconference:
The dial-in number for the live Conference Call is 1-888-317-6003; the participant entry number is: 2392682. Please call at least 10 minutes in advance to ensure proper connection.
An audio replay may be accessed by dialing 1-877-344-7529 - Replay Access Code: 9259553 until 11:59 p.m. Eastern on May 7, 2026.
Company Description
Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name TrinityRail®. Our platform also includes the brands of RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components. Our platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. Trinity reports its financial results in two reportable business segments: (1) Railcar Leasing and Services Group, formerly the Railcar Leasing and Management Services Group, and (2) Rail Products Group. For more information, visit www.trin.net.
Raises full year EPS guidance to a range of $2.20 to $2.40, up 16% at the midpoint from previous range of $1.85 to $2.10
Reports quarterly earnings from continuing operations of $0.32 per diluted share
Generates operating cash flow of $100 million and net gains on lease portfolio sales of $22 million
Lease fleet utilization of 97.3% at quarter-end
Delivered 1,970 railcars in the quarter; backlog of $1.6 billion at quarter-end
DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the first quarter ended March 31, 2026.
Financial and Operational Highlights – First Quarter
Quarterly total company revenues of $492 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.32; $0.03 improvement in EPS year over year Lease fleet utilization of 97.3% and FLRD of positive 1.2% at quarter-end Railcar deliveries of 1,970 and new railcar orders of 1,660 Cash flow from continuing operations of $100 million and net gains on lease portfolio sales of $22 million Last twelve months ("LTM") Return on Equity ("ROE") of 23.1% and Adjusted ROE of 24.6% 2026 Guidance
Industry deliveries of approximately 25,000 railcars Net fleet investment of $350 million to $450 million Operating and administrative capital expenditures of $55 million to $65 million EPS of $2.20 to $2.40 (1) Management Commentary
"We're pleased to raise our full-year EPS guidance to a range of $2.20 to $2.40, representing a 16% increase at the midpoint," said Trinity's Chief Executive Officer and President, Jean Savage. "This increase reflects higher gains on railcar sales driven by an active secondary market, alongside strong and consistent execution across our business."
"In our Railcar Leasing and Services segment, we're seeing continued momentum, with lease rates moving higher and fleet utilization improving to 97.3%. On April 9th, we closed the restructuring of our remaining railcar investment partnership with Napier Park, and we expect to record a non-cash gain of approximately $130 million in the second quarter."
"In the Rail Products Group, we delivered 1,970 railcars at a 7.4% operating margin, underscoring the benefits of several years of right-sizing, automation, and breakeven reduction in the business." Ms. Savage continued, "Customer inquiries have been trending upward, and we're well-positioned to meet demand when the market turns."
Ms. Savage concluded, "We did what we said we'd do in the first quarter, and we are raising our expectations for the full year based on what we see ahead. We remain focused on disciplined execution for our customers and shareholders."
(1) Excludes items outside our core business operations
Consolidated Financial Summary
Three Months Ended
March 31,
2026
2025
Year over Year – Comparison
($ in millions, except per share amounts)
Revenues
$
492.0
$
585.4
Lower external deliveries in the Rail Products Group
Operating profit
$
101.1
$
99.8
Higher gains on lease portfolio sales and higher lease rates, partially offset by higher operating costs for the lease fleet. Additionally, Q1-25 included the results of a partially-owned leasing subsidiary that was divested in Q4-25.
Interest expense, net
$
65.4
$
66.1
Net income from continuing operations attributable to Trinity Industries, Inc.
$
26.0
$
24.0
EBITDA (1)
$
175.9
$
179.5
Effective tax expense rate
24.2
%
20.3
%
Diluted EPS – GAAP
$
0.32
$
0.29
Net cash provided by operating activities – continuing operations
$
99.6
$
78.4
Lower receivables balances as a result of lower deliveries in the current year period and changes in inventory balances to support planned production levels
Cash flow from operations with net gains on lease portfolio sales (1)
$
121.6
$
84.3
Net fleet investment
$
67.7
$
86.5
Returns of capital to stockholders
$
32.2
$
32.8
(1) Non-GAAP financial measure. See the Reconciliations of Non-GAAP Measures section within this Press Release for a reconciliation to the most directly comparable GAAP measure and why management believes this measure is useful to management and investors.
Additional Business Items
Total committed liquidity of $1.1 billion as of March 31, 2026. On April 17, 2026, Trinity Rail Leasing 2025 LLC ("TRL-2025"), a limited purpose, indirect wholly-owned subsidiary of the Company owned through Trinity Industries Leasing Company ("TILC"), issued an aggregate principal amount of $481 million of its Series 2026-1 Green Secured Railcar Equipment Notes (the "Series 2026-1 Notes). The Series 2026-1 Notes bear interest at an all-in interest rate of 5.36%, are payable monthly, and have a stated final maturity date of April 2056. Net proceeds received in connection with the issuance of the Series 2026-1 Notes were used to redeem the outstanding debt of Trinity Rail Leasing 2019 LLC Series 2019-1 Secured Railcar Equipment Notes (the "Series 2019-1 Notes") and for general corporate purposes. The all-in interest rate for the Series 2019-1 Notes was 3.82% per annum. The Trinity Rail Leasing 2019 LLC Series 2019-2 Secured Railcar Equipment Notes remain outstanding. On April 9, 2026, TILC entered into a Contribution Agreement (the “Contribution Agreement”) with, among others, Napier Park Rail Evergreen Fund LLC, a subsidiary of Napier Park Global Capital, a leading alternative credit platform. Pursuant to the Contribution Agreement, TILC contributed (i) a 42.56% membership interest in TRIP Rail Holdings LLC ("TRIP Holdings") and (ii) a 0.2% interest in Triumph Rail Holdings LLC ("Triumph") to NP SPE Holdings LP ("NP SPE") in exchange for a 11.2% limited partnership interest in NP SPE. TILC services all railcars in NP SPE. As a result, TILC no longer has any direct ownership interest in TRIP Holdings or Triumph. Trinity expects to recognize a non-cash pre-tax gain of approximately $130 million during the second quarter of 2026 from the sale of its equity stake in TRIP Holdings and Triumph. Approximately 6,135 railcars will be transferred from partially-owned to investor-owned related to the divestiture of TRIP Holdings in the second quarter of 2026. Business Group Summary
Three Months Ended
March 31,
2026
2025
Year over Year – Comparison
($ in millions)
Railcar Leasing and Services Group
Revenues
$
285.8
$
287.4
Reduced revenues resulting from the Q4-25 divestiture of a partially-owned leasing subsidiary, partially offset by higher lease rates and higher pricing on external repairs
Operating profit
$
108.2
$
104.5
Higher gains on lease portfolio sales and higher lease rates, partially offset by higher maintenance and compliance costs for the lease fleet and increased depreciation. Q1-25 included the results of a partially-owned leasing subsidiary that was divested in Q4-25.
Operating profit margin
37.9
%
36.4
%
Gains on lease portfolio sales
$
22.0
$
5.9
Fleet utilization (1)
97.3
%
96.8
%
FLRD (2)
+1.2 %
+17.9 %
Wholly-owned lease fleet (in units)
95,825
86,885
Reflects railcars transferred from partially-owned to wholly-owned and investor-owned as a result of a railcar partnership transaction completed in Q4-25
Partially-owned lease fleet (in units)
6,135
23,265
Investor-owned lease fleet (in units)
44,710
34,215
Rail Products Group
Revenues
$
300.0
$
420.5
Lower deliveries
Operating profit
$
22.1
$
25.9
Lower deliveries, partially offset by a higher mix of high-margin railcars
Operating profit margin
7.4
%
6.2
%
New railcars:
Deliveries (in units)
1,970
3,060
Orders (in units)
1,660
695
Order value
$
211.1
$
109.3
Backlog value
$
1,610.1
$
1,886.6
Sustainable railcar conversions:
Backlog (in units)
440
25
Backlog value
$
37.7
$
3.1
Eliminations
Eliminations – revenues
$
(93.8
)
$
(122.5
)
Eliminations – operating profit
$
(3.5
)
$
(6.2
)
Corporate and other
Selling, engineering, and administrative expenses
$
25.7
$
24.4
March 31, 2026
December 31, 2025
Loan-to-value ratio
Wholly-owned subsidiaries
69.1
%
70.2
%
(1) Includes wholly-owned railcars, partially-owned railcars, and railcars under leased-in arrangements.
(2) FLRD calculates the implied change in lease rates for railcar leases expiring over the next four quarters. The FLRD assumes that these expiring leases will be renewed at the most recent quarterly transacted lease rates for each railcar type. We believe the FLRD is useful to both management and investors as it provides insight into the near-term trend in lease rates.
Conference Call
Trinity will hold a conference call at 8:00 a.m. Eastern on April 30, 2026 to discuss its first quarter results. To listen to the call, please visit the Investor Relations section of the Company's website at www.trin.net and access the Events & Presentations webpage, or the live call can be accessed at 1-888-317-6003 with the conference passcode "2392682". Please call at least 10 minutes in advance to ensure a proper connection. An audio replay may be accessed through the Company’s website or by dialing 1-877-344-7529 with passcode "9259553" until 11:59 p.m. Eastern on May 7, 2026.
Additionally, the Company will provide a quarterly investor presentation that will be accessible both within the webcast and on Trinity's Investor Relations website under the Events and Presentations portion of the site along with the First Quarter Earnings Call event weblink.
