John Bean Technologies Corp

JBT

Equity

ISIN US4778391049 / Valor 4418143

New York Stock Exchange, Inc (2025-03-13)

USD 120.27-3.16%

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

Revenue Growth

John Bean Technologies Corp reported a significant increase in revenue for the third quarter of 2024, reaching $454 million. This marks a 12 percent growth compared to the same period in the previous year, showcasing the company's strong performance and market demand for its solutions.

Income and EBITDA

For the third quarter of 2024, John Bean Technologies Corp achieved an income from continuing operations of $38 million, reflecting a 23 percent increase year-over-year. Additionally, the company reported an adjusted EBITDA of $82 million, also up by 23 percent, indicating improved operational efficiency and cost management.

Earnings Per Share

John Bean Technologies Corp's earnings per share (EPS) for the third quarter of 2024 were $1.18, representing a 22 percent increase from the previous year. The adjusted EPS was even more impressive at $1.50, marking a 35 percent rise, highlighting the company's strong profitability and financial health.

Order Backlog

In the third quarter of 2024, John Bean Technologies Corp reported a robust order backlog totaling $698 million. The company also received orders worth $440 million during this period, which is a 10 percent improvement compared to the prior year, indicating sustained demand and future revenue potential.

2024 Financial Outlook

John Bean Technologies Corp has reiterated its full-year 2024 guidance for revenue, adjusted EBITDA, and adjusted EPS. The company expects revenue to be between $1,715 million and $1,750 million, with adjusted EBITDA ranging from $295 million to $305 million, and adjusted EPS projected to be between $5.05 and $5.35, reflecting confidence in its ongoing business strategy and market position.

Summarized from source with an LLMView Source

Key figures

14.8%1Y

11.0%3Y

57.5%5Y

Performance

36.9%1Y

37.0%3Y

47.5%5Y

Volatility