John Bean Technologies Corporation
(NYSE:JBT)

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It offers poultry processing, mixing/grinding, injecting, marinating, tumbl...

Website: http://www.jbtc.com

Founded: 2008

Full Time Employees: 6,200

Sector: Industrials

Industry: Specialty Industrial Machinery

Industrials

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At a glance:

Bull Thesis:

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Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30

revenue	1,008,000,000	1,001,300,000	934,800,000																						350,050,000	489,400,000	493,300,000	417,500,000	345,600,000	481,900,000	491,300,000	409,200,000	287,850,000	420,800,000	386,100,000	344,500,000	236,375,000	349,600,000	328,800,000	267,100,000	188,225,000	273,300,000	254,600,000	225,000,000	172,200,000	243,200,000	247,600,000	198,000,000	161,525,000	233,500,000	185,700,000	156,100,000	205,300,000	214,400,000	204,700,000	171,075,000	230,300,000	252,500,000	201,500,000	148,450,000	216,500,000	208,300,000	169,000,000	148,900,000	196,400,000	230,200,000	169,000,000	198,400,000	256,600,000	276,700,000
yoy																									1.29%	1.56%	0.41%	2.03%	20.06%	14.52%	27.25%	18.78%	21.78%	20.37%	17.43%	28.98%	25.58%	27.92%	29.14%	18.71%	9.31%	12.38%	2.83%	13.64%	6.61%	4.15%	33.33%	26.84%	-21.32%	8.91%	-9.28%	-8.75%	-10.86%	-15.09%	1.59%	15.24%	6.37%	21.22%	19.23%	-0.30%	10.23%	-9.51%	0.00%	-24.95%	-23.46%	-16.81%
qoq	0.67%	7.11%																							-28.47%	-0.79%	18.16%	20.80%	-28.28%	-1.91%	20.06%	42.16%	-31.59%	8.99%	12.08%	45.74%	-32.39%	6.33%	23.10%	41.90%	-31.13%	7.34%	13.16%	30.66%	-29.19%	-1.78%	25.05%	22.58%	-30.82%	25.74%	18.96%	-23.96%	-4.24%	4.74%	19.66%	-25.72%	-8.79%	25.31%	35.74%	-31.43%	3.94%	23.25%	13.50%	-24.19%	-14.68%	36.21%	-14.82%	-22.68%	-7.26%
operating expenses:
cost of sales	659,900,000	641,500,000	600,600,000																						242,500,000	341,800,000	338,300,000	289,900,000	250,850,000	346,800,000	351,000,000	305,600,000	204,375,000	299,300,000	271,300,000	246,900,000	169,700,000	255,500,000	233,000,000	190,300,000	135,675,000	198,800,000	181,900,000	162,000,000	126,075,000	179,000,000	179,300,000	146,000,000	120,625,000	179,300,000	135,400,000	218,500,000	153,300,000	160,400,000	154,300,000	205,100,000	173,100,000	192,700,000	150,300,000	109,075,000	160,300,000	153,900,000	122,100,000	108,925,000	142,400,000	171,200,000	122,100,000	150,650,000	195,200,000	209,000,000
selling, general and administrative expense	361,800,000	222,000,000	250,400,000	281,700,000	163,400,000	117,000,000	116,200,000	110,100,000	104,000,000	101,500,000	100,400,000	117,800,000	112,900,000	112,300,000	108,300,000	108,400,000	104,200,000	100,900,000	101,600,000	94,400,000	88,900,000	91,800,000	80,500,000	97,300,000	103,300,000	97,700,000	103,700,000	91,700,000	109,400,000	79,000,000	81,500,000	76,900,000	73,200,000	73,700,000	77,000,000	70,500,000	68,300,000	56,500,000	58,000,000	53,900,000	69,600,000	46,400,000	45,100,000	45,900,000	47,300,000	43,500,000	44,900,000	43,600,000	43,700,000	39,200,000	40,900,000	42,000,000	37,900,000	37,700,000	39,000,000	39,600,000	37,800,000	37,800,000	37,700,000	41,200,000	36,000,000	35,400,000	35,200,000	38,600,000	36,400,000	38,000,000	34,800,000	34,900,000	37,800,000	41,000,000
research and development	23,300,000	28,700,000	30,900,000	33,600,000
restructuring expense	7,200,000	7,000,000	4,500,000	10,600,000	300,000	-200,000	200,000	1,100,000	1,700,000	6,400,000	2,500,000	600,000	4,200,000	1,500,000	800,000	500,000	2,500,000	1,100,000	1,000,000	1,000,000	900,000	7,100,000	2,100,000	2,000,000	2,000,000	1,300,000	4,300,000	5,900,000	14,200,000	11,600,000	8,500,000	12,700,000	400,000	300,000	600,000	400,000	2,900,000	300,000	1,900,000	7,200,000					2,000,000	1,300,000	1,000,000	10,200,000
operating income	72,300,000	102,100,000	48,400,000	-33,400,000	15,700,000	46,800,000	26,800,000	29,100,000	57,800,000	36,000,000	43,400,000	40,000,000	49,700,000	45,900,000	42,200,000	30,600,000	34,500,000	40,500,000	47,300,000	37,800,000	29,900,000	28,300,000	47,600,000	43,700,000	31,400,000	48,600,000	47,000,000	30,000,000	21,175,000	36,600,000	42,200,000	5,900,000	23,100,000	42,200,000	29,700,000	20,500,000	17,275,000	29,500,000	29,900,000	9,700,000	14,500,000	21,100,000	23,200,000	13,700,000	7,125,000	15,200,000	18,500,000	-5,200,000	20,200,000	11,600,000	6,600,000	28,800,000	10,300,000	14,000,000	7,800,000	12,200,000	14,300,000	17,400,000	9,300,000
