JBT - Earnings announcements

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

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

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

Record Fourth Quarter Highlights as a Pure-Play Food and Beverage Business: (Results are from continuing operations with comparisons to the prior year period) Income from continuing operations of $53 million and earnings per share of $1.64 both increased 69 percent Adjusted EBITDA of $81 million increased 18 percent and adjusted EBITDA margin of 18.2 percent increased 260 basis points Adjusted earnings per share of $1.40 increased 24 percent Record Full Year Highlights as a Pure-Play Food and Beverage Business: (Results are from continuing operations with comparisons to the prior year period) Income from continuing operations of $129 million and earnings per share of $4.0

JBT Corporation (NYSE:JBT) will report fourth quarter and full year 2023 financial results after the market closes on Tuesday, February 20, 2024. A conference call is scheduled for 10:00 a.m. ET on Wednesday, February 21, 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 en

JBT Corporation (NYSE:JBT) will report third quarter 2023 financial results after the market closes on Tuesday, October 24, 2023. A conference call is scheduled for 10:00 a.m. ET on Wednesday, October 25, 2023. 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 infor

Second Quarter Highlights of Results from Continuing Operations: (Comparisons are to the prior year period) Executed on strategy to become a pure-play food and beverage solutions provider with the previously announced sale of AeroTech to Oshkosh Corporation for $800 million; transaction closed on August 1, 2023 Revenue from continuing operations of $428 million increased 9 percent Income from continuing operations of $28 million and earnings per share of $0.87 increased 8 and 9 percent, respectively Adjusted EBITDA from continuing operations of $71 million increased 34 percent Adjusted earnings per share from continuing operations of $0.97 increased 11 percent Backlog

JBT Corporation (NYSE:JBT) will report second quarter 2023 financial results after the market closes on Tuesday, August 1, 2023. A conference call is scheduled for 09:30 a.m. ET on Wednesday, August 2, 2023. 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 informati

Purchase price of $800 million; $720 million net of expected tax benefits Enhances growth and margin profile ~$20 million in annual run-rate synergies expected by year three Broadens end markets and increases recurring revenue base Expected to be EPS accretive within first year with ROIC1 in excess of 10% by year three Oshkosh to host investor call at 9:00 a.m. EDT today Oshkosh Corporation (NYSE:OSK), a leading innovator of purpose-built vehicles and equipment, today announced that it has entered into a definitive agreement to acquire the AeroTech business ("AeroTech") from JBT Corporation (NYSE:JBT) in an $800 million all-cash transaction. When adjusted for the present value o

First Quarter Consolidated Highlights: (Comparisons are to the prior year period) Revenue of $530 million increased 13 percent Net income of $26 million and earnings per share of $0.80 in both periods Adjusted EBITDA of $70 million increased 30 percent Adjusted earnings per share of $0.94 increased 7 percent Backlog of $1.2 billion and orders of $638 million, an increase of 5 percent and 13 percent, respectively JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the first quarter of 2023. "JBT outperformed our first quarter expectations primarily driven by stron

JBT Corporation (NYSE:JBT) will report first quarter 2023 financial results after the market closes on Tuesday, April 25, 2023. A conference call is scheduled for 10:00 a.m. ET on Wednesday, April 26, 2023. 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 informatio

Fourth Quarter 2022 Highlights: Consolidated revenue of $599 million increased 20 percent year over year Earnings per share of $1.17 and adjusted earnings per share of $1.49, a year-over-year increase of 18 percent and 60 percent, respectivelyTotal backlog of $1.1 billion increased 5 percent year over year   Full Year 2022 Highlights: Consolidated revenue of $2.2 billion increased 16 percent from 2021Earnings per share of $4.07 and adjusted earnings per share of $4.77, a year-over-year increase of 10 percent and 18 percent, respectivelyIntroduced the Elevate 2.0 strategy, positioning JBT for continued profitable growth Completed two strategic acquisitions, Bevcorp and Alco, which are highl

CHICAGO, Feb. 9, 2023 /PRNewswire/ -- JBT Corporation (NYSE:JBT) will report fourth quarter and full year 2022 financial results before the market opens on Tuesday, February 21, 2023. A conference call is scheduled for 11:00 a.m. ET on Tuesday, February 21, 2023. Please register in advance if you plan 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 ava

Third Quarter 2022 Highlights: Consolidated revenue of $555 million, representing a 16 percent increase year over year Earnings per share of $1.07 and adjusted earnings per share of $1.27, which represent a year over year increase of 18 percent and 25 percent, respectivelyTotal backlog of $1.0 billion increased 15 percent year over year Completed Alco and Bevcorp acquisitions, expanding JBT's presence in protein processing and carbonated beverage applications, respectivelyCHICAGO, Oct. 26, 2022  /PRNewswire/ -- JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the third quarter of 202

