JBT Q3 revenue up 12.4%

JBT Corporation (NYSE: JBT) said its revenue for the third quarter of 2015 was USD273.3 million, an increase of 12.4 percent from the third quarter of 2014.

On a constant currency basis, revenue increased 20.5 percent year over year, including organic revenue growth of 12.0 percent in constant currency. Segment operating profit increased 16.3 percent, or 27.6 percent on a constant currency basis.

Corporate expense for the quarter was USD8.9 million compared to USD9.3 million in the year-ago period. In the third quarter of 2014, corporate expense included management succession and consulting costs of USD1.2 million.

Diluted earnings per share from continuing operations was USD0.43 versus USD0.30 in the prior-year period. Excluding restructuring charges of USD1.3 million and the aforementioned management succession and consulting costs, adjusted diluted earnings per share from continuing operations was USD0.36 in the prior-year period.

JBT is a leading global technology solutions provider to the food processing and air transportation industries.