Last $30.30 USD
Change Today +0.30 / 1.00%
Volume 52.1K
JBT On Other Exchanges
Symbol
Exchange
New York
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As of 4:15 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

john bean technologies corp (JBT) Snapshot

Open
$30.00
Previous Close
$30.00
Day High
$30.57
Day Low
$29.87
52 Week High
01/22/14 - $32.83
52 Week Low
04/22/13 - $19.26
Market Cap
882.9M
Average Volume 10 Days
95.9K
EPS TTM
$1.18
Shares Outstanding
29.1M
EX-Date
03/6/14
P/E TM
25.6x
Dividend
$0.36
Dividend Yield
1.19%
Current Stock Chart for JOHN BEAN TECHNOLOGIES CORP (JBT)

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john bean technologies corp (JBT) Details

John Bean Technologies Corporation provides technology solutions for the food processing and air transportation industries. The company operates in two segments, JBT FoodTech and JBT AeroTech. The JBT FoodTech segment provides industrial solutions and services used in the food processing industry. This segment offers freezer solutions for the freezing and chilling of meat, seafood, poultry, ready-to-eat meals, fruits, vegetables, and dairy and bakery products; protein processing solutions that portion, coat, and cook poultry, meat, seafood, vegetables, and bakery products; in-container processing solutions for fruits, vegetables, soups, sauces, dairy, and pet food products, as well as ready-to-eat meals in various packages; and fruit and juice processing solutions, which extract, concentrate, and aseptically process citrus, tomato, and other fruits and juices; and automatic guided vehicles for material handling in the food and beverage, manufacturing, warehouse, automotive, hospital, and printing industries. This segment markets its solutions and services to multi-national and regional industrial food processing companies. The JBT AeroTech segment provides ground support equipment for cargo loading, aircraft deicing, and towing; gate equipment for passenger boarding, on the ground aircraft power, and cooling; airport services for maintenance of airport equipment, systems, and facilities; and military equipment for cargo loading, aircraft towing, aircraft power, and on the ground aircraft cooling. This segment markets its solutions and services to airport authorities, passenger airlines, airfreight and ground handling companies, and military forces. The company sells and markets its products and services through direct sales force, independent distributors, and sales representatives in the United States and internationally. John Bean Technologies Corporation is headquartered in Chicago, Illinois.

3,300 Employees
Last Reported Date: 03/7/14

john bean technologies corp (JBT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.4M
Executive Chairman
Total Annual Compensation: $761.4K
Chief Sustainability Officer, Vice President ...
Total Annual Compensation: $338.2K
Vice President of Corporate Finance
Total Annual Compensation: $382.5K
Vice President and Division Manager of Food S...
Total Annual Compensation: $435.1K
Compensation as of Fiscal Year 2013.

john bean technologies corp (JBT) Key Developments

JBT Wins Contract to Supply Gate Equipment at North American Airport

JBT Corporation has announced that its JBT AeroTech business has won a contract valued in excess of $7 million for the supply of gate equipment at a North American international airport. The contract includes the supply of Jetway passenger boarding bridges and walkways, JetAire preconditioned air units, JetPower ground power units and other auxiliary products. The order was received in the first quarter of 2014 with the project currently scheduled to ship by the third quarter of 2014.

John Bean Technologies Corporation Announces Retirement of Kenneth C. Dunn as Vice President, Assistant Secretary and General Counsel, Effective from April 30, 2014

John Bean Technologies Corporation announced that the Kenneth C. Dunn, Vice President, Assistant Secretary and General Counsel, notified the company that he intends to retire from his current position effective April 30, 2014, and he will provide transitional legal and corporate sustainability advice and services to the company through June 30, 2014.

JBT Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of 2014

JBT Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, revenue was $288.1 million against $292.9 million a year ago. Operating income was $20.2 million against $28.8 million a year ago. Income from continuing operations before income taxes was $19.0 million against $27.1 million a year ago. Income from continuing operations was $13.7 million or $0.46 per diluted share against $19.0 million or $0.64 per diluted share a year ago. Net income was $13.6 million or $0.46 per diluted share against $18.5 million or $0.63 per diluted share a year ago. Adjusted diluted earnings per share from continuing operations were $0.54. For the year, revenue was $934.2 million against $917.3 million a year ago. Operating income was $53.2 million against $60.9 million a year ago. Income from continuing operations before income taxes was $47.8 million against $54.0 million a year ago. Income from continuing operations was $34.0 million or $1.15 per diluted share against $37.1 million or $1.26 per diluted share a year ago. Net income was $33.1 million or $1.11 per diluted share against $36.2 million or $1.23 per diluted share a year ago. Cash provided by continuing operating activities was $63.1 million against $86.6 million a year ago. Capital expenditures were $29.2 million against $24.7 million a year ago. Adjusted diluted earnings per share from continuing operations were $1.26. For the first quarter, the company expects revenue to increase by about 10% over the first quarter of 2013. Due to an unfavorable sales mix and higher corporate expense in the quarter, diluted earnings per share from continuing operations is expected to be slightly above breakeven, compared to $0.14 in the first quarter of 2013. This estimate excludes restructuring charges the company plans to incur in the first quarter. For the full year, the company anticipates a revenue growth in the mid-single digit range. The company expects total segment operating margin in 2014 to remain flat relative to 2013, excluding benefits from operational excellence and restructuring initiatives. While these initiatives will impact 2014 earnings, the actions are expected to drive future margin expansion and significant earnings growth. The company expects its 2014 tax rate to be in a range of 31% to 33%.

 

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JBT

Industry Average

Valuation JBT Industry Range
Price/Earnings 26.2x
Price/Sales 0.9x
Price/Book 5.6x
Price/Cash Flow 26.4x
TEV/Sales 0.8x
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