yoy	360.51%	118.16%	80.60%	-214.78%	-72.84%	30.00%	-38.25%	-27.25%	16.30%	-21.57%	2.84%	30.72%	44.06%	13.33%	-10.78%	-19.05%	15.38%	43.11%	-0.63%	-13.50%	-4.78%	-41.77%	1.28%	45.67%	48.29%	32.79%	11.37%	408.47%	-8.33%	-13.27%	42.09%	-71.22%	33.72%	43.05%	-0.67%	111.34%	19.14%	39.81%	28.88%	-29.20%	103.51%	38.82%	25.41%	-363.46%	-64.73%	31.03%	180.30%	-118.06%	96.12%	-17.14%	-15.38%	136.07%	-27.97%	-19.54%	-16.13%
qoq	-29.19%	110.95%	-244.91%	-312.74%	-66.45%	74.63%	-7.90%	-49.65%	60.56%	-17.05%	8.50%	-19.52%	8.28%	8.77%	37.91%	-11.30%	-14.81%	-14.38%	25.13%	26.42%	5.65%	-40.55%	8.92%	39.17%	-35.39%	3.40%	56.67%	41.68%	-42.14%	-13.27%	615.25%	-74.46%	-45.26%	42.09%	44.88%	18.67%	-41.44%	-1.34%	208.25%	-33.10%	-31.28%	-9.05%	69.34%	92.28%	-53.13%	-17.84%	-455.77%	-125.74%	74.14%	75.76%	-77.08%	179.61%	-26.43%	79.49%	-36.07%	-14.69%	-17.82%	87.10%
operating margin %	7.17%	10.20%	5.18%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	8.97%	9.93%	9.53%	7.19%	6.13%	7.59%	8.59%	1.44%	8.03%	10.03%	7.69%	5.95%	7.31%	8.44%	9.09%	3.63%	7.70%	7.72%	9.11%	6.09%	4.14%	6.25%	7.47%	-2.63%	12.51%	4.97%	3.55%	18.45%	5.02%	6.53%	3.81%	7.13%	6.21%	6.89%	4.62%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
pension expense, other than service cost	1,300,000	200,000	200,000	146,800,000	24,300,000	1,000,000	1,000,000	1,000,000	100,000	200,000	200,000	200,000	25,000	100,000			-1,400,000	100,000			600,000	1,100,000	1,000,000	1,000,000	1,000,000	500,000	500,000	500,000
loss on investment			10,600,000
other	-2,500,000	-3,100,000	-3,000,000
interest	-3,500,000	-3,400,000	-2,800,000
interest expense	15,500,000	24,700,000	31,800,000	42,400,000	8,300,000	4,100,000	4,100,000	2,900,000	9,800,000	900,000	7,100,000	7,200,000	6,000,000	3,600,000	2,500,000	2,100,000	2,400,000	2,100,000	2,100,000	2,100,000	2,700,000	2,900,000	3,500,000	4,800,000	5,400,000	5,900,000	4,200,000	3,300,000	24,400,000	-3,400,000	-3,400,000	-3,700,000	23,900,000	-3,600,000	-3,300,000	-3,400,000	-3,000,000	-3,100,000	-2,500,000	-2,300,000	-1,900,000	-1,700,000	-2,200,000	-2,100,000	-2,000,000	-2,000,000	-1,800,000	-1,800,000	-13,200,000	1,800,000	-1,900,000
income from continuing operations before income taxes	61,500,000	83,700,000	11,600,000	-219,200,000	-10,500,000	47,600,000	27,400,000	30,900,000	22,950,000	34,900,000	36,100,000						33,500,000	38,300,000	45,200,000	35,700,000	40,200,000	24,300,000	43,100,000	37,900,000	56,200,000	42,200,000	42,300,000	26,200,000	55,400,000	33,200,000	38,400,000	2,000,000	50,100,000	38,600,000	26,400,000	17,100,000	31,900,000	26,700,000	27,700,000	7,700,000	29,500,000	19,600,000	21,200,000	11,900,000	20,700,000	13,500,000	17,000,000	-6,500,000	19,000,000	10,400,000	5,200,000	27,100,000	8,500,000	12,200,000	6,200,000	10,700,000	12,800,000	15,700,000	7,600,000	26,400,000	14,500,000	12,400,000	6,000,000	15,300,000	12,600,000	14,800,000	6,200,000	14,500,000	13,100,000	19,500,000
income tax provision	8,100,000	17,100,000	7,900,000	-46,200,000	-3,600,000	9,500,000	-3,300,000	8,100,000	6,400,000	4,300,000	8,400,000	7,000,000	6,300,000	8,000,000	6,300,000	2,900,000	1,900,000	9,000,000	14,700,000	8,700,000	10,100,000	7,100,000	10,600,000	8,900,000	14,100,000	8,700,000	8,300,000	6,500,000				400,000
equity in net earnings of unconsolidated affiliate	-300,000	200,000						-100,000	-200,000	-100,000
income from continuing operations	53,100,000	66,800,000	3,400,000	-173,000,000	-6,900,000	38,100,000	30,700,000	22,700,000	54,700,000	30,500,000	27,700,000						31,600,000	29,300,000	30,500,000	27,000,000	30,100,000	17,200,000	32,500,000	29,000,000	42,100,000	33,500,000	34,000,000	19,700,000	42,900,000	26,400,000	33,500,000	1,600,000	19,800,000	26,400,000	18,300,000	17,600,000	23,400,000	20,600,000	18,800,000	5,200,000	20,900,000	12,700,000	14,400,000	8,000,000	15,100,000	9,000,000	11,400,000	-4,700,000	13,700,000	7,400,000	4,100,000	19,000,000	6,200,000	7,900,000	4,000,000	7,400,000	8,100,000	10,400,000	4,900,000	16,400,000	9,400,000	8,200,000	3,900,000	10,600,000	8,400,000	9,700,000	4,100,000	10,300,000	8,800,000	13,000,000
