John Bean Technologies Corp

JBT

Equity

ISIN null / Valor 4418143

New York Stock Exchange, Inc (2025-11-20)

USD 132.27-0.22%

John Bean Technologies Corp
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About company

John Bean Technologies Corporation (JBT) is a prominent global technology solutions provider focused on the food and beverage industry. The company specializes in designing, producing, and servicing a wide array of products and systems that cater to various end markets within this sector. JBT stands out for its diversified revenue streams, with approximately half of its annual revenue derived from recurring sources such as parts, service, rebuilds, and leasing operations. This business model underscores JBT's commitment to not only supplying innovative technology and equipment but also ensuring ongoing support and services to its clients, thereby playing a crucial role in the operational success of businesses in the high-value segments of the food and beverage industry.

Summarized from source with an LLMView SourceSector: Telecommunications

Record Quarterly Orders

In the fourth quarter of 2024, John Bean Technologies Corp. achieved a record $523 million in orders, marking a significant milestone compared to the same period last year.

Adjusted EBITDA Growth

For the full year 2024, the company's adjusted EBITDA increased by 8% to $295 million. In the fourth quarter alone, adjusted EBITDA rose by 14% to $92 million, demonstrating robust operational performance.

Income from Continuing Operations

John Bean Technologies Corp. reported a full year income from continuing operations of $85 million, despite a fourth quarter loss of $7 million. These figures include M&A costs and a U.S. pension settlement expense.

Revenue and Cash Flow

The full year 2024 revenue reached $1.716 billion, a 3% increase year-over-year. Additionally, operating cash flow from continuing operations was $233 million, and free cash flow grew by 20% to $199 million.

Order Backlog and Future Outlook

Orders for the full year 2024 totaled $1.788 billion, a 7% increase, with a year-end backlog of $721 million, up by 6%. The company continues to forecast a strong outlook for 2025, supported by increased cost synergies and enhanced operational efficiencies.

Summarized from source with an LLMView Source

Key figures

11.6%1Y

43.4%3Y

24.1%5Y

Performance

42.0%1Y

36.0%3Y

39.3%5Y

Volatility