JBT Corporation (JBT) Reports Q2 Earnings, Guides for FY
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JBT Corporation (NYSE: JBT) reported second quarter 2008 results following the July 31, 2008 spin-off from FMC Technologies, Inc. (NYSE: FTI).
Pro forma diluted earnings per share from continuing operations were $0.42, up 91% from $0.22 per diluted share in the prior year quarter.
For the second quarter of 2008, revenue of $276.7 million increased 16% from $237.9 million in the second quarter of 2007.
The company expects 2008 year-over-year total revenue growth in the range of 6-10% with continued top line growth and stable segment margins versus 2007 in both the JBT FoodTech and JBT AeroTech segments. Adjusted diluted earnings per share from continuing operations are expected to be in the range of $1.30-$1.40, including a full year of interest expense.[SM]
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