JBT Corp. (JBT) Tops Q4 EPS by 2c, Beats on Revenues; Offers FY18 EPS Guidance Above Consensus

JBT Corp. (NYSE: JBT) reported Q4 EPS of $1.10, $0.02 better than the analyst estimate of $1.08. Revenue for the quarter came in at $483.7 million versus the consensus estimate of $470.35 million.

• Diluted earnings per share from continuing operations was $0.61 for the fourth quarter of 2017 compared with $0.78 in the fourth quarter of 2016.
• Excluding tax-related adjustments and restructuring charges, adjusted diluted earnings per share from continuing operations was $1.10 compared with $0.85 in the year-ago period.

Full-Year 2017 Highlights:

• Revenue of $1.6 billion, up 21 percent from 2016
• Diluted earnings per share from continuing operations of $2.58; adjusted EPS of $3.10, up 21 percent
• Inbound orders of $1.7 billion, ahead 23 percent

2018 Outlook:

• Expects 2018 revenue growth of 10 - 13 percent, including organic growth of 7 - 8 percent and 2 - 3 percent growth from completed acquisitions
• Anticipates operating margin expansion of 100 - 125 basis points
• Projects 2018 earnings per share of $3.85 - $4.05

GUIDANCE:

JBT Corp. sees FY2018 EPS of $3.85-$4.05, versus the consensus of $3.72.

For earnings history and earnings-related data on JBT Corp. (JBT) click here.

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