JBT Marel spends more than $100 million annually on logistics, with roughly 60% to 65% tied to inbound and intercompany activity, according to Deck. Protein Solutions adjusted EBITDA margins improved from a year earlier, helped by poultry volume leverage, synergies and continuous-improvement efforts. JBT Marel recorded a non-cash impairment charge during the quarter to write off intangibles related to its 2021 acquisition of Provenio. JBT Marel generated $179 million in year-to-date free cash flow, equivalent to 58% conversion of adjusted EBITDA. About JBT Marel (NYSE:JBTM)JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.