John Bean Technologies Corporation - JBT STOCK NEWS

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.

On December 1, 2021, JBT Corporation declared a quarterly cash dividend of $0.10 per share, payable on December 27, 2021, to stockholders of record by December 13, 2021. Additionally, the Board authorized a new share repurchase plan to buy back up to $30 million of its common stock, effective from January 1, 2022, to December 31, 2024. This replaces the existing plan expiring on December 31, 2021. JBT Corporation specializes in technology solutions for the food and beverage industry and provides services to air transportation customers globally.

JBT Corporation (NYSE: JBT) has acquired Urtasun Tecnología Alimentaria S.L. for approximately $40 million. This acquisition enhances JBT's offerings in fruit and vegetable processing, particularly in fresh packaged and frozen markets. Urtasun anticipates a revenue of $25 million for 2021, with adjusted EBITDA margins in the mid to high teens. The deal is projected to be dilutive to GAAP earnings per share by four cents in 2021 but accretive by three cents in 2022. JBT aims to leverage its global footprint for accelerated growth through this integration.

JBT Corporation reported third-quarter 2021 revenue of $477 million, up 14% year-over-year, with earnings per share at $0.91. Orders surged 24%, led by a 45% increase in FoodTech backlog. Operating income was $41 million and net income $29 million. However, AeroTech faced challenges with stagnant revenue and decreased adjusted EBITDA margin. The company has revised its full-year guidance, now anticipating total revenue growth of 9-10% but a 3% decline in AeroTech revenue. Full-year adjusted earnings per share are projected at $3.70-$3.80.

JBT Corporation (NYSE: JBT) will release its third quarter 2021 financial results on October 27, 2021, after market close. A conference call is scheduled for October 28, 2021, at 10:00 a.m. ET. Participants must register in advance to receive dial-in information and a unique ID. The call will be webcasted for listen-only access and available for replay shortly after. JBT Corporation is a global technology solutions provider in the food & beverage and air transportation industries, employing approximately 6,200 people worldwide.