John Bean Technologies Corporation (JBT) reported adjusted earnings of $1.50 per share in third-quarter 2024, 35.1% higher than the prior-year quarter. The figure beat the Zacks Consensus Estimate of $1.41. Volume growth, gains from the company’s restructuring actions and supply-chain cost savings, and lower net interest expenses were instrumental in driving the results in the quarter. On a reported basis, the company’s earnings per share (from continuing operations) were $1.18 compared with the prior-year ...

John Bean (JBT) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.38%. A quarter ago, it was expected that this food processing and transportation services company would post earnings of $1.24 per share when it actually produced earnings of $1.05, delivering a surprise of -15.32%.Over ...

Exhibit 99.1 News Release | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|------------------------------------------| | | | | | | | | | | | | | | | | | JBT Corporation 70 W. Madison Suite 4400 | | | | | | | | | Chicago, IL 60602 | JBT Corporation Reports Strong Third Quarter 2024 Results and Reiterates Full Year 2024 Guidance for Revenue, Adjusted EBITDA, and Adjusted EPS Third Quarter Highlights: (Results are from continuing operations with compari ...

Core Viewpoint - JBT Bancorp, Inc. has appointed Gina Breslin to its Board of Directors, effective October 1, 2024, highlighting the company's commitment to enhancing its leadership team and operational excellence [1][3]. Group 1: Appointment Details - Gina Breslin is a Shareholder and Consultant at North Group Consultants, specializing in organizational health and leadership development [2]. - Breslin holds a bachelor's degree in Education from Eastern Mennonite University and has been recognized as a Woman of Influence by the Central Penn Business Journal in 2021 [3]. Group 2: Leadership Perspective - Troy A. Peters, President and CEO of JBT, expressed confidence in Breslin's ability to contribute positively to the Board and the company's future [3]. - Breslin emphasized the importance of a people-first approach in organizations, which aligns with JBT's mission to improve clients' financial lives [4]. Group 3: Community Involvement - Breslin is actively involved in her community, serving on the Board of Jubilee Ministries and participating in the Lancaster Chamber's NxtGen Mentoring Program [5].

John Bean Technologies (JBT, Financial) experienced a notable stock movement, with its price rising by 0.67% to reach $100.00 per share. The trading volume stood at 188,290 shares, with a turnover rate of 0.59% and a price fluctuation amplitude of 2.28%. Recent financial reports indicate that John Bean Technologies achieved a revenue of $403 million, net profit of $30.7 million, earnings per share of $0.96, and a gross profit of $146 million. The company's price-to-earnings ratio is currently 5.57x. There a ...

John Bean Technologies Corporation (JBT) has announced that the Financial Supervisory Authority of the Central Bank of Iceland has granted an extension to its voluntary takeover bid for Marel. This will buy JBT and Marel more time to secure regulatory approvals to close the transaction. John Bean's takeover offer for Marel was previously set to expire on Sep. 2, 2024. It will now close on either Nov. 11, 2024 or three weeks after obtaining all regulatory clearances. The resulting entity, JBT Marel Corporati ...

This quarterly report represents an earnings surprise of -15.32%. A quarter ago, it was expected that this food processing and transportation services company would post earnings of $0.82 per share when it actually produced earnings of $0.85, delivering a surprise of 3.66%. JBT shares have lost about 2.1% since the beginning of the year versus the S&P 500's gain of 14.5%. Ahead of this earnings release, the estimate revisions trend for JBT: favorable. While the magnitude and direction of estimate revisions ...

Comparisons in this news release are to the comparable period of the prior year, unless otherwise noted. An earnings presentation with supplemental information is also available on the Company's Investor Relations website at https://ir.jbtc.com/events-and-presentations/. of the year, we are anticipating double-digit year-over-year revenue growth in both the third and fourth quarter." Second quarter 2024 backlog totaled $697 million, and orders were $437 million. Orders improved 13 percent sequentially drive ...

Core Viewpoint - John Bean Technologies Corporation (JBT) is highlighted as a strong candidate for investors due to its consistent performance in beating earnings estimates and its positive outlook for future earnings reports [1]. Earnings Performance - In the last reported quarter, JBT achieved earnings of $0.85 per share, surpassing the Zacks Consensus Estimate of $0.82 per share, resulting in a surprise of 3.66% [2]. - In the previous quarter, JBT was expected to post earnings of $1.39 per share but delivered $1.40 per share, yielding a surprise of 0.72% [2]. - The company has an average surprise of 2.19% over the past two quarters, indicating a strong track record of exceeding earnings expectations [5]. Earnings ESP and Predictions - The Zacks Earnings ESP for JBT is currently positive at +0.41%, suggesting analysts are optimistic about the company's near-term earnings potential [10]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a high likelihood of another earnings beat in the upcoming report [10]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [8].

Core Viewpoint - The manufacturing sector, particularly stocks like Zebra Technologies, Powell Industries, and John Bean Technologies, presents strong investment opportunities due to their robust earnings growth projections and favorable market positions [2][4][5]. Manufacturing Sector Overview - The Zacks Manufacturing-Thermal Products Industry is in the top one percentile of approximately 250 Zacks industries, indicating strong performance and potential for growth [6]. - The Industrial Products sector ranks fifth out of 16 Zacks sectors, comprising five thriving business industries [15]. Company Highlights - **Zebra Technologies**: - Holds a Zacks Rank 1 (Strong Buy) with EPS expected to increase by 23% in fiscal 2024 and another 20% in FY25, reaching $14.60 per share [2]. - **Powell Industries**: - Has seen its stock soar over 100% in the last year, with earnings estimate revisions for FY24 and FY25 suggesting continued growth. The company is expected to see FY24 EPS spike 119% to $9.04 compared to $4.12 last year [4][18]. - Trades at a forward earnings multiple of 16X and has an overall "A" VGM Zacks Style Scores grade [18]. - **John Bean Technologies**: - Holds a Zacks Rank 2 (Buy) and is projected to see EPS soar by 25% in FY24 to $5.15, with an additional 8% increase expected in FY25 [7]. Performance Metrics - Both Zebra Technologies and John Bean Technologies have shown strong historical performance, with both stocks climbing over 200% in the last decade, outperforming the S&P 500's 190% increase [10].