JBT Marel Corp

JBTM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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JBT Earnings: AeroTech Sale a Lackluster Deal for Shareholders, Though the Quarter Was As Expected

Joshua Aguilar

Aug 3, 2023

After reviewing narrow-moat-rated John Bean Technologies' second-quarter results, we reduce our fair value estimate to $117 per share from $121 previously. Our reduced fair value mostly stems from fully modeling the sale of AeroTech to OshKosh at a discount to our calculated intrinsic value (a negative $5 impact). However, the anticipated carryover benefits to remaining JBT’s operating margins from its announced restructuring actions partially offset this impact with a $1 benefit to valuation.

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JBT Marel Corp

JBT Earnings: AeroTech Sale a Lackluster Deal for Shareholders, Though the Quarter Was As Expected

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