JBT Corp. (JBT) Tops Q1 EPS by 12c; Offers 2Q & FY21 EPS Outlook

JBT Corp. (NYSE: JBT) reported Q1 EPS of $0.90, $0.12 better than the analyst estimate of $0.78. Revenue for the quarter came in at $418 million versus the consensus estimate of $418.71 million.

First Quarter Highlights:

• Revenue of $418 million and earnings per share exceeded expectations at $0.84 or $0.90 as adjusted
• Year-over-year orders increased 22 percent at FoodTech
• Generated outstanding operating cash flow of $85.7 million and free cash flow of $77.6 million

"We continue to be encouraged by the high level of customer engagement resulting in record FoodTech orders in the first quarter of 2021," said Brian Deck, President and Chief Executive Officer. "At the same time, we see disruption in the supply chain and inflationary pressures that are likely to impact our margin expansion for the remainder of 2021."

GUIDANCE:

JBT Corp. sees Q2 2021 EPS of $0.90-$1.00, versus the consensus of $1.14.

JBT Corp. sees FY2021 EPS of $4.40-$4.60, versus the consensus of $4.45.

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

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