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John Bean Technologies Corporation (NYSE:JBT ) Q2 2023 Earnings Conference Call August 2, 2023 9:30 AM ET Company Participants Kedric Meredith - Vice President, Corporate Development and Investor Relations Brian Deck - Chief Executive Officer Matt Meister - Chief Financial Officer Conference Call Participants Mig Dobre - RWBaird Walter Liptak - Seaport Research Lawrence De Maria - William Blair Operator Good morning, and welcome to JBT Corporation's Second Quarter 2023 Earnings Conference Call. My name is Bo, and I will be your conference operator today.
John Bean (JBT) reports a year-over-year improvement in second-quarter 2023 earnings, aided by higher orders and savings from restructuring actions. It completes the sale of the AeroTech segment.
John Bean (JBT) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.13 per share a year ago.
Improved order levels and a pickup in deliveries due to the easing of supply-chain headwinds, and gains from acquisitions in the FoodTech segment are likely to have aided John Bean (JBT) in Q2.
CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT) will report second quarter 2023 financial results after the market closes on Tuesday, August 1, 2023. A conference call is scheduled for 09:30 a.m. ET on Wednesday, August 2, 2023. Please register in advance to participate in the conference call: Conference Call Registration Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access th.
John Bean (JBT) has been gaining on better-than-expected Q1 results, solid order levels and its decision to sell the AeroTech segment to become a pure-play provider of food and beverage solutions.
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John Bean (JBT) inks a deal to sell its AeroTech Business to Oshkosh to become a pure-play provider of food and beverage solutions.
Vehicles and equipment maker Oshkosh Corp. OSK, -0.22% announced Tuesday an agreement to pay $800 million in cash to buy John Bean Technologies Corp.'s JBT, +2.75% AeroTech business. Shares of both Oshkosh and JBT were still inactive in the premarket.
John Bean (JBT) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.87 per share a year ago.