John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, and X-ray food inspection. The company also provides processing solutions for extracting, mixing, blending, pasteurizing, sterilizing, concentrating, high pressure processing, filling, closing, sealing, and final packaging, as well as processing equipment; and packaging systems for poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, dairy, bakery, pet foods, soups, sauces, and juices. In addition, it offers automated guided vehicle systems for material movement in the manufacturing and warehouse facilities. Further, the company provides mobile air transportation equipment, such as commercial and military cargo loading, aircraft deicing, aircraft towing, and aircraft ground power and cooling systems; and fixed equipment for passenger boarding. Additionally, it offers airport equipment, systems, and facilities maintenance services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, military forces, and defense contractors. It markets and sells its products and solutions through direct sales force, independent distributors, and sales representatives. John Bean Technologies Corporation was incorporated in 1994 and is headquartered in Chicago, Illinois.
IPO Year:
Exchange: NYSE
Website: jbtc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/12/2024 | Market Outperform | CJS Securities | |
| 12/12/2024 | $130.00 | Hold | Jefferies |
| 10/27/2022 | Outperform → Mkt Perform | William Blair | |
| 2/24/2022 | $185.00 → $140.00 | Overweight | Wells Fargo |
| 1/10/2022 | $165.00 → $185.00 | Overweight | Wells Fargo |
| 10/4/2021 | $130.00 | Underweight → Neutral | JP Morgan |
4 - JBT Marel Corp (0001433660) (Issuer)
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3 - JBT Marel Corp (0001433660) (Issuer)
3 - JBT Marel Corp (0001433660) (Issuer)
CHICAGO, Dec. 7, 2021 /PRNewswire/ -- JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, announced today that it has increased the size of its Board of Directors to ten members and elected Charles ("Chuck") L. Harrington to the Board effective January 1, 2022. "We are extremely pleased to welcome Chuck to the Board," said Alan Feldman, Board Chairman. "His global perspective, engineering and technology expertise, understanding of cybersecurity and risk management systems, M&A track record, and strong relationships with governments and businesses across sectors will add considerable value to our Board." "As a re
CHICAGO, Sept. 24, 2021 /PRNewswire/ -- JBT Corporation (NYSE:JBT), a global technology solutions provider to high-value segments of the food and beverage industry, announced today the promotion of Robert "Bob" Petrie effective October 7th to the position of Executive Vice President and President, Protein. He succeeds Paul Sternlieb, who provided notice of his resignation from JBT in connection with his acceptance of the Chief Executive Officer position at an industrial public company, that is not competitive to JBT. Since 2016, Bob has led JBT's Protein EMEA (Europe, Middle East, and Africa) business, and at the start of this year assumed additional responsibility for JBT's Protein business
Sengupta's extensive background in protein and CPG will aid the company in its rapid expansion driven by consumer demand and industry trends HARRISONBURG,Va., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Today, Farmer Focus, the only 100% organic and humane-certified chicken company with a mission to protect and promote generational family farms, announced the appointment of Debarshi Sengupta as Chief Financial Officer. Sengupta brings with him over 20 years of financial and operational experience. As CFO, he will build on the company's strong financial foundation and performance-oriented culture. Sengupta will oversee Finance & Accounting, FP&A, IT, Treasury, Tax and Investor Relations, as well a
CHICAGO, Dec. 14, 2020 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that Brian Deck has been appointed President and Chief Executive Officer. He has also been elected to the Board of Directors. Mr. Deck has served as Interim President and CEO of JBT Corporation since June 2020 and previously served as the Company's Chief Financial Officer since 2014. His appointments are effective immediately. ''Since joining JBT in 2014, and particularly as Interim CEO over the last several months, Brian has been instrumental in delivering strong financial and operational results while ensuring both our employees' safety and customers' satisfaction," said Alan Feldman, JBT's Chairman. "Br
CHICAGO, Dec. 2, 2020 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced that on December 2, 2020 its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on December 28, 2020 to stockholders of record at the close of business on December 14, 2020. JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry with focus on proteins, liquid foods and automated system solutions. JBT designs, produces and services sophisticated products and systems for multi-national and regional customers through its FoodTech segment. JBT also sells critical
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JBT Corporation (NYSE:JBT) announced that on December 3, 2024, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on December 27, 2024, to stockholders of record at the close of business on December 13, 2024. JBT Corporation (NYSE:JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT designs, produces and services sophisticated products and systems for a broad range of end markets, generating roughly one-half of its annual revenue from recurring parts, service, rebuilds, and leasing operations. JBT employs approximately 5,100 people worldwide and
Third Quarter Highlights: (Results are from continuing operations with comparisons to the prior year period) Achieved another strong quarter with orders of $440 million and backlog of $698 million Revenue of $454 million increased 12 percent Income from continuing operations of $38 million and adjusted EBITDA of $82 million both increased 23 percent Earnings per share (EPS) of $1.18 and adjusted EPS of $1.50 increased 22 percent and 35 percent, respectively On track to complete remaining items and close combination with Marel hf. (Marel) on or about the end of 2024 JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food &
