DrStockPick.com Stock Report!

Friday September 4, 2009

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Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 6.7 billion revenue passenger miles (RPMs) in August 2009, a 1.0 percent increase from the 6.6 billion RPMs flown in August 2008. Available seat miles (ASMs) decreased 6.1 percent to 8.3 billion from the August 2008 level of 8.9 billion. The load factor for the month was 80.2 percent, compared to 74.6 percent for the same period last year. For August 2009, passenger revenue per ASM is estimated to have decreased in the five to six percent range as compared to August 2008.

Phoenix

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JBT Corporation (JBT) recently declared a third-quarter dividend of 7 cents per share, which translates into an industry-leading yield of 2%. In early August, the company posted second-quarter earnings of 37 cents per share, surpassing the Zacks Consensus Estimate by 54%.

Company Description

JBT Corporation provides technology services to the food processing and air transportation industries. The company designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment.

The JBT FoodTech segment offers freezer solutions for freezing food, protein processing solutions that portion, coat and cook food, in-container processing solutions and fruit processing solutions that extract, concentrate, and aseptically process different fruits.

The JBT AeroTech segment provides ground support equipment for cargo loading, aircraft deicing, and aircraft towing.

The company employs approximately 3,300 people worldwide

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JBT Corp. (JBT) – formerly known as John Bean Technologies, which, in turn, was spun out of FMC Technologies (FTI) during 2008 – reported its 4th quarter 2008 results.Revenue of $234.4 million was down 19.3%. Income before Interest & Taxes was off by 25% to $17.1 million, as the margin declined from 7.8% to 7.3%. Net Income from Continuing Operations of $10.3 million equaled 4.4% of Revenue compared to $14.7 million or 5.1% on an historical basis, and $13.0 million or 4.5% on a pro-forma basis.Diluted EPS from Continuing Operations were 37¢ as compared to 53¢ on an historical basis, and 47¢ on a pro-forma basis (pro-forma being an estimate of what the results might have been had JBT been a stand-alone company rather than part of FTI).JBT has 2 operating segments: FoodTech and AeroTech.FoodTech's Q4-08 Revenues were $132.9 ...