JBT Corp. (JBT) Tops Q4 EPS by 9c

JBT Corp. (NYSE: JBT) reported Q4 EPS of $1.50, $0.09 better than the analyst estimate of $1.41. Revenue for the quarter came in at $545.5 million versus the consensus estimate of $532.83 million.

"JBT posted solid growth and earnings gains in 2019 and ended the year on a positive note," said Tom Giacomini, Chairman, President, and Chief Executive Officer. "We were pleased by the substantial pickup in FoodTech orders in the fourth quarter, although we remain cautious about an environment characterized by business uncertainty. Our restructuring actions and the implementation of the JBT operating system have significantly enhanced our operational efficiency. We enjoyed continued strength across our aftermarket business and were encouraged by the contribution from recent acquisitions. AeroTech continued to capture outsized growth on the strength of new products and a healthy end market."

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

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