UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q | ☒ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | --- | --- | | | For the quarterly period ended June 30, 2021 or | | ☐ | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | | For the transition period from ______ to ______ Commission File Number 1-34036 | John Bean Technologies Corporation (Exact name of registrant as specified in its cha ...

JBT Q2 2021 Earnings Call July 2021 These slides and the accompanying presentation contain "forward-looking" statements, including statements about management's expectations regarding trends in the food and air transportation markets, strategic initiatives, acquisition strategies and long-term goals, which represent management's best judgment as of the date hereof, based on currently available information. Actual results may differ materially from those contained in such forward-looking statements. JBT Corp ...

John Bean Technologies Corporation (NYSE:JBT) Q2 2021 Earnings Conference Call July 28, 2021 10:00 AM ET Company Participants Kedric Meredith - Vice President of Corporate Development and Investor Relations Brian Deck - Chief Executive Officer Matt Meister - Chief Financial Officer Conference Call Participants Lawrence De Maria - William Blair Mig Dobre - Robert W. Baird & Company Michael McGinn - Wells Fargo Securities Joel Tiss - BMO Walter Liptak - Seaport Global Stephen Tusa - JPMorgan Emily Shu - Bank ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | | FORM 10-Q | | --- | --- | | ☒ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | | For the quarterly period ended March 31, 2021 | | | or | | ☐ | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | | For the transition period from ______ to ______ | Commission File Number 1-34036 John Bean Technologies Corporation (Exact name of registrant as specifi ...

JBT Q1 2021 Earnings Call April 2021 2 Forward-Looking and Non-GAAP Statements These slides and the accompanying presentation contain "forward-looking" statements, including statements about management's expectations regarding trends in the food and air transportation markets, strategic initiatives, acquisition strategies and long-term goals, which represent management's best judgment as of the date hereof, based on currently available information. Actual results may differ materially from those contained i ...

Financial Data and Key Metrics Changes - JBT reported a strong first quarter with a year-over-year revenue growth of 1% in FoodTech and a decline of 28% in AeroTech [9][11] - Adjusted diluted earnings per share from continuing operations were $0.90, while GAAP EPS was $0.84 [11] - Free cash flow significantly exceeded expectations at $78 million, improving the bank leverage ratio to 1.9x and increasing overall liquidity to $496 million [12][13] Business Line Data and Key Metrics Changes - FoodTech experienced a 22% year-over-year growth in orders, with operating margins of 13.3% and adjusted EBITDA margins of 18.7% [9][10] - AeroTech's operating margins were 9.3% with adjusted EBITDA margins of 10.7%, exceeding expectations due to favorable equipment mix and good cost control [10] - The company raised its full-year revenue growth guidance for FoodTech to 9% to 11%, up from 5% to 8% [14] Market Data and Key Metrics Changes - North America and Asia Pacific regions showed strong demand, while South America improved significantly, and Europe remained volatile [19] - FoodTech orders reached a record $386 million, driven by increased demand from food processors [18] Company Strategy and Development Direction - JBT is focusing on strategic acquisitions to enhance FoodTech's competitive position and is actively evaluating opportunities in equipment and service capabilities [25] - The company aims to address supply chain challenges and inflationary pressures while maintaining a strong commercial activity in FoodTech [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a meaningful sequential ramp in performance through the next three quarters despite ongoing operational challenges [8] - The company anticipates that inflationary pressures and supply chain constraints will continue to impact margins, leading to a slight reduction in margin guidance [14][13] Other Important Information - The company expects to invest in inventory to support sales growth in both FoodTech and AeroTech in the upcoming quarters [44] - Labor market tightness is affecting costs, particularly in the U.S., which is being accounted for in the company's guidance [71] Q&A Session Summary Question: Insights on FoodTech orders and customer concentration - Management noted broad-based strength across customer segments, with notable demand in poultry, meat alternatives, and seafood [29][30] Question: Trends in new capacity and product development - The increase in capacity is primarily driven by customer needs to meet retail and quick-service restaurant demands [32] Question: Sustainability of current order levels - Management indicated that recent orders reflect pent-up demand rather than restocking, with a baseline order run rate expected to be around $340 to $350 million per quarter [36] Question: M&A strategy and deal size - The company is considering both larger and smaller deals, focusing on enhancing capabilities in food processing and packaging [39] Question: Impact of inflation on margins - Management acknowledged inflationary pressures affecting margins, with expectations for pricing adjustments to offset these costs [68] Question: Labor market conditions - The labor market is tight, impacting both direct labor and professional roles, which is reflected in the company's cost structure [71]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-34036 John Bean Technologies Corporation (Exact name of registrant as specified in its charter) Delaware 91-1650317 (State or other jurisdiction of incorporation or org ...

