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John Bean Technologies Corp (JBT.N)

JBT.N on New York Stock Exchange

87.65USD
23 Aug 2017
Change (% chg)

$-0.80 (-0.90%)
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Latest Key Developments (Source: Significant Developments)

BRIEF-JBT Corp Q2 EPS $0.57 from continuing operations (July 31)
Tuesday, 1 Aug 2017 09:56am EDT 

Corrects sixth bullet to say company expects FY 2017 revenue up 19-20 pct, not FY 2017 revenue of about $20 mln:JBT Corp reports second quarter 2017 earnings.Sees Q3 2017 earnings per share $0.76 to $0.79.Q2 earnings per share $0.57 from continuing operations.Q2 revenue $386 million versus I/B/E/S view $381.6 million.Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue up 19 to 20 percent.Sees FY 2017 earnings per share $2.95 to $3.10.FY2017 earnings per share view $3.02, revenue view $1.58 billion -- Thomson Reuters I/B/E/S.For Q2 of 2017, inbound orders of $418 million increased 36 percent from prior year.Quarterly backlog improved 16 percent from year-ago period.Says JBT is raising its revenue growth guidance to 19 to 20 percent for year.Q3 earnings per share view $0.87 -- Thomson Reuters I/B/E/S.  Full Article

JBT Corp Q2 EPS $0.57 from continuing operations
Monday, 31 Jul 2017 04:15pm EDT 

July 31 (Reuters) - John Bean Technologies Corp ::JBT Corporation reports second quarter 2017 earnings.Sees Q3 2017 earnings per share $0.76 to $0.79.Q2 earnings per share $0.57 from continuing operations.Q2 revenue $386 million versus I/B/E/S view $381.6 million.Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.Sees fy 2017 revenue about $20 million.Sees fy 2017 earnings per share $2.95 to $3.10.Fy2017 earnings per share view $3.02, revenue view $1.58 billion -- Thomson Reuters I/B/E/S.John Bean Technologies Corp - for q2 of 2017, inbound orders of $418 million increased 36 percent from prior year.Qtrly backlog improved 16 percent from year-ago period.John Bean Technologies Corp - JBT is raising its revenue growth guidance to 19 to 20 percent for year.Q3 earnings per share view $0.87 -- Thomson Reuters I/B/E/S.  Full Article

JBT Corp acquires PLF International Ltd
Monday, 31 Jul 2017 04:05pm EDT 

July 31 (Reuters) - John Bean Technologies Corp -:JBT Corporation acquires PLF International Limited.Says ‍purchase price is £28 million​.John Bean Technologies Corp - ‍acquisition of PLF adds annual revenue of approximately $25 million​.John Bean Technologies Corp - ‍company anticipates earnings accretion of $0.03 - $0.05 per share for 2018 and $0.06 - $0.08 per share for 2019 from deal​.John Bean - ‍ costs & purchase price accounting associated with deal expected to have negative impact of about $0.03 per share on 2017 earnings​.  Full Article

JBT Corp signs definitive agreement to acquire manufacturer of military aviation equipment
Friday, 16 Jun 2017 07:30am EDT 

June 16 (Reuters) - John Bean Technologies Corp :JBT Corporation signs definitive agreement to acquire manufacturer of military aviation equipment.Says purchase price will be £10 million before customary post-closing adjustments.Says amss is expected to add annual revenue of approximately $20 million.Says anticipates earnings dilution of approximately $0.03 per share in 2017.Says anticipates accretion of approximately $0.04 per share in 2018.John Bean Technologies says signed an agreement to acquire aircraft maintenance support services ltd.  Full Article

John Bean Technologies enters into fourth amendment to credit agreement dated as of Feb 10, 2015
Monday, 15 May 2017 06:14am EDT 

May 15 (Reuters) - John Bean Technologies Corp :John Bean Technologies- on May 9, co, John Bean Technologies B.V., others entered into fourth amendment to credit agreement dated as of Feb 10, 2015.John Bean Technologies - credit agreement allows co to temporarily increase maximum allowable leverage ratio under credit agreement from 3.5x to 4.0x.John Bean Technologies - fourth amendment amends leverage ratio increase option to expand qualifying event, was previously single permitted acquisition having consideration in excess of $100 million.  Full Article

JBT Corp Q1 EPS $0.58 from continuing operations
Tuesday, 25 Apr 2017 04:15pm EDT 

April 25 (Reuters) - John Bean Technologies Corp ::JBT Corporation reports strong first quarter 2017 order, revenue and earnings growth.Sees Q2 2017 earnings per share $0.50 from continuing operations.Q1 earnings per share $0.58 from continuing operations.Sees Q2 2017 revenue about $380 million.Q1 revenue $345 million versus I/B/E/S view $312.9 million.Sees FY 2017 earnings per share $2.95 to $3.10 from continuing operations.Q1 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.Says now expects slightly higher revenue growth and lower segment margins for fy 2017.John Bean Technologies says raising forecast for FY 2017 organic revenue growth to 4 to 6 percent, compared with previous guidance of 3 to 5 percent.  Full Article

John Bean Technologies sees $1.7 bln - $1.8 bln in sales and about 15 pct EPS growth under 2016-2019 strategy
Monday, 27 Mar 2017 05:40pm EDT 

John Bean Technologies Corp :Sees $1.7 billion - $1.8 billion in sales and about 15 percent EPS growth under 2016-2019 strategy.  Full Article

John Bean Technologies Corporation prices public offering of common stock
Tuesday, 7 Mar 2017 07:25pm EST 

John Bean Technologies Corp : John Bean Technologies Corporation prices public offering of common stock .Says public offering of 2.00 million common shares priced at $85.00 per share.  Full Article

John Bean Technologies announces public offering of 2 mln shares of common stock
Monday, 6 Mar 2017 04:01pm EST 

John Bean Technologies Corp : John Bean Technologies Corp says has commenced an underwritten public offering of 2 million shares of company's common stock, par value $0.01 per share . John Bean Technologies Corporation announces public offering of 2,000,000 shares of common stock .John Bean Technologies - intends to use proceeds it receives from offering to repay a portion of co's outstanding borrowings under revolving credit facility.  Full Article

John Bean Technologies reports Q4 earnings per share $0.78 from cont ops
Monday, 27 Feb 2017 04:42pm EST 

John Bean Technologies Corp : John bean technologies says prior to discrete tax benefit, expects q1 earnings to be roughly flat y-o-y . JBT corporation reports record revenue and earnings in 2016 . Sees fy 2017 earnings per share $3.05 to $3.20 including items . Q4 adjusted earnings per share $0.85 from continuing operations excluding items . Q4 earnings per share $0.78 from continuing operations . Sees fy 2017 revenue up about 15 percent . Q4 earnings per share view $0.67 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $2.90, revenue view $1.51 billion -- Thomson Reuters I/B/E/S . Anticipates segment operating margin expansion of approximately 50 basis points in fy . Sees 2017 organic revenue growth of 3 - 5 percent . year-end 2016 backlog improved 7 percent compared to year-end 2015 .Qtrly revenue $405.0 million versus $354.4 million.  Full Article

CORRECTED-BRIEF-JBT Corp Q2 EPS $0.57 from continuing operations (July 31)

(Corrects sixth bullet to say company expects FY 2017 revenue up 19-20 pct, not FY 2017 revenue of about $20 mln) John Bean Technologies Corp: