Exhibit 99.1
JBT CORPORATION
BUSINESS SEGMENT DATA
(Unaudited and in millions)
| | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended | | | Year Ended 12/31/07 | |
| | 3/31/07 | | | 6/30/07 | | | 9/30/07 | | | 12/31/07 | | |
Revenue | | | | | | | | | | | | | | | | | | | | |
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 | |
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| | | | | |
Segment Operating Profit | | | | | | | | | | | | | | | | | | | | |
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 | | | | | | | | | | | | | | | | | | | | |
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 | |
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(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 | |
| | 3/31/08 | | | 6/30/08 | | |
Revenue | | | | | | | | | | | | |
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 | |
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| | | |
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 | |
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Total corporate items | | | (4.0 | ) | | | (5.5 | ) | | | (9.5 | ) |
| | | | | | | | | | | | |
Income from continuing operations before income taxes | | $ | 19.4 | | | $ | 19.5 | | | $ | 38.9 | |
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(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. |