John Bean Technologies

John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The JBT FoodTech segment designs, manufactures, and services technologically food processing systems for the preparation of meat, seafood and poultry products, ready-to-eat meals, shelf stable packaged foods, bakery products, juice and dairy products, and fruit and vegetable products. The JBT AeroTech segment supplies customized solutions and services used for applications in the air transportation industry, including airport authorities, airlines, airfreight, ground handling companies, the military, and defense contractors. The company was founded on May 12, 1994 and is headquartered in Chicago, IL.

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JBT achieves double-digit growth, eyes AeroTech sale for specialization

JBT's 2022 earnings call highlighted stellar financial performance, strategic initiatives for growth, and a commitment to sustainability. The company's focus on enhancing profitability in AeroTech and exploring options for the segment's future signals a proactive approach to maximizing shareholder value.

JBT Corporation posts strong Q1 results, eyes growth opportunities

JBT Corporation's Q1 2023 performance reflects solid revenue growth, margin improvements, and a commitment to sustainability.
While facing challenges in market uncertainties and strategic decisions, JBT has opportunities for growth through strong order trends and innovative solutions.
With a positive outlook for Q2 2023 and full-year guidance, JBT remains well-positioned to capitalize on market opportunities and drive continued success.

JBT transforms into pure-play food tech, eyes strategic growth

JBT Corporation delivered a strong performance in Q2 2023, benefiting from the sale of AeroTech and focusing on its core food and beverage technology business.
While facing short-term challenges in Q3, the company remains optimistic with solid financial metrics, strategic guidance, and plans for market expansion.
By capitalizing on its strengths, addressing challenges effectively, and seizing growth opportunities, JBT is poised for continued success and value creation for stakeholders.
Investors should monitor JBT's execution of strategic M&A, market positioning, and financial performance to assess its long-term growth prospects and competitive strength.

JBT reports solid Q3 earnings, eyes sustainability and global growth

JBT's Q3 performance showed revenue growth, strong margins, and positive adjusted EBITDA growth. Despite economic uncertainty, the company remains cautiously optimistic and is focused on capitalizing on opportunities in sustainability and global markets.

JBT reports robust 2023 results, eyes transformative merger with Marel

JBT's strong 2023 performance, driven by revenue growth and EBITDA expansion, sets a positive trajectory for future growth.
The planned merger with Marel holds the promise of significant cost synergies and value creation for stakeholders.
While facing challenges like regulatory approvals and market dynamics, JBT is well-positioned to leverage opportunities for growth and efficiency.

JBT Corporation reports steady Q1 growth amidst Marel merger

JBT Corporation's Q1 2024 performance showed steady revenue growth and operational enhancements.
While facing challenges in North America, the company is poised to benefit from the Marel merger and restructuring savings.
Opportunities lie in leveraging strong order trends in select regions and sectors for future growth.

JBT reports strong Q2 orders, revenue challenges, eyes merger synergies

JBT's Q2 performance showcased strong orders but revenue challenges, with a focus on improving margins. The company anticipates growth opportunities through order conversion and the proposed merger with Marel, while addressing industry-specific challenges.

John Bean Technologies (JBT) reports robust Q3 performance and eyes market expansion

JBT's Q3 performance showcased strong revenue growth, margin expansion, and solid financial metrics. The company's focus on automation solutions, recurring revenue models, and market recovery bode well for future growth. Challenges in pension obligations and merger integration require careful management, while opportunities in the poultry market and aftermarket services offer avenues for expansion.

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CHICAGO, Dec. 7, 2021 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, announced today that it has increased the size of its Board of Directors to ten members and elected Charles ("Chuck") L. Harrington to the Board effective January 1, 2022.

JBT Announces the Appointment of New Director

CHICAGO, Dec. 1, 2021 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced that on December 1, 2021 its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on December 27, 2021 to stockholders of record at the close of business on December 13, 2021.

JBT Corporation Declares Quarterly Dividend and Announces Share Repurchase Program

John Bean Technologies (JBT) to benefit from strong order levels, strategic acquisition program and innovative products. High costs and supply chain disruption remain headwinds.

John Bean (JBT) Bets on Orders & Acquisitions Amid High Costs

CHICAGO, Nov. 2, 2021 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a global technology solutions provider to high-value segments of the food and beverage industry, announced today it has acquired Urtasun Tecnología Alimentaria S.L., a provider of fruit and vegetable processing solutions.

JBT Corporation Acquires Urtasun Tecnología Alimentaria S.L.

