STOCK TITAN

John Bean Technologies Corporation - JBT STOCK NEWS

Welcome to our dedicated page for John Bean Technologies Corporation news (Ticker: JBT), a resource for investors and traders seeking the latest updates and insights on John Bean Technologies Corporation stock.

John Bean Technologies Corporation (JBT) is a recognized leader in the food processing solutions sector. With a primary focus on creating integrated systems, JBT enhances the value and quality of food products through innovative technology. The company’s offerings span from single machines to comprehensive processing lines, catering to both multinational and regional industrial food processing companies.

JBT's FoodTech solutions encompass a wide range of applications, including:

  • Freezer Solutions: Advanced freezing and chilling systems for a variety of products such as meat, seafood, poultry, ready-to-eat meals, fruits, vegetables, dairy, and bakery items.
  • Protein Processing Solutions: Equipment for portioning, coating, frying, and cooking poultry, meat, seafood, vegetable, and bakery products, ensuring optimal quality and taste.
  • In-Container Processing Solutions: Systems for filling, closing, and sterilizing fruits, vegetables, soups, sauces, dairy, and pet food products, as well as ready-to-eat meals in modern packaging formats.
  • Fruit and Juice Processing Solutions: Technology for extracting, concentrating, and aseptically processing citrus, tomato, and other fruits, vegetables, and juices.
  • Automatic Guided Vehicles (AGVs): Advanced automated systems for material handling and transportation within industrial environments.

JBT has been a pivotal player in the food and beverage industry, offering both customized and turnkey solutions that address the evolving needs of its clients. The company continues to innovate and expand its portfolio with recent projects and partnerships aimed at enhancing food safety, efficiency, and sustainability.

Financially, JBT has demonstrated robust performance with steady growth, driven by its commitment to research and development, customer service, and operational excellence. The company’s latest initiatives and technological advancements position it as a key contributor to the global food processing industry.

For the latest updates and news on JBT, including recent achievements and ongoing projects, visit our Latest News section below.

Rhea-AI Summary

JBT (NYSE: JBT) has announced its schedule for the second quarter 2024 earnings release and conference call. The company will report its financial results after market close on Tuesday, July 30, 2024. A conference call is scheduled for 11:00 a.m. ET on Wednesday, July 31, 2024. Participants are required to register in advance to join the conference call and will receive dial-in information upon registration. A simultaneous webcast will be available for listen-only mode, with a replay accessible shortly after the call ends.

JBT is a leading global technology solutions provider to high-value segments of the food & beverage industry. The company designs, produces, and services sophisticated products and systems for various end markets, with approximately half of its annual revenue coming from recurring parts, service, rebuilds, and leasing operations. JBT employs around 5,100 people worldwide and operates in more than 25 countries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
-
Rhea-AI Summary

JBT (NYSE: JBT), a global technology solutions provider for the food and beverage industry, has published its 2023 Environmental, Social, and Governance (ESG) Report titled “Fortify the Future of Food.”

The report highlights JBT's achievements in employee health and safety, fostering diversity and inclusion, and partnering with customers to enhance resource optimization. In 2023, over 70% of JBT’s product revenue came from equipment with environmental benefits, including the OmniBlu™ platform which combines machine learning and AI for production efficiency and sustainability.

JBT's workforce of over 5,100 employees is supported through a focus on Diversity, Equity, Inclusion, and Belonging (DEIB). The company reported an 11% reduction in Scope 1 and 2 emissions and a 12% reduction in water withdrawal. Additionally, more than 8.4 million pounds were diverted from landfills, achieving a 69% landfill diversion rate.

For more details on JBT’s ESG efforts, visit their website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
none
-
Rhea-AI Summary

JBT (NYSE: JBT) has received approval from Iceland's Financial Supervisory Authority for its voluntary takeover offer of Marel hf. (ICL: Marel). The offer will be launched on June 24, 2024, giving Marel shareholders the option to receive cash, JBT stock, or a combination of both. The total consideration is approximately €950 million in cash and 38% ownership in the merged entity. The combined company, JBT Marel , will be headquartered in Chicago, with a European headquarters in Gardabaer, Iceland. Regulatory clearances and shareholder approvals are required for the transaction, expected to close by year-end 2024. An investor meeting will be held in Iceland on June 24, 2024, with a live stream available online.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
none
Rhea-AI Summary

JBT (NYSE: JBT) announced that it expects the Icelandic Financial Supervisory Authority to approve documents related to its voluntary takeover offer for all shares of Marel hf. (ICL: Marel). Upon approval, JBT will launch the offer and hold a joint conference call with Marel on June 20, 2024, at 10:00 AM Eastern Time to discuss the benefits of the transaction for customers and shareholders.

