Type
|
Public |
---|---|
Traded as | NYSE: JBT S&P 600 Component |
Founded | 1884 (as the Bean Spray Pump Company) 1928 (as Food Machinery Corporation) 2001 (as FMC Technologies, Inc) 2008 (as JBT Corporation) |
Headquarters | Three First National Plaza Chicago, Illinois, United States |
Key people
|
Tom W. Giacomini, President, CEO and Chairman |
Products | Food processing equipment Jetways |
Revenue | $1,350 Million USD (2016) |
Net income
|
$67.6 Million USD (2016) |
Number of employees
|
approx 5,000 (2016) |
Website | [1] |
John Bean Technologies Corporation (JBT) is a leading global technology solutions provider to high-value segments of the food processing and air transportation industries. JBT designs, manufactures, tests and services technologically sophisticated systems and products for customers around the world.
Founded in 1884 as the Bean Spray Pump Company in Los Gatos, California by John Bean. The company's first product was a piston pump. Bean invented the pump to spray insecticide on the many fruit orchards in the area. A Bean sprayer is on display at the Forbes Mill museum there. Bean Avenue in downtown Los Gatos is named after John Bean.
In 1928, Bean Spray Pump purchased Anderson-Barngrover Co. and Sprague-Sells, and changed its name to Food Machinery Corporation, and began using the initials FMC. FMC received a contract to design and build landing vehicles tracked for the United States War Department in 1941. FMC also built the M113 (APC) Armored Personnel Carrier and the Bradley Fighting Vehicle as well as the XR311 at its former facility in Santa Clara, California. The troubled development of the Bradley was satirized in the 1998 HBO movie The Pentagon Wars. In the movie FMC was fictionalized as A.O.C corporation. Bean also manufactured fire fighting equipment in the 1960s through the 1980s under the FMC and the Bean names.
FMC also produced fire truck fire pumps and pumper bodies, and had an OEM arrangement with LTI (Ladder Towers Inc.) to market aerial ladders. In the early 1980s the Fire apparatus division of FMC tried to expand its role in aerial ladders on fire trucks, leveraging the Link-Belt crane division. FMC was ultimately unsuccessful in its expansion into production of aerial ladders. The FMC Fire Apparatus division was also ultimately shut down in 1990.
In 1946, FMC bought out Bolens Lawn And Garden Equipment. FMC changed names again in 1948, becoming Food Machinery and Chemical Corporation. In 1961 the name was changed to FMC Corporation.
In 1967, the FMC Corporation merged with the Link-Belt Company. The company produced FMC Link-Belt branded cranes and excavators. In 1986, the Link-Belt Construction Equipment Company was formed as a joint venture between FMC Corporation and Sumitomo Heavy Industries.
Between 1965 and 1985 FMC was the owner of the Gunderson metal works in Oregon USA, during that period it was known as the 'Marine and Rail Equipment Division of FMC' (MRED), it was sold in 1985 to The Greenbrier Companies.
In the 1980s, 1990s, and 2000s (decade), FMC Corporation began spinning several of its divisions into separate companies, including United Defense and FMC Technologies, and selling its divisions, including the John Bean Company, now a subsidiary of Snap-on Equipment, a division of Snap-on. Bolens was sold to Troy Built in 1991.
On April 30, 2008, FMC Technologies announced the spinoff of its airport and food equipment businesses into a separate company named John Bean Technologies Corporation, headquartered in Chicago, Illinois. JBT is named after the spray pump inventor whose business was the foundation of FMC Corp.
On August 3, 2015, JBT completed the acquisition of Stork Food & Dairy Systems, a Dutch company specializing in processing and filling equipment primarily for the dairy and juice industry that was previously part of Stork B.V.
On September 2, 2015, JBT announced the acquisition of A&B Process Systems, a privately held fabrication and installation company located in Wisconsin.
JBT Corporation is organized in two business segments: JBT FoodTech and JBT AeroTech.
JBT FoodTech provides solutions and services for food processing companies. Markets served include:
JBT AeroTech markets solutions and services to airport authorities, airlines, airfreight and ground handling companies. Product offerings include:
JBT AeroTech also supplies the United States military with equipment for cargo loading, aircraft towing, and aircraft cooling.
