JBT Corporation Stocks


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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.