income from discontinued operations, net of taxes		-800,000			-100,000	800,000		100,000	3,700,000	437,100,000	3,300,000																																									-100,000	-100,000	-200,000	-100,000	-25,000							100,000	-25,000	-100,000			75,000
net income	53,100,000	66,000,000	3,400,000	-173,000,000	-7,000,000	38,900,000	30,700,000	22,800,000	58,400,000	467,600,000	31,000,000	25,600,000	37,500,000	34,200,000	33,400,000	25,600,000	31,600,000	29,300,000	30,500,000	27,000,000	30,100,000	17,200,000	32,500,000	29,000,000	42,100,000	33,500,000	33,700,000	19,700,000	42,900,000	26,400,000	33,600,000	1,200,000	19,400,000	25,800,000	17,900,000	17,400,000	23,100,000	20,600,000	18,800,000	5,100,000	20,900,000	12,600,000	14,400,000	8,000,000	15,200,000	9,000,000	11,400,000	-4,800,000	13,600,000	6,800,000	4,100,000	18,500,000	6,100,000	7,700,000	3,900,000	7,200,000	8,100,000	10,300,000	4,900,000	15,800,000	9,400,000	8,100,000	4,000,000	10,700,000	8,300,000	9,700,000	4,100,000	10,100,000	8,800,000	13,000,000
yoy	-858.57%	69.67%	-88.93%	-858.77%	-111.99%	-91.68%	-0.97%	-10.94%	55.73%	1267.25%	-7.19%	0.00%	18.67%	16.72%	9.51%	-5.19%	4.98%	70.35%	-6.15%	-6.90%	-28.50%	-48.66%	-3.56%	47.21%	-1.86%	26.89%	0.30%	1541.67%	121.13%	2.33%	87.71%	-93.10%	-16.02%	25.24%	-4.79%	241.18%	10.53%	63.49%	30.56%	-36.25%	37.50%	40.00%	26.32%	-266.67%	11.76%	32.35%	178.05%	-125.95%	122.95%	-11.69%	5.13%	156.94%	-24.69%	-25.24%	-20.41%	-54.43%	-13.83%	27.16%	22.50%	47.66%	13.25%	-16.49%	-2.44%	5.94%	-5.68%	-25.38%
qoq	-19.55%	1841.18%	-101.97%	2371.43%	-117.99%	26.71%	34.65%	-60.96%	-87.51%	1408.39%	21.09%	-31.73%	9.65%	2.40%	30.47%	-18.99%	7.85%	-3.93%	12.96%	-10.30%	75.00%	-47.08%	12.07%	-31.12%	25.67%	-0.59%	71.07%	-54.08%	62.50%	-21.43%	2700.00%	-93.81%	-24.81%	44.13%	2.87%	-24.68%	12.14%	9.57%	268.63%	-75.60%	65.87%	-12.50%	80.00%	-47.37%	68.89%	-21.05%	-337.50%	-135.29%	100.00%	65.85%	-77.84%	203.28%	-20.78%	97.44%	-45.83%	-11.11%	-21.36%	110.20%	-68.99%	68.09%	16.05%	102.50%	-62.62%	28.92%	-14.43%	136.59%	-59.41%	14.77%	-32.31%
net income margin %	5.27%	6.59%	0.36%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	12.03%	6.85%	6.83%	4.72%	12.41%	5.48%	6.84%	0.29%	6.74%	6.13%	4.64%	5.05%	9.77%	5.89%	5.72%	1.91%	11.10%	4.61%	5.66%	3.56%	8.83%	3.70%	4.60%	-2.42%	8.42%	2.91%	2.21%	11.85%	2.97%	3.59%	1.91%	4.21%	3.52%	4.08%	2.43%	10.64%	4.34%	3.89%	2.37%	7.19%	4.23%	4.21%	2.43%	5.09%	3.43%	4.70%
basic earnings per share from:
continuing operations	1.02	1.28	0.07	-3.35	0.715	1.19	0.96	0.71	0.583	0.95	0.87
discontinued operations		-0.02			0.008	0.03			3.513	13.65	0.1
diluted earnings per share from:
equity in net loss of unconsolidated affiliate			300,000
revenue:
product revenue				771,100,000	423,700,000	409,100,000	362,700,000	355,400,000	402,100,000	362,100,000	387,300,000	450,800,000	520,900,000	484,800,000	466,600,000	400,900,000	430,100,000	411,700,000	412,100,000	360,700,000	377,800,000	358,200,000	362,200,000	400,100,000
service revenue				83,000,000	43,900,000	44,700,000	39,600,000	36,900,000	42,500,000	41,500,000	40,400,000	78,700,000	78,200,000	70,600,000	75,700,000	68,300,000	67,500,000	65,700,000	63,400,000	57,100,000	61,600,000	61,000,000	49,300,000	57,600,000
total revenue				854,100,000	467,600,000	453,800,000	402,300,000	392,300,000	444,600,000	403,600,000	427,700,000	529,500,000	599,100,000	555,400,000	542,300,000	469,200,000	497,600,000	477,400,000	475,500,000	417,800,000	439,400,000	419,200,000	411,500,000	457,700,000
cost of products				492,200,000	264,800,000	265,400,000	238,700,000	230,500,000	258,000,000	237,900,000	257,000,000	316,400,000	379,400,000	344,600,000	337,200,000	281,800,000	308,000,000	289,400,000	281,600,000	245,100,000	261,700,000	248,900,000	245,200,000	273,200,000
cost of services				69,400,000	23,400,000	24,800,000	20,400,000	21,500,000	23,100,000	21,800,000	24,400,000	54,700,000	52,900,000	51,100,000	53,800,000	47,900,000	48,400,000	45,500,000	44,000,000	39,500,000	44,400,000	43,100,000	36,100,000	41,500,000
