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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.
Track JBT's latest press releases covering earnings reports, equipment innovations, strategic partnerships, and operational milestones. Our curated collection ensures timely updates on freezer technology advancements, protein processing systems, and automation solutions shaping modern food production.
Bookmark this page for verified updates on JBT's contributions to food safety standards, sustainable processing methods, and global supply chain developments. Stay informed about technological breakthroughs through primary source materials directly from the company.
JBT Corporation (NYSE: JBT) has acquired Alco-food-machines GmbH & Co. KG, enhancing its food processing solutions. This acquisition is expected to bolster JBT's product offerings in convenience meal lines and plant-based protein technology, particularly in the German market. Alco's projected 2022 revenue is approximately $35 million with EBITDA margins in the low double digits. Although the acquisition may slightly dilute 2022 GAAP earnings per share, it is projected to be accretive on an adjusted basis. The purchase price remains undisclosed.
JBT Corporation (NYSE: JBT) has declared a quarterly cash dividend of $0.10 per share, payable on June 9, 2022, to stockholders of record by May 26, 2022. This dividend announcement reflects the company’s ongoing commitment to return value to its shareholders. JBT operates in the food & beverage industry, focusing on protein and liquid food segments, and employs approximately 6,800 people worldwide across more than 25 countries.
JBT Corporation (NYSE: JBT) reported strong first quarter 2022 results, with orders reaching $566 million, a 16% year-over-year increase. Revenue was $469 million, and earnings per share (EPS) stood at $0.80. The record backlog grew 43% to $1.1 billion. While FoodTech saw a 14% revenue rise and AeroTech 7%, persistent supply chain and inflation challenges affected margins. The company projects a 15% - 17% revenue growth for Q2 2022 and plans strategic alternatives for AeroTech, emphasizing a digital transformation strategy.
JBT Corporation (NYSE: JBT) will announce its first quarter 2022 financial results after market closure on April 26, 2022. A conference call is set for 10:00 a.m. ET on April 27, 2022. Participants must register in advance to obtain dial-in information. The call will also be available via webcast, and a replay will be accessible shortly after the event. JBT Corporation specializes in technology solutions for the food & beverage and air transportation sectors, employing approximately 6,800 people globally.
JBT Corporation (NYSE: JBT) outlined its Elevate 2.0 strategy during an Investor Day in New York City on March 24, 2022. The strategy emphasizes digital transformation, automation, and sustainable solutions in the food and beverage industry. JBT aims for a 7-9% organic revenue CAGR through 2025 and targets a 17%+ adjusted EBITDA margin. The company is also exploring strategic alternatives for its AeroTech platform to enhance shareholder value, with a decision expected by mid-2023. JBT plans to invest up to $1.5 billion in M&A opportunities.
JBT Corporation (NYSE: JBT) will host an investor day in New York City on March 24, 2022, from 12:30 to 3:30 p.m. ET. The management team will present the Elevate 2.0 strategy, discussing the business overview, digital strategy benefits, and multi-year growth targets.
A live webcast will be available, and participants should register in advance for the event. A replay will be accessible on the Investor Relations website 48 hours post-event.
JBT Corporation (NYSE: JBT) declared a quarterly cash dividend of $0.10 per share on February 24, 2022. The dividend is set to be paid on March 21, 2022, to stockholders of record by the close of business on March 7, 2022. JBT Corporation specializes in technology solutions for the food & beverage industry, operating globally with approximately 6,600 employees across over 25 countries. The company focuses on both the FoodTech and AeroTech segments, providing critical equipment and services.
JBT Corporation reported strong growth in 2021, with orders rising 26% and revenue reaching $1.9 billion. The fourth quarter highlighted record orders in FoodTech, totaling $455 million. Despite robust demand, supply chain disruptions and material cost inflation challenged operations. Adjusted EBITDA decreased 12% year-over-year. For 2022, JBT anticipates revenue growth in the mid-to-high teens but expects continued supply chain issues impacting margins. The company aims to enhance its digital strategy, with an Investor Day scheduled for March 24, 2022, to discuss future growth.
JBT Corporation (NYSE: JBT) will release its fourth quarter and full year 2021 financial results on February 22, 2022, following market closure. A conference call is scheduled for February 23, 2022, at 10:00 a.m. ET. Investors are encouraged to register in advance to receive dial-in information. The event will also be webcasted for listen-only access. JBT Corporation specializes in technology solutions for the food & beverage and air transportation sectors, employing around 6,600 people globally.
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