John Bean Technologies' (JBT) CEO Brian Deck on Q3 2021 Results - Earnings Call Transcript

John Bean (JBT) Q3 results reflect the impact of higher demand and inflated costs, and supply chain disruptions. Owing to these headwinds, the company lowered its earnings per share guidance for 2021.

John Bean (JBT) Q3 Earnings Miss Estimates, Trims '21 View

JBT (JBT) delivered earnings and revenue surprises of -14.29% and -4.29%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

John Bean (JBT) Q3 Earnings and Revenues Lag Estimates

CHICAGO, Oct. 27, 2021 /PRNewswire/ -- Highlights:  Revenue of $477 million and earnings per share of $0.91, or $1.02 as adjusted Orders increased 24 percent year over year with expansion at FoodTech and AeroTech Generated strong operating cash flow of $33 million and free cash flow of $32 million Adjusting full-year guidance to reflect impact from supply chain disruptions and labor challenges JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the third quarter of 2021. "JBT continued to enjoy robust demand for our products and services in the third quarter of 2021," said Brian Deck, President and Chief Executive Officer.

JBT Corporation Reports Third Quarter 2021 Results

JBT (JBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

John Bean (JBT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

CHICAGO, Oct. 14, 2021 /PRNewswire/ -- JBT Corporation (NYSE: JBT) will report third quarter 2021 financial results after the market closes on Wednesday, October 27, 2021. A conference call is scheduled for 10:00 a.m.

JBT Corporation Announces Third Quarter 2021 Earnings Release and Conference Call Schedule

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CHICAGO, Sept. 24, 2021 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a global technology solutions provider to high-value segments of the food and beverage industry, announced today the promotion of Robert "Bob" Petrie effective October 7 th to the position of Executive Vice President and President, Protein.

JBT Corporation Appoints Robert Petrie as Executive Vice President and President, Protein

Does John Bean (JBT) have what it takes to be a top stock pick for momentum investors? Let's find out.

John Bean (JBT) is a Great Momentum Stock: Should You Buy?

John Bean's (JBT) encouraging Q2 results, solid order levels, focus on strategic buyouts and cost-cutting efforts are contributing to its share-price rally.

John Bean (JBT) Scales 52-Week High: More Upside Left?

John Bean Technologies (JBT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How John Bean Technologies (JBT) Stock Stands Out in a Strong Industry

Improvement in order levels, strategic acquisition program and innovative products remain key growth drivers for John Bean Technologies (JBT).

John Bean (JBT) Bets on Robust Order Levels and Acquisitions

John Bean Technologies Corporation (JBT) CEO Brian Deck on Q2 2021 Results - Earnings Call Transcript

John Bean (JBT) delivers improved second-quarter 2021 results aided by upbeat performance at its segments. Backed by record orders witnessed in the quarter, it raised its guidance for 2021.

John Bean (JBT) Q2 Earnings Top Estimates, Hikes '21 View

JBT (JBT) delivered earnings and revenue surprises of 19.00% and 5.04%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

John Bean (JBT) Surpasses Q2 Earnings and Revenue Estimates

Shares of John Bean Technologies (NYSE:JBT) decreased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 9.17% year over year to $1.19, which beat the estimate of $1.00.

John Bean Technologies: Q2 Earnings Insights

CHICAGO, July 27, 2021 /PRNewswire/ -- Highlights:  Revenue of $476 million and earnings per share of $0.95, or $1.19 as adjusted, exceeded expectations Record orders increased 68 percent year over year and 19 percent sequentially with an expanding backlog Generated strong operating cash flow of $45 million and free cash flow of $35 million Completed acquisition of Prevenio in early July Adjusting full-year guidance to reflect robust commercial activity, increased cost pressures and supply chain disruptions JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the second quarter of 2021. "While macro pressures associated with material inflation, supply chain and logistics disruptions, and higher labor costs intensified in the second quarter, we outperformed our expectations in terms of revenue and earnings and generated record orders," said Brian Deck, President and Chief Executive Officer.

JBT Corporation Reports Second Quarter 2021 Results

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Here's Why John Bean (JBT) is a Strong Growth Stock

John Bean Technologies (NYSE:JBT) announces its next round of earnings this Tuesday, July 27. Here is Benzinga's everything-that-matters guide for this Tuesday's Q2 earnings announcement.

Earnings Outlook For John Bean Technologies

JBT (JBT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

John Bean (JBT) Expected to Beat Earnings Estimates: Should You Buy?

CHICAGO, July 14, 2021 /PRNewswire/ -- JBT Corporation (NYSE: JBT) will report second quarter 2021 financial results after the market closes on Tuesday, July 27, 2021. A conference call is scheduled for 10:00 a.m.

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