Market Summary
USD104.66-0.71
Delayedas of 21 Sep 2023, 01:44 pm-0.67%
JBT Stock Price
JBT RSI Chart
JBT Valuation
JBT Price/Sales (Trailing)
JBT Profitability
JBT Fundamentals
JBT Revenue
JBT Earnings
Price Action
52 Week Range
81.59125.88
(Low)(High)
Last 7 days
-3.9%
Last 30 days
-1.4%
Last 90 days
-11.6%
Trailing 12 Months
14.1%
JBT Financial Health
JBT Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for JBT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-15 | Deck Brian A | sold (taxes) | -102,942 | 104 | -985 | president & ceo |
2023-05-15 | Paschall Kristina L | sold (taxes) | -8,360 | 104 | -80.00 | evp, cio & cdo |
2023-05-15 | CORCORAN JESSI L | sold (taxes) | -3,344 | 104 | -32.00 | vp, corporate controller & cao |
2023-05-15 | Marvin James L | sold (taxes) | -41,699 | 104 | -399 | evp & general counsel |
2023-05-15 | Meister Matthew J | sold (taxes) | -13,586 | 104 | -130 | executive vp & cfo |
2023-05-15 | BURDAKIN DAVID C | sold (taxes) | -56,539 | 104 | -541 | evp & president, jbt aerotech |
2023-05-15 | Petrie Robert James | sold (taxes) | -20,274 | 104 | -194 | evp & president, protein |
2023-05-15 | Rizzolo Luiz Augusto | sold (taxes) | -1,776 | 104 | -17.00 | evp & president of df&h |
2023-05-01 | BRASIER BARBARA L | acquired | - | - | 1,258 | - |
2023-05-01 | KAWALEK POLLY B | acquired | - | - | 2,096 | - |
Which funds bought or sold JBT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 61.00 | 607 | -% |
2023-08-23 | Dean Capital Management | sold off | -100 | -722,407 | - | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -262,296 | - | -% |
2023-08-22 | COMERICA BANK | new | - | 1,000 | 1,000 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -13.42 | -20,861 | 529,607 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 0.44 | 1,591,000 | 15,447,000 | 0.15% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.91 | 337,258 | 4,682,300 | 0.01% |
2023-08-18 | Legato Capital Management LLC | reduced | -49.24 | -315,446 | 406,961 | 0.06% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 1,093 | 1,093 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -0.65 | 2,429,970 | 26,097,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of John Bean Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 1.2% | 390,943 | SC 13G/A | |
| Feb 13, 2023 | champlain investment partners, llc | 5.09% | 1,620,170 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.05% | 3,519,838 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 17.1% | 5,441,392 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 17.1% | 5,441,392 | SC 13G | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 6.5% | 2,091,589 | SC 13G/A | |
| Feb 11, 2022 | champlain investment partners, llc | 5.52% | 1,752,860 | SC 13G/A | |
| Feb 04, 2022 | wellington management group llp | 3.77% | 1,200,654 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 16.2% | 5,151,062 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 16.2% | 5,151,062 | SC 13G/A |
Recent SEC filings of John Bean Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 14, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 03, 2023 | 10-Q | Quarterly Report | |
| Aug 01, 2023 | 8-K | Current Report | |
| Jun 14, 2023 | 8-K | Current Report |
Peers (Alternatives to John Bean Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CAT | 142.9B | 64.8B | 2.15% | 57.58% | 17.09 | 2.21 | 19.88% | 23.71% |
DE | 117.0B | 61.4B | 2.95% | 13.14% | 11.65 | 1.91 | 26.89% | 62.82% |
DOV | 20.1B | 8.5B | 2.57% | 17.79% | 19.67 | 2.37 | 3.15% | -10.67% |
TTC | 8.3B | 4.7B | -18.47% | -11.30% | 22 | 1.75 | 10.19% | -2.33% |
| MID-CAP | ||||||||
ALG | 2.0B | 1.6B | -0.66% | 35.17% | 16.19 | 1.26 | 12.15% | 49.02% |
LECO | 12.0B | - | -3.21% | 32.31% | 25.57 | 38.14 | -70.09% | 32.66% |
PNR | 10.9B | 4.2B | -0.51% | 58.11% | 22.13 | 2.62 | 3.67% | -12.40% |
TEX | 3.9B | 5.0B | 4.05% | 78.35% | 8.84 | 0.79 | 22.48% | 91.50% |
JBT | 3.4B | 2.1B | -1.44% | 14.14% | 26.15 | 1.59 | 14.88% | 7.01% |
KAI | 2.6B | 931.4M | 4.15% | 26.93% | 23.2 | 2.77 | 7.50% | -0.54% |
KMT | 2.0B | 2.1B | -5.33% | 14.70% | 16.94 | 0.97 | 3.27% | -18.09% |
| SMALL-CAP | ||||||||
ARTW | - | 9.6M | -10.53% | 15.66% | - | - | -64.00% | 103.64% |
CMCO | 1.0B | 951.4M | -5.55% | 25.53% | 20.49 | 1.06 | 4.17% | 8.83% |
HY | 747.5M | 3.9B | -2.09% | 57.08% | 21.24 | 0.19 | 18.61% | 115.65% |
MTW | 525.0M | 2.2B | -4.04% | 68.31% | -5 | 0.24 | 17.70% | -829.86% |
John Bean Tech News
Returns for JBT
Cumulative Returns on JBT
16.3%
10-Year Cumulative Returns
7.0%
7-Year Cumulative Returns
-1.9%
5-Year Cumulative Returns
2.3%
3-Year Cumulative Returns
Risks for JBT
What is the probability of a big loss on JBT?
