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John Bean Technologies Corporation (JBT) is a recognized leader in the food processing solutions sector. With a primary focus on creating integrated systems, JBT enhances the value and quality of food products through innovative technology. The company’s offerings span from single machines to comprehensive processing lines, catering to both multinational and regional industrial food processing companies.
JBT's FoodTech solutions encompass a wide range of applications, including:
- Freezer Solutions: Advanced freezing and chilling systems for a variety of products such as meat, seafood, poultry, ready-to-eat meals, fruits, vegetables, dairy, and bakery items.
- Protein Processing Solutions: Equipment for portioning, coating, frying, and cooking poultry, meat, seafood, vegetable, and bakery products, ensuring optimal quality and taste.
- In-Container Processing Solutions: Systems for filling, closing, and sterilizing fruits, vegetables, soups, sauces, dairy, and pet food products, as well as ready-to-eat meals in modern packaging formats.
- Fruit and Juice Processing Solutions: Technology for extracting, concentrating, and aseptically processing citrus, tomato, and other fruits, vegetables, and juices.
- Automatic Guided Vehicles (AGVs): Advanced automated systems for material handling and transportation within industrial environments.
JBT has been a pivotal player in the food and beverage industry, offering both customized and turnkey solutions that address the evolving needs of its clients. The company continues to innovate and expand its portfolio with recent projects and partnerships aimed at enhancing food safety, efficiency, and sustainability.
Financially, JBT has demonstrated robust performance with steady growth, driven by its commitment to research and development, customer service, and operational excellence. The company’s latest initiatives and technological advancements position it as a key contributor to the global food processing industry.
For the latest updates and news on JBT, including recent achievements and ongoing projects, visit our Latest News section below.
JBT (NYSE: JBT) announced that it expects the Icelandic Financial Supervisory Authority to approve documents related to its voluntary takeover offer for all shares of Marel hf. (ICL: Marel). Upon approval, JBT will launch the offer and hold a joint conference call with Marel on June 20, 2024, at 10:00 AM Eastern Time to discuss the benefits of the transaction for customers and shareholders.
JBT’s CEO, Brian Deck, highlighted the complementary nature of the two companies, which serve the global food and beverage processing industry. A detailed presentation on synergy opportunities and value creation will be provided. In addition, an in-person investor meeting will be held in Iceland on June 24, 2024, with live streaming available.
JBT (NYSE: JBT) declared a quarterly cash dividend of $0.10 per share on May 10, 2024. The dividend will be payable on June 6, 2024, to stockholders of record as of May 23, 2024. JBT is a global technology solutions provider in the food & beverage industry, employing 5,100 people worldwide.
JBT reported first quarter 2024 results with revenue of $392 million, a 1% increase. Adjusted EPS increased by 39%. The company executed a transaction agreement with Marel hf., expecting annual cost synergies of over $125 million within three years. JBT plans to close the transaction with Marel by the end of 2024. Full year guidance includes solid revenue growth and margin expansion.
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