John Bean Technologies Looks Tastier Than Ever
Like many larger conglomerates, John Bean Technologies (NYSE: JBT) has done a good job of serving the needs of two very different industries. Domestic and international air transportation companies use John Bean Technologies equipment to move aircraft and get supplies around airports as quickly and efficiently as possible. The food and beverage industry relies on the company for automated systems as well as arranging for high-value items like proteins and liquid foods. In past years, the strength of those two areas has lifted JBT higher, and recent acquisitions have helped the company gain even more positive momentum.
Coming into Monday's third-quarter financial report, JBT investors fully anticipated double-digit percentage growth in the top and bottom lines. What they got was even stronger performance than they were looking to get, and the company improved its outlook for the full year as well. Let's look more closely at JBT to see what's ahead for the small conglomerate.
Image source: John Bean Technologies.
Source: Fool.com
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