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John Bean Technologies (JBT) provides integrated solutions for industrial food processing, specializing in automation and production line optimization. This news hub offers investors and industry professionals centralized access to official company updates and market developments.
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JBT Corporation (NYSE: JBT) reported strong results for Q1 2023, with consolidated revenue of $530 million, a 13% increase compared to the previous year. Net income remained stable at $26 million, maintaining earnings per share (EPS) at $0.80. Adjusted EBITDA rose by 30% to $70 million, while adjusted EPS increased 7% to $0.94. The backlog is at a substantial $1.2 billion, supported by orders worth $638 million, reflecting increases of 5% and 13% year-over-year, respectively. The FoodTech segment contributed $389 million to the revenue, up 9%, while AeroTech saw a remarkable 25% revenue surge to $141 million. JBT expects continued growth, with full-year revenue guidance set between 7% and 10%.
JBT Corporation (NYSE: JBT) will announce its first quarter 2023 financial results after market closure on April 25, 2023. Investors can join a conference call on April 26, 2023, at 10:00 a.m. ET, with registration required for participation. This information will also be available via a simultaneous webcast. JBT is a leading global technology solutions provider focusing on the food & beverage industry through its FoodTech segment and on air transportation through its AeroTech segment. The company operates in over 25 countries and employs approximately 7,200 people worldwide.
JBT Corporation (NYSE: JBT) declared a quarterly cash dividend of