other income				2,000,000																									-150,000		-400,000	-200,000												-300,000				-100,000			-400,000	-300,000	500,000	-1,000,000	-300,000	-1,200,000	600,000		-700,000	250,000	800,000	-300,000	500,000	300,000	1,000,000	600,000	300,000	-3,600,000	-4,000,000	-1,000,000
interest income				1,400,000	6,400,000	5,900,000	5,700,000	5,700,000																													600,000	300,000	300,000	300,000	400,000	200,000	200,000	300,000	500,000	300,000	300,000	500,000	800,000	600,000	500,000
net income before income taxes												32,600,000	43,800,000	42,200,000	39,700,000	28,500,000
basic earnings per share:
diluted earnings per share:
loss from discontinued operations, net of taxes																									75,000		300,000		-75,000											-100,000	-25,000	-100,000			-25,000			-100,000	200,000	600,000								-100,000				-100,000
loss from discontinued operations																																-0.01	-0.01	-0.02	-0.01	-0.01	99,999.99			-0.01		-0.01			-0.003				-0.01	-0.02
research and development expense																													5,175,000	5,700,000	7,100,000	7,900,000	9,100,000	6,900,000	6,400,000	6,300,000	5,900,000	6,300,000	5,900,000	5,500,000	5,200,000	5,000,000	4,300,000	3,700,000	4,000,000	3,400,000	3,700,000	3,500,000	3,400,000	3,700,000	3,200,000	3,800,000	3,300,000	3,300,000	3,900,000	4,200,000	4,500,000	4,900,000	4,900,000	4,400,000	4,500,000	4,300,000	4,300,000	4,700,000	3,900,000	4,500,000	4,000,000	5,200,000	5,000,000	6,400,000
other expense																													850,000	2,200,000	1,000,000	200,000	700,000	-1,600,000	1,100,000	-100,000	2,600,000	1,500,000	100,000	500,000	900,000	2,000,000	100,000		700,000	800,000	200,000		-150,000	-300,000								-300,000
provision for income taxes																													12,500,000	6,800,000	4,900,000		30,300,000	12,200,000	8,100,000	-500,000	8,500,000	6,100,000	8,900,000	2,500,000	8,600,000	6,900,000	6,800,000	3,900,000	5,600,000	4,500,000	5,600,000	-1,800,000	5,300,000	3,000,000	1,100,000							5,300,000	2,700,000	10,000,000	5,100,000	4,200,000
cash dividends declared per share																													0.075	0.1	0.1	0.1	0.075	0.1	0.1	0.1	0.075	0.1	0.1	0.1	0.068	0.09	0.09	0.09	0.068	0.09	0.09	0.09	0.063	0.09	0.07	0.053	0.07	0.07
gain from discontinued operations, net of taxes																															100,000
loss from discontinued operations, net of income taxes																																-400,000	2,800,000	-600,000	-400,000	-200,000
net interest expense																																																				-1,700,000	-1,800,000	-1,800,000	-1,600,000	-1,225,000	-1,500,000	-1,700,000	-1,700,000	-1,900,000	-2,000,000	-2,000,000	-1,900,000	-1,650,000	-2,100,000
benefit from income taxes																																																				8,100,000	2,300,000	4,300,000	2,200,000	3,300,000	4,700,000						2,100,000	4,700,000	4,200,000	5,100,000	2,100,000	4,200,000	4,300,000	6,500,000
income from discontinued operations																																																				-0.003	-0.01	-0.01		-0.003	-0.01
other comprehensive income, net of tax																																																							5,100,000
comprehensive income																																																							9,000,000
cash dividends per share																																																								0.053	0.07			0.053	0.07
weighted-average shares outstanding:
basic	52				32				32				32				32				32				31.9				31.9				31.4				29.4				29.5				29.5				29.2								28.8	28.8	28.7	28.3	28.3	28.2	28.2	27.6	27.7	27.6	27.5	27.5	27.5
diluted	52				32.2				32.1				32.1				32.1				32.1				32				32.2				31.9				29.8				29.8				29.9				29.7								29.4	29.3	29.2	29.1	29.2	29.1	29	28.6	28.7	28.5	28.2	27.8	28.1
basic earnings per share																																																											0.17	0.19	0.33	0.29	0.14	0.2	0.3	0.35	0.15	0.31	0.32
diluted earnings per share																																																											0.17	0.185	0.32	0.28	0.14	0.195	0.29	0.34	0.15	0.308	0.31
costs and expenses:
total costs and expenses																																																												139,000,000	200,800,000	193,600,000	161,600,000	228,800,000	182,700,000	213,700,000	160,900,000	213,800,000	238,000,000	256,400,000
income before net interest expense and income taxes																																																																		17,100,000	8,400,000	17,100,000	14,600,000