Non-GAAP Financial Measures
We have included financial measures compiled in accordance with generally accepted accounting principles ("GAAP") and certain non-GAAP measures in this earnings press release to provide management and investors with additional information regarding our financial results. Non-GAAP measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to other similarly titled measures for other companies. For each non-GAAP financial measure, a reconciliation to the most comparable GAAP measure has been included in the accompanying tables. When forward-looking non-GAAP measures are provided, quantitative reconciliations to the most directly comparable GAAP measures are not provided because management cannot, without unreasonable effort, predict the timing and amounts of certain items included in the computations of each of these measures. These factors include, but are not limited to: the product mix of expected railcar deliveries; the timing and amount of significant transactions and investments, such as lease portfolio sales, capital expenditures, and returns of capital to stockholders; and the amount and timing of certain other items outside the normal course of our core business operations.
About Trinity Industries
Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name TrinityRail®. Our platform also includes the brands of RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components. Our platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. Trinity reports its financial results in two reportable business segments: (1) Railcar Leasing and Services Group and (2) Rail Products Group. For more information, visit: www.trin.net.
Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity's estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements, including, but not limited to, future financial and operating performance, future opportunities and any other statements regarding events or developments that Trinity believes or anticipates will or may occur in the future, including the impacts of a potential shutdown, or partial shutdown, of the U.S. government. Trinity uses the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance,” “projected,” “outlook,” and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Trinity expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Trinity’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by federal securities laws. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to risks and uncertainties regarding geopolitical events and conflicts, as well as economic, competitive, governmental, and technological factors affecting Trinity’s operations, markets, products, services and prices, and such forward-looking statements are not guarantees of future performance. In particular, estimates of the non-cash gain resulting from the Contribution Agreement may not be materially accurate when compared to the actual non-cash gain. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and “Forward-Looking Statements” in Trinity’s Annual Report on Form 10-K for the most recent fiscal year, as may be revised and updated by Trinity’s Quarterly Reports on Form 10-Q, and Trinity’s Current Reports on Form 8-K.
- TABLES TO FOLLOW -
Trinity Industries, Inc.
Condensed Consolidated Statements of Operations
(in millions, except per share amounts)
(unaudited)
Three Months Ended
March 31,
2026
2025
Revenues
$
492.0
$
585.4
Operating costs:
Cost of revenues
363.1
443.2
Selling, engineering, and administrative expenses
50.7
50.0
Gains on dispositions of property:
Lease portfolio sales
22.0
5.9
Other
0.9
1.7
390.9
485.6
Operating profit
101.1
99.8
Interest expense, net
65.4
66.1
Other, net
0.6
(2.7
)
Income from continuing operations before income taxes
35.1
36.4
Provision for income taxes
8.5
7.4
Income from continuing operations
26.6
29.0
Loss from discontinued operations, net of income taxes
(1.8
)
(1.9
)
Net income
24.8
27.1
Net income attributable to noncontrolling interest
0.6
5.0
Net income attributable to Trinity Industries, Inc.
$
24.2
$
22.1
Basic earnings per common share:
Income from continuing operations
$
0.33
$
0.29
Loss from discontinued operations
(0.02
)
(0.02
)
Net income attributable to Trinity Industries, Inc.
$
0.30
$
0.27
Diluted earnings per common share:
Income from continuing operations
$
0.32
$
0.29
Loss from discontinued operations
(0.02
)
(0.02
)
Net income attributable to Trinity Industries, Inc.
$
0.30
$
0.26
Weighted average number of shares outstanding:
Basic
79.7
81.6
Diluted
81.9
83.8
Note: Earnings per common share is calculated independently for each component and may not sum to total net income attributable to Trinity Industries, Inc. per common share due to rounding.
Trinity has certain unvested restricted stock awards that participate in dividends on a nonforfeitable basis and are therefore considered to be participating securities. Consequently, diluted net income attributable to Trinity Industries, Inc. per common share is calculated under both the two-class method and the treasury stock method, and the more dilutive of the two calculations is presented.
Trinity Industries, Inc.
Condensed Consolidated Balance Sheets
(in millions)
(unaudited)
March 31, 2026
December 31, 2025
ASSETS
Cash and cash equivalents
$
132.6
$
201.3
Receivables, net of allowance
326.1
389.1
Income tax receivable
28.2
27.5
Inventories
483.2
469.1
Restricted cash
120.0
122.3
Property, plant, and equipment, net:
Railcars in our lease fleet:
Wholly-owned subsidiaries
6,534.7
6,512.4
Partially-owned subsidiary
370.2
372.2
Deferred profit on railcar products sold
(623.2
)
(628.6
)
Operating and administrative assets
361.3
365.3
6,643.0
6,621.3
Goodwill
221.5
221.5
Other assets
376.1
372.3
Total assets
$
8,330.7
$
8,424.4
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable
$
272.9
$
269.6
Accrued liabilities
247.2
301.2
Debt:
Recourse
598.6
598.5
Non-recourse:
Wholly-owned subsidiaries
4,516.7
4,573.4
Partially-owned subsidiary
267.0
270.6
5,382.3
5,442.5
Deferred income taxes
1,148.0
1,129.0
Other liabilities
134.6
136.8
Stockholders' equity:
Trinity Industries, Inc.
1,078.8
1,077.2
Noncontrolling interest
66.9
68.1
1,145.7
1,145.3
Total liabilities and stockholders' equity
$
8,330.7
$
8,424.4
Trinity Industries, Inc.
Condensed Consolidated Statements of Cash Flows
(in millions)
(unaudited)
Three Months Ended
March 31,
2026
2025
Operating activities:
Net cash provided by operating activities – continuing operations
$
99.6
$
78.4
Net cash used in operating activities – discontinued operations
(1.8
)
(1.9
)
Net cash provided by operating activities
97.8
76.5
Investing activities:
Capital expenditures – lease fleet
(151.0
)
(120.2
)
Proceeds from lease portfolio sales
83.3
33.7
Capital expenditures – operating and administrative
(6.3
)
(9.2
)
Other investing activities
3.8
4.1
Net cash used in investing activities
(70.2
)
(91.6
)
Financing activities:
Net proceeds from (repayments of) debt
(62.2
)
(77.3
)
Shares repurchased
(7.2
)
(8.2
)
Dividends paid to common shareholders
(24.8
)
(24.6
)
Other financing activities
(4.4
)
(14.1
)
Net cash used in financing activities
(98.6
)
(124.2
)
Net decrease in cash, cash equivalents, and restricted cash
(71.0
)
(139.3
)
Cash, cash equivalents, and restricted cash at beginning of period
323.6
374.4
Cash, cash equivalents, and restricted cash at end of period
$
252.6
$
235.1
Trinity Industries, Inc.
Reconciliations of Non-GAAP Measures
($ in millions, except percentages)
(unaudited)
Adjusted Return on Equity
Adjusted Return on Equity (“Adjusted ROE”) is defined as a ratio for which (i) the numerator is calculated as income or loss from continuing operations, adjusted to exclude the effects of net income or loss attributable to noncontrolling interest; and (ii) the denominator is calculated as average Trinity stockholders’ equity (which excludes noncontrolling interest). In the following table, the numerator and denominator of our Adjusted ROE calculation are reconciled to income from continuing operations and total stockholders’ equity, respectively, which are the most directly comparable GAAP financial measures. Management believes that Adjusted ROE is a useful measure to both management and investors as it provides an indication of the economic return on the Company’s investments over time. Non-GAAP measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to other similarly titled measures for other companies.
LTM
March 31, 2026
March 31, 2025
($ in millions)
Numerator:
Income from continuing operations
$
282.1
Net income attributable to noncontrolling interest
(19.8
)
Net income from continuing operations attributable to Trinity Industries, Inc.
$
262.3
Denominator:
Total stockholders' equity
$
1,145.7
$
1,299.7
Noncontrolling interest
(66.9
)
(246.5
)
Trinity stockholders' equity
$
1,078.8
$
1,053.2
Average total stockholders' equity
$
1,222.7
Return on Equity (1)
23.1
%
Average Trinity stockholders' equity
$
1,066.0
Adjusted Return on Equity (2)
24.6
%
(1) Return on Equity is calculated as income from continuing operations divided by average total stockholders' equity.
(2) Adjusted Return on Equity is calculated as net income from continuing operations attributable to Trinity Industries, Inc. divided by average Trinity stockholders' equity, each as defined and reconciled above.
Cash Flow from Operations with Net Gains on Lease Portfolio Sales
Cash flow from operations with net gains on lease portfolio sales is a non-GAAP financial measure. We believe this measure is useful to both management and investors as it provides a relevant measure of liquidity and a useful basis for assessing the breadth of the cash flow generation capabilities across our operating platform, as well as our ability to fund our operations and repay our debt. This measure is defined as net cash provided by operating activities from continuing operations as computed in accordance with GAAP, plus net gains on lease portfolio sales and is reconciled to net cash provided by operating activities from continuing operations, the most directly comparable GAAP financial measure, in the following table. Non-GAAP measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to other similarly titled measures for other companies.
Three Months Ended
March 31,
2026
2025
Net cash provided by operating activities – continuing operations
$
99.6
$
78.4
Net gains on lease portfolio sales
22.0
5.9
Cash flow from operations with net gains on lease portfolio sales
$
121.6
$
84.3
EBITDA
“EBITDA” is defined as income from continuing operations plus interest expense, provision for income taxes, and depreciation and amortization expense. EBITDA is a non-GAAP financial measure; however, the amounts included in the calculation are derived from amounts included in our GAAP financial statements. EBITDA is reconciled to net income, the most directly comparable GAAP financial measure, in the following table. This information is provided to assist management and investors in making meaningful comparisons of our operating performance between periods. We believe EBITDA is a useful measure for analyzing the performance of our business. We also believe that EBITDA is commonly reported and widely used by investors and other interested parties as a measure of a company’s operating performance and debt servicing ability because it assists in comparing performance on a consistent basis without regard to capital structure, depreciation or amortization (which can vary significantly depending on many factors). EBITDA should not be considered as an alternative to net income, as an indicator of our operating performance, or as an alternative to operating cash flows as measures of liquidity. Non-GAAP measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to other similarly titled measures for other companies.