In addition, JBT Corporation has an automated guided vehicle business that supplies solutions for material handling in the automotive, printing, food & beverage, manufacturing, warehouse, and hospital industries.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-10-25 | Future report Set alerts | |
Q2 2022 | 2022-07-27 | 1.13 | 1.13 |
Q1 2022 | 2022-04-26 | 0.87 | 0.87 |
Q4 2021 | 2022-02-22 | 0.92 | 0.92 |
Q3 2021 | 2021-10-27 | 1.02 | 1.02 |
Q2 2021 | 2021-07-27 | 1.19 | 1.19 |
Q1 2021 | 2021-04-26 | 0.90 | 0.90 |
Q4 2020 | 2021-02-22 | 1.02 | 1.02 |
Q3 2020 | 2020-10-27 | 0.00 | 0.00 |
Q2 2020 | 2020-07-27 | 1.09 | 1.01 |
2016-06-17 | Initiated Coverage | BB&T Corp. | Buy | $75.00 |
2016-04-19 | Initiated Coverage | William Blair | Outperform | $70.00 |
2015-05-01 | Upgrade | Global Hunter Securities | Speculative Buy to Buy | |
2015-05-01 | Upgrade | Seaport Global Securities | Speculative Buy to Buy | |
2014-05-27 | Reiterated Rating | Global Hunter Securities | Buy | $40.00 to $35.00 |
2014-05-27 | Reiterated Rating | Seaport Global Securities | Buy | $40.00 to $35.00 |
2013-10-31 | Downgrade | CJS Securities | Market Perform | |
2013-09-25 | Initiated Coverage | Global Hunter Securities | Speculative Buy | |
2013-08-20 | Initiated | Global Hunter Securities | Speculative Buy | $31 |
2010-08-04 | Upgrade | CL King | Accumulate to Strong Buy | |
2009-09-29 | Reiterated | Dougherty & Company | Buy | $18.25 to $23.75 |
2009-03-05 | Upgrade | Dougherty & Company | Neutral to Buy | |
2008-11-06 | Initiated | Dougherty & Company | Neutral |
2016-06-17 | Initiated Coverage | BB&T Corp. | Buy | $75.00 |
2016-04-19 | Initiated Coverage | William Blair | Outperform | $70.00 |
2015-05-01 | Upgrade | Global Hunter Securities | Speculative Buy to Buy | |
2015-05-01 | Upgrade | Seaport Global Securities | Speculative Buy to Buy | |
2014-05-27 | Reiterated Rating | Global Hunter Securities | Buy | $40.00 to $35.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In JBT 223 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 5.27M |
Vanguard Group, Inc | 3.43M |
BlackRock Fund Advisors | 2.24M |
Champlain Investment Partners, LLC | 1.68M |
WELLINGTON MANAGEMENT CO LLP | 1.10M |
STATE STREET CORP | 1.09M |
ALLIANCEBERNSTEIN L.P. | 1.03M |
BlackRock Institutional Trust Company, N.A. | 0.97M |
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 0.97M |
Conestoga Capital Advisors, LLC | 0.92M |
BROWN ADVISORY INC | 0.69M |
ROYCE & ASSOCIATES LLC | 0.69M |
Arrowpoint Asset Management, LLC | 0.66M |
DIMENSIONAL FUND ADVISORS LP | 0.65M |
JPMORGAN CHASE & CO | 0.62M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
CANNON CHARLES H JR Executive Chairman | 0.83% (240731) | JBT / SXI / |
Giacomini Thomas President and CEO | 0.76% (221593) | CLC / DOV / JBT / MSA / |
Arvidsson Torbjorn Vice President | 0.48% (140694) | JBT / |
Dunn Kenneth C VP and General Counsel | 0.32% (94460) | JBT / |
MAMBU RONALD D VP,CFO, & Controller | 0.28% (80159) | JBT / |
Podesta Juan C Vice President | 0.24% (69298) | JBT / |
KAWALEK POLLY B | 0.23% (67277) | JBT / |
Lee John Vice President | 0.22% (64572) | JBT / |
FELDMAN ALAN D | 0.19% (55596) | FL / GNC / JBT / |
DEVINE CAROLINE MAURY | 0.17% (49465) | FTI / JBT / |
Deck Brian A VP & CFO | 0.17% (48973) | JBT / |
GOODWIN JAMES E | 0.17% (48923) | AIR / FSS / JBT / |
RINGLER JAMES M | 0.17% (48690) | ALV / DOW / FTI / INGR / JBT / TDC / |
Smith Steven R Vice President | 0.16% (46811) | JBT / |
BURDAKIN DAVID C Vice President | 0.13% (38125) | JBT / |
Rattigan Megan J CAO & Controller | 0.09% (26506) | JBT / |
Doheny Edward L II | 0.09% (25929) | JBT / JOY / SEE / |
Montague Mark K V.P., Human Resources | 0.07% (21611) | JBT / |
Marvin James L EVP, Gen Counsel, & Secretary | 0.07% (20902) | JBT / |
Fernandez Carlos EVP & President, Liquid Foods | 0.06% (17212) | JBT / |
Sengupta Debarshi EVP, Corporate Development | 0.05% (13833) | JBT / |
Sternlieb Paul EVP & President, Protein | 0.04% (10947) | JBT / |
Clayton Jason T EVP, Human Resourses | 0.02% (4942) | JBT / |