John Bean Technologies Records Impressive Q3 Results with Surpassing Earnings and Revenue Estimates
April 26, 2023
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John Bean Technologies ($NYSE:JBT) (JBT) recently reported its third-quarter earnings, surpassing analyst estimates with impressive results. The company offers a wide range of products and services, from equipment and automation systems to specialty food processing and packaging solutions. It is headquartered in Chicago, Illinois. In the last quarter, JBT reported strong performance across its product lines, not just in terms of revenue but also in terms of orders and backlogs.
This is a testament to the company’s commitment to providing innovative solutions to its customers and meeting their needs. Investors are optimistic about the outlook of JBT, as the company is well positioned to capitalize on the increasing demand for food and beverage automation solutions in the near future.
Market Price
Despite the strong performance, JBT stock opened at $105.9 and closed at $102.5, down by 4.7% from its last closing price of 107.5. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for JBT. More…
| Total Revenues | Net Income | Net Margin |
| 2.17k | 130.7 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for JBT. More…
| Operations | Investing | Financing |
| 142.3 | -416.1 | 270.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for JBT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.58k | 1.72k | 27.12 |
Key Ratios Snapshot
Some of the financial key ratios for JBT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | -4.6% | 7.8% |
| FCF Margin | ROE | ROA |
| 2.5% | 12.6% | 4.1% |
Analysis
GoodWhale has conducted an analysis of the financials of JOHN BEAN TECHNOLOGIES. We used our proprietary Star Chart to evaluate the company’s financial health. Our analysis revealed that JOHN BEAN TECHNOLOGIES is strong in asset, dividend, and profitability while medium in growth. Based on our findings, we conclude that JOHN BEAN TECHNOLOGIES is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given its stability and financial health, there are various types of investors who may be interested in the company. For example, conservative investors that favor income and capital preservation may be attracted to companies like JOHN BEAN TECHNOLOGIES, as it offers a steady stream of dividend income. More aggressive investors may also be interested in its growth prospects, as well as its strength in terms of assets and profitability. Additionally, JOHN BEAN TECHNOLOGIES has a high health score of 8/10 considering its cashflows and debt. This means that the company is capable to safely ride out any crisis without the risk of bankruptcy. This is further supported by its strong asset and dividend position. Overall, our analysis of JOHN BEAN TECHNOLOGIES reveals that the company is in a strong financial position and is an attractive option for various types of investors. More…
Peers
The company’s products are used by customers in more than 100 countries around the world. John Bean Technologies Corp has a strong competitive position in the market, with a wide range of products and a global customer base. The company’s competitors include Dover Corp, Shenzhen Genvict Technologies Co Ltd, Crawford United Corp.
– Dover Corp ($NYSE:DOV)
Dover Corporation is a global manufacturer of industrial products and components. The company’s products are used in a variety of industries, including aerospace, transportation, energy, and medical. Dover’s products are sold through a network of distributors and retailers. The company has a market cap of 18.29B as of 2022 and a Return on Equity of 22.89%. Dover is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol DOV.
– Shenzhen Genvict Technologies Co Ltd ($SZSE:002869)
Shenzhen Genvict Technologies Co Ltd has a market cap of 4.08B as of 2022. The company’s return on equity is -3.9%.
Shenzhen Genvict Technologies Co Ltd is a leading provider of Internet of Things (IoT) solutions. The company’s products and solutions are used in a wide range of industries, including smart city, transportation, energy, environment, healthcare, and manufacturing.
– Crawford United Corp ($OTCPK:CRAWA)
Crawford United Corp is a publicly traded company with a market capitalization of $61.6 million as of 2022. The company has a return on equity of 10.27%. Crawford United Corp is engaged in the business of providing engineering, construction and maintenance services to the energy, industrial and commercial markets.
Summary
John Bean Technologies (JBT) reported their Non-GAAP earnings per share (EPS) of $0.94 in the recent quarter, which beat the consensus analyst estimate by $0.21. Revenue reported in the same period was $530 million, surpassing the expectations by $16.46 million. Despite beating expectations, the stock price moved down on the same day, hinting at investors’ sentiment surrounding the company’s financial performance. Further analysis is needed to determine what caused this drop and if this is an opportunity for investors to buy or to take profits.
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