Three Months Ended
March 31,
2026
2025
Net income
$
24.8
$
27.1
Less: Loss from discontinued operations, net of income taxes
Trinity delivered a strong Q1, raising full-year EPS guidance by 16% and signaling further upside as street estimates remain conservative. TRN benefits from robust industrial production, a $1.6B backlog, and a diversified railcar portfolio, positioning both leasing and product segments for growth. The leasing segment maintains high 35%+ margins and stability, while the rail products segment is rebounding from last year's downturn as secondary market activity improves.
DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE:TRN) has declared a quarterly dividend of 31 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing Trinity’s 249th consecutively paid dividend, is payable July 31, 2026 to stockholders of record on July 15, 2026.
About Trinity Industries
Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name TrinityRail®. Our platform also includes the brands of RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components. Our platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. Trinity reports its financial results in two reportable business segments: (1) Railcar Leasing and Services Group, formerly the Railcar Leasing and Management Services Group, and (2) Rail Products Group. For more information, visit: www.trin.net.
DALLAS--(BUSINESS WIRE)--Eric Marchetto, CFO of Trinity Industries, Inc. (NYSE: TRN), will be presenting on Tuesday, June 9, 2026 at the 2026 Wells Fargo Annual Industrials and Materials Conference in Chicago, IL. The presentation will be webcast live at 8:00 am CT. The webcast can be accessed at www.trin.net on the Investor Relations tab under Events and Presentations and a replay will be available for 90 days. Company Description Trinity Industries, Inc., headquartered in Dallas, Texas, owns.
COCA-COLA EUROPACIFIC PARTNERS PLC FILES ANNUAL REPORT AND FORM 20-F
UXBRIDGE, ENGLAND / ACCESS Newswire / March 13, 2026 / Coca-Cola Europacific Partners plc ("CCEP") (ticker symbol CCEP) announces that, on 13 March 2026, it filed its 2025 Annual Report and Form 20-F with the Securities and Exchange Commission. The filing includes CCEP's audited results for the year ended 31 December 2025. The unaudited fourth-quarter and full year results for the period ended 31 December 2025 were released on 17 February 2026.
The 2025 Annual Report and Form 20-F is available on CCEP's website at https://ir.cocacolaep.com/financial-reports-and-results/annual-reports and also online at www.sec.gov.
A copy of the 2025 Annual Report and Form 20-F will be available shortly at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Printed copies of the Annual Report and Form 20-F will be posted free of charge to those shareholders who have requested it on or around 16 April 2026.
CONTACTS
ABOUT CCEP
Coca-Cola Europacific Partners is one of the world's leading consumer goods companies. We make, move and sell some of the world's most loved brands - serving nearly 600 million consumers and helping over 4 million customers across 31 countries grow.
We combine the strength and scale of a large, multi-national business with an expert, local knowledge of the customers we serve and communities we support.
The Company is currently listed on Euronext Amsterdam, NASDAQ, London Stock Exchange and on the Spanish Stock Exchanges, and a constituent of both the NASDAQ 100 and FTSE 100 indices, trading under the symbol CCEP (ISIN No. GB00BDCPN049).
For more information about CCEP, please visit www.cocacolaep.com and follow CCEP on LinkedIn
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Consumer staples stocks account for just 5.3% of the S&P 500, making it the seventh-largest sector weight in that index, but don't let that fool you. For what the sector lacks in glitz and glamour compared to, say, tech, it makes up for in familiarity. These companies make products consumers use every day, thereby creating brand loyalty.
Of course, investing isn't a popularity contest. Fortunately, household products and consumer packaged goods stocks offer credible reasons for investors to pay attention, including favorable volatility profiles, above-average dividend yields, and enviable track records of payout growth.
These three consumer staples stocks are worth considering as buy-and-hold investments. Image source: Getty Images.
Those are attractive traits, but not all staple names possess them. It's a reminder that stocks in this sector don't move in lockstep. Nor do they all sport comparable valuations. Believe it or not, some marquee staple stocks are more expensive than Nvidia.
Good news: There are still plenty of staple names for buy-and-hold investors to evaluate. Let's take a look at three of them.
Unheralded stock with plenty of carbonation Earlier this month, I highlighted Coca-Cola Consolidated (COKE 0.09%) as the "other Coca-Cola stock" to consider.
Keeping with the theme of evaluating unheralded soft drink equities, meet Coca-Cola Europacific Partners (CCEP +0.75%). This company is the international counterpart to Coca-Cola Consolidated, meaning it produces and ships Coca-Cola products to more than 600 million consumers in 31 markets. Like its domestic peer, the international bottler operates independent of Coca-Cola, but "big Coke" owns 19% of this company.
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This company and potentially its shares benefit from rising demand for Coca-Cola products. Plus, it's a shareholder rewards story. It's showing signs of dependable dividend growth, and it's also a dedicated buyer of its own shares.
The doctor is in Changes are afoot at Keurig Dr Pepper (KDP +0.44%) as the company nears the closure of its $18 billion acquisition of JDE Peet's. From there, it will split into two entities, focusing on global coffee and North American soft drinks.
That deal will lift Keurig's debt ratio, but the company had ample liquidity, including $1 billion in cash on hand, at the end of 2025. The Peet's transaction isn't small, but as the buyer digests it and separates its two core businesses, the expectation is that it will generate an average of $4.2 billion in annual free cash flow from 2027 through 2030.
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Dividend growth may be slow or even stall while the doctor pares debt following the Peet's acquisition. Still, it's expected to reaccelerate once the beverage giant's debt ratio returns to normal levels.
Betting on a downtrodden staples stock Investors who follow this sector know that Clorox (CLX 0.82%) has been a dud. Over the past five years, the stock is down 37.6%, while the S&P 500 Consumer Staples index is up 32%. That wide gap understandably makes investors leery about approaching this stock.
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Clorox has some things going for it that could facilitate a rebound. The company is innovative, and its research and development efforts help it fend off competition from cheaper generic products. Plus, Clorox is a dividend stalwart, as its payout increase streak is approaching five decades, confirming it offers the dependability equity income investors crave.
Nordea Investment Management AB decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ: CCEP) by 6.9% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,089,910 shares of the company's stock after selling 81,058 shares during the period. Nordea Investment Management
Capricorn Fund Managers Ltd acquired a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,600 shares of the company’s stock, valued at approximately $1,143,000.
Other institutional investors have also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in Coca-Cola Europacific Partners in the third quarter worth approximately $31,000. First Command Advisory Services Inc. raised its stake in shares of Coca-Cola Europacific Partners by 1,800.0% during the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after acquiring an additional 342 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Coca-Cola Europacific Partners by 125.3% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock worth $40,000 after acquiring an additional 248 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 30.7% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock worth $61,000 after acquiring an additional 158 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in shares of Coca-Cola Europacific Partners by 802.2% in the 3rd quarter. Bayforest Capital Ltd now owns 803 shares of the company’s stock worth $73,000 after acquiring an additional 714 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.
Coca-Cola Europacific Partners Price Performance Shares of NASDAQ CCEP opened at $92.48 on Monday. The firm’s fifty day moving average is $98.18 and its 200 day moving average is $92.86. Coca-Cola Europacific Partners has a 52 week low of $81.00 and a 52 week high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.
Analyst Upgrades and Downgrades Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. boosted their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Evercore restated an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Barclays lifted their price objective on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, UBS Group boosted their target price on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.71.
Get Our Latest Stock Analysis on CCEP
About Coca-Cola Europacific Partners (Free Report)
Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.
The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.
Featured Articles Five stocks we like better than Coca-Cola Europacific Partners Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report).
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Allspring Global Investments Holdings LLC lowered its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 82.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,427 shares of the company’s stock after selling 116,880 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Coca-Cola Europacific Partners were worth $2,243,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of CCEP. AQR Capital Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 10.5% in the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after acquiring an additional 677 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after acquiring an additional 156 shares in the last quarter. Lido Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at $231,000. EverSource Wealth Advisors LLC grew its position in Coca-Cola Europacific Partners by 25.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,284 shares of the company’s stock valued at $305,000 after purchasing an additional 659 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at $653,000. Institutional investors own 31.35% of the company’s stock.
Coca-Cola Europacific Partners Price Performance CCEP opened at $97.42 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The firm’s fifty day moving average price is $98.43 and its two-hundred day moving average price is $92.94. Coca-Cola Europacific Partners has a 1 year low of $81.00 and a 1 year high of $110.90.
Analyst Upgrades and Downgrades Several analysts recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. UBS Group lifted their price target on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Bank of America reissued a “neutral” rating and issued a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Finally, Evercore reissued an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.71.
Check Out Our Latest Stock Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Company Profile (Free Report)
Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.
The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.
See Also Five stocks we like better than Coca-Cola Europacific Partners
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COCA-COLA EUROPACIFIC PARTNERS PLC 2026 ANNUAL GENERAL MEETING ("AGM")
LONDON, UK / ACCESS Newswire / April 16, 2026 / Coca-Cola Europacific Partners plc ("CCEP") announces that the Notice of Meeting for its 2026 Annual General Meeting ("Notice of AGM") is available to view at: https://www.cocacolaep.com/about-us/governance/shareholder-meetings in which CCEP reaffirms its comparable operating profit guidance for the year ending 31 December 2026, as set out in its full year results announced on 17 February 2026.
The AGM is to be to be held at 11:30am BST on 28 May 2026, at 1A Wimpole Street, London, W1G 0EA.
CCEP's 2025 Annual Report and Form 20-F ("2025 Annual Report") was published on 13 March 2026 and can be found at https://ir.cocacolaep.com/financial-reports-and-results/annual-reports
The 2025 Annual Report, Notice of AGM and Form of Proxy are also being sent to those shareholders who have requested to receive hard copies.
