Financial Data and Key Metrics Changes - JBT posted a year-over-year revenue growth of 16% in Q3 2022, with GAAP earnings per share of $1.07 compared to $0.91 in the prior year, and adjusted EPS of $1.27 versus $1.02 [10][15] - Operating cash flow for the year-to-date was $75 million, while free cash flow was $13 million, impacted by lower customer deposits and elevated inventory levels [15][16] - The net leverage ratio was 3.4x, expected to improve to approximately 3x by year-end due to improved profitability and lower debt [17] Business Line Data and Key Metrics Changes - FoodTech revenue increased by 11% year-over-year, with adjusted EBITDA margins of 19.3%, reflecting a 60 basis points improvement year-over-year [10][11] - AeroTech revenue grew by 32%, with adjusted EBITDA margins of 8.2%, although margins fell short of guidance due to input cost inflation and supply chain constraints [12][13] Market Data and Key Metrics Changes - FoodTech orders decreased by 9% year-over-year to $349 million, impacted by a negative $21 million from foreign exchange and softness in European demand [11] - AeroTech orders were $113 million, reflecting a decline year-over-year due to the timing of large projects, but the pipeline for infrastructure projects remains strong [13] Company Strategy and Development Direction - The company is focused on managing its cost structure, including a modest restructuring charge in Europe and tightening discretionary spending globally [8] - JBT aims to enhance its competitive position through acquisitions, having completed the acquisition of Bevcorp, which is expected to contribute positively to margins [31][32] - The company is committed to supporting customers' sustainability goals through innovative solutions that reduce environmental impact [28][30] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding macroeconomic uncertainties but remains optimistic about FoodTech's position due to stable demand in the food and beverage sector [7][23] - The backlog across FoodTech and AeroTech is nearly $1 billion, embedding better price-cost dynamics, with expectations for continued growth in 2023 [24][26] Other Important Information - The company anticipates a negative foreign exchange impact of approximately $85 million on revenue for the full year, affecting EBITDA and EPS [18] - For Q4 2022, JBT expects FoodTech revenue growth of 18% to 19.75%, and AeroTech revenue growth of 23.5% to 25.5% [19][20] Q&A Session Summary Question: Free cash flow conversion expectations for 2023 - Management indicated that a conversion above 100% of net income is a fair expectation for 2023, despite lower cash flow conversion in 2022 due to increased CapEx [37] Question: Deleveraging strategy and M&A outlook - Management confirmed a focus on reducing leverage to the target range of 2x to 3x, with M&A taking a backseat in the near term to prioritize debt reduction [38][42] Question: North American customer demand and order delays - Management noted that customers are currently experiencing decision-making delays but expressed confidence in a strong pipeline of opportunities and ongoing customer engagement [44][46] Question: Digital strategy engagement and commercial opportunities - Management reported positive engagement with customers regarding the OmniBlu digital strategy, with several contracts signed that are expected to generate revenue next year [50] Question: Lead times in FoodTech business - Management stated that lead times have extended from 6-9 months to 9-12 months, consistent with the overall marketplace [60]

John Bean Technologies Corporation (NYSE:JBT) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Kedric Meredith - Vice President, Corporate Development and Investor Relations Brian Deck - President and Chief Executive Officer Matt Meister - Executive Vice President and Chief Financial Officer Conference Call Participants Lawrence Maria - William Blair Walter Liptak - Seaport Global Securities LLC Mircea Dobre - Robert W. Baird & Co., Inc. Operator Good morning, and welcome to ...

| --- | --- | |-------|-------| | | | | | | | | | 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, including Elevate 2.0, acquisition strategies, long-term goals, and financial framework and guidance, which represent management's best judgment as of the date hereof, based on currently available i ...

70 West Madison Street, Suite 4400 Chicago, Illinois 60602 (Address of principal executive offices) (Zip code) 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, 2022 | or | | ☐ | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | For the transition period from ______ to ______ | Commis ...

| --- | --- | |-------|------------------------------------------| | | | | | | | | First Quarter 2022 Earnings Presentation | 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, including Elevate 2.0, acquisition strategies, long-term goals, and financial framework and guidance, which represent mana ...

(Exact name of registrant as specified in its charter) Delaware 91-1650317 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Commission File Number 1-34036 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q John Bean Technologies Corporation | ☒ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | --- | --- | | | For the quarterly period ended March 31, 2022 | | | or | | ☐ | Transition R ...

John Bean Technologies Corporation (NYSE:JBT) Q1 2022 Earnings Conference Call April 27, 2022 10:00 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 - Baird Michael McGinn - Wells Fargo John Joyner - BMO Steve Tusa - JP Morgan Emily Shu - Bank of America Larry De Maria - William Blair Operator Good morning, and welcome to JBT Corporation’ ...

| --- | --- | --- | |----------------------------------|-------|-------| | JBT Fourth Quarter and Full Year | | | | | | | 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 current ...

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, 2021 | | | 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) | | De ...

John Bean Technologies Corporation (NYSE:JBT) Q4 2021 Results Conference Call February 23, 2022 10:00 AM ET Company Participants Kedric Meredith - VP, Corporate Development and IR Brian Deck - CEO Matt Meister - CFO Conference Call Participants Michael McGinn - Wells Fargo Lawrence De Maria - William Blair Mig Dobre - Baird Steve Tusa - JP Morgan Walter Liptak - Seaport Research Andrew Obin - Bank of America Operator Good morning, and welcome to JBT Corporation’s Fourth Quarter and Full Year 2021 Earnings C ...