Business Description
John Bean Technologies Corp (JBT) is a technology solution and services provider. The company operates in North America, Latin America, Europe, Middle East, Africa and Asia Pacific. It has 15 manufacturing hubs in the US, and 11 manufacturing plants in Belgium, Sweden, Brazil, Italy, Spain, the UK, the Netherlands, and Germany.
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R&D Overview
JBT intends to create new products and business opportunities in relevant fields and to improve existing products. This will help the company to substantiate its organic growth pillar. In FY2022, the company spent US$29.4 million on R&D, which as a percentage of revenue, stood at 1.4% and decreased 1.7% YoY.
Business Segments
Overview
Supplies customized solutions and services for the air transportation industry, which includes airport authorities, airlines, airfreight, ground handling companies, militaries, and defense contractors. In FY2022, the segment's capital expenditure stood at US$2.8 million, which grew 75% YoY.
Performance
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Overview
Provides comprehensive solutions under the food production value chain from processing to packaging for a variety of food and beverage groups, which includes poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, dairy, bakery, pet foods, soups, sauces, plant-based meats, juices, and carbonated beverages. In FY2022, the segment's capital expenditure stood at US$37.3 million, which grew 6.3% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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