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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.
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JBT Corporation reports record fourth quarter and full year results for 2023, showing significant growth in income, earnings per share, and adjusted EBITDA. The company emphasizes its transition to a pure-play food and beverage technology solutions provider, with strong financial performance and margin expansion. JBT also outlines its 2024 outlook, expecting mid-single-digit organic growth and continued margin expansion through supply chain efficiency initiatives.
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JBT Corporation (NYSE: JBT) is set to announce its Q4 and full year 2023 financial results on February 20, 2024, followed by a conference call on February 21, 2024. The company is a leading global technology solutions provider for the food & beverage industry, with a strong presence in over 25 countries and approximately 5,100 employees worldwide.
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JBT Corporation reported strong 2023 preliminary earnings per share, exceeding guidance, and announced a proposed merger with Marel hf. The merger is expected to create a leading global food and beverage technology solutions provider. JBT also outlined its 2024 guidance, including a voluntary takeover offer for Marel shares.
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JBT Corporation (JBT) Extends Deadline for Voluntary Takeover Offer for Marel hf. (Marel) as Announced by the Financial Supervisory Authority of the Central Bank of Iceland
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JBT Corporation (JBT) proposes to acquire all outstanding common stock of Marel hf. for €3.40 per share, representing a 46% premium to Marel's unaffected closing share price. The proposed offer implies an enterprise value of approximately €3.4 billion for Marel. JBT remains open to further dialogue with the Board of Marel to design a win-win outcome.
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JBT Corporation (NYSE: JBT) declared a quarterly cash dividend of $0.10 per share of outstanding common stock, payable on January 02, 2024. With roughly one-half of its annual revenue from recurring parts, service, rebuilds, and leasing operations, JBT is a leading global technology solutions provider to high-value segments of the food & beverage industry, employing approximately 5,100 people worldwide and operating in more than 25 countries.
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JBT Corporation (JBT) has submitted a non-binding initial proposal to acquire the entire share capital of Marel hf. JBT has received an irrevocable undertaking and entered into exclusivity with respect to the shares owned by Eyrir Invest hf., which holds 24.7% of the shares in Marel. This potential voluntary takeover offer aligns with JBT's strategic plan and M&A objective, aiming for transactions with strong industrial logic and significant synergy potential while maintaining a strong balance sheet and preserving future strategic flexibility.
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JBT Corporation reports strong third-quarter results with increased income and earnings per share. The company also completed the sale of AeroTech, generating a pre-tax book gain of $588 million. The demand environment in Europe and Asia is improving, and the poultry end markets are expected to drive better order activity.
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JBT Corporation to report Q3 2023 financial results
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JBT Corporation (NYSE: JBT) declared a quarterly cash dividend of $0.10 per share of outstanding common stock on August 10, 2023. The dividend will be payable on September 5, 2023, to stockholders of record at the close of business on August 21, 2023. JBT is a leading global technology solutions provider to high-value segments of the food & beverage industry, employing approximately 5,200 people worldwide and operating in more than 25 countries.
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FAQ
What is the current stock price of John Bean Technologies Corporation (JBT)?
The current stock price of John Bean Technologies Corporation (JBT) is $124.78 as of December 20, 2024.
What is the market cap of John Bean Technologies Corporation (JBT)?
The market cap of John Bean Technologies Corporation (JBT) is approximately 4.0B.
What does John Bean Technologies Corporation (JBT) specialize in?
JBT specializes in integrated food processing solutions, offering a range of equipment and systems for freezing, processing, and packaging food products.
What are some key areas of JBT's FoodTech solutions?
Key areas include freezer solutions, protein processing solutions, in-container processing, fruit and juice processing, and automatic guided vehicles.
Who are JBT's main clients?
JBT markets its solutions and services to multinational and regional industrial food processing companies.
What makes JBT a leader in the food processing industry?
JBT's innovative technology, comprehensive product offerings, and commitment to quality and efficiency make it a leader in the industry.
How does JBT enhance the value of food products?
JBT enhances value by improving quality, nutrition, and taste through advanced processing techniques and equipment.
What recent projects is JBT involved in?
JBT is continuously involved in projects that focus on enhancing food safety, efficiency, and sustainability in food processing.
How does JBT contribute to food safety?
JBT's advanced processing equipment ensures high standards of hygiene and safety in food production.
What financial performance has JBT shown recently?
JBT has demonstrated robust financial performance with steady growth, driven by its commitment to innovation and operational excellence.
Does JBT offer customized solutions?
Yes, JBT provides both customized and turnkey solutions tailored to the specific needs of its clients.
Where can I find the latest news about JBT?
You can find the latest updates and news about JBT in the Latest News section on our website.
John Bean Technologies Corporation
NYSE:JBT
JBT Rankings
JBT Stock Data
3.95B
31.42M
1.28%
112.78%
8.65%
Specialty Industrial Machinery
Special Industry Machinery (no Metalworking Machinery)
United States of America
CHICAGO