John Bean Technologies: Q4 Earnings Insights
Shares of John Bean Technologies (NYSE:JBT) rose 4.5% in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share fell 32.00% year over year to $1.02, which beat the estimate of $0.89.
Revenue of $439,400,000 declined by 19.45% year over year, which beat the estimate of $426,260,000.
Guidance
John Bean Sees Q1 Adj. EPS $0.70-$0.80 vs $0.89 Estimate; FY21 Adj. EPS $4.30-$4.55 vs $4.34 Est.
Price Action
52-week high: $134.67
52-week low: $56.17
Price action over last quarter: Up 59.60%
Company Profile
John Bean Technologies is a mid-cap, diversified industrial conglomerate that spun out of FMC Technologies in August 2008. Over half of JBT's sales are made in the United States. The firm operates through two segments: JBT FoodTech and JBT AeroTech. FoodTech provides both customized and turnkey industrial solutions for the food and beverage industry, including a large variety of protein processing and packaging solutions, as well as fruit and juice extraction and ready-to-eat solutions. Aerotech sells solutions to airport authorities, passenger airlines, airfreight firms, and defense contractors, among others. These solutions include gate equipment, as well as commercial and military cargo loading, aircraft deicing, and aircraft ground power and cooling system products.
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