JBT Q4 2020 Earnings Report
Key Takeaways
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.
Revenue was $439 million, a 19% year-over-year decline.
Earnings per share was $0.94, or $1.02 as adjusted.
Orders increased 17% from the third quarter of 2020 and 2% compared to fourth quarter 2019.
Operating income was $43.5 million, a 30% year-over-year decline.
JBT
JBT
Forward Guidance
The Company expects FoodTech revenue growth of 5 - 8 percent in 2021 with operating margins in the range of 14.5 - 15.0 percent and adjusted EBITDA margins in the 19.5 - 20.0 percent range. At AeroTech, the Company expects revenue growth of 0 - 5 percent compared to 2020, with operating margins in the range of 10.75 - 11.25 percent and adjusted EBITDA margins in the 12.0 - 12.5 percent range.