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 Q1 2023

Earnings data Q2 2023

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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CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Financial Supervisory Authority of the Central Bank of Iceland (FSA) has granted an extension of the expiration of JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). The extension was granted to accommodate the regulatory reviews by the European Commission (E.C.

JBT Corporation Announces Extension of Voluntary Takeover Offer for All Marel hf. Shares to Accommodate Final Regulatory Review Process

John Bean Technologies Corporation (NYSE:JBT ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Marlee Spangler - Director, Investor Relations Brian Deck - President and Chief Executive Officer Matthew Meister - Executive Vice President and Chief Financial Officer Conference Call Participants Mircea Dobre - Robert W. Baird & Co., Inc. Ross Sparenblek - William Blair & Company Walter Liptak - Seaport Global Securities LLC Operator Good morning, and welcome to JBT Corporation's Third Quarter 2024 Earnings Conference Call.

John Bean Technologies Corporation (JBT) Q3 2024 Earnings Call Transcript

JBT's Q3 earnings results reflect the impacts of volume growth, gains from restructuring actions and supply-chain cost savings.

John Bean Q3 Earnings & Revenues Beat Estimates, Increase Y/Y

John Bean (JBT) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.11 per share a year ago.

John Bean (JBT) Tops Q3 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 third quarter of 2024. "We are pleased with our third quarter execution, which enabled record quarterly revenue, adjusted EBITDA, and adjusted EPS from continuing operations," said Brian Deck, President and Chief Executive Officer. "Additionally, we experienced continued recovery in demand from our global.

JBT Corporation Reports Strong Third Quarter 2024 Results and Reiterates Full Year 2024 Guidance for Revenue, Adjusted EBITDA, and Adjusted EPS

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT) will report third quarter 2024 financial results after the market closes on Tuesday, October 22, 2024. A conference call is scheduled for 10:00 AM ET on Wednesday, October 23, 2024. Please register in advance to participate in the conference call: Conference Call Registration Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access t.

JBT Corporation Announces Third Quarter 2024 Earnings Release and Conference Call Schedule

John Bean Technologies (JBT, Financial) experienced a notable stock movement, with its price rising by 0.67% to reach $100.00 per share. The trading volume stood at 188,290 shares, with a turnover rate of 0.59% and a price fluctuation amplitude of 2.28%.

John Bean Technologies (JBT) Sees Rapid Stock Increase Driven by Strong Financial Performance

JBT announces that Iceland's financial regulator has granted an extension to the expiration of its takeover offer for Marel.

John Bean's Marel Takeover Extended by Iceland Regulator

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Financial Supervisory Authority of the Central Bank of Iceland (FSA) has granted an extension of the expiration of JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). The extension was granted as JBT and Marel continue to pursue the requisite regulatory approvals.

JBT Corporation Announces Extension of Voluntary Takeover Offer for All Marel hf. Shares

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT) announced that on August 8, 2024, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on September 3, 2024, to stockholders of record at the close of business on August 19, 2024. JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT designs, produces and services sophistica.

JBT Corporation Declares Quarterly Dividend

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that its shareholders voted to approve the issuance of shares of JBT common stock in connection with JBT's pending combination with Marel hf. (ICL: Marel) at the special meeting of shareholders held earlier today. “We are pleased with the outcome of today's special meeting and extend our appreciation to our shareholders f.

JBT Corporation Shareholders Approve Combination with Marel hf.

John Bean (JBT) expects adjusted earnings per share between $5.05 and $5.35 for 2024, compared with the prior stated $5.05-$5.45.

John Bean (JBT) Q2 Earnings Miss Estimates, Revenues Dip Y/Y

John Bean Technologies Corporation (NYSE:JBT ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 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 Meg Dobre - RW Baird Sam Karlov - William Blair Operator Good morning, and welcome to JBT Corporation Second Quarter 2024 Earnings Conference Call. My name is Krista, and I will be your conference operator today.

John Bean Technologies Corporation (JBT) Q2 2024 Earnings Call Transcript

John Bean (JBT) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $0.97 per share a year ago.

John Bean (JBT) Q2 Earnings and Revenues Miss 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 second quarter of 2024. "As expected, JBT's second quarter orders improved sequentially driven primarily by an initial recovery in equipment demand from North American poultry customers and continued strength in warehouse automation," said Brian Deck, President and Chief Executive Officer. "Our second qua.

JBT Corporation Reports Second Quarter 2024 Results and Updates Full Year 2024 Guidance

JBT (JBT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will JBT (JBT) Beat Estimates Again in Its Next Earnings Report?

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT) will report second quarter 2024 financial results after the market closes on Tuesday, July 30, 2024. A conference call is scheduled for 11:00 a.m. ET on Wednesday, July 31, 2024. Please register in advance to participate in the conference call: Conference Call Registration Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access the.

JBT Corporation Announces Second Quarter 2024 Earnings Release and Conference Call Schedule

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today published its 2023 Environmental, Social, Governance (ESG) Report, “Fortify the Future of Food.” The report details key accomplishments resulting from JBT's strategic focus on prioritizing employee health and safety, fostering a diverse and inclusive culture, and partnering with customers to optimize resources. “Our world is ever-c.

JBT Releases 2023 Environmental, Social, and Governance (ESG) Report

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John Bean (JBT) expects to close the Marel deal by the end of 2024, creating a combined company, JBT Marel Corporation, with estimated revenues of around $4 billion.

John Bean's (JBT) Marel Offer Gets Iceland Regulator's Approval

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) has approved the offer document and prospectus related to JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). JBT will officially launch the offer on Monday, June 24, 2024. Voluntary T.

JBT Corporation Announces the Approval of Required Documents to Launch the Voluntary Takeover Offer for Marel hf.

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that it expects the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) to imminently approve the offer document and prospectus related to JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). Following the FSA's approval of the required documents.

JBT Corporation Schedules a Joint Conference Call to Discuss the Voluntary Takeover Offer to Acquire All Outstanding Marel hf. Shares

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

JBT (JBT) Up 5.3% Since Last Earnings Report: Can It Continue?

John Bean (JBT) is likely to gain from its expected savings from restructuring actions and a pending merger with Marel despite high costs.

John Bean (JBT) Stock Dips 9% in a Year: Will It Bounce Back?

John Bean (JBT) reports a year-over-year improvement in Q1 earnings, courtesy of strong operational performance and the execution of its supply-chain initiatives.

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