Key Developments: John Bean Technologies Corp (JBT.N)

JBT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

John Bean Technologies Corp declares fourth quarter 2014 cash dividend
Thursday, 4 Dec 2014 09:00am EST 

John Bean Technologies Corp:Declares its fourth quarter 2014 cash dividend of $0.09 per share of outstanding common stock.Payable on Dec. 29 to stockholders of record at the close of business on Dec. 15.  Full Article

John Bean Technologies Corp acquires assets of Wolf-tec, Inc
Monday, 1 Dec 2014 04:15pm EST 

John Bean Technologies Corp:Says it has purchased the assets of Wolf-tec, Inc. Located in Kingston, NY, company is an innovative equipment manufacturer providing processing solutions for poultry, beef, pork, and seafood.Wolf-tec's protein processing technologies focus on ingredient preparation, blending, injection, marination, massaging, and portioning.Company also provides turnkey solutions encompassing high levels of automation to the protein processing industry.Purchase price was $54 mln, before customary post-closing adjustments.Addition of Wolf-tec enables JBT to better meet customer needs through an expanded portfolio of protein processing equipment and solutions.It also provides JBT further entry into beef, pork, and seafood processing, where Wolf-tec has a stronger presence.  Full Article

John Bean Technologies Corp reaffirms FY 2014 guidance
Wednesday, 5 Nov 2014 04:38pm EST 

John Bean Technologies Corp:Projects FY 2014 earnings from continuing operations of $1.45 - $1.55 per share on adjusted diluted basis and $0.92 - $1.02 on a GAAP basis.Continues to anticipate revenue growth in mid-single digit range for FY 2014.Reported revenue of $934 million in FY 2013.FY 2014 revenue of $986 million and EPS of $1.51 - Thomson Reuters I/B/E/S.  Full Article

John Bean Technologies Corporation secures order for liquid foods processing equipment
Thursday, 2 Oct 2014 09:00am EDT 

John Bean Technologies Corporation:Says that it has been awarded a contract exceeding $4 million for a line of liquid foods processing equipment including sterilizers used in the production of prepared sauces.  Full Article

John Bean Technologies Corp secures $6 mln equipment order for Aeropuerto de Cancun, Terminal 3 Expansion
Wednesday, 1 Oct 2014 09:00am EDT 

John Bean Technologies Corp:Says it has been awarded nearly $6 mln in contracts to supply airside gate equipment for the Terminal 3 expansion at the Cancun, Mexico international airport and as retro-fit components for existing gates.Says the orders, placed by Oversys, LLC, include Jetway passenger boarding bridges, JetAire preconditioned air units and Jetpower 400 Hz ground power devices.Says it anticipates shipping the equipment beginning in the Q3 2015.  Full Article

John Bean Technologies Corp awarded $5+ mln military equipment orders
Friday, 5 Sep 2014 09:00am EDT 

John Bean Technologies Corp:Awarded related contracts from U.S. based customer with combined value exceeding $5 mln.Says contract to supply compressed air, air conditioning and electrical power carts designed to service the environmental control systems and avionics of fighter aircraft.Says order also includes service and parts package for ongoing maintenance support of equipment.  Full Article

John Bean Technologies receives $11+ mln Ground Support Equipment Order
Tuesday, 2 Sep 2014 09:15am EDT 

John Bean Technologies Corp:Receives a contract valued at over $11 mln from a U.S.-based aviation ground services provider for supply of Commander cargo loaders, Tempest aircraft deicing vehicles and Expediter towbarless tractors.Equipment will support the customer's business expansion at a major U.S. international airport.JBT anticipates delivery of the equipment to be completed by year-end 2014.  Full Article

John Bean Technologies Corp secures $5+ mln in orders for Sterilization Technology
Thursday, 21 Aug 2014 04:15pm EDT 

John Bean Technologies Corp:Receives orders in excess of $5 mln for in-container sterilization technology from packaged foods company.JBT will supply comprehensive rebuild package that will transform and modernize the existing continuous hydrostatic sterilization technology and optimize the performance of the current equipment.This will increase customer's production flexibility, efficiency and capacity.Company anticipates installing equipment starting in second quarter of 2015, with systems operational by third quarter of 2015.  Full Article

John Bean Technologies Corp secures $5+ million order for Liquid Foods Processing Equipment
Wednesday, 20 Aug 2014 04:15pm EDT 

John Bean Technologies Corp:Receives contract exceeding $5 mln for a line of liquid foods processing equipment.Order was received in third quarter of 2014 with project expected to be fully operational in second quarter of 2015.  Full Article

John Bean Technologies Corp secures $6+ mln equipment order for Hartsfield International Airport Concourse T Optimization
Tuesday, 19 Aug 2014 09:00am EDT 

John Bean Technologies Corp:Says its JBT AeroTech business has been awarded a contract exceeding $6 mln to supply gate equipment for the Atlanta Hartsfield International Airport Concourse T Optimization project.The order, placed by the Winter Johnson Group, includes Jetway passenger boarding bridges, JetAire preconditioned air units and Jetpower 400 Hz ground power devices.JBT AeroTech anticipates installing the equipment beginning in the Q3 2014 with completion in late Q4 2014.  Full Article

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