John Bean Technologies Corporation - JBT STOCK NEWS

JBT Corporation (NYSE: JBT) announced its acquisition of AutoCoding Systems Ltd. for approximately $17 million. This acquisition enhances JBT's packaging line capabilities, particularly in coding and label inspection, generating annual revenue of about $7 million. AutoCoding's software improves automation, reduces manual checks, and fits strategically with JBT's Proseal business. While this move is expected to positively impact JBT's market presence, it may decrease GAAP earnings per share by approximately $0.01 to $0.02 in 2021.

JBT Corporation (NYSE: JBT) has declared a quarterly cash dividend of $0.10 per share, to be paid on March 22, 2021. Stockholders must be on record by the close of business on March 8, 2021 to qualify for this dividend. JBT is a global technology solutions provider in the food and beverage industry, focusing on high-value segments such as proteins and automated systems. The company operates worldwide with approximately 6,200 employees across more than 25 countries.

JBT Corporation reported its 2020 financial results, highlighting full-year revenue of $1.7 billion, down 11% from 2019. Earnings per share were $3.39, or $3.94 adjusted. In Q4, revenue fell 19% year-over-year to $439 million, with operating income down 30%. Despite challenges from the COVID-19 pandemic, JBT maintained profitability through disciplined cost control. Looking ahead, JBT projects FoodTech revenue growth of 5-8% for 2021, with earnings guidance of $4.10-$4.35 per share. A key conference call is scheduled for February 23, 2021.

JBT Corporation (NYSE: JBT) is set to report its fourth quarter 2020 financial results after market close on February 22, 2021. A conference call will follow on February 23, 2021, at 10:00 a.m. ET. Interested participants are encouraged to register in advance through the provided link to receive dial-in details. The call will also be available via live webcast for listen-only access. JBT is a global technology solutions provider in the food & beverage industry, focusing on proteins and automated systems, with operations in over 25 countries.

JBT Corporation has launched the NEOCAT Chiller, a cutting-edge whole bird chiller featuring patented Clean-in-Place technology. This auger-style immersion chiller can either reduce footprint by 30% or increase yield by 30%, enhancing operational flexibility in processing plants. The NEOCAT includes an innovative unloader that minimizes machinery overload during breaks, improving uptime and yield. Additionally, the automated cleaning process significantly reduces labor costs and enhances food safety by minimizing manual handling.

JBT Corporation (NYSE: JBT) has officially appointed Matthew Meister as its Executive Vice President and Chief Financial Officer, effective immediately. Meister, who has been serving as Interim CFO since September 2020, has a background as Vice President and CFO for JBT Protein. His extensive experience in global manufacturing and finance positions him well to lead the finance team. CEO Brian Deck expressed confidence in Meister's ability to drive business growth and shareholder value. Meister is committed to executing the company's strategic goals.

On December 14, 2020, JBT Corporation announced the appointment of Brian Deck as President and CEO, effective immediately. Previously the Interim President and CEO since June 2020, Deck has been with the company since 2014 as CFO, driving strong financial returns and operational success. Under his leadership, JBT achieved over $1 billion in capital deployment through 16 acquisitions and outperformed the Russell 2000 Index in shareholder returns. Deck aims to focus on margin expansion and innovation to strengthen JBT's market position, especially amid challenges posed by the COVID-19 pandemic.

JBT Corporation (NYSE: JBT) declared a quarterly cash dividend of $0.10 per share on December 2, 2020. The payment will be issued on December 28, 2020 to stockholders of record by the close of business on December 14, 2020. JBT is a global technology solutions provider serving high-value segments in the food & beverage industry and air transportation, employing approximately 6,200 people worldwide. This dividend declaration reflects the company’s commitment to returning value to shareholders.

JBT Corporation (NYSE: JBT) has promoted Kristina Paschall to Executive Vice President, Chief Information & Digital Officer. Effective immediately, she will lead JBT's global IT organization and drive technology-driven business growth, particularly enhancing the iOPS® product capabilities. Ms. Paschall, who has been with JBT since 2017, will focus on improving digital customer interactions and IT security for over 6,000 global employees. The promotion aligns with JBT's strategy prioritizing technology in driving customer value and operational excellence.