82.3%
Probability that John Bean Tech stock will be more than 20% underwater in next one year
66.9%
Probability that John Bean Tech stock will be more than 30% underwater in next one year.
41.5%
Probability that John Bean Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does JBT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if John Bean Tech was unfortunately bought at previous high price.
Drawdowns
Financials for John Bean Tech
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.6% | 2,112 | 2,078 | 2,166 | 1,916 | 1,838 | 1,920 | 1,868 | 1,810 | 1,752 | 1,688 | 1,728 | 1,834 | 1,904 | 1,986 | 1,946 | 1,938 | 1,930 | 1,928 | 1,920 | 1,866 | 1,805 |
| Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,348 | 1,349 | 1,354 | 1,366 | 1,382 | 1,350 | 1,303 |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 505 | 488 |
| S&GA Expenses | 1.0% | 443 | 439 | 442 | 421 | 409 | 415 | 401 | 386 | 377 | 356 | 359 | 373 | 379 | 402 | 396 | 378 | 368 | 354 | 347 | 365 | 352 |
| R&D Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30.00 | 31.00 |
| EBITDA | -100.0% | - | 205 | 202 | 188 | 186 | 233 | 238 | 253 | 237 | 232 | 231 | 248 | 263 | 262 | 251 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.09* | 0.09* | 0.09* | 0.09* | 0.12* | 0.13* | 0.14* | 0.14* | 0.14* | 0.13* | 0.14* | 0.14* | 0.13* | 0.13* | - | - | - | - | - | - |
| Interest Expenses | -52.6% | 5.00 | 10.00 | 14.00 | 7.00 | 9.00 | 9.00 | 9.00 | 19.00 | 18.00 | 17.00 | 14.00 | 21.00 | 18.00 | 17.00 | 19.00 | 11.00 | 14.00 | 14.00 | 14.00 | 13.00 | 13.00 |
| Earnings Before Taxes | 4.2% | 155 | 149 | 154 | 134 | 130 | 146 | 153 | 159 | 145 | 143 | 146 | 162 | 179 | 179 | 167 | 166 | 157 | 153 | 129 | 124 | 129 |
| EBT Margin | -100.0% | - | 0.07* | 0.07* | 0.07* | 0.07* | 0.08* | 0.08* | 0.09* | 0.08* | 0.08* | 0.08* | 0.09* | 0.09* | 0.09* | 0.09* | - | - | - | - | - | - |
| Net Income | -1.8% | 128 | 131 | 131 | 125 | 120 | 117 | 118 | 117 | 105 | 107 | 109 | 121 | 137 | 138 | 129 | 130 | 123 | 123 | 104 | 81.00 | 80.00 |
| Net Income Margin | -100.0% | - | 0.06* | 0.06* | 0.06* | 0.06* | 0.06* | 0.06* | 0.06* | 0.06* | 0.06* | 0.06* | 0.07* | 0.07* | 0.07* | 0.07* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 125 | 142 | 137 | 140 | 179 | 226 | 254 | 281 | 324 | 252 | 236 | 198 | 122 | 110 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.3% | 2,588 | 2,580 | 2,584 | 2,555 | 2,222 | 2,210 | 2,141 | 2,039 | 1,976 | 1,794 | 1,806 | 1,812 | 1,821 | 1,884 | 1,915 | 1,919 | 1,912 | 1,522 | 1,443 | 1,521 | 1,479 |
| Current Assets | 2.4% | 887 | 866 | 869 | 874 | 807 | 777 | 719 | 664 | 778 | 597 | 616 | 635 | 640 | 703 | 708 | 725 | 715 | 627 | 619 | 687 | 685 |
| Cash Equivalents | -6.3% | 43.00 | 46.00 | 72.00 | 53.00 | 67.00 | 84.00 | 77.00 | 58.00 | 202 | 58.00 | 48.00 | 51.00 | 58.00 | 75.00 | 40.00 | 49.00 | 39.00 | 44.00 | 43.00 | 39.00 | 36.00 |
| Inventory | -32.6% | 237 | 352 | 240 | 347 | 299 | 276 | 229 | 218 | 204 | 196 | 197 | 220 | 229 | 237 | 245 | 264 | 260 | 226 | 206 | 257 | 271 |
| Net PPE | -9.7% | 247 | 273 | 245 | 262 | 263 | 269 | 268 | 268 | 268 | 263 | 268 | 262 | 262 | 261 | 266 | 265 | 265 | 238 | 240 | 239 | 235 |
| Goodwill | -4.6% | 776 | 813 | 770 | 789 | 25.00 | 682 | 685 | 665 | 120 | 548 | 544 | 532 | 3.00 | 520 | 529 | 517 | 141 | 22.00 | 321 | - | - |
| Current Liabilities | -1.3% | 610 | 618 | 621 | 619 | 607 | 596 | 550 | 503 | 479 | 469 | 458 | 435 | 412 | 412 | 475 | 473 | 484 | 454 | 485 | 496 | 516 |