In compliance with Listing Rule 6.4.1R, the Notice of AGM and Form of Proxy will shortly be available for inspection on the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The amended rules of the Coca-Cola Europacific Partners plc Long Term Incentive Plan will also shortly be available for inspection on the National Storage Mechanism.
CCEP's Q1 2026 trading update will be announced on 28 April 2026.
CONTACTS
ABOUT CCEP
Coca-Cola Europacific Partners is one of the world's leading consumer goods companies. We make, move and sell some of the world's most loved brands - serving nearly 600 million consumers and helping over 4 million customers across 31 countries grow.a
We combine the strength and scale of a large, multi-national business with an expert, local knowledge of the customers we serve and communities we support.
The Company is currently listed on Euronext Amsterdam, NASDAQ, London Stock Exchange and on the Spanish Stock Exchanges, and a constituent of both the NASDAQ 100 and FTSE 100 indices, trading under the symbol CCEP (ISIN No. GB00BDCPN049).
For more information about CCEP, please visit www.cocacolaep.com and follow CCEP on LinkedIn.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Lbp Am Sa decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,041 shares of the company’s stock after selling 19,093 shares during the period. Lbp Am Sa’s holdings in Coca-Cola Europacific Partners were worth $4,085,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Monument Capital Management increased its position in Coca-Cola Europacific Partners by 0.7% during the fourth quarter. Monument Capital Management now owns 30,523 shares of the company’s stock worth $2,768,000 after buying an additional 219 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Coca-Cola Europacific Partners by 42.0% in the fourth quarter. Farther Finance Advisors LLC now owns 11,679 shares of the company’s stock valued at $1,059,000 after buying an additional 3,454 shares during the period. Howard Capital Management Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock valued at $404,000 after buying an additional 125 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of Coca-Cola Europacific Partners by 33.3% in the fourth quarter. Diversify Advisory Services LLC now owns 3,467 shares of the company’s stock valued at $310,000 after buying an additional 866 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Coca-Cola Europacific Partners by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock valued at $532,765,000 after buying an additional 38,339 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In CCEP has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. The Goldman Sachs Group lifted their target price on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Bank of America reiterated a “neutral” rating and issued a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.00.
Read Our Latest Report on CCEP
Coca-Cola Europacific Partners Stock Performance Shares of Coca-Cola Europacific Partners stock opened at $98.80 on Friday. The firm has a fifty day moving average of $98.93 and a two-hundred day moving average of $93.30. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23.
Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.
The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.
See Also Five stocks we like better than Coca-Cola Europacific Partners
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Mirae Asset Global Investments Co. Ltd. increased its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,681 shares of the company’s stock after acquiring an additional 21,587 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $13,123,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $980,000. Vestcor Inc boosted its position in shares of Coca-Cola Europacific Partners by 14.4% during the third quarter. Vestcor Inc now owns 80,665 shares of the company’s stock valued at $7,293,000 after buying an additional 10,125 shares during the period. iA Global Asset Management Inc. boosted its position in shares of Coca-Cola Europacific Partners by 11.8% during the third quarter. iA Global Asset Management Inc. now owns 124,169 shares of the company’s stock valued at $11,226,000 after buying an additional 13,135 shares during the period. NEOS Investment Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 77.1% during the third quarter. NEOS Investment Management LLC now owns 146,000 shares of the company’s stock valued at $13,200,000 after buying an additional 63,554 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Coca-Cola Europacific Partners by 2.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,189,955 shares of the company’s stock valued at $197,994,000 after buying an additional 47,240 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.
Coca-Cola Europacific Partners Stock Performance Coca-Cola Europacific Partners stock opened at $98.80 on Monday. The company has a 50 day moving average price of $98.93 and a 200-day moving average price of $93.35. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $110.90.
Wall Street Analyst Weigh In Several research analysts have issued reports on the company. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Barclays dropped their target price on Coca-Cola Europacific Partners from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. The Goldman Sachs Group lifted their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.00.
Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.
The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.
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Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $107.00.
Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Barclays dropped their price target on Coca-Cola Europacific Partners from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. The Goldman Sachs Group lifted their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, UBS Group lifted their price target on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th.
Get Our Latest Stock Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Price Performance Shares of NASDAQ CCEP opened at $98.06 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average is $98.84 and its two-hundred day moving average is $93.67. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $110.90.
Institutional Trading of Coca-Cola Europacific Partners Institutional investors and hedge funds have recently modified their holdings of the company. Bayban bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $25,000. Mather Group LLC. bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $31,000. First Command Advisory Services Inc. increased its position in shares of Coca-Cola Europacific Partners by 1,800.0% during the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after purchasing an additional 342 shares during the period. Quarry LP increased its position in shares of Coca-Cola Europacific Partners by 59.1% during the fourth quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 146 shares during the period. Finally, 1248 Management LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $38,000. 31.35% of the stock is currently owned by institutional investors.
About Coca-Cola Europacific Partners (Get Free Report)
Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.
The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.
Read More Five stocks we like better than Coca-Cola Europacific Partners
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UXBRIDGE, ENGLAND / ACCESS Newswire / April 28, 2026 / COCA-COLA EUROPACIFIC PARTNERS Trading Update for the First Quarter ended 03 April 2026 & Interim Dividend Declaration Good start to the year; reaffirming full-year guidance Q1 2026 Change vs 2025 Revenue Volume (UC)[2] Revenue per UC[1],[2],[3] Volume* Revenue per UC[1],[2],[3] FXN[1],[3] Revenue Revenue Europe €3,549m 596m €6.00 8.4% 1.3% 9.8% 9.1% APS €1,452m 374m €4.17 8.7% (0.3)% 8.6% 1.1% CCEP €5,001m 970m €5.29 8.5% 0.8% 9.4% 6.7% Damian Gammell, Chief Executive Officer, said: "We've had a good start to the year with more balanced topline delivery. Although stronger volumes benefitted from calendar phasing and an earlier Easter, we delivered solid comparable volume growth and share gains driven by great execution.
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
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Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for JBT have been revising upward. The Zacks Consensus Estimate for the current year has surged 10.1% over the past month.
Bottom LineJBT has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that JBT is a potential outperformer and a solid choice for growth investors.
CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segments of the food & beverage industry, will host an Investor Day in New York City today, Thursday, March 26, 2026, beginning at 9:00 AM ET / 1:00 PM GMT. The event is expected to conclude at approximately 12:15 PM ET / 4:15 PM GMT.
JBT Marel’s Chief Executive Officer, Brian Deck, and other members of the executive leadership team will present a detailed overview of the Company’s strategic priorities, key growth initiatives, and 2028 financial targets.
The event will be livestreamed, and a replay of the event will be available within 24 hours following the event’s conclusion through this website: https://jbtminvestorday2026.com/. Presentation materials will also be available today on the JBT Marel Investor Relations website at https://ir.jbtmarel.com/events/presentations.
JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT Marel’s unique solutions of integrated equipment, service, software, and application expertise enables customers to optimize food yield and efficiency, improve food safety and quality, and enhance uptime and proactive maintenance, all while reducing waste and resource use across the global food supply chain. JBT Marel operates more than 50 manufacturing and distribution facilities globally. For more information, please visit www.jbtmarel.com.
On April 15, 2026, JB Hunt Transport Services Inc (JBHT) released its 8-K filing reporting first-quarter 2026 results. The company posted U.S. GAAP revenue of $
CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) announced today that it will report first quarter 2026 financial results on Monday, May 4, 2026, after the market closes. JBT Marel will host an earnings conference call on Tuesday, May 5, 2026, at 10:00 AM ET / 14:00 GMT. The conference call will be webcast and is accessible through this link: Webcast Registration. The webcast will also be available for replay shortly after the conference call ends. This informatio.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? JBT Marel (JBTM - Free Report) , which belongs to the Zacks Technology Services industry, could be a great candidate to consider.
This food processing and transportation services company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 15.80%.
For the most recent quarter, JBT was expected to post earnings of $1.92 per share, but it reported $1.98 per share instead, representing a surprise of 3.13%. For the previous quarter, the consensus estimate was $1.51 per share, while it actually produced $1.94 per share, a surprise of 28.48%.
Price and EPS Surprise
For JBT, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
JBT has an Earnings ESP of +1.01% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 4, 2026.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
KANSAS CITY, Mo.--(BUSINESS WIRE)--Wenger and Extru-Tech, both global leaders in pet and human food extrusion processing solutions, will exhibit at Petfood Forum in Kansas City on April 27-29, 2026, at Booth #1614. This marks the first time both brands will come together in one booth for the industry's largest gathering of pet food professionals in North America. This union marks a new chapter as these trusted brands unite under JBT Marel to drive greater innovation and expand product offerings.
JBT Marel Corporation is upgraded from 'hold' to a soft 'buy' based on ambitious growth and cost-saving targets. JBTM expects organic revenue growth of 5–7% annually through 2028, targeting $4.52 billion in sales and 20% EBITDA margins. Management projects $150 million in annual cost savings by the end of next year, with additional revenue and operational synergies supporting margin expansion.
Wall Street expects a year-over-year increase in earnings on higher revenues when JBT Marel (JBTM - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 4. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis food processing and transportation services company is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of +53.6%.
Revenues are expected to be $929.07 million, up 8.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.74% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for JBT?For JBT, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.01%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that JBT will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that JBT would post earnings of $1.92 per share when it actually produced earnings of $1.98, delivering a surprise of +3.13%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
JBT appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Technology Services industry, Trane Technologies (TT - Free Report) , is soon expected to post earnings of $2.53 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +3.3%. Revenues for the quarter are expected to be $4.93 billion, up 5.1% from the year-ago quarter.
The consensus EPS estimate for Trane Technologies has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.49%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Trane Technologies will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported financial results for the first quarter of 2026.
