JBT Earnings Reports

JBT reported Q4 2024 revenue of $467.6 million, reflecting year-over-year growth. However, the company posted a net loss of $7 million due to M&A-related costs and pension settlement expenses. Adjusted EBITDA improved by 14% to $92.1 million, and adjusted EPS reached $1.70. Record orders of $523.1 million were achieved, highlighting strong demand.

JBT Corporation reported a strong third quarter in 2024, achieving double-digit year-over-year growth in revenue and adjusted EBITDA. The company's performance was driven by recovery in demand from global poultry customers and diverse end market solutions. JBT is reiterating its guidance for revenue, adjusted EBITDA, and adjusted EPS.

JBT Corporation reported second quarter 2024 results with strong orders of $437 million. Revenue was $402 million, a decrease of 6 percent year over year. Income from continuing operations increased 8 percent to $31 million, with earnings per share of $0.95 and adjusted earnings per share of $1.05, both increasing 8 percent.

JBT Corporation reported a 1% increase in revenue to $392 million for Q1 2024. Income from continuing operations increased by 33% to $23 million, with adjusted EBITDA up 6% to $57 million. The company reiterates its full-year 2024 adjusted EBITDA and adjusted EPS guidance.

JBT Corporation reported a 1% increase in revenue to $445 million for Q4 2023. Income from continuing operations increased by 69% to $53 million, including an $11 million discrete tax benefit. Adjusted EBITDA rose by 18% to $81 million, with adjusted EPS increasing by 24% to $1.40.

JBT Corporation reported a 1% increase in revenue to $404 million. Income from continuing operations increased by 19% to $31 million, with adjusted EBITDA increasing by 9% to $66 million. Orders increased by 14% to $398 million and backlog increased by 4% to $689 million.

JBT Corporation reported a 9 percent increase in revenue from continuing operations to $428 million for the second quarter of 2023. Income from continuing operations increased 8 percent, and adjusted EBITDA increased 34 percent. The company completed the sale of AeroTech to Oshkosh Corporation.

JBT Corporation reported a 13% increase in revenue to $530 million for the first quarter of 2023. Net income remained consistent at $26 million, while adjusted EBITDA increased by 30% to $70 million. Adjusted earnings per share increased by 7% to $0.94. The company's backlog reached $1.2 billion, with orders totaling $638 million, a 13% increase.

JBT Corporation reported strong fourth-quarter results with a 20% increase in consolidated revenue and significant growth in earnings per share. The company's FoodTech segment saw revenue growth of 20%, and AeroTech revenue increased by 23%. The company is optimistic about continued growth in 2023, driven by its resilient business model, recent acquisitions, and diverse product offerings.

JBT Corporation reported a 16% increase in consolidated revenue to $555 million in Q3 2022. Earnings per share increased by 18% to $1.07, and adjusted earnings per share increased by 25% to $1.27. The company completed the acquisitions of Alco and Bevcorp during the quarter.

JBT Corporation reported strong second-quarter results with a 14% increase in revenue to $542 million and earnings per share of $1.04 ($1.13 as adjusted). The company navigated a challenging operating environment with strong demand in FoodTech and AeroTech, while also announcing the acquisition of Bevcorp to expand its presence in the beverage processing and packaging market.

JBT Corporation reported a 16% increase in orders year-over-year, reaching $566 million, and a record backlog of $1.1 billion, up 43% year-over-year. Revenue increased by 12% to $469 million. However, the company faced challenges from supply chain disruptions, inflation, and labor shortages, impacting productivity and margins. Diluted earnings per share were $0.80, or $0.87 as adjusted.

JBT Corporation reported a 13% increase in revenue for Q4 2021, reaching $498 million. EPS was $0.99, or $0.92 as adjusted. The company experienced challenges due to supply chain disruptions and labor shortages, impacting productivity and output.

JBT Corporation reported a 14% increase in revenue to $477 million for the third quarter of 2021. While demand remained strong, intensifying macro pressures, including material cost inflation, supply chain disruptions, and labor shortages, negatively impacted the results.

JBT Corporation reported strong second-quarter results, exceeding expectations for revenue and earnings, driven by record orders. The company is adjusting its full-year guidance to reflect robust commercial activity, increased cost pressures, and supply chain disruptions.

JBT Corporation reported a revenue of $418 million. FoodTech orders increased by 22% year-over-year, and the company generated $85.7 million in operating cash flow and $77.6 million in free cash flow.

JBT Corporation reported a revenue of $439 million and an EPS of $0.94 for the fourth quarter of 2020. Orders increased 17% from the third quarter of 2020. The company remained profitable due to its diversified product line and disciplined cost control.

JBT Corporation reported a revenue of $419 million for the third quarter of 2020, a 14 percent decrease year-over-year. The company's earnings per share was $0.54, or $0.83 as adjusted. Despite the revenue decline, orders increased sequentially by 18% at FoodTech and 35% at AeroTech. The company generated $140 million in free cash flow in the first three quarters of 2020.

JBT Corporation reported second quarter 2020 results, demonstrating resilience amidst the COVID crisis. The company improved margins despite a decline in revenue, bolstered the balance sheet with outstanding free cash flow generation, and benefited from the stability provided by a large and profitable recurring revenue base.

JBT Corporation reported a 10% increase in revenue to $457.7 million for the first quarter of 2020. Operating income was $43.7 million and net income was $29.0 million. Adjusted EBITDA expanded 28% to $65.7 million.

JBT Corporation expanded its Board of Directors to nine members and appointed Lawrence V. Jackson, former President and CEO of Walmart's Global Procurement Division, to the Board effective March 9, 2020. Jackson brings extensive experience in food-related business operations and global procurement strategies.