net interest income																																																																		-2,300,000	-2,200,000	-2,600,000	-1,500,000	200,000
weighted-average shares outstanding
basic	52				32				32				32				32				32				31.9				31.9				31.4				29.4				29.5				29.5				29.2								28.8	28.8	28.7	28.3	28.3	28.2	28.2	27.6	27.7	27.6	27.5	27.5	27.5
diluted	52				32.2				32.1				32.1				32.1				32.1				32				32.2				31.9				29.8				29.8				29.9				29.7								29.4	29.3	29.2	29.1	29.2	29.1	29	28.6	28.7	28.5	28.2	27.8	28.1
income before net interest income and income taxes																																																																						19,300,000
income from discontinued operations, net of income taxes

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-06-30	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30

assets
current assets:
cash and cash equivalents	167,900,000	114,900,000	111,800,000	101,000,000	1,228,400,000	534,500,000	474,300,000	479,000,000	483,300,000	401,700,000	42,800,000	45,700,000	73,100,000	52,600,000	68,100,000	84,200,000	78,800,000	58,200,000	202,300,000	57,500,000	47,500,000	50,600,000	58,000,000	75,400,000	39,500,000	49,100,000	39,100,000	43,900,000	43,000,000	38,500,000	36,300,000	30,600,000	34,000,000	38,400,000	26,300,000	42,900,000	33,200,000	47,900,000	35,100,000	36,000,000	37,200,000	37,900,000	19,900,000	19,800,000	63,700,000	29,400,000	35,600,000	21,000,000	15,300,000	99,000,000	84,400,000	74,600,000	9,000,000	20,100,000	7,800,000	10,000,000	13,700,000	12,500,000	8,600,000	9,700,000	14,400,000	12,700,000	17,100,000	22,400,000	43,600,000	31,100,000
restricted cash	18,600,000	18,400,000	18,200,000	18,000,000
trade receivables, net of allowance	442,900,000	434,600,000	413,700,000	399,300,000	239,700,000	237,900,000	228,400,000	220,700,000	214,400,000	190,600,000	213,300,000	287,400,000	299,000,000	278,700,000	268,400,000	236,900,000	239,100,000	227,600,000	218,000,000	204,600,000	236,100,000	224,200,000	226,200,000	258,100,000	288,900,000	274,400,000	273,700,000	227,400,000	253,400,000	334,000,000	318,700,000	287,600,000	316,400,000	299,900,000	281,800,000	246,600,000	260,500,000	240,900,000	232,000,000	210,900,000	212,500,000	182,300,000	164,900,000	145,800,000	158,300,000	186,400,000	141,300,000	147,000,000	149,600,000	188,400,000	148,100,000	144,200,000	189,400,000	158,900,000	190,900,000	161,400,000	192,700,000	166,700,000	141,100,000	134,000,000	149,300,000	121,500,000	131,000,000	123,800,000	159,000,000	162,600,000
contract assets	118,500,000	107,500,000	128,500,000	144,600,000	95,400,000	96,700,000	83,100,000	78,600,000	74,500,000	69,300,000	66,300,000	96,400,000	89,600,000	95,400,000	98,200,000	104,000,000	94,400,000	92,100,000	89,100,000	76,900,000	68,300,000	80,800,000	76,400,000	80,600,000	74,400,000	80,300,000	83,600,000	68,400,000	70,300,000
inventories	643,700,000	669,400,000	661,100,000	613,500,000	233,100,000	259,000,000	258,700,000	250,200,000	238,900,000	226,700,000	237,200,000	351,900,000	322,500,000	346,800,000	298,800,000	275,600,000	229,100,000	217,900,000	204,100,000	195,700,000	197,300,000	219,700,000	229,100,000	237,200,000	245,000,000	264,000,000	260,400,000	226,400,000	206,100,000	256,600,000	270,500,000	305,400,000	190,200,000	217,500,000	198,300,000	178,400,000	139,600,000	143,400,000	150,300,000	136,900,000	104,900,000	137,700,000	121,700,000	118,000,000	143,400,000	117,600,000	145,000,000	139,300,000	132,300,000	109,200,000	142,800,000	124,700,000	122,300,000	139,900,000	128,100,000	128,300,000	106,700,000	131,600,000	117,100,000	110,700,000	107,000,000	143,400,000	140,700,000	148,900,000	123,000,000	141,300,000
other current assets	191,500,000	195,100,000	195,700,000	212,100,000	66,700,000	77,500,000	80,900,000	73,900,000	89,100,000	78,300,000	77,500,000	84,800,000	85,400,000	100,900,000	73,400,000	76,400,000	77,300,000	68,600,000	64,600,000	62,700,000	66,900,000	59,200,000	50,500,000	51,700,000	60,400,000	57,300,000	58,600,000	60,700,000	45,700,000	57,600,000	59,700,000	55,000,000	48,000,000	53,500,000	54,000,000	52,600,000	51,700,000	40,200,000	41,700,000	46,700,000	33,000,000	42,000,000	40,100,000	70,900,000	69,100,000	33,100,000	58,400,000	60,400,000	57,100,000	26,400,000	44,900,000	38,900,000	22,300,000	34,700,000	38,900,000	41,100,000	29,500,000	43,300,000	33,700,000	32,800,000	21,600,000	38,500,000	27,600,000	32,700,000	20,400,000	24,400,000