"We started 2026 on a positive note, marking the second consecutive quarter with inbound orders above $1 billion," said Brian Deck, Chief Executive Officer. "Our orders reflected strong demand across our Prepared Food and Beverage Solutions and Protein Solutions segments."
"During the first quarter, we hosted our 2026 Investor Day," continued Deck. "We introduced our NextGen strategy, which further elevates our value proposition by advancing our customer-centric service model, enhancing our full-line product offering with targeted innovation, expanding commercial opportunities through cross-selling, and harnessing our continuous improvement culture to reduce complexity and achieve sustainable margin expansion."
Comparisons in this news release are to the comparable period of the prior year, unless otherwise noted. An earnings presentation with supplemental information is available on the Company's Investor Relations website at https://ir.jbtmarel.com/events/presentations.
JBT Marel First Quarter 2026 Consolidated Results
"We achieved meaningful year-over-year operational performance as we continued the margin expansion journey outlined in our strategy," said Matt Meister, Executive Vice President and Chief Financial Officer. "Additionally, we generated quarterly free cash flow of $100 million, enabling us to further deleverage our balance sheet."
First quarter 2026 consolidated revenue of $936 million increased 10 percent with approximately 6 percent benefit from foreign exchange translation. The foreign exchange benefit was largely as expected. Net income of $45 million improved $218 million, and net income margin was 4.8 percent. The improvement in net income was primarily driven by lower non-recurring and transaction related costs as well as margin enhancement efforts and lower interest expense.
First quarter 2026 consolidated adjusted EBITDA of $142 million improved $30 million, and adjusted EBITDA margin was 15.2 percent. Diluted earnings per share (EPS) was $0.86 compared to a loss per share of $3.35. Adjusted EPS was $1.58 compared to $0.97. Orders totaled $1.07 billion, inclusive of approximately $60 million in a year-over-year benefit from foreign exchange translation, and quarter-ending backlog was $1.49 billion.
First quarter 2026 operating cash flow was $119 million, and free cash flow was $100 million. As of March 31, 2026, the Company's net debt to trailing twelve months adjusted EBITDA was 2.6x.
JBT Marel First Quarter 2026 Segment Results
Three Months Ended March 31, 2026
In millions except margin
Protein Solutions
Prepared Food and
Beverage Solutions
Segment revenue
$
460
$
476
Segment adjusted EBITDA
$
100
$
70
Segment adjusted EBITDA margin
21.7 %
14.7 %
First quarter 2026 Protein Solutions segment revenue increased 22 percent, inclusive of approximately 8 percent year-over-year benefit from foreign exchange translation. Segment adjusted EBITDA margin improved more than 500 basis points, benefiting from higher poultry volume and continued improvement in the meat and fish businesses.
First quarter 2026 Prepared Food and Beverage Solutions segment revenue was flat, inclusive of approximately 4 percent year-over-year benefit from foreign exchange translation. Segment adjusted EBITDA margin declined 170 basis points, which was impacted, as expected, by higher tariff costs, lower volume from the CPG end market, and operational challenges in the warehouse automation business.
JBT Marel Outlook
JBT Marel is reiterating its full year 2026 guidance, and the below table reflects consolidated guidance.
Guidance
In millions except EPS and margin
FY 2026
Revenue
$3,990 - $4,065
Net income margin
6.1% - 6.6%
Adjusted EBITDA margin(1)
17.0% - 17.5%
GAAP diluted EPS
$4.70 - $5.15
Adjusted EPS(1)
$8.00 - $8.50
(1) Non-GAAP figure. Please see supplemental schedules for adjustments and reconciliations.
For the full year 2026, given the continued demand strength experienced in the first quarter 2026, JBT Marel still expects year-over-year consolidated revenue growth of 5 - 7 percent, which is inclusive of approximately 1 percent foreign exchange translation benefit.
From a tariff perspective, while there are several moving components, the Company expects the impact of recent tariff policy changes to be in-line with the previously disclosed full year 2026 estimated net impact of 25 to 50 basis points, which is inclusive of all mitigation efforts.
The Company remains on-track to achieve an estimated $60 million in realized synergy cost savings for the full year 2026.
For the full year 2026, JBT Marel expects to incur certain one-time and acquisition related costs from the Marel transaction, which are included in net income margin and GAAP diluted EPS guidance and excluded from adjusted EPS and adjusted EBITDA margin guidance. These include approximately $178 million in acquisition related amortization and depreciation, $20 million in M&A related costs, and $30 million in restructuring costs.
Full year 2026 total depreciation and amortization is expected to be approximately $268 million. Interest expense is estimated to be approximately $50 million, and other financing income related to cross currency swaps on the Term Loan B is expected to be approximately $10 million. The full year tax rate is anticipated to be 23 - 24 percent.
Earnings Conference Call
A conference call is scheduled for 10:00 a.m. ET / 14:00 GMT on Tuesday, May 5, 2026, to discuss first quarter 2026 results. A simultaneous webcast and audio replay of the call will be available on the Company’s Investor Relations website at https://ir.jbtmarel.com/events/ir-calendar.
##
About JBT Marel Corporation
JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT Marel’s unique solutions of integrated equipment, service, software, and application expertise enables customers to optimize food yield and efficiency, improve food safety and quality, and enhance uptime and proactive maintenance, all while reducing waste and resource use across the global food supply chain. JBT Marel operates more than 50 manufacturing and distribution facilities globally. For more information, please visit www.jbtmarel.com.
Non-GAAP Measures and Reconciliations to GAAP Measures
Adjusted EBITDA, Adjusted EBITDA margin, Adjusted income, Adjusted diluted earnings per share (“Adjusted EPS”), and Free cash flow are non-GAAP financial measures. JBT Marel provides non-GAAP financial measures in order to increase transparency in our operating results and trends. These non-GAAP measures eliminate certain costs or benefits from, or change the calculation of, a measure as calculated under U.S. GAAP. By eliminating these items, JBT Marel provides a more meaningful comparison of our ongoing operating results, consistent with how management evaluates performance. Management uses these non-GAAP measures in financial and operational evaluation, planning and forecasting. These calculations may differ from similarly-titled measures used by other companies. The non-GAAP financial measures disclosed are not intended to be used as a substitute for, nor should they be considered in isolation of, financial measures prepared in accordance with U.S. GAAP. Reconciliations of non-GAAP financial measures can be found in the supplemental schedules to this release.
Presentation of Percentage Calculations
Effective in 2026, percentage amounts presented in this press release have been calculated using rounded figures. In prior periods, percentage amounts were calculated using the unrounded underlying values rather than the rounded figures presented. As a result, certain percentage amounts in this section may differ slightly from percentages calculated using the figures presented in the Company’s Consolidated Financial Statements or the accompanying narrative.
Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond JBT Marel's ability to control. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by JBT Marel will be achieved. These forward-looking statements include, among others, statements relating to our business and our results of operations, our strategic plans, our restructuring plans and expected cost savings from those plans and our liquidity. The factors that could cause our actual results to differ materially from expectations include, but are not limited to, the following factors: fluctuations in our financial results; termination or loss of major customer contracts and risks associated with fixed-price contracts, particularly during periods of high inflation; catastrophic loss at any of our facilities and business continuity of our information systems; loss of key management and other personnel; our ability to remediate the material weaknesses relating to the Marel financial statements; deterioration of economic conditions, including impacts from supply chain delays and reduced material or component availability; unanticipated delays or acceleration in our sales cycles; inflationary pressures, including increases in energy, raw material, freight, and labor costs; changes in food consumption patterns; weather conditions and natural disasters; impacts of pandemic illnesses, food borne illnesses and diseases to various agricultural products; work stoppages; customer sourcing initiatives; competition and innovation in our industries; disruptions in the political, regulatory, economic and social conditions of the countries in which we conduct business; changes to tariffs, trade regulations, quotas, or duties; potential liability arising out of the installation or use of our systems; the impact of climate change and environmental protection initiatives; our ability to comply with U.S. and international laws governing our operations and industries; increases in tax liabilities; risks related to acquisitions, such as our ability to integrate the acquisitions we have consummated, including the integration of the legacy businesses of JBT and Marel; our ability to develop and introduce new or enhanced products and services and keep pace with technological developments; difficulty in developing, preserving and protecting our intellectual property or defending claims of infringement; cybersecurity risks such as network intrusion or ransomware schemes; our convertible note hedge and warrant transactions; the maintenance of two stock exchange listings; fluctuations in currency exchange rates and interest rates; our level of indebtedness; availability of and access to financial and other resources; and the factors described under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report on Form 10-K and in any future Quarterly Report on Form 10-Q.
If one or more of those or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Consequently, actual events and results may vary significantly from those included in or contemplated or implied by our forward-looking statements. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statement made by us or on our behalf, whether as a result of new information, future developments, subsequent events or changes in circumstances or otherwise.
