JBT Corporation Stocks
JBT CORPORATION (JBT) Stocks
ABOUT JBT CORPORATION
? JBT Corporation (John Bean Technologies Corporation), a global technology solutions provider to the food-processing- and air-transportation industries, was incorporated in 2008 and has its headquarters in Chicago, Illinois in the United States.
? The company designs, manufactures, tests and services technologically sophisticated systems and products for its global clientele.
? The company’s roots can be traced back to the establishment of the Bean Spray Pump Company in 1884. The latter’s first product was a piston pump. The company was purchased by Anderson-Barngrover Co. and Spraque-Sells, and became the Food Machinery Corporation (FMC).
? FMC Technologies spun of its airport- and food-equipment business to form the John Bean Technologies Corporation.
? JBT’s acquisitions over the past few years include Stork Food & Dairy Systems and A&B Process Systems in 2015, and Avure Technologies, Inc. in 2017.
? The company’s Airport Equipment Division manufactures and services the Jetway brand of airport passenger loading bridges and ground-support equipment such as cargo loaders, de-icers and pushback tractors.
? Today, the company employs approximately 5 000 people across its operations.
HISTORY OF JBT CORPORATION
JBT Corporation provides technology solutions to the food and beverage industry with focus on proteins, liquid foods and automated systems solutions. The company operates via two primary segments: JBT FoodTech and JBT AeroTech.
The FoodTech segment designs, manufactures and services a range of technological food processing systems for fruit-juice-, frozen- and in-container food productions, as well as equipment and automated systems for convenience food preparation in the food industry.
The segment’s businesses include Protein, Liquid Foods and Automated Systems. JBT AeroTech designs, manufactures and services technological airport ground-support and gate equipment and delivers related services for airport authorities such as airlines, airfreight- and ground-handling companies, as well as for defence contractors and other industries.
Divisions in this segment include Mobile Equipment, Fixed Equipment and Airport Services.
The company also supplies the U.S. military with equipment for cargo loading and aircraft towing- and cooling.
JBT Corporation also has an automated guided vehicle business that offers material-handling solution for the printing, automotive, food & beverage, manufacturing, warehouse and hospital industries.
VISION & VALUES OF JBT CORPORATION
The JBT Corporation business strategy is founded on a single purpose and a set of values that apply across the entire organization.
It is underpinned by a strong foundation of “keeping customers first”. It values integrity, accountability, teamwork and innovation, and constantly strives to deliver value for customers and shareholders who purchase company shares.
It pursues improvement relentlessly and delivers on promises.
MARKET PERFORMANCE OF JBT CORPORATION
JBT Corporation trades on the New York Stock Exchange (NYSE) under the stock symbol “JBT”. The company is an S&P 600 component.
For the second fiscal quarter 2019, the company recorded revenue of US$ 493.3 million and operating income of US$ 47.0 million. Net income for this period was US$ 33.7 million.
This solid performance affords shareholders who buy or sell company shares the confidence to do so in the expectation of solid dividends and returns.