JBT’s CEO, Brian Deck, highlighted the complementary nature of the two companies, which serve the global food and beverage processing industry. A detailed presentation on synergy opportunities and value creation will be provided. In addition, an in-person investor meeting will be held in Iceland on June 24, 2024, with live streaming available.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
-
Rhea-AI Summary

JBT (NYSE: JBT) declared a quarterly cash dividend of $0.10 per share on May 10, 2024. The dividend will be payable on June 6, 2024, to stockholders of record as of May 23, 2024. JBT is a global technology solutions provider in the food & beverage industry, employing 5,100 people worldwide.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
Tags
dividends
-
Rhea-AI Summary

JBT reported first quarter 2024 results with revenue of $392 million, a 1% increase. Adjusted EPS increased by 39%. The company executed a transaction agreement with Marel hf., expecting annual cost synergies of over $125 million within three years. JBT plans to close the transaction with Marel by the end of 2024. Full year guidance includes solid revenue growth and margin expansion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
Rhea-AI Summary
JBT (NYSE: JBT) will report first quarter 2024 financial results on May 1, 2024, followed by a conference call on May 2, 2024. The company is a global technology solutions provider in the food & beverage industry, with operations in over 25 countries and approximately 5,100 employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
-
Rhea-AI Summary
JBT (NYSE: JBT) has announced a definitive transaction agreement with Marel hf. (ICL: Marel) for a voluntary takeover offer. The agreement includes terms of the offer, governance details, and expected closing by the end of 2024. Shareholders will have options to receive cash, JBT common stock, or a mix. The offer values Marel at €950 million with a 38% ownership in the combined entity. Eyrir Invest hf. has committed to accept the offer. The combined company will be named JBT Marel , with Brian Deck as CEO. JBT plans to use existing cash and bridge financing for the acquisition, expecting a pro forma net leverage ratio of less than 3.5x by year-end 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
Tags
none
-
Rhea-AI Summary
JBT Corporation (NYSE: JBT) declares a quarterly cash dividend of $0.10 per share, payable on March 25, 2024, to stockholders of record on March 11, 2024. The company is a global technology solutions provider for the food & beverage industry, with diversified revenue streams and a strong global presence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
dividends
Rhea-AI Summary
JBT Corporation reports record fourth quarter and full year results for 2023, showing significant growth in income, earnings per share, and adjusted EBITDA. The company emphasizes its transition to a pure-play food and beverage technology solutions provider, with strong financial performance and margin expansion. JBT also outlines its 2024 outlook, expecting mid-single-digit organic growth and continued margin expansion through supply chain efficiency initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.38%
Tags

FAQ

What does John Bean Technologies Corporation (JBT) specialize in?

JBT specializes in integrated food processing solutions, offering a range of equipment and systems for freezing, processing, and packaging food products.

What are some key areas of JBT's FoodTech solutions?

Key areas include freezer solutions, protein processing solutions, in-container processing, fruit and juice processing, and automatic guided vehicles.

Who are JBT's main clients?

JBT markets its solutions and services to multinational and regional industrial food processing companies.

What makes JBT a leader in the food processing industry?

JBT's innovative technology, comprehensive product offerings, and commitment to quality and efficiency make it a leader in the industry.

How does JBT enhance the value of food products?

JBT enhances value by improving quality, nutrition, and taste through advanced processing techniques and equipment.

What recent projects is JBT involved in?

JBT is continuously involved in projects that focus on enhancing food safety, efficiency, and sustainability in food processing.

How does JBT contribute to food safety?

JBT's advanced processing equipment ensures high standards of hygiene and safety in food production.

What financial performance has JBT shown recently?

JBT has demonstrated robust financial performance with steady growth, driven by its commitment to innovation and operational excellence.

Does JBT offer customized solutions?

Yes, JBT provides both customized and turnkey solutions tailored to the specific needs of its clients.

Where can I find the latest news about JBT?

You can find the latest updates and news about JBT in the Latest News section on our website.

John Bean Technologies Corporation

NYSE:JBT

JBT Rankings

JBT Stock Data

3.22B
31.84M
1.29%
102.88%
4.85%
Food Product Machinery Manufacturing
Manufacturing
Link
United States of America
CHICAGO