John Bean Technologies Corporation (NYSE:JBT) Q1 2018 Earnings Conference Call - Final Transcript

May 02, 2018 • 10:00 am ET

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John Bean Technologies Corporation (NYSE:JBT) Q1 2018 Earnings Conference Call - Final Transcript

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Q & A
Executive
Thomas W. Giacomini

expected to close in the quarter, that we were unable to transact because of a minority ownership position that did end up buying the deal that we hoped to get done. That was a nice size deal that didn't happen and it really wasn't anything to do with JBT. It was just about a minority owner that exercised their right to buy.

So the activity has been material at JBT. We just haven't seen it show up in our results yet. And we would expect that through the year that JBT continues to mature these opportunities and we're very much committed to our M&A program and making something happen there. But within the discipline of good strategic fits and solid results on our investments and we see the opportunity continue to do that going forward.

Analyst
Patrick Baumann

Okay. Great. Thanks a lot. Good luck.

Executive
Thomas W. Giacomini

Thank you.

Operator
Operator

[Operator Instructions] There are no further questions at this time. I turn the call back over to Tom Giacomini for closing remarks.

Executive
Thomas W. Giacomini

We are moving strongly forward to leverage robust market conditions, address the operating challenges experienced in the first quarter and capture the benefits of our comprehensive restructuring. Thanks again for joining us this morning and I'm very much looking forward to seeing many of you at the upcoming Wells Fargo Conference in May and the William Blair Conference in June.

Operator
Operator

[Operator Closing Remarks]