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John Bean (JBT) is likely to gain from its expected savings from restructuring actions and a pending merger with Marel despite high costs.
John Bean (JBT) reports a year-over-year improvement in Q1 earnings, courtesy of strong operational performance and the execution of its supply-chain initiatives.
John Bean Technologies Corporation (NYSE:JBT ) Q1 2024 Earnings Conference Call May 2, 2024 9:30 AM ET Company Participants Kedric Meredith - Vice President, Corporate Development and Investor Relations Brian Deck - President and Chief Executive Officer Matthew Meister - Executive Vice President and Chief Financial Officer Conference Call Participants Joe Grabowski - Robert W. Baird & Co., Inc. Walter Liptak - Seaport Global Securities LLC Operator Good morning, and welcome to JBT Corporation's First Quarter 2024 earnings conference call.
John Bean (JBT) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.94 per share a year ago.
JBT (JBT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
John Bean (JBT) anticipates the Marel transaction to close by the end of 2024.
JBT (JBT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
JBT (JBT) reported earnings 30 days ago. What's next for the stock?
ESEA, HNI, VRT, VMEO and JBT have been added to the Zacks Rank #1 (Strong Buy) List on February 26, 2023.
John Bean (JBT) reports a year-over-year improvement in Q4 earnings per share, courtesy of a strong operational performance and the execution of its supply-chain initiatives.