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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Earnings data Q4 2023

Earnings data Q1 2024

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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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Second Quarter 2022 Highlights: Revenue of $542 million, representing a 14 percent increase year over year Earnings per share of $1.04, or $1.13 as adjusted Total backlog of $1.1 billion increased 25 percent year over year Bevcorp Highlights Bevcorp is a leading provider of beverage processing and packaging solutions Purchase price of $290 million before tax benefit of approximately $35 million Full year 2022 expected revenue and EBITDA of approximately $85 million and $20 million, respectively CHICAGO , July 27, 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 second quarter of 2022. The Company also announced it has signed a definitive agreement to acquire Bevcorp, a leading provider of beverage processing and packaging solutions.

JBT Corporation Reports Second Quarter 2022 Results and Signs Definitive Agreement to Acquire Bevcorp

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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.

Earnings Preview: John Bean (JBT) Q2 Earnings Expected to Decline

CHICAGO , July 14, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT) will report second quarter 2022 financial results after the market closes on Wednesday, July 27, 2022. A conference call is scheduled for 10:00 a.m.

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

John Bean's (JBT) latest buyout strengthens its product offering in further processing, mainly expanding convenience meal lines and alternative and plant-based protein technology.

John Bean (JBT) Buys Alco, Expands Growth in Food Processing

CHICAGO , July 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 acquired Alco-food-machines GmbH & Co. KG (Alco), a leading provider of further food processing solutions and production lines. "Alco has been a family business for generations and over time has built an excellent reputation in the market for providing leading further processing technology solutions with strong ties in the DACH region," said Brian Deck, President and Chief Executive Officer.

JBT Corporation Acquires Alco-food-machines

JBT (JBT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

JBT (JBT) Moves 8.1% Higher: Will This Strength Last?

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Why John Bean (JBT) is a Top Growth Stock for the Long-Term

JBT (JBT) reported earnings 30 days ago. What's next for the stock?

Why Is JBT (JBT) Up 2.2% Since Last Earnings Report?

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 Order Trends, Buyouts Amid Cost Woes

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Why John Bean (JBT) is a Top Value Stock for the Long-Term

John Bean Technologies Corporation (NYSE:JBT ) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Kedric Meredith - Vice President, Corporate Development and Investor Relations Brian Deck - Chief Executive Officer Matt Meister - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Michael McGinn - Wells Fargo John Joyner - BMO Steve Tusa - JP Morgan Emily Shu - Bank of America Larry De Maria - William Blair Operator Good morning, and welcome to JBT Corporation's First Quarter 2022 Earnings Conference Call. My name is David, and I will be your conference operator today.

John Bean Technologies Corporation (JBT) CEO Brian Deck on Q1 2022 Results - Earnings Call Transcript

John Bean (JBT) Q1 results reflect the impact of higher demand and inflated costs and supply chain disruptions.

John Bean (JBT) Revenues and Earnings Beat Estimates in Q1

JBT (JBT) delivered earnings and revenue surprises of 55.36% and 6.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

John Bean (JBT) Beats Q1 Earnings and Revenue Estimates

First Quarter 2022 Highlights: Achieved orders of $566 million, representing a 16% increase year over year Revenue of $469 million and earnings per share of $0.80, or $0.87 as adjusted  Record backlog of $1.1 billion increased 43% year over year  Hosted an Investor Day in March and introduced the Elevate 2.0 strategy CHICAGO , April 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 first quarter of 2022. "Our first quarter orders and record backlog demonstrate the strong demand environment for our products and solutions," said Brian Deck, President and Chief Executive Officer.

JBT Corporation Reports First Quarter 2022 Results

John Bean Technologies (JBT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for John Bean Technologies (JBT) This Earnings Season?

John Bean should benefit from post-COVID tailwinds in its two key business segments – FoodTech and AeroTech. Alongside its digital rollout, JBT's automation efforts are paying off amid a tightening post-COVID labor market.

John Bean Technologies: Quality Compounder With A Catalyst

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

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

CHICAGO , April 11, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today published its 2021 ESG Report, "Make it BETTER," outlining key achievements in four focus areas: Sustainable Solutions, Operations, People, and Governance. JBT's purpose is to help our customers succeed in the marketplace by providing them with solutions to make better use of the world's precious resources.

JBT Corporation Issues Its First Comprehensive Environmental, Social, and Governance (ESG) Report

JBT (JBT) Up 11.2% Since Last Earnings Report: Can It Continue?

Next Phase of Growth Focuses on Digital Transformation, Automation, and Sustainable Solutions CHICAGO , March 24, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, is hosting an Investor Day today in New York City. During the event, the Company will provide an in-depth presentation of the Elevate 2.0 strategy and medium-term financial targets.

JBT Corporation Announces Elevate 2.0 Strategy and Financial Targets at Investor Day

CHICAGO, March 9, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, will host an investor day in New York City on Thursday, March 24, 2022, from 12:30 to 3:30 p.m. ET.   At the event, the JBT management team will introduce the Elevate 2.0 strategy.

JBT Corporation to Host Investor Day on March 24, 2022

John Bean (JBT) is a Top-Ranked Growth Stock: Should You Buy?

JBT Corporation (JBT) CEO Brian Deck on Q4 2021 Results - Earnings Call Transcript

John Bean (JBT) Q4 results reflect the impact of higher demand and inflated costs and supply chain disruptions.

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