John Bean (JBT) Q1 Earnings Surpass Estimates, Increase Y/Y

John Bean Technologies Corporation (JBT) reported first-quarter 2024 adjusted earnings from continuing operations of 85 cents per share, up 39% from the year-ago quarter, reflecting cost savings from its supply-chain initiatives and restructuring program. The figure beat the Zacks Consensus Estimate of earnings of 82 cents per share.On a reported basis, the company’s earnings per share (from continuing operations) were 71 cents, a 34% improvement from the year-ago quarter’s 53 cents.Revenues of $392 million ...