John Bean Technologies Corporation Common Stock (JBT)
125.32
0.00 (0.00%)
John Bean Technologies Corp is a diversified global technology company that specializes in advanced food processing and air transportation solutions
The company focuses on providing innovative equipment and services designed to enhance efficiency and safety in the food production industry, as well as offering solutions for the aerospace sector, including ground support equipment and airport services. JBT's commitment to delivering high-quality products and technical expertise helps customers optimize their operations and improve overall performance across various markets.
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Shares of food processing and aviation equipment manufacturer John Bean (NYSEJBT)
jumped 15.5% in the afternoon session after the company reported third-quarter earnings results that exceeded analysts' revenue and EPS estimates. The top line benefitted from improved demand from global poultry customers. Backlog (orders placed but not processed) was also strong, exceeding Wall Street's expectations. Overall, this was a strong quarter.
Food processing and aviation equipment manufacturer John Bean (NYSEJBT) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 12.4% year on year to $453.8 million. The company expects the full year’s revenue to be around $1.73 billion, close to analysts’ estimates. Its non-GAAP profit of $1.50 per share was also 6.8% above analysts’ consensus estimates.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he is quite fond of John Bean Technologies Corporation (NYSEJBT). "It’s a little quirky, but it’s good.
John Bean Technologies exceeds FY23 expectations with adjusted EPS of $4.05-$4.15, citing strong operational execution and revenue growth. The company plans a voluntary takeover offer for Marel hf, anticipating annual synergies of $125 million post-merger.