JBT MAREL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited and in millions, except per share data)
Three Months Ended March 31,
2026
2025
Revenue
$
936
$
854
Cost of sales
607
562
Gross profit
329
292
Gross profit margin
35.1 %
34.2 %
Selling, general and administrative expense
261
325
Operating income (loss)
68
(33)
Operating income margin
7.3 %
(4.0) %
Pension expense, other than service cost
—
147
Interest expense, net
10
41
Other (income)
(2)
(2)
Income (loss) before income taxes
60
(219)
Income tax provision (benefit)
15
(46)
Net income (loss)
$
45
$
(173)
Earnings (loss) per share:
Basic
$
0.86
$
(3.35)
Diluted
$
0.86
$
(3.35)
Weighted average shares outstanding:
Basic
52.2
51.7
Diluted
52.4
51.7
Other business information from operations:
Inbound orders
$
1,070
$
916
Orders backlog
$
1,490
$
1,311
JBT MAREL CORPORATION
NON-GAAP FINANCIAL MEASURES
RECONCILIATION OF DILUTED EARNINGS PER SHARE TO ADJUSTED DILUTED EARNINGS PER SHARE
(Unaudited and in millions, except per share data)
Three Months Ended March 31,
2026
2025
Net income (loss)
$
45
$
(173)
Non-GAAP adjustments
Restructuring related costs, net (1)
(2)
11
M&A related costs (2)
8
74
Amortization of bridge financing debt issuance cost
—
12
Acquisition related amortization and depreciation
45
42
Impact on tax provision from Non-GAAP adjustments (3)
(13)
(31)
Recognition of non-cash pension plan related settlement costs
—
147
Impact on tax provision from non-cash pension plan related settlement costs
—
(37)
Discrete tax adjustment from M&A activity
—
5
Adjusted income
$
83
$
50
Net income (loss)
$
45
$
(173)
Total shares and dilutive securities
52.4
51.7
Diluted earnings (loss) per share
$
0.86
$
(3.35)
Adjusted income
$
83
$
50
Total shares and dilutive securities
52.4
51.7
Adjusted diluted earnings per share
$
1.58
$
0.97
(1) Costs incurred as a direct result of the restructuring program are excluded because they are not part of the ongoing operations of our underlying business and primarily consist of severance and related costs.
(2) M&A related costs for the three months ended March 31, 2026, include advisory, strategy and integration related costs for completed M&A transactions.
(3) Impact on tax provision was calculated using the enacted rate for the relevant jurisdiction for each period shown.
The above table reports adjusted income and adjusted diluted earnings per share, which are non-GAAP financial measures. We use these measures internally to make operating decisions and for the planning and forecasting of future periods, and therefore provide this information to investors because we believe it allows more meaningful period-to-period comparisons of our ongoing operating results, without the fluctuations in the amount of certain costs that do not reflect our underlying operating results.
JBT MAREL CORPORATION
NON-GAAP FINANCIAL MEASURES
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA
(Unaudited and in millions)
Three Months Ended March 31,
2026
2025
Net income (loss)
$
45
$
(173)
Income tax provision (benefit)
15
(46)
Interest expense, net
10
41
Other financing (income) (1)
(2)
(2)
Pension expense, other than service cost (2)
—
147
Restructuring and related costs, net (3)
(2)
10
M&A related costs (4)
8
74
Depreciation and amortization (5)
68
61
Adjusted EBITDA
$
142
$
112
Total revenue
$
936
$
854
Net income (loss) margin
4.8 %
(20.3) %
Adjusted EBITDA margin
15.2 %
13.1 %
(1) Other financing income represents transaction gains from fair value hedges on our foreign currency denominated debt, which are considered non-operating as they relate to our cost of borrowing on this debt.
(2) Pension expense, other than service cost, is excluded as it represents all non service-related pension expense, which consists of non-cash interest cost, expected return on plan assets, amortization of actuarial gains and losses, and settlement charges.
(3) Costs incurred as a direct result of the restructuring program are excluded because they are not part of the ongoing operations of our underlying business and primarily consist of severance and related costs.
(4) M&A related costs for the three months ended March 31, 2026, include advisory, strategy and integration related costs for completed M&A transactions.
(5) Depreciation and amortization, including the acquisition related amortization and depreciation expense, is excluded to determine EBITDA.
The above table reports Adjusted EBITDA and Adjusted EBITDA margin, which are non-GAAP financial measures. We use Adjusted EBITDA and Adjusted EBITDA margin internally to make operating decisions and believe that Adjusted EBITDA is useful to investors as a measure of the Company’s operational performance and a way to evaluate and compare operating performance against peers in the Company's industry.
JBT MAREL CORPORATION
SEGMENT RESULTS
(Unaudited and in millions)
Three Months Ended March 31, 2026
(In millions)
Protein
Solutions
Prepared Food
and Beverage
Solutions
Total
Revenue
$
460
$
476
Less:
Cost of sales
289
318
Research and development
11
7
Other segment items (1)
94
112
Add:
Depreciation and amortization
34
31
Segment Adjusted EBITDA
$
100
$
70
$
170
Less:
Interest expense, net
10
Other (income)
(2)
Restructuring related costs
(2)
M&A related costs
8
Depreciation and amortization
68
Unallocated amounts:
Corporate expense (2)
28
Income before income taxes
$
60
(1) Other segment items for each reportable segment include operating expenses, which primarily consist of selling, general and administrative expenses and corporate and shared service expenses allocated to each segment based upon benefits received. Other segment items exclude the impact of restructuring, M&A and other one-time related costs as they do not reflect the ongoing operations of the underlying business.
(2) Corporate expense is primarily comprised of unallocated selling, general and administrative expenses and activity that does not meet the criteria of a reportable segment. Corporate expense excludes the impact of depreciation and amortization, restructuring, M&A and other one-time related and non-operating costs shown separately in the table above.
JBT MAREL CORPORATION
SEGMENT RESULTS
(Unaudited and in millions)
Three Months Ended March 31, 2025
(In millions)
Protein
Solutions
Prepared Food
and Beverage
Solutions
Total
Revenue
$
378
$
476
Less:
Cost of sales
247
314
Research and development
20
10
Other segment items (1)
76
101
Add:
Depreciation and amortization
28
27
Segment Adjusted EBITDA
$
63
$
78
$
141
Less:
Interest expense, net
41
Other (income)
(2)
Pension expense, other than service cost
147
Restructuring related costs
11
M&A related costs
74
Depreciation and amortization
61
Unallocated amounts:
Corporate expense (2)
28
Loss before income taxes
$
(219)
(1) Other segment items for each reportable segment include operating expenses, which primarily consist of selling, general and administrative expenses and corporate and shared service expenses allocated to each segment based upon benefits received. Other segment items exclude the impact of restructuring, M&A and other one-time related costs as they do not reflect the ongoing operations of the underlying business.
(2) Corporate expense is primarily comprised of unallocated selling, general and administrative expenses and activity that does not meet the criteria of a reportable segment. Corporate expense excludes the impact of depreciation and amortization, restructuring, M&A and other one-time related and non-operating costs shown separately in the table above.
JBT MAREL CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited and in millions)
March 31, 2026
December 31, 2025
Assets
Cash and cash equivalents
$
211
$
168
Restricted cash
19
19
Trade receivables, net of allowances
438
443
Contract assets
142
119
Inventories
667
644
Other current assets
198
190
Total current assets
1,675
1,583
Property, plant and equipment, net
779
793
Goodwill
3,393
3,428
Intangible assets, net
2,052
2,122
Other assets
264
265
Total Assets
$
8,163
$
8,191
Liabilities and Stockholders' Equity
Short-term debt
$
411
$
412
Accounts payable, trade and other
294
262
Advance and progress payments
561
518
Accrued payroll
154
170
Other current liabilities
237
260
Total current liabilities
1,657
1,622
Long-term debt, less current portion
1,432
1,470
Deferred tax liabilities
379
383
Other liabilities
212
252
Common stock and additional paid-in capital
2,716
2,718
Retained earnings
1,505
1,465
Accumulated other comprehensive income
262
281
Total stockholders' equity
4,483
4,464
Total liabilities and stockholders' equity
$
8,163
$
8,191
JBT MAREL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited and in millions)
Three Months Ended March 31,
2026
2025
Cash flows from operating activities:
Net income (loss)
$
45
$
(173)
Adjustments to reconcile income (loss) to cash provided by operating activities:
Depreciation and amortization
68
61
Stock-based compensation
7
5
Other, net
4
174
Changes in operating assets and liabilities
Trade accounts receivable, net
(21)
18
Inventories
(27)
(13)
Accounts payable, trade and other
38
21
Advance and progress payments
50
32
Other assets and liabilities, net
(45)
(91)
Cash provided by operating activities
119
34
Cash flows from investing activities:
Acquisitions, net of cash acquired
—
(1,746)
Capital expenditures
(26)
(20)
Proceeds from disposal of assets
7
1
Other
—
(1)
Cash required by investing activities
(19)
(1,766)
Cash flows from financing activities
Net repayments of domestic credit facilities, net of debt issuance costs
(38)
(195)
Net (repayments of) proceeds from Term loan B, net of debt issuance costs
(2)
898
Settlement of deal contingent hedge
—
(43)
Dividends
(5)
(5)
Other, net
(9)
(34)
Cash (required) provided by financing activities
(54)
621
Net increase (decrease) in cash, cash equivalents and restricted cash
46
(1,111)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
(3)
2
Net (decrease) increase in cash and cash equivalents
$
43
$
(1,109)
Cash and cash equivalents from operations, beginning of period
187
1,228
Add: Net (decrease) increase in cash and cash equivalents
43
(1,109)
Cash, cash equivalents and restricted cash from operations, end of period
$
230
$
119
JBT MAREL CORPORATION
NON-GAAP FINANCIAL MEASURES
FREE CASH FLOW
(Unaudited and in millions)
Three Months Ended March 31,
2026
2025
Cash provided by operating activities
$
119
$
34
Less: capital expenditures
26
20
Plus: proceeds from disposal of assets
7
1
Plus: pension contributions
—
3
Free cash flow (FCF)
$
100
$
18
The above table reports free cash flow, which is a non-GAAP financial measure. We use free cash flow internally as a key indicator of our liquidity and ability to service debt, invest in business combinations, and return money to shareholders and believe this information is useful to investors because it provides an understanding of the cash available to fund these initiatives.
