JBT Stock Recent News

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.

John Bean (JBT) gains from solid demand and strategic actions amid supply-chain and inflation headwinds.

A healthy order backlog and a strong mix of recurring revenue should benefit the top line. The company is improving its bottom line by restructuring its cost structure.

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT) will report first quarter 2023 financial results after the market closes on Tuesday, April 25, 2023. A conference call is scheduled for 10:00 a.m. ET on Wednesday, April 26, 2023.

John Bean Technologies (JBT) is likely to benefit from solid backlog levels, a strategic acquisition program and innovative products. High costs and supply-chain disruption remain headwinds.

John Bean (JBT) reports year-over-year improvement in fourth-quarter revenues and earnings.