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 |
|---|---|---|---|
| 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 |
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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
Robert W. Baird reiterated coverage of John Bean Technologies with a rating of Neutral and set a new price target of $148.00 from $95.00 previously
Baird reiterated coverage of John Bean Technologies with a rating of Neutral and set a new price target of $148.00 from $95.00 previously
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 Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today announced that JBT and Marel hf. (ICL: Marel) have executed a definitive transaction agreement related to JBT's previously announced intention to make a voluntary takeover offer for all of the issued and outstanding shares of Marel. The transaction agreement includes the terms of the offer and other important governance, social, and operating items relating to the proposed business combination of JBT and Marel. The transaction agreement was approved by the Boards of Directors of both companies. JBT and Marel are continuing to work expeditiously to finali
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
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
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that its shareholders voted to approve the issuance of shares of JBT common stock in connection with JBT's pending combination with Marel hf. (ICL: Marel) at the special meeting of shareholders held earlier today. "We are pleased with the outcome of today's special meeting and extend our appreciation to our shareholders for supporting the combination with Marel," said Brian Deck, President and Chief Executive Officer of JBT. "Today's shareholder approval marks another major milestone in the process to combine our two complementary food and be
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 published its 2023 Environmental, Social, Governance (ESG) Report, "Fortify the Future of Food." The report details key accomplishments resulting from JBT's strategic focus on prioritizing employee health and safety, fostering a diverse and inclusive culture, and partnering with customers to optimize resources. "Our world is ever-changing, and the demand for a resilient global food supply is greater than ever," said Brian Deck, President and Chief Executive Officer. "At JBT, we recognize this urgent need. Our purpose is clear: ‘Fortify the Future of Fo
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) has approved the offer document and prospectus related to JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). JBT will officially launch the offer on Monday, June 24, 2024. Voluntary Takeover Offer Summary The terms of the offer will be consistent with JBT's prior announcements. Subject to a proration feature, Marel shareholders will have the option to elect to receive either all cash, all JBT common sto
Marel shareholders will have the option to elect to receive either all cash, all JBT common stock, or a combination of cash and JBT common stock in respect of each Marel share as outlined below: All cash: €3.60 in cash All JBT common stock: 0.0407 JBT shares Combination of cash and JBT common stock: €1.26 in cash and 0.0265 JBT shares
John Bean Techs (NYSE:JBT) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.84 by 1.19 percent. This is a 39.34 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $392.300 million which missed the analyst consensus estimate of $396.430 million by 1.04 percent. This is a 0.98 percent increase over sales of $388.500 million the same period last year.
JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today announced that JBT and Marel hf. (ICL: Marel) have executed a definitive transaction agreement related to JBT's previously announced intention to make a voluntary takeover offer for all of the issued and outstanding shares of Marel. The transaction agreement includes the terms of the offer and other important governance, social, and operating items relating to the proposed business combination of JBT and Marel. The transaction agreement was approved by the Boards of Directors of both companies. JBT and Marel are continuing to work expeditiously to finalize
John Bean Techs (NYSE:JBT) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings John Bean Techs beat estimated earnings by 2.94%, reporting an EPS of $1.4 versus an estimate of $1.36. Revenue was down $154.50 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.13 which was followed by a 10.04% increase in the share price the next day. Here's a look at John Bean Techs's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.98 1.18 0.73 1.40 EPS Actual 1.11 0.97 0.94 1.49 Revenue Estimate 416.35M 589.14M 513.53M 599.78
John Bean Techs (NYSE:JBT) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.36 by 2.94 percent. This is a 23.89 percent increase over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $444.60 million which missed the analyst consensus estimate of $445.81 million by 0.27 percent. This is a 25.79 percent decrease over sales of $599.10 million the same period last year.
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John Bean Techs (NYSE:JBT) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement. Analysts estimate that John Bean Techs will report an earnings per share (EPS) of $1.36. John Bean Techs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.13, which was followed by a 10.04% increase