total current assets	1,583,100,000	1,539,900,000	1,529,000,000	1,488,500,000	1,863,300,000	1,205,600,000	1,125,400,000	1,102,400,000	1,100,200,000	1,091,600,000	886,800,000	866,200,000	869,600,000	874,400,000	806,900,000	777,100,000	718,700,000	664,400,000	778,100,000	597,400,000	616,100,000	634,500,000	640,200,000	703,000,000	708,200,000	725,100,000	715,400,000	626,800,000	618,500,000	686,700,000	685,200,000	678,600,000	588,600,000	609,300,000	560,400,000	520,500,000	485,000,000	472,400,000	459,100,000	430,500,000	396,200,000	423,800,000	370,300,000	354,500,000	434,500,000	396,600,000	383,300,000	370,700,000	357,300,000	451,100,000	423,200,000	385,400,000	359,100,000	356,300,000	368,400,000	340,800,000	356,400,000	354,100,000	300,500,000	287,200,000	303,400,000	316,100,000	316,400,000	327,800,000	357,000,000	366,500,000
property, plant and equipment, net of accumulated depreciation	793,400,000	798,900,000	803,700,000	742,900,000	233,700,000	243,300,000	242,000,000	246,700,000	248,000,000	245,100,000	246,600,000	273,100,000	269,900,000	262,200,000	263,400,000	269,200,000	267,600,000	268,300,000	267,800,000	263,300,000	268,000,000	261,900,000	262,200,000	261,300,000	265,600,000	264,500,000	265,400,000	237,500,000	239,700,000	238,900,000	234,800,000	242,900,000	233,000,000	231,000,000	220,700,000	216,800,000	210,200,000	187,600,000	190,400,000	188,800,000	181,100,000	159,400,000	150,700,000	143,200,000	136,800,000	132,700,000	129,100,000	126,300,000	127,500,000	126,200,000	124,300,000	122,000,000	124,700,000	125,200,000	132,300,000		128,700,000				126,500,000		123,300,000	117,000,000	119,700,000	125,100,000
goodwill	3,428,400,000	3,419,200,000	3,101,800,000	2,834,100,000	769,100,000	785,800,000	774,300,000	775,200,000	779,500,000	770,400,000	776,100,000	813,400,000	807,800,000	788,500,000	666,400,000	681,900,000	684,800,000	664,800,000	552,100,000	548,000,000	543,900,000	532,200,000	524,200,000	519,800,000	528,900,000	516,900,000	516,000,000	342,600,000	321,400,000	321,600,000	299,900,000	305,700,000	301,800,000	300,300,000	278,100,000	274,600,000	239,500,000	158,000,000	158,000,000	156,400,000	152,500,000	93,800,000	64,200,000	65,900,000		30,800,000				30,600,000			28,200,000				28,400,000				28,200,000				26,700,000	27,600,000
intangible assets	2,122,200,000	2,163,300,000	2,571,000,000	2,621,900,000	340,900,000	358,800,000	364,700,000	376,000,000	388,900,000	395,800,000	410,300,000	436,300,000	445,400,000	447,500,000	310,200,000	329,100,000	342,600,000	334,600,000	289,200,000	298,600,000	299,100,000	300,700,000	303,800,000	311,400,000	325,900,000	325,900,000	340,600,000	233,900,000	213,900,000	221,400,000	209,000,000	218,400,000	216,800,000	222,000,000	201,800,000	200,300,000	186,000,000	77,300,000	79,700,000	85,900,000	86,800,000					21,400,000				23,800,000			18,200,000				19,900,000				20,800,000				18,600,000	19,900,000
other assets	263,600,000	278,100,000	247,100,000	311,900,000	206,800,000	195,500,000	183,700,000	190,400,000	193,800,000	185,900,000	182,600,000	190,600,000	191,400,000	181,900,000	175,200,000	152,600,000	127,700,000	106,400,000	89,100,000	87,000,000	78,800,000	82,600,000	90,600,000	88,700,000	86,300,000	76,400,000	64,300,000	69,900,000	34,000,000	38,200,000	36,800,000	38,000,000	38,100,000	38,600,000	34,800,000	33,400,000	31,700,000	30,300,000	29,100,000	30,400,000	18,300,000	30,600,000	29,000,000	28,500,000	86,000,000	17,600,000	94,700,000	94,000,000	97,300,000	13,200,000	113,000,000	114,100,000	9,600,000	94,900,000	97,400,000	98,700,000	13,300,000	94,600,000	93,600,000	98,500,000	12,900,000	108,500,000	121,100,000	114,400,000	10,400,000	19,200,000