JBT Corporation (NYSE:JBT) will report third quarter 2024 financial results after the market closes on Tuesday, October 22, 2024. A conference call is scheduled for 10:00 AM ET on Wednesday, October 23, 2024. Please register in advance to participate in the conference call: Conference Call Registration Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access the event. The call will be simultaneously webcast, for listen-only mode, by accessing the following website: Webcast Registration. The webcast will also be available for replay shortly after the call ends. This information
JBT Corporation (NYSE:JBT) announced that on August 8, 2024, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on September 3, 2024, to stockholders of record at the close of business on August 19, 2024. JBT Corporation (NYSE:JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT designs, produces and services sophisticated products and systems for a broad range of end markets, generating roughly one-half of its annual revenue from recurring parts, service, rebuilds, and leasing operations. JBT employs approximately 5,100 people worldwide and ope
Second Quarter Highlights: (Results are from continuing operations with comparisons to the prior year period) Strong orders of $437 million, just below all-time record Revenue of $402 million decreased 6 percent; expect full year revenue growth of 3 - 5% Income from continuing operations of $31 million and earnings per share of $0.95 increased 8 percent and 7 percent, respectively Adjusted earnings per share of $1.05 increased 8 percent Formally issued voluntary takeover offer for the combination with Marel hf. (Marel) JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported result
JBT Corporation (NYSE:JBT) will report second quarter 2024 financial results after the market closes on Tuesday, July 30, 2024. A conference call is scheduled for 11:00 a.m. ET on Wednesday, July 31, 2024. Please register in advance to participate in the conference call: Conference Call Registration Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access the event. The call will be simultaneously webcast, for listen-only mode, by accessing the following website: Webcast Registration. The webcast will also be available for replay shortly after the call ends. This information
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that it expects the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) to imminently approve the offer document and prospectus related to JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). Following the FSA's approval of the required documents, JBT will officially launch the voluntary takeover offer. JBT and Marel will host a joint conference call on Thursday, June 20, 2024, at 10:00 AM Eastern Time to discuss the compelling rationale of the transaction and benefi
JBT Corporation (NYSE:JBT) announced that on May 10, 2024, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on June 6, 2024, to stockholders of record at the close of business on May 23, 2024. JBT Corporation (NYSE:JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT designs, produces and services sophisticated products and systems for a broad range of end markets, generating roughly one-half of its annual revenue from recurring parts, service, rebuilds, and leasing operations. JBT Corporation employs approximately 5,100 people worldwide and o
First Quarter Highlights: (Results are from continuing operations with comparisons to the prior year period) Revenue of $392 million increased 1 percent Income from continuing operations of $23 million and earnings per share of $0.71 increased 33 percent and 34 percent, respectively Adjusted EBITDA of $57 million increased 6 percent and adjusted EBITDA margin of 14.6 percent increased 60 basis points Adjusted earnings per share of $0.85 increased 39 percent Executed definitive transaction agreement related to the combination with Marel hf. (Marel) and advanced multiple regulatory work streams JBT Corporation (NYSE:JBT), a leading global technology solutions provider to
JBT Corporation (NYSE:JBT) will report first quarter 2024 financial results after the market closes on Wednesday, May 1, 2024. A conference call is scheduled for 09:30 a.m. ET on Thursday, May 2, 2024. Please register in advance to participate in the conference call: Conference Call Registration Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access the event. The call will be simultaneously webcast, for listen-only mode, by accessing the following website: Webcast Registration. The webcast will also be available for replay shortly after the call ends. This information is
JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced JBT Corporation's completion of the settlement of its voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (Marel) that were validly tendered by Marel shareholders prior to the expiration of the voluntary takeover offer on December 20, 2024, at 12:00 PM GMT. Additionally, shares of the combined company, JBT Marel Corporation, began trading today under the new stock ticker symbol "JBTM" on both the New York Stock Exchange (NYSE) and Nasdaq Iceland hf (Nasdaq Iceland). "Today is a signi
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel) expired on December 20, 2024, at 12:00 PM GMT. JBT has now satisfied all conditions to the offer, including the minimum acceptance condition with at least 90 percent of all issued and outstanding shares of Marel having been validly tendered in the offer. Further information regarding the final result of the offer, including the number of shares tendered, will be disclosed in JBT's upcoming 8-K filing. JBT will complete the offer in accor