John Bean Technologies Corporation (NYSE:JBT) Q4 2020 Earnings Conference Call February 23, 2021 10:00 AM ET Company Participants Megan Rattigan - VP, IR Brian Deck - CEO Matthew Meister - CFO Conference Call Participants Joel Tiss - BMO Lawrence De Maria - William Blair Allison Poliniak - Wells Fargo Mig Dobre - Robert W. Baird Todd Brooks - CL King & Associates Steve Tusa - JPMorgan Emily Shu - Bank of America Operator Good morning, and welcome to JBT Corporation's Fourth Quarter and Full Year 2020 Earnin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | | FORM 10-Q | | --- | --- | | ☒ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | | For the quarterly period ended September 30, 2020 | | | or | | ☐ | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | | For the transition period from ______ to ______ | | | Commission File Number 1-34036 | John Bean Technologies Corporation (Exact name of registrant ...

Financial Data and Key Metrics Changes - JBT posted net income of $17.2 million and diluted earnings per share from continuing operations of $0.54, with adjusted EPS at $0.83 and adjusted EBITDA at $59.7 million in Q3 2020 [17][18] - Free cash flow for the third quarter was $53 million, with net debt declining by $42 million to $548 million, and total liquidity standing at $448 million [18] - Adjusted earnings and EBITDA declined sequentially as some short-term cost actions moderated as expected [17] Business Line Data and Key Metrics Changes - FoodTech revenue declined less than 1% sequentially, outperforming the forecasted 10% to 12% contraction, with operating margins at 12.6% and adjusted EBITDA margins at 18.1% [12][13] - AeroTech revenue increased 9% sequentially, with operating margins impacted by $1.9 million in inventory write-offs, and adjusted EBITDA margins expanded by 150 basis points [14] Market Data and Key Metrics Changes - North America saw a rebound in quick service restaurant (QSR) drive-through business, contributing significantly to order gains, while Latin America remained soft [24] - Asia showed strengthening as expected, while Europe improved but not at the anticipated pace, and Latin America continued to struggle [24][61] Company Strategy and Development Direction - JBT is focused on enhancing customer priorities such as food safety, yield efficiency, and automation in food production, with a strong emphasis on digital experience and customer interaction [28][29] - The company is transitioning from an equipment supplier to a solutions partner, looking to invest in technologies that support customer needs [33][90] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery, noting that while access to customers has improved, the ongoing COVID-19 pandemic remains a risk [32] - The outlook for AeroTech suggests that the bottom has been reached, with expectations for organic growth in 2021, particularly in infrastructure projects [36][40] Other Important Information - The company recorded exit costs of $9 million in Q3 related to manufacturing capacity rationalizations, with expected incremental savings of approximately $5 million in 2021 [16] - JBT's M&A strategy remains active, with a focus on targets that meet financial and strategic criteria, although there is no urgency to complete deals [89][90] Q&A Session Summary Question: Outlook for AeroTech in 2021 - Management believes AeroTech has seen the bottom in customer activity and engagement, with solid infrastructure projects expected in 2021 [36][40] Question: FoodTech's QSR performance - The QSR trend is strong due to increased demand for portioning and automation, with expectations for continued orders in the fourth quarter [42][45] Question: Free cash flow and inventory management - Free cash flow was strong due to improved inventory management and a focus on cash flow, with expectations for slightly positive free cash flow in Q4 [80][81] Question: Pricing environment and M&A outlook - There has been pricing pressure in the market, but the company remains disciplined in its M&A strategy, focusing on strategic acquisitions without urgency [88][89]