JBT revenue up 18.7% YoY

JBT Corporation (NYSE: JBT) reported revenue for the first quarter of 2016 increased 18.7 percent from the prior year, with organic growth of 3.6 percent, the company said.

Segment operating profit increased 27.0 percent year over year. Segment operating profit margin increased 67 basis points to 10.2 percent for the first quarter of 2016.

Diluted earnings per share from continuing operations was USD0.17 for the first quarter of 2016 versus USD0.27 in the first quarter of 2015. Excluding restructuring charges of USD7.2 million in the first quarter of 2016, adjusted diluted earnings per share from continuing operations was USD0.34.

John Bean Technologies is a global technology solutions provider to high-value segments of the food & beverage industry with a focus on proteins, liquid foods and automated system solutions. JBT designs, produces and services sophisticated products and systems for multi-national and regional customers through its JBT FoodTech segment.