JBT Stock Recent News

John Bean (JBT) expects to close the Marel deal by the end of 2024, creating a combined company, JBT Marel Corporation, with estimated revenues of around $4 billion.

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) has approved the offer document and prospectus related to JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). JBT will officially launch the offer on Monday, June 24, 2024. Voluntary T.

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that it expects the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) to imminently approve the offer document and prospectus related to JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). Following the FSA's approval of the required documents.

JBT (JBT) reported earnings 30 days ago. What's next for the stock?

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.