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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 Corporation (NYSE: JBT) reported strong results for Q1 2023, with consolidated revenue of $530 million, a 13% increase compared to the previous year. Net income remained stable at $26 million, maintaining earnings per share (EPS) at $0.80. Adjusted EBITDA rose by 30% to $70 million, while adjusted EPS increased 7% to $0.94. The backlog is at a substantial $1.2 billion, supported by orders worth $638 million, reflecting increases of 5% and 13% year-over-year, respectively. The FoodTech segment contributed $389 million to the revenue, up 9%, while AeroTech saw a remarkable 25% revenue surge to $141 million. JBT expects continued growth, with full-year revenue guidance set between 7% and 10%.
JBT Corporation (NYSE: JBT) will announce its first quarter 2023 financial results after market closure on April 25, 2023. Investors can join a conference call on April 26, 2023, at 10:00 a.m. ET, with registration required for participation. This information will also be available via a simultaneous webcast. JBT is a leading global technology solutions provider focusing on the food & beverage industry through its FoodTech segment and on air transportation through its AeroTech segment. The company operates in over 25 countries and employs approximately 7,200 people worldwide.
JBT Corporation (NYSE: JBT) declared a quarterly cash dividend of
JBT Corporation (NYSE: JBT) reported strong financial results for Q4 and FY 2022, with consolidated revenue reaching $599 million, a 20% year-over-year increase. Q4 EPS was $1.17, while adjusted EPS surged 60% to $1.49. For FY 2022, total revenue hit $2.2 billion, up 16%. The company completed two strategic acquisitions, Bevcorp and Alco, enhancing its FoodTech offerings. JBT's backlog grew to $1.1 billion, signaling sustained demand. Looking ahead to 2023, JBT expects ongoing revenue growth, with FoodTech projected to increase 5-9%.
JBT Corporation (NYSE: JBT) will announce its fourth quarter and full year 2022 financial results on February 21, 2023, before market opening. A conference call is set for 11:00 a.m. ET the same day. Interested participants must register in advance to receive dial-in details. The call will be available via a live webcast, and a replay will be accessible shortly after the event. JBT is a leading global technology solutions provider for the food and beverage industry, employing around 7,200 people and operating in over 25 countries.
JBT Corporation (NYSE: JBT) declared a quarterly cash dividend of $0.10 per share on December 7, 2022. This dividend is scheduled for payment on January 2, 2023, to stockholders of record by December 19, 2022. JBT Corporation is a global technology solutions provider, serving high-value segments in the food & beverage industry as well as air transportation. The company employs around 7,200 people across more than 25 countries.
JBT Corporation reported a consolidated revenue of $555 million for Q3 2022, representing a 16% increase year over year. Earnings per share (EPS) rose to $1.07, with adjusted EPS at $1.27, showing increases of 18% and 25%, respectively. JBT also completed acquisitions of Alco and Bevcorp, expanding its market presence in protein processing and carbonated beverages. Despite macroeconomic uncertainties affecting customer investment timelines, JBT maintained a total backlog of $1.0 billion, up 15% year over year.
JBT Corporation (NYSE: JBT) will release its third quarter 2022 financial results after market close on October 26, 2022. A conference call to discuss the results is scheduled for 10:00 a.m. ET on October 27, 2022. Participants must register in advance to receive dial-in information, while a listen-only webcast will also be available. JBT is a global technology solutions provider focusing on the food & beverage and air transportation sectors, employing approximately 7,200 people across more than 25 countries.
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