| Short Term Borrowings | 12.5% | 1.00 | 1.00 | 1.00 | 1.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | -0.7% | 950 | 957 | 977 | 979 | 675 | 670 | 674 | 653 | 641 | 469 | 523 | 598 | 648 | 734 | 698 | 769 | 772 | 448 | 387 | 486 | 437 |
| Shareholder's Equity | 3.4% | 921 | 891 | 863 | 806 | 790 | 784 | 751 | 707 | 686 | 672 | 637 | 611 | 597 | 571 | 570 | 524 | 500 | 476 | 457 | 432 | 411 |
| Retained Earnings | 3.2% | 902 | 874 | 851 | 817 | 786 | 756 | 733 | 705 | 679 | 652 | 628 | 601 | 587 | 558 | 533 | 494 | 464 | 433 | 417 | 355 | 334 |
| Additional Paid-In Capital | 0.3% | 221 | 221 | 221 | 218 | 215 | 216 | 214 | 214 | 212 | 232 | 230 | 229 | 236 | 244 | 242 | 242 | 239 | 249 | 246 | 245 | 242 |
| Accumulated Depreciation | -10.6% | 316 | 353 | 306 | 337 | 343 | 347 | 339 | 343 | 345 | 333 | 335 | 321 | 315 | 304 | 308 | 300 | 304 | 295 | 290 | 281 | 276 |
| Shares Outstanding | 0.1% | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | - | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 4.1% | 130 | 125 | 142 | 137 | 170 | 179 | 226 | 254 | 281 | 324 | 252 | 236 | 198 | 122 | 110 | 163 | 152 | 161 | 154 | 63.00 | 118 |
| Share Based Compensation | -2.7% | 11.00 | 11.00 | 10.00 | 7.00 | 6.00 | 6.00 | 7.00 | 8.00 | 4.00 | 1.00 | 2.00 | 3.00 | 7.00 | 9.00 | 9.00 | 9.00 | 10.00 | 10.00 | 10.00 | 10.00 | 9.00 |
| Cashflow From Investing | -0.1% | -408 | -408 | -416 | -450 | -280 | -275 | -272 | -228 | -52.80 | -53.10 | -37.30 | -31.40 | -35.70 | -355 | -401 | -406 | -443 | -120 | -94.40 | -95.00 | -97.70 |
| Cashflow From Financing | -3.7% | 239 | 248 | 271 | 313 | 12.00 | 123 | 81.00 | -19.20 | -87.40 | -291 | -207 | -202 | -140 | 268 | 288 | 255 | 294 | -24.50 | -48.30 | 35.00 | -8.40 |
| Dividend Payments | -2.3% | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Buy Backs | - | 11.00 | - | 8.00 | 4.00 | 3.00 | - | - | - | - | - | - | - | - | - | - | 16.00 | 16.00 | - | 20.00 | 16.00 | 23.00 |
JBT Income Statement
2023-06-30Condensed Consolidated Statements of Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenue | $ 427.7 | $ 394.0 | $ 816.2 | $ 750.3 |
| Operating expenses: | ||||
| Selling, general and administrative expense | 100.4 | 95.9 | 204.1 | 192.1 |
| Restructuring expense | 2.5 | 0.8 | 3.3 | 1.4 |
| Operating income | 43.4 | 32.0 | 70.9 | 55.0 |
| Pension expense, other than service cost | 0.2 | 0.0 | 0.4 | 0.0 |
| Interest expense, net | 7.1 | 2.1 | 13.6 | 3.9 |
| Income from continuing operations before income taxes | 36.1 | 29.9 | 56.9 | 51.1 |
| Income tax provision | 8.4 | 4.2 | 12.8 | 5.5 |
| Income from continuing operations | 27.7 | 25.7 | 44.1 | 45.6 |
| Income from discontinued operations, net of taxes | 3.3 | 7.7 | 12.5 | 13.4 |
| Net income | $ 31.0 | $ 33.4 | $ 56.6 | $ 59.0 |
| Basic earnings per share from: | ||||
| Continuing operations (in dollars per share) | $ 0.87 | $ 0.81 | $ 1.38 | $ 1.42 |
| Discontinued operations (in dollars per share) | 0.10 | 0.24 | 0.39 | 0.42 |
| Net Income (in dollars per share) | 0.97 | 1.05 | 1.77 | 1.84 |
| Diluted earnings per share from: | ||||
| Continuing operations (in dollars per share) | 0.87 | 0.80 | 1.37 | 1.42 |
| Discontinued operations (in dollars per share) | 0.10 | 0.24 | 0.39 | 0.42 |
| Net income (in dollars per share) | $ 0.97 | $ 1.04 | $ 1.76 | $ 1.84 |
| Product | ||||
| Revenue | $ 387.3 | $ 355.4 | $ 733.8 | $ 677.1 |
