JBT Corporation, one of the leading technology solutions provider worldwide, has recently announced its financial results for Q4 2014.
Revenue for 2014 increased 5.4% to USD984.2m versus 2013.
“2014 was a year of transformation for JBT and we are ahead of schedule toward meeting our 2017 Next Level strategic goals,” said Tom Giacomini, Chairman, President and Chief Executive Officer. “At the same time, we posted solid growth in 2014 and captured margin improvement from our organization simplification, strategic pricing initiatives, and the expansion of our aftermarket business. The three acquisitions we completed in 2014 strengthen our protein processing and liquid food portfolios in alignment with our strategy.”
The company says it is optimistic about this year and expects continued sales growth and increased profitability. The company expects segment operating margins to expand 50 to 100 basis points, resulting from continued benefits from its restructuring actions
“We look forward to another year of solid growth and expanded profitability in 2015, tempered somewhat by the continued currency headwind,” added Giacomini.