total assets	8,190,700,000	8,199,400,000	8,252,600,000	7,999,300,000	3,413,800,000	2,789,000,000	2,690,100,000	2,690,700,000	2,710,400,000	2,688,800,000	2,587,800,000	2,579,600,000	2,584,100,000	2,554,500,000	2,222,100,000	2,209,900,000	2,141,400,000	2,038,500,000	1,976,300,000	1,794,300,000	1,805,900,000	1,811,900,000	1,821,000,000	1,884,200,000	1,914,900,000	1,918,800,000	1,912,300,000	1,521,600,000	1,442,500,000	1,521,200,000	1,479,100,000	1,498,000,000	1,391,400,000	1,424,900,000	1,319,600,000	1,271,800,000	1,187,400,000	960,700,000	949,200,000	922,200,000	876,100,000	781,700,000	671,600,000	650,200,000	657,300,000	621,200,000	607,100,000	591,000,000	582,100,000	678,000,000	660,500,000	621,500,000	592,200,000	576,400,000	598,100,000	571,200,000	582,200,000	570,600,000	511,400,000	506,800,000	533,100,000	551,300,000	560,800,000	559,200,000	591,300,000	586,000,000
liabilities and stockholders’ equity
current liabilities:
short-term debt	411,900,000	411,400,000	410,200,000	21,400,000							900,000	800,000	600,000	800,000		100,000		300,000	600,000	500,000	2,400,000
accounts payable, trade and other	261,900,000	300,500,000	288,900,000	282,200,000	131,000,000	144,700,000	135,600,000	142,400,000	134,600,000	121,300,000	137,400,000	215,300,000	237,000,000	221,000,000	222,900,000	212,500,000	186,000,000	183,400,000	177,900,000	150,000,000	140,700,000	152,000,000	150,400,000	159,200,000	198,600,000	186,800,000	189,100,000	154,800,000	191,200,000	174,100,000	162,100,000	156,800,000	157,100,000	159,100,000	139,400,000	137,300,000	135,700,000	120,700,000	113,400,000	110,500,000	110,700,000	109,600,000	95,600,000	86,400,000	86,200,000	88,100,000	83,900,000	80,400,000	73,700,000	88,700,000	78,000,000	69,400,000	82,500,000	84,900,000	87,600,000	80,300,000	86,300,000	78,800,000	66,300,000	57,900,000	65,900,000	64,800,000	67,500,000	66,700,000	67,200,000	78,700,000
advance and progress payments	517,700,000	499,400,000	521,900,000	496,100,000	194,100,000	159,100,000	150,100,000	161,100,000	172,000,000	169,800,000	192,100,000	220,400,000	194,700,000	216,400,000	214,300,000	218,700,000	190,200,000	157,100,000	144,900,000	145,900,000	137,500,000	111,300,000	101,900,000	102,500,000	107,000,000	116,500,000	124,600,000	148,600,000	145,800,000	173,300,000	206,900,000	245,300,000	127,600,000	160,800,000	129,600,000	136,400,000	110,500,000	127,200,000	138,600,000	138,200,000	115,800,000	108,800,000	100,200,000	106,500,000	83,900,000	88,300,000	92,600,000	92,400,000	100,800,000	74,300,000	91,300,000	66,600,000	57,400,000	67,100,000	55,300,000	65,200,000	52,400,000	78,700,000	66,600,000	71,300,000	69,500,000	83,400,000	83,500,000	95,800,000	92,900,000	105,700,000
accrued payroll	169,800,000	164,300,000	162,300,000	149,500,000	55,300,000	45,200,000	41,000,000	33,200,000	59,700,000				58,500,000				56,600,000	55,200,000			42,900,000		30,800,000	37,400,000	54,000,000				46,800,000				49,800,000				49,100,000				45,800,000					35,500,000				34,400,000			30,900,000				34,400,000				31,300,000				32,000,000
other current liabilities	260,900,000	273,500,000	260,400,000	234,200,000	110,700,000	124,400,000	116,200,000	129,400,000	118,100,000	152,900,000	149,900,000	181,800,000	130,400,000	181,000,000	169,500,000	164,600,000	117,100,000	106,800,000	155,500,000	173,000,000	134,000,000	171,100,000	129,100,000	112,700,000	114,000,000	167,900,000	167,400,000	150,100,000	101,000,000	148,900,000	147,000,000	132,700,000	96,400,000	143,200,000	127,100,000	120,700,000	90,600,000	137,200,000	130,100,000	120,500,000	78,600,000	104,600,000	88,600,000	91,300,000	107,200,000	54,300,000	79,800,000	79,500,000	72,200,000	45,700,000	92,100,000	85,200,000	62,800,000	95,600,000	97,500,000	92,900,000	61,600,000	92,400,000	86,200,000	80,000,000	56,000,000	92,400,000	93,500,000	87,200,000	64,500,000	116,500,000
total current liabilities	1,622,200,000	1,649,100,000	1,643,700,000	1,183,400,000	535,500,000	473,400,000	442,900,000	466,100,000	484,400,000	584,300,000	610,000,000	618,300,000	621,200,000	619,200,000	606,700,000	595,900,000	549,900,000	502,800,000	478,900,000	469,400,000	457,500,000	434,600,000	412,300,000	412,100,000	474,500,000	472,800,000	484,000,000	453,500,000	485,300,000	496,400,000	516,100,000	543,700,000	441,400,000	475,300,000	403,700,000	402,200,000	393,000,000	390,500,000	389,800,000	371,200,000	353,100,000	325,300,000	287,600,000	288,200,000	281,700,000	277,600,000	262,200,000	256,400,000	250,700,000	250,800,000	362,500,000	224,400,000	239,700,000	247,600,000	240,400,000	238,400,000	242,000,000	249,900,000	219,100,000	209,200,000	233,600,000	240,600,000	244,500,000	249,700,000	264,400,000	341,600,000
