2023-08-01 16:52:13 ET
- JBT press release ( NYSE: JBT ): Q2 GAAP EPS of $0.97 beats by $0.05 .
- Revenue of $427.7M (+10.1% Y/Y) misses by $53.87M .
- Backlog from continuing operations of $697 million and orders of $445 million increased 4 percent and 13 percent, respectively.
- Pursuing additional restructuring actions during 2023 to further optimize its global cost structure.
- Company now expects to incur approximately $11 - $13 million in restructuring expense for the full year 2023.
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JBT GAAP EPS of $0.97 beats by $0.05, revenue of $427.7M misses by $53.87M