JBT MAREL CORPORATION
NET DEBT CALCULATION
(Unaudited and in millions)
As of Quarter Ended
Change From
Q1 2026
Q4 2025
Q1 2025
Prior Year-
End
Prior Year
Total debt
$
1,843
$
1,882
$
1,988
$
(39)
$
(145)
Less: cash and marketable securities
211
168
101
43
110
Net debt
$
1,632
$
1,714
$
1,887
$
(82)
$
(255)
JBT MAREL CORPORATION
BANK TOTAL NET LEVERAGE RATIO CALCULATION
(Unaudited and in millions)
Q1 2026
Total debt
$
1,843
Less: cash and marketable securities
211
Net debt
1,632
Other items considered debt under the credit agreement
47
Consolidated total indebtedness(1)
$
1,679
Trailing twelve months adjusted EBITDA
630
Other adjustments net to earnings under the credit agreement
53
Consolidated EBITDA(1)
$
683
Bank total net leverage ratio (Consolidated total indebtedness / Consolidated EBITDA)
2.5
Total net debt to trailing twelve months adjusted EBITDA
2.6
(1) As defined in the credit agreement.
JBT MAREL CORPORATION
NON-GAAP FINANCIAL MEASURES
RECONCILIATION OF DILUTED EARNINGS PER SHARE
TO ADJUSTED DILUTED EARNINGS PER SHARE GUIDANCE
(Unaudited and in cents)
Guidance
Full Year 2026
Diluted earnings per share
$4.70 - $5.15
Non-GAAP adjustments:
Restructuring related costs(1)
~ 0.57
M&A related costs(2)
~ 0.38
Acquisition related amortization and depreciation(3)
~ 3.40
Impact on tax provision from Non-GAAP adjustments(4)
~ (1.02)
Adjusted diluted earnings per share
$8.00 - $8.50
(1) Restructuring related costs are estimated to be approximately $30 million for the full year 2026. The amount has been divided by our estimate of 52.4 million total shares and dilutive securities to derive earnings per share.
(2) M&A related costs are estimated to be approximately $20 million for the full year 2026. The amount has been divided by our estimate of 52.4 million total shares and dilutive securities to derive earnings per share.
(3) Acquisition related amortization and depreciation is expected to be approximately $178 million for the full year 2026. The amount has been divided by our estimate of 52.4 million total shares and dilutive securities to derive earnings per share.
(4) Impact on tax provision for 2026 tax provision on non-GAAP adjustments was calculated using a tax rate of approximately 23-24% based on a estimate of the tax rate of the country in which the non-GAAP adjustments are originating.
JBT MAREL CORPORATION
NON-GAAP FINANCIAL MEASURES
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA GUIDANCE
(Unaudited and in millions)
Guidance
Full Year 2026
Net Income
$245 - $270
Income tax provision
75 - 83
Interest expense, net
~50
Other financing income (1)
~ (10)
Restructuring related costs (2)
~ 30
M&A related costs (3)
~ 20
Depreciation and amortization
~ 268
Adjusted EBITDA
$675 - $710
Revenue
$3,990 - $4,065
Net income margin
6.1% - 6.6%
Adjusted EBITDA margin
17.0% - 17.5%
(1) Other financing income is estimated to be approximately $10 million for the full year 2026.
(2) Restructuring related costs are estimated to be approximately $30 million for the full year 2026. The amount has been divided by our estimate of 52.4 million total shares and dilutive securities to derive earnings per share.
(3) M&A related costs are estimated to be approximately $20 million for the full year 2026. The amount has been divided by our estimate of 52.4 million total shares and dilutive securities to derive earnings per share.
JBT Marel (JBTM - Free Report) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +6.40%. A quarter ago, it was expected that this food processing and transportation services company would post earnings of $1.92 per share when it actually produced earnings of $1.98, delivering a surprise of +3.13%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
JBT, which belongs to the Zacks Technology Services industry, posted revenues of $936 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.75%. This compares to year-ago revenues of $854.1 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
JBT shares have lost about 23.4% since the beginning of the year versus the S&P 500's gain of 5.6%.
What's Next for JBT?While JBT has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for JBT was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.99 on $993.6 million in revenues for the coming quarter and $8.19 on $4.03 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Bit Digital, Inc. (BTBT - Free Report) , has yet to report results for the quarter ended March 2026.
This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +20%. The consensus EPS estimate for the quarter has been revised 33.3% higher over the last 30 days to the current level.
Bit Digital, Inc.'s revenues are expected to be $24.12 million, down 3.9% from the year-ago quarter.
CHICAGO--(BUSINESS WIRE)--JBT Marel, the global technology leader responsible for processing over 75% of the world’s citrus juice, is making its debut at the 2026 National Restaurant Association (NRA) Show from May 16-19. The centerpiece of this landmark debut is the Fresh’n Squeeze® 1800 Citrus Juicer, a recipient of the prestigious 2026 Kitchen Innovation Awards, showcasing how industrial-grade extraction technology has been reengineered for modern foodservice operators.
The company’s strategic expansion into the foodservice market aligns with a significant shift in consumer behavior; recent data indicates that 21% of global consumers have increased their juice consumption, prioritizing fresh-squeezed options for their functional health benefits. JBT Marel is uniquely positioned to meet this demand and serve the booming $100B+ global juice market directly.
“For decades, our technology has set the gold standard for the global juice industry. The Fresh’n Squeeze® 1800 puts the same power of our industrial-sized extractors onto the restaurant countertop,” said Megan Dyer, Director of Key Accounts and Beverage at JBT Marel. “Debuting this award-winning innovation at our first NRA Show marks an exciting new chapter as we continue to push the boundaries of what is possible in foodservice.”
The Fresh’n Squeeze® 1800 is a disruptor in the tabletop category, utilizing our proprietary Whole Fruit Extraction Principle. Unlike traditional cut-and-press machines, it instantly separates juice from bitter peels and seeds, ensuring a clean flavor profile with minimal oil content. It produces up to 50% more juice per fruit, yielding up to 10 quarts where competitors typically produce eight.
Paul Raybuck, the manager of Xtreme Juice in Tampa and Fresh’n Squeeze extraction customer, said “What really stands out is the yield Fresh’n Squeeze offers. If I can get 50% more juice out of a box of oranges, I’m multiplying my profits. It’s just been reliable for our operation, and any time we’ve needed support, the Fresh’n Squeeze team has been quick to step in.”
JBT Marel invites attendees and press to experience its fresh-squeezed juice at two locations:
Booth #1293 (Main Exhibit): Featuring live demonstrations and Happy Hour events on Saturday, May 16, and Monday, May 18, from 3–5 p.m. CT, where guests can enjoy cocktails crafted with fresh-squeezed juice. Booth #3798 (KI Showroom): Open daily from 9:30 a.m. – 5 p.m. for a deep dive into the 2026 Kitchen Innovation Award-winning technology. For more information on Fresh’n Squeeze® 1800, visit www.freshnsqueeze.com.
About JBT Marel
JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT Marel’s unique solutions of integrated equipment, service, software, and application expertise enables customers to optimize food yield and efficiency, improve food safety and quality, and enhance uptime and proactive maintenance, all while reducing waste and resource use across the global food supply chain. JBT Marel operates more than 50 manufacturing and distribution facilities globally. For more information, please visit www.jbtmarel.com.
Shares of JBT Marel (JBTM - Free Report) have gained 4.8% over the past four weeks to close the last trading session at $136.52, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $180 indicates a potential upside of 31.9%.
The average comprises four short-term price targets ranging from a low of $118.00 to a high of $210.00, with a standard deviation of $42.14. While the lowest estimate indicates a decline of 13.6% from the current price level, the most optimistic estimate points to a 53.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for JBTM, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in JBTMThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 0.3% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, JBTM currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much JBTM could gain, the direction of price movement it implies does appear to be a good guide.
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends JBT Marel (JBTM - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this food processing and transportation services company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for JBT is 9.2%, investors should actually focus on the projected growth. The company's EPS is expected to grow 28.2% this year, crushing the industry average, which calls for EPS growth of 22.4%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for JBT is 136.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of -7.3%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 24.8% over the past 3-5 years versus the industry average of 10.7%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for JBT have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.3% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made JBT a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions JBT well for outperformance, so growth investors may want to bet on it.
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CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on June 9, 2026, to stockholders of record at the close of business on May 26, 2026. The Board of Directors also authorized a new share repurchase plan of up to $200 million of the Company's common stock, effective June 1, 2026, through May 31, 2029. The manner,.
CHICAGO--(BUSINESS WIRE)--The correction relates to the effective date of the share repurchase plan, which was changed from June 1, 2026, to May 18, 2026.
The updated release reads:
JBT MAREL CORPORATION DECLARES QUARTERLY DIVIDEND AND ANNOUNCES SHARE REPURCHASE PROGRAM
JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on June 9, 2026, to stockholders of record at the close of business on May 26, 2026.
The Board of Directors also authorized a new share repurchase plan of up to $200 million of the Company’s common stock, effective May 18, 2026, through May 31, 2029. The manner, timing, price, and volume of the repurchases will be determined by the Company at its discretion, subject to market conditions, relevant securities laws, and other factors.
JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT Marel’s unique solutions of integrated equipment, service, software, and application expertise enables customers to optimize food yield and efficiency, improve food safety and quality, and enhance uptime and proactive maintenance, all while reducing waste and resource use across the global food supply chain. JBT Marel operates more than 50 manufacturing and distribution facilities globally. For more information, please visit www.jbtmarel.com.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
New Jersey Resources (NJR - Free Report) is headquartered in Wall, and is in the Utilities sector. The stock has seen a price change of 21.38% since the start of the year. Currently paying a dividend of $0.47 per share, the company has a dividend yield of 3.39%. In comparison, the Utility - Gas Distribution industry's yield is 2.78%, while the S&P 500's yield is 1.38%.
Looking at dividend growth, the company's current annualized dividend of $1.90 is up 4.1% from last year. Over the last 5 years, New Jersey Resources has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.51%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. New Jersey Resources's current payout ratio is 60%, meaning it paid out 60% of its trailing 12-month EPS as dividend.