CHICAGO, Oct. 13, 2022 /PRNewswire/ -- JBT Corporation (NYSE:JBT) will report third quarter 2022 financial results after the market closes on Wednesday, October 26, 2022. A conference call is scheduled for 10:00 a.m. ET on Thursday, October 27, 2022. Please register in advance if you plan 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 repl

Second Quarter 2022 Highlights: Revenue of $542 million, representing a 14 percent increase year over year Earnings per share of $1.04, or $1.13 as adjusted Total backlog of $1.1 billion increased 25 percent year over year Bevcorp Highlights Bevcorp is a leading provider of beverage processing and packaging solutions Purchase price of $290 million before tax benefit of approximately $35 millionFull year 2022 expected revenue and EBITDA of approximately $85 million and $20 million, respectivelyCHICAGO, July 27, 2022 /PRNewswire/ -- JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the

CHICAGO, July 14, 2022 /PRNewswire/ -- JBT Corporation (NYSE:JBT) will report second quarter 2022 financial results after the market closes on Wednesday, July 27, 2022. A conference call is scheduled for 10:00 a.m. ET on Thursday, July 28, 2022. Please register in advance if you plan 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 sh

First Quarter 2022 Highlights: Achieved orders of $566 million, representing a 16% increase year over year Revenue of $469 million and earnings per share of $0.80, or $0.87 as adjusted  Record backlog of $1.1 billion increased 43% year over year  Hosted an Investor Day in March and introduced the Elevate 2.0 strategy CHICAGO, April 26, 2022 /PRNewswire/ -- JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the first quarter of 2022. "Our first quarter orders and record backlog demonstrate the strong demand environment for our products and solutions," said Brian Deck, President and Chie

CHICAGO, April 13, 2022 /PRNewswire/ -- JBT Corporation (NYSE:JBT) will report first quarter 2022 financial results after the market closes on Tuesday, April 26, 2022. A conference call is scheduled for 10:00 a.m. ET on Wednesday, April 27, 2022. Please register in advance if you plan 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 repla

CHICAGO, Feb. 22, 2022 /PRNewswire/ -- Full Year 2021 Highlights: Orders expanded 26% with double-digit growth at both FoodTech and AeroTech Revenue of $1.9 billion and earnings per share of $3.69, or $4.03 as adjusted  Generated strong operating cash flow of $226 million and free cash flow of $190 millionFourth Quarter 2021 Highlights: Achieved orders of $587 million, including record orders at FoodTech of $455 million Revenue of $498 million and earnings per share of $0.99, or $0.92 as adjusted Closed acquisition of Urtasun, a provider of fruit and vegetable processing solutions JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food &

CHICAGO, Feb. 9, 2022 /PRNewswire/ -- JBT Corporation (NYSE:JBT) will report fourth quarter and full year 2021 financial results after the market closes on Tuesday, February 22, 2022. A conference call is scheduled for 10:00 a.m. ET on Wednesday, February 23, 2022. Please register in advance if you plan to participate in the conference call: Conference Call Registration Upon registering, 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 shor

CHICAGO, Oct. 27, 2021 /PRNewswire/ -- Highlights:  Revenue of $477 million and earnings per share of $0.91, or $1.02 as adjusted Orders increased 24 percent year over year with expansion at FoodTech and AeroTech Generated strong operating cash flow of $33 million and free cash flow of $32 million Adjusting full-year guidance to reflect impact from supply chain disruptions and labor challengesJBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the third quarter of 2021. "JBT continued to enjoy robust demand for our products and services in the third quarter of 2021," said Brian Deck, P

CHICAGO, Oct. 14, 2021 /PRNewswire/ -- JBT Corporation (NYSE:JBT) will report third quarter 2021 financial results after the market closes on Wednesday, October 27, 2021. A conference call is scheduled for 10:00 a.m. ET on Thursday, October 28, 2021. Please register in advance if you plan to participate in the conference call: Conference Call Registration Upon registering, 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 c

CHICAGO, July 27, 2021 /PRNewswire/ -- Highlights:  Revenue of $476 million and earnings per share of $0.95, or $1.19 as adjusted, exceeded expectations Record orders increased 68 percent year over year and 19 percent sequentially with an expanding backlog Generated strong operating cash flow of $45 million and free cash flow of $35 million Completed acquisition of Prevenio in early July Adjusting full-year guidance to reflect robust commercial activity, increased cost pressures and supply chain disruptions JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the second quarter of 2021.