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John Bean Technologies Corp (JBT)

JBT on New York Consolidated

85.95USD
26 May 2017
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$-0.30 (-0.35%)
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Latest Key Developments (Source: Significant Developments)

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

JBT Corp acquires Avure, a leading provider of high pressure processing solutions
Monday, 27 Feb 2017 04:39pm EST 

John Bean Technologies Corp : Jbt corporation acquires avure, a leading provider of high pressure processing solutions . John bean technologies corp - purchase price is $57 million . John bean technologies corp - acquisition of avure expects to add annual revenue of approximately $50 million . John bean technologies corp - anticipates earnings accretion of $0.07 - $0.12 per share for 2018 and $0.12- $0.17 per share for 2019 from deal .John bean technologies corp sees approximately $0.05 per share of dilution for year in 2017 from deal.  Full Article

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

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BRIEF-John Bean Technologies enters into fourth amendment to credit agreement dated as of Feb 10, 2015

* 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