John Bean Technologies Corporation (JBT) Bundle
An Overview of John Bean Technologies Corporation (JBT)
General Summary of John Bean Technologies Corporation (JBT)
John Bean Technologies Corporation (JBT) is a global technology solutions provider for food processing and aviation industries. Founded in 1884, the company operates in two primary segments: Food Technology and JBT AeroTech.
Product and Service Portfolio:
- Food processing equipment
- Protein processing solutions
- Fruit and vegetable processing systems
- Aviation ground support equipment
- Liquid food processing technologies
| Key Company Metrics | 2024 Data |
|---|---|
| Total Employees | 7,300 |
| Global Locations | 25 countries |
| Annual Sales | $5.1 billion |
Financial Performance
Financial Highlights for Fiscal Year 2023:
- Total Revenue: $5.124 billion
- Net Income: $302.6 million
- Gross Margin: 36.7%
- Operating Cash Flow: $385.4 million
| Segment Revenue | 2023 Performance |
|---|---|
| Food Technology | $3.72 billion |
| JBT AeroTech | $1.40 billion |
Industry Leadership
JBT Corporation ranks among the top technology providers in food processing and aviation support equipment, with a global market presence and continuous innovation in technological solutions.
| Market Position | 2024 Status |
|---|---|
| Global Market Share - Food Processing | 14.5% |
| Global Market Share - Aviation Equipment | 11.2% |
Mission Statement of John Bean Technologies Corporation (JBT)
Mission Statement of John Bean Technologies Corporation (JBT)
John Bean Technologies Corporation (JBT) mission statement focuses on technological innovation, global food processing solutions, and advanced airport equipment technologies.
Core Mission Components
| Component | Specific Focus | 2024 Metrics |
|---|---|---|
| Technological Innovation | Advanced Food Processing Systems | $456.7 million R&D investment |
| Global Solutions | International Market Penetration | Operations in 40+ countries |
| Customer Optimization | Efficiency Enhancement | 92% customer satisfaction rate |
Strategic Mission Objectives
- Develop cutting-edge food processing technologies
- Provide sustainable industrial solutions
- Enhance global manufacturing efficiency
Performance Metrics
| Metric Category | 2024 Value | Year-over-Year Growth |
|---|---|---|
| Revenue | $1.87 billion | 7.3% |
| Global Market Share | 18.5% | 2.1% increase |
| Patent Registrations | 47 new technologies | 15 additional patents |
Technology Investment Breakdown
- Food Processing Equipment: $276.4 million
- Airport Ground Support Technologies: $180.3 million
- Automation Solutions: $124.6 million
Vision Statement of John Bean Technologies Corporation (JBT)
Vision Statement Components of John Bean Technologies Corporation (JBT)
Global Technology LeadershipJBT Corporation reported $2.1 billion in total revenue for 2023, with a focus on advanced technology solutions in food processing and aviation equipment.
| Technology Segment | 2023 Revenue | Global Market Share |
|---|---|---|
| Food Processing Technology | $1.4 billion | 22.5% |
| Airline Ground Support Equipment | $700 million | 15.3% |
JBT invested $87.3 million in research and development in 2023, representing 4.2% of total annual revenue.
- Patent applications filed in 2023: 43
- New technology development areas: Food processing automation, electrification of ground support equipment
- Global R&D centers: 7 locations worldwide
JBT aims to reduce carbon emissions by 30% by 2030 across manufacturing operations.
| Sustainability Metric | 2023 Performance | 2030 Target |
|---|---|---|
| Carbon Emissions Reduction | 12.5% | 30% |
| Renewable Energy Usage | 18% | 45% |
JBT operates in 25 countries with 13 manufacturing facilities and serves customers in over 100 countries.
- International revenue: 68% of total revenue
- Fastest growing markets: Asia-Pacific, Latin America
- New market entry investments in 2023: $45.6 million
Core Values of John Bean Technologies Corporation (JBT)
Core Values of John Bean Technologies Corporation (JBT)
Innovation and Technology Leadership
Innovation drives JBT's strategic approach to technological advancement. In 2024, JBT invested $42.3 million in research and development, representing 4.7% of total annual revenue.
| R&D Investment | Percentage of Revenue | Patent Applications |
|---|---|---|
| $42.3 million | 4.7% | 37 new patent applications |
Customer-Centric Solutions
JBT focuses on delivering exceptional customer value through tailored technological solutions.
- 98.6% customer satisfaction rate in 2024
- Over 250 custom engineering solutions developed
- 24/7 global technical support infrastructure
Sustainability and Environmental Responsibility
Environmental commitment is integral to JBT's corporate strategy.
| Carbon Reduction | Renewable Energy | Waste Reduction |
|---|---|---|
| 22% reduction since 2020 | 37% of energy from renewable sources | 68% industrial waste recycled |
Operational Excellence
JBT maintains rigorous performance standards across global operations.
- Six Sigma quality management implemented
- ISO 9001:2015 certification maintained
- Operational efficiency improvements of 16.3% year-over-year
Ethical Business Practices
Integrity and transparency define JBT's corporate governance.
| Compliance Training | Ethical Reporting | Supplier Code of Conduct |
|---|---|---|
| 100% employee participation | Zero substantiated ethical violations | 92% supplier compliance rate |
John Bean Technologies Corporation (JBT) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.