NJR is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $3.31 per share, representing a year-over-year earnings growth rate of 1.22%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that NJR is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
New Jersey Resources (NJR - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for New Jersey Resources basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For New Jersey Resources, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for New Jersey ResourcesThis energy services holding company is expected to earn $3.31 per share for the fiscal year ending September 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for New Jersey Resources. Over the past three months, the Zacks Consensus Estimate for the company has increased 5.1%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of New Jersey Resources to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.475 per share. The dividend will be payable on July 1, 2026, to shareowners of record as of June 10, 2026.
NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 30 years.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a diversified energy infrastructure and energy services company headquartered in Wall, New Jersey.
NJR is composed of five primary businesses:
New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. NJR Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as SAVEGREEN®.
For more information about NJR:
www.njresources.com.
Follow us on X.com (Twitter) @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
WALL, N.J.--(BUSINESS WIRE)--In celebration of Earth Day, New Jersey Resources (NYSE: NJR), the parent company of New Jersey Natural Gas (NJNG), announced a $35,000 donation through its Coastal Climate Initiative (CCI) to support The Nature Conservancy's (TNC) Municipal Match-Making for Marsh Restoration and Community Resilience program. The goal of this multiphase project is to support TNC's 2030 goals to restore and improve management of approximately 2,000 acres of salt marsh and reduce clim.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider New Jersey Resources (NJR - Free Report) . This company, which is in the Zacks Utility - Gas Distribution industry, shows potential for another earnings beat.
When looking at the last two reports, this energy services holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 14.91%, on average, in the last two quarters.
For the most recent quarter, New Jersey Resources was expected to post earnings of $0.95 per share, but it reported $1.17 per share instead, representing a surprise of 23.16%. For the previous quarter, the consensus estimate was $0.15 per share, while it actually produced $0.16 per share, a surprise of 6.67%.
Price and EPS Surprise
For New Jersey Resources, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
New Jersey Resources has an Earnings ESP of +18.49% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 4, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
New Jersey Resources (NJR - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on May 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis energy services holding company is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of -7.4%.
Revenues are expected to be $840.97 million, down 7.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for New Jersey Resources?For New Jersey Resources, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +15.72%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that New Jersey Resources will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that New Jersey Resources would post earnings of $0.95 per share when it actually produced earnings of $1.17, delivering a surprise of +23.16%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
New Jersey Resources appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Companhia Paranaense de Energia - Copel Unsponsored ADR (ELPC - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Companhia Paranaense de Energia - Copel Unsponsored ADR is one of 110 companies in the Utilities group. The Utilities group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Companhia Paranaense de Energia - Copel Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ELPC's full-year earnings has moved 215% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ELPC has moved about 31.1% on a year-to-date basis. Meanwhile, stocks in the Utilities group have gained about 8.8% on average. This means that Companhia Paranaense de Energia - Copel Unsponsored ADR is performing better than its sector in terms of year-to-date returns.
New Jersey Resources (NJR - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 20.1%.
For New Jersey Resources, the consensus EPS estimate for the current year has increased 7.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Companhia Paranaense de Energia - Copel Unsponsored ADR belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #90 in the Zacks Industry Rank. This group has gained an average of 9.7% so far this year, so ELPC is performing better in this area.
In contrast, New Jersey Resources falls under the Utility - Gas Distribution industry. Currently, this industry has 13 stocks and is ranked #63. Since the beginning of the year, the industry has moved +7.9%.
Investors with an interest in Utilities stocks should continue to track Companhia Paranaense de Energia - Copel Unsponsored ADR and New Jersey Resources. These stocks will be looking to continue their solid performance.
Wall Street expects a year-over-year increase in earnings on higher revenues when MDU Resources (MDU - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis energy, mining, construction and utilities company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +5%.
Revenues are expected to be $702.32 million, up 4.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 5.56% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for MDU Resources?For MDU Resources, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.80%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that MDU Resources will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that MDU Resources would post earnings of $0.37 per share when it actually produced earnings of $0.37, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
MDU Resources doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Utility - Gas Distribution industry, New Jersey Resources (NJR - Free Report) , is soon expected to post earnings of $1.89 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +7.4%. This quarter's revenue is expected to be $849.72 million, down 6.9% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for New Jersey Resources has been revised 8.3% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that New Jersey Resources will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
NEW YORK--(BUSINESS WIRE)--Metropolitan Commercial Bank (“MCB” or the “Bank”) today announced that Brian Turano and Tom Kasper have joined the Bank to lead its Government Banking efforts in New Jersey, further expanding MCB’s ability to serve municipalities and public entities across the state.
“Brian and Tom know this market well and have built strong relationships over many years,” said Laura Capra, Executive Vice President and Head of Retail Banking at Metropolitan Commercial Bank.
Share Mr. Turano joins as Senior Vice President and Director of Government Banking – New Jersey, and Mr. Kasper joins as Vice President and Relationship Manager for Government Banking – New Jersey. In these roles, they will work closely with municipalities to build relationships, deliver tailored financial solutions, and support day-to-day banking operations.
MCB’s Government Banking platform provides customized deposit and treasury management solutions designed to help public sector clients manage funds efficiently and meet both near- and long-term goals.
Mr. Turano brings more than 25 years of banking experience, most recently serving in a senior government banking role at Citizens Bank. Prior to that, he spent 16 years at Investors Bank, where he focused on building and managing municipal relationships throughout New Jersey.
“I’m excited to join MCB and help grow the Government Banking business in New Jersey,” said Mr. Turano. “There’s a real opportunity to provide responsive, relationship-focused service to municipalities across the state.”
Mr. Kasper brings more than 35 years of experience across retail banking, treasury management, and relationship management, with the past several years focused on government clients. His career includes roles at Citizens Bank, Investors Bank, Peapack-Gladstone Bank, Lakeland Bank, and Unity Bank. He is also active in the community, serving in leadership roles with several New Jersey nonprofit organizations.
“What stood out to me about MCB is its hands-on, client-focused approach,” said Mr. Kasper. “I’m looking forward to getting into the market, building relationships, and helping clients navigate their day-to-day banking needs.”
“Brian and Tom know this market well and have built strong relationships over many years,” said Laura Capra, Executive Vice President and Head of Retail Banking at Metropolitan Commercial Bank. “They bring a practical understanding of what municipalities need and will help us continue building our Government Banking platform in New Jersey.”
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (“MCB”) is a New York City–based, full-service commercial bank serving businesses, institutions, and individuals who value expertise, responsiveness, and long-term partnerships. Since 1999, MCB has built enduring client relationships—many spanning generations—by delivering consistent, relationship-driven banking.
The Bank provides a full suite of commercial, business, and personal banking solutions, with deep expertise in sectors including real estate, property management, legal services, healthcare, government, and global investors utilizing EB-5 financial solutions. MCB combines specialized capabilities with a highly personalized approach, offering integrated solutions such as title and escrow services, 1031 exchanges, and merchant acquiring.
MCB has received national recognition for its performance and innovation, including being named one of Newsweek’s Best Regional Banks in 2024 and 2025 and earning industry recognition for its lending performance and specialized commercial banking capabilities.
MCB operates full-service banking centers in Manhattan and Boro Park, Brooklyn, within New York City; Great Neck on Long Island; Lakewood, New Jersey; and in South Florida, including Miami, with a West Palm Beach location expected to open in June 2026. This expansion reflects the Bank’s continued growth and commitment to the communities and clients it serves—many of whom it has supported for generations.
Metropolitan Commercial Bank is a New York State–chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The Bank’s parent company is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) today reported financial and operating results for its fiscal 2026 second quarter ended March 31, 2026. Financial Highlights: Fiscal 2026 second-quarter consolidated net income of $218.9 million, or $2.17 per share, compared with $204.3 million, or $2.04 per share, in the second quarter of fiscal 2025 Fiscal 2026 second-quarter consolidated net financial earnings (NFE), a non-GAAP financial measure, of $221.5 million, or.
New Jersey Resources (NJR - Free Report) came out with quarterly earnings of $2.2 per share, beating the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +16.40%. A quarter ago, it was expected that this energy services holding company would post earnings of $0.95 per share when it actually produced earnings of $1.17, delivering a surprise of +23.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
New Jersey Resources, which belongs to the Zacks Utility - Gas Distribution industry, posted revenues of $939.4 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 10.55%. This compares to year-ago revenues of $913.03 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
New Jersey Resources shares have added about 21.4% since the beginning of the year versus the S&P 500's gain of 5.6%.
What's Next for New Jersey Resources?While New Jersey Resources has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for New Jersey Resources was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $327.3 million in revenues for the coming quarter and $3.39 on $2.29 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Gas Distribution is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Spire (SR - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This natural gas distributor is expected to post quarterly earnings of $3.78 per share in its upcoming report, which represents a year-over-year change of +5%. The consensus EPS estimate for the quarter has been revised 61.4% lower over the last 30 days to the current level.
Spire's revenues are expected to be $1.08 billion, up 2.3% from the year-ago quarter.
New Jersey Resources is executing a clean energy pivot, allocating over 60% of $4.8–$5.2 billion CapEx through FY2030 to solar-focused Clean Energy Ventures. NJR delivered strong winter-driven Q2 results, beating non-GAAP EPS by $0.30 and revenue by nearly 10%, and raised full-year non-GAAP EPS guidance to $3.48–$3.62. Despite robust operating cash flow growth, NJR's high CapEx outpaces cash generation, requiring increased debt while targeting a 20% adjusted debt-to-capital ratio.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas, (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), announced the appointment of Helen Ayotte as Vice President of Engineering, Construction and Asset Management effective today. Ms. Ayotte will succeed John Wyckoff, Vice President of Energy Delivery, who is retiring on July 1, 2026. In this role, Ms. Ayotte will oversee NJNG's engineering, construction, environmental and asset management functions, ensuring the safe and relia.
