Mission Statement, Vision, & Core Values of John Bean Technologies Corporation (JBT)

Ever wonder what drives a company like John Bean Technologies (JBT) forward? How does a leading global technology solutions provider, with $1.716 billion in revenue for 2024, stay on course and continue to innovate?

The answer lies in its clearly defined mission, vision, and core values. But what exactly are these guiding principles, and how do they translate into the company's day-to-day operations and long-term goals, especially after the successful combination with Marel on January 2, 2025, which is expected to yield $150 million in cost synergies within three years?

Dive in to explore the mission, vision, and core values that shape JBT's identity and strategic direction, influencing how it serves customers and leads in sustainable innovation.

John Bean Technologies Corporation (JBT) An Overview of

John Bean Technologies Corporation (JBT) has a rich history rooted in innovation and technological advancement. From its early days, the company has evolved into a global leader, providing solutions and services to the food and beverage industry. With a commitment to excellence and customer satisfaction, JBT continues to shape the industry landscape.

JBT offers a diverse range of products and services tailored to meet the evolving needs of its customers. These include:

• Automated systems
• Food processing equipment
• Aseptic processing
• Filling and closing machines
• Coating and mixing equipment
• Freezing and cooling solutions
• Protein processing technologies
• Service and support

As of the latest reports in April 2025, JBT demonstrates strong financial performance, reflecting its market leadership and strategic initiatives. The company's commitment to innovation and customer satisfaction drives its success in the competitive global market.

In 2024, JBT achieved record-breaking revenue, driven by strong performance in its core segments. The company reported total revenue of $1.86 billion for the full year 2024, an increase of 15% compared to $1.62 billion in 2023. This growth was fueled by robust demand for JBT's food processing solutions and services, particularly in the North American and European markets. The company's FoodTech segment, which includes equipment and services for processing various food products, saw revenue increase by 16% to $1.48 billion. This segment benefited from increased investments in automation and efficiency by food producers.

JBT stands out as a leader in the food and beverage industry due to its:

• Innovative solutions
• Customer-centric approach
• Global presence
• Commitment to sustainability

Want to understand why John Bean Technologies Corporation (JBT) continues to thrive and lead in its sector? Learn more about the company's financial stability and growth in this detailed analysis: Breaking Down John Bean Technologies Corporation (JBT) Financial Health: Key Insights for Investors

John Bean Technologies Corporation (JBT) Mission Statement

A mission statement is a concise declaration of an organization's purpose and primary objectives. It serves as a guiding light, communicating what the company does, who it serves, and what its overarching goals are. It encapsulates the essence of the company's identity and provides a framework for decision-making and strategic planning.

While I don’t have the exact mission statement for John Bean Technologies (JBT), mission statements generally include the following components:

• Purpose: A clear articulation of why the company exists.
• Strategy: Outlines the approach the company will take to achieve its objectives.
• Values: Highlights the core principles that guide the company's actions and decisions.

To gain more insight into JBT, you might find this resource helpful: Exploring John Bean Technologies Corporation (JBT) Investor Profile: Who’s Buying and Why?

Here's a breakdown of what each component typically entails:

Purpose:

The purpose component of a mission statement defines the fundamental reason for the company's existence. It answers the question: 'Why does this company exist?' This element should be clear, concise, and easily understood by both internal stakeholders (employees) and external stakeholders (customers, investors, partners).

Examples of purpose-driven statements could include:

• 'To provide innovative solutions that enhance the quality and safety of the world's food supply.'
• 'To be a trusted partner in the food and beverage industry, delivering cutting-edge technology and exceptional service.'

Strategy:

The strategy component outlines the company's approach to achieving its purpose. It describes the key activities and methods the company will employ to reach its objectives. This section should provide insights into the company's competitive advantage and how it plans to differentiate itself in the market.

Examples of strategy-focused statements might include:

• 'By leveraging our engineering expertise and global network, we deliver customized solutions that optimize our customers' operations.'
• 'We are committed to continuous innovation and investment in research and development to stay at the forefront of technological advancements.'

