JBT Corp. (JBT) Tops Q2 EPS by 7c

JBT Corp. (NYSE: JBT) reported Q2 EPS of $0.63, $0.07 better than the analyst estimate of $0.56. Revenue for the quarter came in at $328.8 million versus the consensus estimate of $304.19 million.

"JBT continued to capture the benefits of our Next Level strategy and investments, translating to robust sales growth and improved profitability," said Tom Giacomini, Chairman, President and Chief Executive Officer. "FoodTech's protein equipment sales and aftermarket performance were particularly strong in the quarter. Profitability also benefited from strong military sales and a favorable product mix at AeroTech."

GUIDANCE:

JBT Corp. sees FY2016 EPS of $2.25-$2.35, versus prior guidance of $2.15-$2.30 and the consensus of $2.27.

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

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