| Operating expenses: | ||||
| Cost of products | 257.0 | 242.4 | 488.8 | 458.9 |
| Service | ||||
| Revenue | 40.4 | 38.6 | 82.4 | 73.2 |
| Operating expenses: | ||||
| Cost of products | $ 24.4 | $ 22.9 | $ 49.1 | $ 42.9 |
JBT Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 42.8 | $ 71.7 |
| Trade receivables, net of allowances | 213.3 | 200.5 |
| Contract assets | 66.3 | 65.1 |
| Inventories | 237.2 | 239.8 |
| Other current assets | 77.5 | 75.8 |
| Current assets held for sale | 249.7 | 216.1 |
| Total current assets | 886.8 | 869.0 |
| Property, plant and equipment, net of accumulated depreciation of $315.8 and $306.0 respectively | 246.6 | 245.4 |
| Goodwill | 776.1 | 770.1 |
| Intangible assets, net | 410.3 | 430.1 |
| Other assets | 182.6 | 183.1 |
| Non-current assets held for sale | 85.4 | 85.8 |
| Total Assets | 2,587.8 | 2,583.5 |
| Current Liabilities: | ||
| Short-term debt | 0.9 | 0.6 |
| Accounts payable, trade and other | 137.4 | 170.6 |
| Advance and progress payments | 192.1 | 173.7 |
| Other current liabilities | 149.9 | 157.8 |
| Current liabilities held for sale | 129.7 | 117.8 |
| Total current liabilities | 610.0 | 620.5 |
| Long-term debt | 949.6 | 977.3 |
| Accrued pension and other postretirement benefits, less current portion | 28.7 | 32.0 |
| Other liabilities | 65.9 | 79.9 |
| Non-current liabilities held for sale | 12.4 | 11.1 |
| Commitments and contingencies (Note 14) | ||
| Stockholders' Equity: | ||
| Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2023 or 2022 | 0.0 | 0.0 |
| Common stock, $0.01 par value; 120,000,000 shares authorized; June 30, 2023: 31,861,680 issued, and 31,837,364 outstanding; December 31, 2022: 31,861,680 issued, and 31,803,721 outstanding | $ 0.3 | $ 0.3 |
| Common stock held in treasury (in shares) | 24,316 | 57,959 |
| Common stock held in treasury, at cost June 30, 2023: 24,316 shares; December 31, 2022: 57,959 shares | $ (2.2) | $ (5.3) |
| Additional paid-in capital | 221.3 | 220.7 |
| Retained earnings | 901.5 | 851.3 |
| Accumulated other comprehensive loss | (199.7) | (204.3) |
| Total stockholders' equity | 921.2 | 862.7 |
| Total Liabilities and Stockholders' Equity | $ 2,587.8 | $ 2,583.5 |
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions. The company also provides processing solutions for extracting, mixing, blending, pasteurizing, sterilizing, concentrating, high pressure processing, filling, closing, sealing, and final packaging, as well as processing equipment; and packaging systems for poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, dairy, bakery, pet foods, soups, sauces, and juices. In addition, it offers automated guided vehicle systems for material movement in the manufacturing, warehouse, and medical facilities. Further, the company provides mobile air transportation equipment, such as commercial and defense cargo loading, aircraft deicing, aircraft towing, and aircraft ground power and cooling systems; and fixed equipment for passenger boarding. Additionally, it offers airport equipment, systems, and facilities maintenance services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, defense forces, and defense contractors. The company markets and sells its products and solutions through direct sales force, independent distributors, and sales representatives. John Bean Technologies Corporation was incorporated in 1994 and is headquartered in Chicago, Illinois.