BUSINESS SEGMENT DATA
Published on November 4, 2008
Exhibit 99.1
JBT CORPORATION
BUSINESS SEGMENT DATA
(Unaudited and in millions)
| Three Months Ended | Year Ended 12/31/07 |
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| 3/31/07 | 6/30/07 | 9/30/07 | 12/31/07 | |||||||||||||||||
| Revenue |
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| JBT FoodTech |
$ | 123.5 | $ | 153.5 | $ | 146.9 | $ | 170.2 | $ | 594.1 | ||||||||||
| JBT AeroTech |
71.9 | 86.7 | 106.0 | 121.4 | 386.0 | |||||||||||||||
| Other revenue (1) and intercompany eliminations |
(0.6 | ) | (2.3 | ) | 1.8 | (1.0 | ) | (2.1 | ) | |||||||||||
| Total revenue |
$ | 194.8 | $ | 237.9 | $ | 254.7 | $ | 290.6 | $ | 978.0 | ||||||||||
| Segment Operating Profit |
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| JBT FoodTech |
$ | 10.7 | $ | 12.9 | $ | 14.7 | $ | 16.7 | $ | 55.0 | ||||||||||
| JBT AeroTech |
2.1 | 6.5 | 10.7 | 13.1 | 32.4 | |||||||||||||||
| Total segment operating profit |
12.8 | 19.4 | 25.4 | 29.8 | 87.4 | |||||||||||||||
| Corporate items |
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| Corporate expense |
(2.6 | ) | (3.0 | ) | (3.1 | ) | (2.6 | ) | (11.3 | ) | ||||||||||
| Other expense, net (1) |
(3.4 | ) | (4.8 | ) | (2.4 | ) | (4.4 | ) | (15.0 | ) | ||||||||||
| Net interest income |
0.1 | — | 0.1 | 0.3 | 0.5 | |||||||||||||||
| Total corporate items |
(5.9 | ) | (7.8 | ) | (5.4 | ) | (6.7 | ) | (25.8 | ) | ||||||||||
| Income from continuing operations before income taxes |
$ | 6.9 | $ | 11.6 | $ | 20.0 | $ | 23.1 | $ | 61.6 | ||||||||||
| (1) | Other revenue and other expense, net comprises certain gains and losses on derivative instruments related to unexecuted sales contracts. Other expense, net, generally includes stock-based compensation, other employee benefits, LIFO adjustments, certain foreign exchange gains and losses, and the impact of unusual or strategic transactions not representative of segment operations. |
JBT CORPORATION
BUSINESS SEGMENT DATA
(Unaudited and in millions)
| Three Months Ended | Six Months Ended 6/30/08 |
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| 3/31/08 | 6/30/08 | |||||||||||
| Revenue |
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| JBT FoodTech |
$ | 149.8 | $ | 158.5 | $ | 308.3 | ||||||
| JBT AeroTech |
111.6 | 117.1 | 228.7 | |||||||||
| Other revenue (1) and intercompany eliminations |
(1.2 | ) | 1.1 | (0.1 | ) | |||||||
| Total revenue |
$ | 260.2 | $ | 276.7 | $ | 536.9 | ||||||
| Segment Operating Profit |
||||||||||||
| JBT FoodTech |
$ | 14.4 | $ | 14.4 | $ | 28.8 | ||||||
| JBT AeroTech |
9.0 | 10.6 | 19.6 | |||||||||
| Total segment operating profit |
23.4 | 25.0 | 48.4 | |||||||||
| Corporate items |
||||||||||||
| Corporate expense |
(2.8 | ) | (3.0 | ) | (5.8 | ) | ||||||
| Other expense, net (1) |
(1.3 | ) | (2.7 | ) | (4.0 | ) | ||||||
| Net interest income |
0.1 | 0.2 | 0.3 | |||||||||
| Total corporate items |
(4.0 | ) | (5.5 | ) | (9.5 | ) | ||||||
| Income from continuing operations before income taxes |
$ | 19.4 | $ | 19.5 | $ | 38.9 | ||||||
| (1) | Other revenue and other expense, net comprises certain gains and losses on derivative instruments related to unexecuted sales contracts. Other expense, net, generally includes stock-based compensation, other employee benefits, LIFO adjustments, certain foreign exchange gains and losses, and the impact of unusual or strategic transactions not representative of segment operations. |