JBT Corporation reports Q2 adjusted EPS 97c, consensus 95c

Reports Q2 revenue from continuing operations $427.7M, consensus $467.08M. “JBT continued to capture the benefit of its product and end market diversification during the second quarter with a solid contribution from recurring revenue and healthy order demand from several end markets. Additionally, we are excited to announce that we completed the sale of AeroTech to Oshkosh Corporation. Closing the AeroTech transaction is a significant milestone, transforming JBT into a pure-play food and beverage solutions provider and positioning us for growth and margin enhancement in resilient markets,” said Brian Deck, President and CEO.