JBT Corporation (JBT) has entered into a definitive agreement to sell its AeroTech business to Oshkosh Corporation (OSK) in an all-cash deal valued at $800 million. JBT expects to use the net proceeds consistent with its stated capital allocation priorities, including debt repayment and continued disciplined FoodTech inorganic growth.
Beginning in the second quarter of 2023, JBT expects to classify AeroTech as held for sale. JBT estimates the classification of AeroTech as held for sale will have a dilutive impact to second quarter 2023 GAAP earnings per share from continuing operations of approximately $0.33 and adjusted EPS from continuing operations of approximately $0.40.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.