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Stock Market & Financial Investment News

News Breaks
July 1, 2014
09:17 EDTJBTJBT Corporation purchased ICS Solutions from Stork Food & Dairy Systems
JBT announced it has purchased the ICS Solutions business from Stork Food & Dairy Systems. ICS Solutions, located in Amsterdam, The Netherlands and Gainesville, GA, is a worldwide leader in the engineering, installation and servicing of high-capacity food preservation equipment. The purchase price was approximately EUR26M, before customary post-closing adjustments.
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August 19, 2014
09:04 EDTJBTJBT business awarded $6M contract for Atlanta airport project
JBT announced that its JBT AeroTech business has been awarded a contract exceeding $6M to supply gate equipment for the Atlanta Hartsfield International Airport Concourse T Optimization project. The order, placed by the Winter Johnson Group, includes Jetway passenger boarding bridges, JetAire preconditioned air units and Jetpower 400 Hz ground power devices. JBT AeroTech anticipates installing the equipment beginning in the Q3 with completion in late Q4.
August 6, 2014
17:48 EDTJBTJBT Corporation raises 2014 adjusted EPS view to $1.45-$1.55 from $1.35-$1.50
Still sees 2014 revenue growth in mid-single digits. Now expects total segment operating margin to improve slightly vs. 2013. The company expects full-year corporate expense to be greater than previously estimated. Corporate expense is projected to be closer to the upper end of the previously communicated range of $25M-$27M. Anticipated savings of over $3M from restructuring actions and an additional $3M in benefits from operational excellence initiatives for the year will fund planned spending on the company's strategic initiatives.
17:45 EDTJBTJBT Corporation reports Q2 EPS 45c, consensus 35c
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