CHICAGO (AP) _ John Bean Technologies Corp. (JBT) on Monday reported fourth-quarter net income of $30.1 million.
The Chicago-based company said it had net income of 94 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to $1.02 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The food processing and transportation services company posted revenue of $439.4 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $427.9 million.
For the year, the company reported profit of $108.8 million, or $3.39 per share. Revenue was reported as $1.73 billion.
For the current quarter ending in April, JBT expects its per-share earnings to range from 70 cents to 80 cents.
The company said it expects revenue in the range of $400 million to $425 million for the fiscal first quarter.
JBT expects full-year earnings in the range of $4.30 to $4.55 per share.
JBT shares have risen 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $135.37, a rise of 19% in the last 12 months.