JBT Corporation Reports Second Quarter 2020 Results
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JBT Corp. (JBT) Tops Q2 EPS by 27c, Revenues Beat
July 27, 2020 4:59 PM EDTJBT Corp. (NYSE: JBT) reported Q2 EPS of $1.01, $0.27 better than the analyst estimate of $0.74. Revenue for the quarter came in at $411.5 million versus the consensus estimate of $396.38 million.
Highlights:
Expands margins despite contraction in salesStrengthens balance sheet with strong cash flowAnticipates better orders sequentially but lower sales and earnings in the third quarter of 2020Second Quarter 2020
Second quarter 2020 revenue of $412 million declined 17 percent year over year, with a 20 percent decline organically and a 2 percent headwind from foreign exchange translation, somewhat offset by 5 percent growth from... More