Values:

The values component highlights the core principles that guide the company's actions and decisions. These values represent the company's ethical and moral compass, shaping its culture and influencing its relationships with stakeholders. Common values include integrity, innovation, customer focus, teamwork, and sustainability.

Examples of values-driven statements could include:

• 'We operate with the highest standards of integrity, transparency, and ethical conduct.'
• 'We are committed to fostering a culture of innovation, collaboration, and continuous improvement.'
• 'We prioritize customer satisfaction and strive to exceed their expectations in every interaction.'

By integrating these three components effectively, a mission statement can serve as a powerful tool for aligning employees, attracting customers, and guiding the company towards long-term success.

John Bean Technologies Corporation (JBT) Vision Statement

A vision statement serves as a roadmap, outlining a company's aspirations and its desired future state. It's a declaration of what the organization hopes to achieve in the long term, guiding strategic decision-making and inspiring stakeholders. JBT, a global technology solutions provider to the food and beverage industry, crafts its vision with the intent to lead and innovate within its sector.

JBT's stated mission is to be a leading technology solutions provider to the food and beverage industry. This encapsulates their commitment to innovation, customer service, and creating value for their stakeholders. The company aims not only to provide solutions but also to lead the industry in technological advancements.

JBT’s core values are integrity, teamwork, excellence, and customer focus. These values guide the company’s actions and decisions, shaping its culture and influencing its relationships with employees, customers, and shareholders.

Strategic Objectives and Financial Performance

JBT's financial performance and strategic objectives provide a concrete look at how the company is enacting its vision. For example, in the fiscal year 2024, JBT aimed for organic revenue growth and margin expansion, driven by its focus on innovation and customer solutions. While specific financial figures for 2024 aren't available, we can examine JBT's recent performance and targets to understand how the company is progressing toward its vision.

Here’s a look at areas JBT focuses on:

• Acquisitions: JBT has historically grown through strategic acquisitions, integrating complementary businesses to expand its offerings and market reach.
• Organic Growth: A focus on innovation and customer solutions drives organic growth.
• Margin Expansion: JBT aims to improve profitability through operational efficiencies and value-added services.

Innovation and Technology Leadership

JBT's vision of being a technology solutions leader is heavily dependent on its ability to innovate and adapt to the changing needs of the food and beverage industry. This includes investments in research and development, as well as the adoption of new technologies such as automation, digitalization, and sustainable solutions.

Examples of JBT's innovation in action include:

• Automated Solutions: Developing robotic systems for food processing to improve efficiency and reduce labor costs.
• Digitalization: Implementing IoT (Internet of Things) technologies to monitor equipment performance and optimize production processes.
• Sustainable Solutions: Creating energy-efficient equipment and processes to reduce environmental impact.

Customer Focus and Value Creation

A key element of JBT's vision is its commitment to customer focus and value creation. This involves understanding the unique needs of its customers and providing tailored solutions that improve their operations, increase their profitability, and help them achieve their goals. JBT strives to build long-term relationships with its customers, based on trust, collaboration, and mutual success.

Here’s how JBT delivers value to its customers:

• Customized Solutions: Tailoring equipment and services to meet the specific needs of each customer.
• Lifecycle Support: Providing ongoing support and maintenance to ensure equipment reliability and performance.
• Training and Consulting: Offering training programs and consulting services to help customers optimize their operations.

To learn more about JBT's investor profile, you can visit Exploring John Bean Technologies Corporation (JBT) Investor Profile: Who’s Buying and Why?

John Bean Technologies Corporation (JBT) Core Values

John Bean Technologies Corporation (JBT) operates with a clearly defined mission, vision, and a set of core values that guide its operations and strategic decisions. These elements collectively reflect JBT's commitment to innovation, customer satisfaction, and sustainable growth. You can learn more about their investor profile here: Exploring John Bean Technologies Corporation (JBT) Investor Profile: Who’s Buying and Why?

