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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) has declared a quarterly cash dividend of $0.10 per share, payable on June 9, 2022, to stockholders of record by May 26, 2022. This dividend announcement reflects the company’s ongoing commitment to return value to its shareholders. JBT operates in the food & beverage industry, focusing on protein and liquid food segments, and employs approximately 6,800 people worldwide across more than 25 countries.
JBT Corporation (NYSE: JBT) reported strong first quarter 2022 results, with orders reaching $566 million, a 16% year-over-year increase. Revenue was $469 million, and earnings per share (EPS) stood at $0.80. The record backlog grew 43% to $1.1 billion. While FoodTech saw a 14% revenue rise and AeroTech 7%, persistent supply chain and inflation challenges affected margins. The company projects a 15% - 17% revenue growth for Q2 2022 and plans strategic alternatives for AeroTech, emphasizing a digital transformation strategy.
JBT Corporation (NYSE: JBT) will announce its first quarter 2022 financial results after market closure on April 26, 2022. A conference call is set for 10:00 a.m. ET on April 27, 2022. Participants must register in advance to obtain dial-in information. The call will also be available via webcast, and a replay will be accessible shortly after the event. JBT Corporation specializes in technology solutions for the food & beverage and air transportation sectors, employing approximately 6,800 people globally.
JBT Corporation (NYSE: JBT) outlined its Elevate 2.0 strategy during an Investor Day in New York City on March 24, 2022. The strategy emphasizes digital transformation, automation, and sustainable solutions in the food and beverage industry. JBT aims for a 7-9% organic revenue CAGR through 2025 and targets a 17%+ adjusted EBITDA margin. The company is also exploring strategic alternatives for its AeroTech platform to enhance shareholder value, with a decision expected by mid-2023. JBT plans to invest up to $1.5 billion in M&A opportunities.
JBT Corporation (NYSE: JBT) will host an investor day in New York City on March 24, 2022, from 12:30 to 3:30 p.m. ET. The management team will present the Elevate 2.0 strategy, discussing the business overview, digital strategy benefits, and multi-year growth targets.
A live webcast will be available, and participants should register in advance for the event. A replay will be accessible on the Investor Relations website 48 hours post-event.
JBT Corporation (NYSE: JBT) declared a quarterly cash dividend of $0.10 per share on February 24, 2022. The dividend is set to be paid on March 21, 2022, to stockholders of record by the close of business on March 7, 2022. JBT Corporation specializes in technology solutions for the food & beverage industry, operating globally with approximately 6,600 employees across over 25 countries. The company focuses on both the FoodTech and AeroTech segments, providing critical equipment and services.
JBT Corporation reported strong growth in 2021, with orders rising 26% and revenue reaching $1.9 billion. The fourth quarter highlighted record orders in FoodTech, totaling $455 million. Despite robust demand, supply chain disruptions and material cost inflation challenged operations. Adjusted EBITDA decreased 12% year-over-year. For 2022, JBT anticipates revenue growth in the mid-to-high teens but expects continued supply chain issues impacting margins. The company aims to enhance its digital strategy, with an Investor Day scheduled for March 24, 2022, to discuss future growth.
JBT Corporation (NYSE: JBT) will release its fourth quarter and full year 2021 financial results on February 22, 2022, following market closure. A conference call is scheduled for February 23, 2022, at 10:00 a.m. ET. Investors are encouraged to register in advance to receive dial-in information. The event will also be webcasted for listen-only access. JBT Corporation specializes in technology solutions for the food & beverage and air transportation sectors, employing around 6,600 people globally.
JBT Corporation (NYSE: JBT) has expanded its Board of Directors to ten members, appointing Charles L. Harrington effective January 1, 2022. Harrington, a retired CEO from Parsons Corporation, brings extensive expertise in technology, cybersecurity, and risk management. His appointment aims to enhance the company's strategic direction. Concurrently, Board members James M. Ringler and James E. Goodwin will retire at the May 2022 Annual Meeting after years of service, following a waiver of the company’s retirement policy to provide continuity during the pandemic.
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