John Bean Technologies Full Year 2023 Earnings: EPS Beats Expectations
John Bean Technologies (NYSE:JBT) Full Year 2023 Results
Key Financial Results
Revenue: US$1.66b (down 23% from FY 2022).
Net income: US$129.3m (down 1.1% from FY 2022).
Profit margin: 7.8% (up from 6.0% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$4.04 (down from US$4.08 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
John Bean Technologies EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are down 5.8% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on John Bean Technologies' balance sheet health.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