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that JBT and Marel hf. (ICL: Marel) will host a joint webcast on Wednesday, December 11, 2024, at 8:00 AM ET / 1:00 PM GMT to further discuss the combination prior to the expiration of the voluntary takeover offer. Live Webcast of Shareholder Fireside Chat in Iceland On Wednesday, December 11, 2024, JBT and Marel will host an open house in Iceland, which is intended for Marel shareholders. Space is limited for the in-person open house, and interested Marel shareholders need to register in advance for in-person attendance. As part of the o
JBT Corporation (NYSE:JBT) announced that on December 3, 2024, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on December 27, 2024, to stockholders of record at the close of business on December 13, 2024. JBT Corporation (NYSE:JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT designs, produces and services sophisticated products and systems for a broad range of end markets, generating roughly one-half of its annual revenue from recurring parts, service, rebuilds, and leasing operations. JBT employs approximately 5,100 people worldwide and
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced receipt of all remaining regulatory clearances required to complete its proposal to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). On November 26, 2024, the European Commission (E.C.) adopted a clearance decision at the end of its Phase 1 review period. Additionally, on November 22, 2024, JBT received formal confirmation that the Australian Competition and Consumer Commission does not oppose the transaction. JBT's voluntary takeover offer will expire on December 20, 2024, at 12:00 GMT, unless such offer period is further
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Financial Supervisory Authority of the Central Bank of Iceland (FSA) has granted an extension of the expiration of JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). The extension was granted to accommodate the regulatory reviews by the European Commission (E.C.) and Australian Competition and Consumer Commission (ACCC). On October 23, 2024, following the completion of pre-notification information exchanges with the E.C., JBT formally notified the E.C. under EU Merger Regulation of J
Third Quarter Highlights: (Results are from continuing operations with comparisons to the prior year period) Achieved another strong quarter with orders of $440 million and backlog of $698 million Revenue of $454 million increased 12 percent Income from continuing operations of $38 million and adjusted EBITDA of $82 million both increased 23 percent Earnings per share (EPS) of $1.18 and adjusted EPS of $1.50 increased 22 percent and 35 percent, respectively On track to complete remaining items and close combination with Marel hf. (Marel) on or about the end of 2024 JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food &
JBT Corporation (NYSE:JBT) will report third quarter 2024 financial results after the market closes on Tuesday, October 22, 2024. A conference call is scheduled for 10:00 AM ET on Wednesday, October 23, 2024. Please register in advance to participate in the conference call: Conference Call Registration Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access the event. The call will be simultaneously webcast, for listen-only mode, by accessing the following website: Webcast Registration. The webcast will also be available for replay shortly after the call ends. This information
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Financial Supervisory Authority of the Central Bank of Iceland (FSA) has granted an extension of the expiration of JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). The extension was granted as JBT and Marel continue to pursue the requisite regulatory approvals to close the transaction. The voluntary takeover offer, which was initially scheduled to expire on September 2, 2024, will now expire on the earliest date to occur of either November 11, 2024, or three weeks after the date o
JBT Corporation (NYSE:JBT) announced that on August 8, 2024, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on September 3, 2024, to stockholders of record at the close of business on August 19, 2024. JBT Corporation (NYSE:JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT designs, produces and services sophisticated products and systems for a broad range of end markets, generating roughly one-half of its annual revenue from recurring parts, service, rebuilds, and leasing operations. JBT employs approximately 5,100 people worldwide and ope
CJS Securities initiated coverage of JBT Corp with a rating of Market Outperform
Jefferies initiated coverage of JBT Corp with a rating of Hold and set a new price target of $130.00
William Blair downgraded JBT Corp from Outperform to Mkt Perform
Wells Fargo reiterated coverage of John Bean Technologies with a rating of Overweight and set a new price target of $140.00 from $185.00 previously
Wells Fargo reiterated coverage of John Bean Technologies with a rating of Overweight and set a new price target of $185.00 from $165.00 previously
JP Morgan upgraded John Bean Technologies from Underweight to Neutral and set a new price target of $130.00
Robert W. Baird upgraded JBT Corp from Neutral to Outperform and set a new price target of $151.00
Baird upgraded John Bean Technologies from Neutral to Outperform and set a new price target of $151.00
Wells Fargo reiterated coverage of John Bean Technologies with a rating of Overweight and set a new price target of $165.00 from $160.00 previously
Wells Fargo & Company reiterated coverage of John Bean Technologies with a rating of Overweight and set a new price target of $160.00 from $145.00 previously
8-K - JBT Marel Corp (0001433660) (Filer)
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8-K - John Bean Technologies CORP (0001433660) (Filer)
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425 - John Bean Technologies CORP (0001433660) (Subject)
425 - John Bean Technologies CORP (0001433660) (Subject)
425 - John Bean Technologies CORP (0001433660) (Subject)
425 - John Bean Technologies CORP (0001433660) (Subject)
425 - John Bean Technologies CORP (0001433660) (Subject)