John Bean Technologies Third Quarter 2024 Earnings: Beats Expectations

John Bean Technologies (NYSE:JBT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$453.8m (up 12% from 3Q 2023).
• Net income: US$38.1m (up 25% from 3Q 2023).
• Profit margin: 8.4% (up from 7.6% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.19 (up from US$0.95 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

John Bean Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on John Bean Technologies' balance sheet health.

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