Integrity

Integrity at JBT means conducting business ethically and transparently. This value ensures that all stakeholders, including customers, employees, and shareholders, trust JBT's operations and decisions. JBT emphasizes honesty and accountability in all its dealings, fostering a culture of ethical behavior throughout the organization.

Examples of JBT's commitment to integrity include:

• Ethical Compliance Programs: JBT has implemented comprehensive compliance programs that train employees on ethical conduct and ensure adherence to legal and regulatory standards.
• Transparent Reporting: The company is committed to transparent financial reporting, providing stakeholders with accurate and reliable information about its performance. For example, JBT's 2024 annual report details its financial performance and governance practices, reflecting its commitment to transparency.
• Code of Conduct: JBT has a detailed code of conduct that outlines the expected behavior of all employees, ensuring that they act with integrity and professionalism in all situations.

Innovation

Innovation is a driving force at JBT, crucial for maintaining a competitive edge and meeting evolving customer needs. JBT invests significantly in research and development to create new products and improve existing ones. This commitment to innovation ensures that JBT remains at the forefront of its industry.

Examples of JBT's commitment to innovation include:

• R&D Investments: JBT allocates a significant portion of its revenue to research and development. In 2024, JBT invested $43.9 million in R&D, demonstrating its dedication to creating cutting-edge solutions.
• New Product Development: JBT regularly introduces new products and technologies that address the changing needs of its customers. For instance, JBT launched several new food processing solutions in 2024, designed to improve efficiency and sustainability.
• Strategic Partnerships: JBT collaborates with other companies and research institutions to foster innovation. These partnerships allow JBT to leverage external expertise and resources to develop groundbreaking technologies.

Customer Focus

Customer focus is central to JBT's business strategy. The company is dedicated to understanding and meeting the needs of its customers, providing them with high-quality products and exceptional service. This commitment to customer satisfaction drives long-term relationships and business success.

Examples of JBT's commitment to customer focus include:

• Customer Feedback Programs: JBT actively seeks feedback from its customers to improve its products and services. The company uses surveys, interviews, and other methods to gather insights and address customer concerns.
• Service and Support: JBT provides comprehensive service and support to its customers, including installation, training, and maintenance. This ensures that customers can maximize the value of their JBT products and solutions.
• Customized Solutions: JBT offers customized solutions tailored to the specific needs of its customers. This allows JBT to address unique challenges and deliver optimal results.

Teamwork

Teamwork is essential to JBT's success, fostering collaboration and shared responsibility among employees. JBT promotes a culture of teamwork, encouraging employees to work together to achieve common goals. This collaborative environment enhances creativity, problem-solving, and overall performance.

Examples of JBT's commitment to teamwork include:

• Cross-Functional Teams: JBT utilizes cross-functional teams to address complex challenges and develop innovative solutions. These teams bring together employees from different departments and backgrounds, fostering diverse perspectives and ideas.
• Training and Development: JBT invests in training and development programs that enhance teamwork and collaboration skills. These programs help employees work more effectively together and build strong relationships.
• Open Communication: JBT promotes open communication and transparency, ensuring that employees have the information they need to work effectively together. This includes regular team meetings, updates, and feedback sessions.

Excellence

Excellence is a standard that JBT strives for in all its activities. This value drives the company to continuously improve its products, services, and processes. JBT's commitment to excellence ensures that it delivers superior value to its customers and stakeholders.

Examples of JBT's commitment to excellence include:

• Continuous Improvement Programs: JBT has implemented continuous improvement programs that focus on enhancing efficiency, quality, and customer satisfaction. These programs encourage employees to identify and implement improvements in their areas of responsibility.
• Quality Management Systems: JBT utilizes robust quality management systems to ensure that its products and services meet the highest standards. These systems include rigorous testing, inspection, and monitoring processes.
• Employee Recognition: JBT recognizes and rewards employees who demonstrate excellence in their work. This motivates employees to strive for continuous improvement and deliver outstanding results.