John Bean Technologies CORP (JBT) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
AeroTech	575.7	467.5	493.3
FoodTech	1,590.6	1,400.4	1,234.5
JBT FoodTech				1,329.4	1,361.4	1,171.9	928.0	725.1
JBT AeroTech				615.9	558.1	463.0	422.5	383.1
Total revenues [+]	2,166.0	1,868.3	1,727.8	1,945.7	1,919.7	1,635.1	9.4	1,107.3
Products								957.8
Services								149.5
Net interest income	14.2	8.7	13.9	18.8	13.9	13.6	9.4
Revenue growth [+]	15.9%	8.1%	-11.2%	1.4%	17.4%	17294.7%	-99.2%	12.5%
AeroTech	23.1%	-5.2%
FoodTech	13.6%	13.4%
JBT FoodTech				-2.4%	16.2%	26.3%	28.0%	14.2%
JBT AeroTech				10.4%	20.5%	9.6%	10.3%	9.4%
Other & Eliminations				100.0%	0.0%
Cost of goods sold [+]	1,911.0	1,648.7	1,504.3	1,682.1	1,686.1	1,445.3	148.9	790.4
Cost of product sales								676.2
Cost of services								114.2
Gross profit	255.0	219.6	223.5	263.6	233.6	189.8	-139.5	316.9
Gross margin	11.8%	11.8%	12.9%	13.5%	12.2%	11.6%	-1484.0%	28.6%
Selling, general and administrative	441.9	401.1	358.5	396.4	346.8	325.2	267.4	207.0
Research and development								18.2
Other operating expenses	-362.3	-347.2	-310.2	-334.5	-304.0	-280.9	-520.2	2.7
Adjusted EBITDA	266.7	249.0	248.9	276.7	258.2	206.2	161.7	125.8
Adjusted EBITDA margin	12.3%	13.3%	14.4%	14.2%	13.5%	12.6%	1720.2%	11.4%
Stock-based compensation	10.2	6.5	1.9	9.4	9.7	9.0	9.9	7.2
EBITDA [+]	256.5	242.5	247.0	267.3	248.5	197.2	151.8	118.6
EBITDA growth	5.8%	-1.8%	-7.6%	7.6%	26.0%	29.9%	28.0%	31.0%
EBITDA margin	11.8%	13.0%	14.3%	13.7%	12.9%	12.1%	1614.9%	10.7%
Depreciation	37.9	38.6	37.2	35.5	35.4	32.1	27.6	22.5
EBITA	218.6	203.9	209.8	231.8	213.1	165.1	124.2	96.1
EBITA margin	10.1%	10.9%	12.1%	11.9%	11.1%	10.1%	1321.3%	8.7%
Amortization of intangibles	43.2	38.2	34.6	30.1	22.3	19.6	10.9	7.1
EBIT [+]	175.4	165.7	175.2	201.7	190.8	145.5	113.3	89.0
EBIT growth	5.9%	-5.4%	-13.1%	5.7%	31.1%	28.4%	27.3%	36.5%
EBIT margin	8.1%	8.9%	10.1%	10.4%	9.9%	8.9%	1205.3%	8.0%
Non-recurring items	7.0	5.6	12.1	13.5	47.0	1.7	12.3
Interest expense								6.8
Interest expense	3.2	1.9						6.8
Other income (expense), net	-11.0	-5.5	-17.6	-21.3	-14.8	-11.6	-7.0
Pre-tax income	154.2	152.7	145.5	166.9	129.0	132.2	94.0	82.2
Income taxes	23.5	34.3	36.7	37.6	24.6	50.1	26.0	26.2
Tax rate	15.2%	22.5%	25.2%	22.5%	19.1%	37.9%	27.7%	31.9%
Net income	130.7	118.4	108.8	129.0	104.1	80.5	67.6	55.9
Net margin	6.0%	6.3%	6.3%	6.6%	5.4%	4.9%	719.1%	5.0%

Basic EPS [+]	$4.08	$3.70	$3.40	$4.05	$3.27	$2.61	$2.31	$1.90
Growth	10.4%	8.8%	-16.1%	23.9%	25.2%	13.0%	21.8%	81.8%
Diluted EPS [+]	$4.07	$3.69	$3.39	$4.04	$3.24	$2.57	$2.28	$1.88
Growth	10.4%	8.8%	-16.1%	24.6%	26.0%	12.8%	21.4%	82.4%

Dividends per share [+]	$0.40	$0.40	$0.40	$0.40	$0.40	$0.40	$0.40	$0.37
Growth	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	8.1%	2.8%

Shares outstanding (basic) [+]	32.0	32.0	32.0	31.9	31.9	31.4	29.4	29.5
Growth	0.0%	0.0%	0.3%	0.0%	1.6%	6.8%	-0.3%	0.0%
Shares outstanding (diluted) [+]	32.1	32.1	32.1	32.0	32.2	31.9	29.8	29.8
Growth	0.0%	0.0%	0.3%	-0.6%	0.9%	7.0%	0.0%	-0.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.