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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 entered into a amendment third to credit agreement
Tuesday, 25 Oct 2016 06:06am EDT 

John Bean Technologies Corp : John Bean Technologies corp says on October 20, co , subsidiary guarantors entered into a third to credit agreement dated as of February 10, 2015 . John Bean Technologies says pursuant to terms of amendment, certain lenders provided an incremental term loan upto principal amount of $150 million . John Bean says co has $100 million of remaining availability under expansion option to increase commitments or incur additional term loans - SEC filing .John Bean Technologies says co is required to repay incremental term-1 loan in quarterly principal installments of $1.85 million beginning on March 31, 2018.  Full Article

John Bean Technologies posts Q2 adjusted EPS $0.67
Tuesday, 26 Jul 2016 04:15pm EDT 

John Bean Technologies Corp : JBT Corporation reports robust results in the second quarter of 2016 . Sees FY 2016 GAAP earnings per share $2.00 to $2.10 . Q2 adjusted earnings per share $0.67 . Q2 earnings per share $0.63 from continuing operations . Q2 revenue $328.8 million versus I/B/E/S view $304.2 million . Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Sees fy 2016 adjusted earnings per share $2.25 to $2.35 . For Q2 of 2016, inbound orders of $307 million expanded 27 percent . Fy 2015 earnings per share was $1.88 . Backlog at quarter-end expanded 36 percent year over year ."Q4 is expected to be seasonally stronger, with performance in line with Q4 of 2015".  Full Article

John Bean Technologies Corp announces credit agreement amendment
Tuesday, 22 Mar 2016 09:00am EDT 

John Bean Technologies Corp:Says amendment to its existing revolving credit facility agreement dated as of February 10, 2015.Says pursuant to the terms of the amendment, the credit facility size was increased from $450 million to $600 million, while maintaining a $250 million accordion expansion feature.Says amendment affords JBT greater financial flexibility to pursue organic growth investments and acquisition opportunities.  Full Article

John Bean Technologies Corp gives FY 2016 guidance
Tuesday, 23 Feb 2016 04:15pm EST 

John Bean Technologies Corp:Anticipates FY 2016 revenue growth of approximately 15 percent, reflecting organic growth of 4 -- 5 percent and acquisitive growth of about 10 percent.Forecasts FY 2016 adjusted diluted earnings per share in the range of $2.15 - $2.30 in 2016, and $1.90 - $2.05 on a GAAP basis.  Full Article

John Bean Technologies Corp declares quarterly dividend
Monday, 22 Feb 2016 09:00am EST 

John Bean Technologies Corp:Board of Directors has declared a first quarter 2016 cash dividend of $0.10 per share of outstanding common stock.Dividend will be payable on March 21 to stockholders of record date as on March 7.  Full Article

John Bean Technologies Corp Announces Quarterly Dividend and Share Repurchase Program
Thursday, 3 Dec 2015 06:55am EST 

John Bean Technologies Corp:Says an 11 percent increase in its quarterly dividend.Company's Board of Directors declared a fourth quarter 2015 cash dividend of $0.10 per share of outstanding common stock, up from the previous quarterly dividend of $0.09 per share.dividend will be payable on December 28, 2015 to stockholders of record at the close of business on December 14, 2015.Board of Directors also authorized a new share repurchase plan of up to $30 million of the Company's common stock, effective January 1, 2016 through December 31, 2018.existing plan will expire on December 31, 2015 in accordance with its terms, with all remaining share repurchase capacity under the existing plan expiring unutilized at such time.  Full Article

John Bean Technologies Corp raises FY 2015 revenue guidance; raises low end of prior FY 2015 EPS guidance to a range in line with analysts' estimates
Tuesday, 27 Oct 2015 04:15pm EDT 

John Bean Technologies Corp:Revises FY 2015 diluted earnings per share guidance to $1.75 - $1.80, including estimated $0.18 per share currency translation headwind and $0.08 per share dilutive impact of recently completed acquisitions.Increases FY 2015 revenue growth estimate to 9 - 10 pct, reflecting organic and acquisitive growth of 8 and 9 pct, respectively, less a headwind from foreign currency translation of about 7 percent.FY 2015 revenue of $1.04 billion and EPS of $1.79 - Thomson Reuters I/B/E/S.  Full Article

John Bean Technologies Corp completes acquisition of A&B Process Systems
Thursday, 1 Oct 2015 04:15pm EDT 

John Bean Technologies Corp:Says the completion of its previously disclosed agreement to acquire the shares of A&B Process Systems.Says agreement to purchase the shares was announced on September 2, 2015.  Full Article

John Bean Technologies Corp Signs Definitive Agreement to Acquire Liquid Foods Solutions Provider
Wednesday, 2 Sep 2015 08:00am EDT 

John Bean Technologies Corp:Jbt corporation signs definitive agreement to acquire leading liquid foods solutions provider.Deal for $102 million.Jbt corp expects deal costs and purchase price accounting associated with acquisition to result in a $0.03 - $0.04 per share negative impact in Q4.Says in 2017, jbt expects the acquisition to contribute $0.20 - $0.25 per share.In fiscal year 2016, the company expects deal to be accretive to earnings by about $0.10 - $0.15 per share.In 2017, jbt deliver double digit cash return on invested capital (roic), as co deploys jbt excellence model (jem) initiatives.In FY 2016, co expects a&b to contribute sales and EBITDA of approximately $100 million and $14 million, respectively.  Full Article

JBT Corp declares cash dividend
Friday, 14 Aug 2015 09:00am EDT 

JBT Corp:Declares cash dividend of $0.09 per share.Payable on Sept.7 to stockholders of record at the close of business on Aug. 24.  Full Article