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John Bean Technologies Corp JBT Stock Quote

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Morningstar‘s Stock Analysis JBT

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Is it the right time to buy or sell?

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FoodTech Demand Looks Weaker Than Expected as We Reduce Fair Value

Joshua Aguilar Senior Analyst

Business Strategy and Outlook

| Joshua Aguilar |

We believe both of JBT's segments will benefit from growth in the global middle class. We believe the middle class will approximately double by 2030, and we expect that the Asia-Pacific region will be a significant contributor to that growth. We believe this helps JBT FoodTech because per capita meat consumption in APAC has traditionally and significantly lagged that of Europe and North America. North America’s per capital meat consumption is about three and a half times that of APAC, but we expect that gap to narrow during our five-year explicit forecast. Overall global meat consumption is also on the rise, as people have become more conscious of protein intake in their diet.

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Key Statistics JBT

Company Profile JBT

Business Description

JBT is a mid-cap diversified industrial conglomerate that spun out of FMC Technologies in August 2008. Over half of JBT’s sales are made in the United States. The firm operates through two segments: JBT FoodTech and JBT AeroTech. FoodTech provides both customized and turnkey industrial solutions for the food and beverage industry, including a large variety of protein processing and packaging solutions, as well as fruit and juice extraction and ready-to-eat solutions. AeroTech sells solutions to airport authorities, passenger airlines, airfreight firms, and defense contractors, among others. These solutions include gate equipment, as well as commercial and military cargo loading, aircraft deicing, and aircraft ground power and cooling system products.

70 West Madison Street, Suite 4400
Chicago, IL, 60602
T +1 312 861-5900
Industry Specialty Industrial Machinery
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 6,600