JBT Corp. (JBT) Misses Q1 EPS by 2c
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JBT Corporation Reports First-Quarter 2018 Results
May 1, 2018 4:15 PM EDTCHICAGO, May 1, 2018 /PRNewswire/ --
First-Quarter 2018 Highlights:
Continues to enjoy robust market conditions and order activity Challenged by FoodTech margins, but expects significant improvement through 2018 Continues to expect double-digit revenue and pre-restructuring earnings growth with full-year guidance adjusted to reflect benefit from new revenue recognition standards and shortfall in first-quarter margins Initiates restructuring program of approximately $50 million, expected to contribute run-rate savings of $45 million by year-end 2019