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.

Earnings data Q1 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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Oshkosh

Vehicles and equipment maker Oshkosh Corp. OSK, -0.22% announced Tuesday an agreement to pay $800 million in cash to buy John Bean Technologies Corp.'s JBT, +2.75% AeroTech business. Shares of both Oshkosh and JBT were still inactive in the premarket.

Oshkosh to pay $800 million to buy John Bean Technologies' AeroTech business to enter the air transportation support market

OSHKOSH, Wis.--(BUSINESS WIRE)---- $OSK #OshkoshCorporation--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today announced that it has entered into a definitive agreement to acquire the AeroTech business (“AeroTech”) from JBT Corporation (NYSE: JBT) in an $800 million all-cash transaction. When adjusted for the present value of expected tax benefits of approximately $80 million, the purchase price is $720 million. This represents approximately 9x earnings before interest, tax.

Oshkosh Corporation to Acquire AeroTech Business from JBT Corporation, Adding Market Leader in Attractive Air Transportation Support Sector

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT) today announced that it has entered into a definitive agreement to sell its AeroTech business to Oshkosh Corporation (NYSE: OSK) in an all-cash transaction valued at $800 million, subject to customary post-closing items. “As we signaled during our Investor Day in March of 2022, the divestiture of AeroTech supports our strategy to become a pure-play food and beverage solutions provider,” said Brian Deck, President and Chief Executive Officer.

JBT Corporation Announces Definitive Agreement to Sell its AeroTech Business

John Bean Technologies Corporation (JBT) Q1 2023 Earnings Call Transcript.

John Bean Technologies Corporation (JBT) Q1 2023 Earnings Call Transcript

John Bean (JBT) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.87 per share a year ago.

John Bean (JBT) Tops Q1 Earnings and Revenue Estimates

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the first quarter of 2023. "JBT outperformed our first quarter expectations primarily driven by stronger recurring revenue and higher shipments as supply chain dynamics improved," said Brian Deck, President and Chief Executive Officer. "At FoodTech, we continue to see a high level of customer engagement with.

JBT Corporation Reports First Quarter 2023 Results

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading technology solutions provider to the global food and beverage industry, today published its 2022 Environmental, Social, and Governance (ESG) Report, “Sustainable Solutions for a Growing World.” The report outlines key accomplishments as a result of JBT's long tradition of partnering with customers to optimize resources, prioritize health and safety, and create a diverse and inclusive culture.

JBT Releases 2022 Environmental, Social, and Governance (ESG) Report

A healthy order backlog and a strong mix of recurring revenue should benefit the top line. The company is improving its bottom line by restructuring its cost structure.

John Bean Technologies: A Recipe For Success

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT) will report first quarter 2023 financial results after the market closes on Tuesday, April 25, 2023. A conference call is scheduled for 10:00 a.m. ET on Wednesday, April 26, 2023.

JBT Corporation Announces First Quarter 2023 Earnings Release and Conference Call Schedule

John Bean Technologies (JBT) is likely to benefit from solid backlog levels, a strategic acquisition program and innovative products. High costs and supply-chain disruption remain headwinds.

Solid Backlog, Buyouts Aid John Bean (JBT) Amid Cost Woes

John Bean (JBT) reports year-over-year improvement in fourth-quarter revenues and earnings.

John Bean (JBT) Earnings Beat Estimates in Q4, Sales Rise Y/Y

John Bean Technologies Corporation (NYSE:JBT ) Q4 2022 Earnings Conference Call February 21, 2023 11:00 AM ET Company Participants Kedric Meredith - Vice President of Corporate Development and Investor Relations Brian Deck - Chief Executive Officer Matt Meister - Chief Financial Officer Conference Call Participants Walt Liptak - Seaport Research Lawrence De Maria - William Blair Operator Good morning, and welcome to JBT Corporation's Fourth Quarter and Full-Year 2022 Earnings Conference Call. My name is Chris, and I'll be your conference operator today.

