John Bean Technologies reported stronger-than-expected third-quarter results and bumped up its guidance for the rest of the year.
That would make it seem like right now is a good time to get in on this stock. Let's take an in-depth look at whether that's the case.
John Bean Technologies specializes in a diverse mix of technology products and services. It provides food-processing equipment and services. It builds automatic fork lifts and warehouse equipment. And it builds ground support equipment for airports (think baggage loaders and plane de-icers.) This diversified portfolio could protect the company in the event of a cyclical downturn.
Since its inception (John Bean was spun off from FMC Technologies back in 2008), the company's business has always been strong.
As a hardcore industrial stock, John Bean Technologies has actually outdone many better-known stocks. As we noted, it's up 389% over the past five years. That's better than General Electric (up 75%), Amazon (up 251%), and even Expedia (up 372%).
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