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John Bean

Zacks.com

John Bean (JBT) Revenues and Earnings Miss Estimates in Q4

JBT - Free Report) reported adjusted earnings of 92 cents per share in fourth-quarter 2021, which missed the Zacks Consensus Estimate of $1.12. Adjusted earnings per share in the quarter fell short of the company’s quarterly guidance of $1.05-$1.15. The bottom line declined 10% from the prior-year quarter. The company has been witnessing strong demand and improved orders through the quarter but higher material and labor costs negated these gains. Shortages of critical materials, in particular, electronic components, along with labor availability issues, impacted productivity and output at both AeroTech and FoodTech.
FINANCIAL REPORTS
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Entrepreneur

John Bean (JBT) Bets on Orders & Acquisitions Amid High Costs

John Bean Technologies Corporation JBT has been benefiting from higher order trends in both its segments — JBT FoodTech and JBT AeroTech. The company’s strategic acquisition program to add complementary products to its portfolio and efforts to develop innovative products have been driving growth as well. Raw material inflation, supply chain and logistics disruptions and higher labor costs are expected to weigh on its margins this year. However, the company’s Elevate plan to drive margin expansion, focus on process optimization efforts and its cost-cutting actions will aid margins.
INDUSTRY
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bodyshopbusiness.com

John Bean to Showcase New Tru-Point ADAS Calibration System at SEMA

The new John Bean Tru-Point advanced driver-assistance system (ADAS) calibration system will be on display and available for demonstrations at the SEMA Show Nov. 2-5 at the Las Vegas Convention Center (LVCC). Tru-Point will be one of many products showcased at the Snap-on Total Shop Solutions (TSS) booth no. 32017...
LAS VEGAS, NV
Tire Review

John Bean to Showcase New Tru-Point at SEMA

The new John Bean Tru-Point advanced driver assistance system (ADAS) calibration system will be on display and available for demonstrations at the Specialty Equipment Market Association (SEMA) show being held Nov. 2-5 at the Las Vegas Convention Center. Tru-Point will be one of many innovative products showcased at the Snap-on...
CARS
Entrepreneur

John Bean (JBT) is a Great Momentum Stock: Should You Buy?

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
STOCKS
RELATED PUBLISHERS
Tire Business

John Bean intros ‘Tru-Point' ADAS calibration tool

CONWAY, Ark. — Snap-on Inc.'s John Bean garage equipment brand has developed a calibration tool, dubbed Tru-Point, for validating that a vehicle's advanced driver assistance system (ADAS) meets the OEM-required alignment specifications. John Bean Tru-Point audits a vehicle's alignment and monitors each step of the set-up procedure, Snap-on said, making...
CARS
Zacks.com

John Bean (JBT) Earnings and Revenues Surpass Estimates in Q4

JBT - Free Report) reported adjusted earnings of $1.02 per share in fourth-quarter 2020, surpassing the Zacks Consensus Estimate of 89 cents by a margin of 15%. However, the bottom line declined 32% from the prior-year quarter reflecting the impact of the COVID-19 pandemic as reductions in global passenger air travel and global foodservice production impacted demand for the company’s products and services.
MEDICAL & BIOTECH
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