John Bean Technologies Corporation (JBT) Q4 2022 Earnings Call Transcript

JBT (JBT) delivered earnings and revenue surprises of 3.47% and 0.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

John Bean (JBT) Tops Q4 Earnings and Revenue Estimates

Fourth Quarter 2022 Highlights: Consolidated revenue of $599 million increased 20 percent year over year Earnings per share of $1.17 and adjusted earnings per share of $1.49, a year-over-year increase of 18 percent and 60 percent, respectively Total backlog of $1.1 billion increased 5 percent year over year   Full Year 2022 Highlights: Consolidated revenue of $2.2 billion increased 16 percent from 2021 Earnings per share of $4.07 and adjusted earnings per share of $4.77, a year-over-year increase of 10 percent and 18 percent, respectively Introduced the Elevate 2.0 strategy, positioning JBT for continued profitable growth Completed two strategic acquisitions, Bevcorp and Alco, which are highly complementary with FoodTech's diverse products and solutions CHICAGO , Feb. 21, 2023 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the fourth quarter and full year 2022. "JBT achieved double-digit revenue and earnings per share growth in 2022 in a year marked by rapid inflation and supply chain challenges," said Brian Deck, President and Chief Executive Officer.

JBT Corporation Reports Fourth Quarter and Full Year 2022 Results

CHICAGO , Feb. 9, 2023 /PRNewswire/ -- JBT Corporation (NYSE: JBT) will report fourth quarter and full year 2022 financial results before the market opens on Tuesday, February 21, 2023. A conference call is scheduled for 11:00 a.m.

JBT Corporation Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call Schedule

John Bean Technologies Corporation (NYSE:JBT ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Kedric Meredith - VP, Corporate Development and IR Brian Deck - CEO Matt Meister - CFO Conference Call Participants Mircea Dobre - Baird Lawrence De Maria - William Blair Operator Good morning, and welcome to the JBT Corporation's Third Quarter 2022 Earnings Conference Call. My name is Colby, and I'll be your conference operator today.

John Bean Technologies Corporation (JBT) Q3 2022 Earnings Call Transcript

John Bean (JBT) reports year-over-year improvement in Q3 revenues and earnings. The company however witnessed a decline in its order levels.

John Bean (JBT) Q3 Earnings Surpass Estimates, Increase Y/Y

JBT (JBT) delivered earnings and revenue surprises of 4.10% and 0.97%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

John Bean (JBT) Q3 Earnings Surpass Estimates

Third Quarter 2022 Highlights: Consolidated revenue of $555 million, representing a 16 percent increase year over year Earnings per share of $1.07 and adjusted earnings per share of $1.27, which represent a year over year increase of 18 percent and 25 percent, respectively Total backlog of $1.0 billion increased 15 percent year over year Completed Alco and Bevcorp acquisitions, expanding JBT's presence in protein processing and carbonated beverage applications, respectively CHICAGO , Oct. 26, 2022  /PRNewswire/ -- 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 2022. "In the third quarter, we delivered sequential improvement in revenue and margins for both FoodTech and AeroTech despite the continued challenging operating environment," said Brian Deck, President and Chief Executive Officer.

JBT Corporation Reports Third Quarter 2022 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: Should You Buy?

CHICAGO , Oct. 13, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT) will report third quarter 2022 financial results after the market closes on Wednesday, October 26, 2022. A conference call is scheduled for 10:00 a.m.

JBT Corporation Announces Third Quarter 2022 Earnings Release and Conference Call Schedule

John Bean Technologies Corporation has seen a huge pullback over the past year, after expectations had run away last year. John Bean Technologies' appeal is alluring, if not for a relatively large and pricey recent deal.

John Bean Technologies: No Harvesting Time

John Bean Technologies (JBT) concludes the Bevcorp buyout, fortifying its footprint in the beverage processing and packaging market.

John Bean Technologies (JBT) Closes Bevcorp Buyout for $290M

CHICAGO , Sept. 1, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a global technology solutions provider to high-value segments of the food and beverage industry, announced today it has completed the previously announced acquisition of Bevcorp.

JBT Corporation Completes Bevcorp Acquisition

CHICAGO , Aug. 18, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a global technology solutions provider to high-value segments of the food and beverage industry, announced today that Carlos Fernandez has been appointed Executive Vice President, Customer Sustainability and Market Development. Concurrently, Augusto Rizzolo has been promoted to Executive Vice President and President, Diversified Food and Health, a division of the company's FoodTech segment.

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