John Bean Technologies: Q2 Earnings Insights

Shares of John Bean Technologies JBT decreased in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 9.17% year over year to $1.19, which beat the estimate of $1.00.

Revenue of $475,500,000 up by 15.55% from the same period last year, which beat the estimate of $452,960,000.

Guidance

John Bean Technologies Sees Q3 EPS $1.10-$1.20 Vs. $1.19 Est., Sales $485M-$505M Vs. $481.4M Est.

Technicals

Company's 52-week high was at $151.64

52-week low: $80.74

Price action over last quarter: down 5.66%

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.