long-term debt	1,470,000,000	1,495,300,000	1,511,300,000	1,966,100,000	1,252,100,000	648,300,000	647,600,000	647,000,000	646,400,000	645,800,000	949,600,000	956,500,000	977,300,000	979,000,000	674,600,000	669,900,000	674,400,000	652,900,000	641,100,000	469,300,000	522,500,000
accrued pension and other post-retirement benefits, less current portion	21,400,000				19,300,000				24,600,000				32,000,000				57,600,000				94,100,000				73,900,000				72,500,000				85,900,000				86,100,000				90,700,000
deferred tax liabilities	382,600,000	383,000,000	495,700,000	593,200,000
other liabilities	230,700,000	233,800,000	209,500,000	133,100,000	62,700,000	59,800,000	58,800,000	63,200,000	66,100,000	67,300,000	65,900,000	82,400,000	90,900,000	105,700,000	102,800,000	107,300,000	109,000,000	101,400,000	81,800,000	93,600,000	94,700,000	94,700,000	92,200,000	96,400,000	98,700,000	92,400,000	88,800,000	73,200,000	40,700,000	43,800,000	43,700,000	45,200,000	49,500,000	49,600,000	36,200,000	35,300,000	36,800,000	25,600,000	24,200,000	30,200,000	20,200,000	30,100,000	23,500,000	24,100,000	39,800,000	31,700,000	30,200,000	28,900,000	28,800,000	25,500,000	29,700,000	29,400,000	24,900,000	27,700,000	29,800,000	29,400,000	26,500,000	31,000,000	28,800,000	25,800,000	26,500,000	36,800,000	36,000,000	33,300,000	26,400,000	28,300,000
commitments and contingencies
stockholders’ equity:
preferred stock, 0.01 par value...
common stock, 0.01 par value...	500,000	500,000	500,000	500,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000		300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000		300,000				300,000				300,000	300,000
common stock held in treasury, at cost; 2025: 0 shares; 2024: 17,886 shares
additional paid-in capital	2,717,300,000	2,719,500,000	2,731,300,000	2,727,300,000	234,300,000	231,400,000	227,900,000	225,300,000	227,900,000	223,900,000	221,300,000	220,600,000	220,700,000	217,900,000	215,400,000	215,900,000	214,200,000	214,300,000	212,000,000	231,600,000	229,900,000	228,900,000	236,100,000	244,300,000	241,800,000	241,800,000	239,300,000	248,500,000	245,900,000	245,200,000	242,300,000	254,600,000	252,200,000	251,100,000	249,500,000	247,200,000	77,200,000	74,400,000	71,800,000	69,600,000	71,600,000	70,100,000	70,300,000	68,400,000	69,600,000	67,700,000	65,600,000	63,900,000	62,600,000	66,200,000	64,400,000	62,600,000	60,700,000	59,400,000	58,100,000	56,500,000	59,100,000	57,200,000	55,100,000	53,100,000	53,500,000	51,200,000	46,200,000	44,000,000	41,900,000	37,800,000
retained earnings	1,464,800,000	1,416,900,000	1,356,200,000	1,358,000,000	1,535,900,000	1,546,300,000	1,510,600,000	1,483,100,000	1,463,600,000	1,365,600,000	901,500,000	873,700,000	851,300,000	817,000,000	786,000,000	755,800,000	733,400,000	705,000,000	678,900,000	651,600,000	627,800,000	600,900,000	586,900,000	557,600,000	532,800,000	493,900,000	463,700,000	433,100,000	416,500,000	354,700,000	333,800,000	303,400,000	333,700,000	317,600,000	295,000,000	280,300,000	266,600,000	246,600,000	228,900,000	213,200,000	211,100,000	193,200,000	183,300,000	171,700,000	147,700,000	146,500,000	135,500,000	131,400,000	125,500,000	123,500,000	107,100,000	103,200,000	95,800,000	90,700,000	84,700,000	76,500,000	73,600,000	59,800,000	52,500,000	46,500,000	44,700,000	36,000,000	29,700,000	22,200,000	20,200,000	12,000,000
accumulated other comprehensive income	281,200,000
total stockholders’ equity	4,463,800,000																															419,000,000		430,300,000	402,700,000	376,300,000		169,100,000	148,400,000																						61,800,000					21,400,000
total liabilities and stockholders’ equity	8,190,700,000																															1,498,000,000		1,424,900,000	1,319,600,000	1,271,800,000		960,700,000	949,200,000																						533,100,000		560,800,000	559,200,000	591,300,000	586,000,000
assets:
liabilities and stockholders' equity:
accrued pension and other postretirement benefits, less current portion		17,400,000	17,500,000	16,200,000		22,400,000	22,000,000	23,300,000		18,300,000	28,700,000	31,400,000		44,400,000	48,200,000	53,200,000		74,100,000	88,800,000	89,900,000		73,200,000	72,300,000	71,400,000		61,200,000	68,000,000	70,300,000		62,500,000	71,500,000	82,700,000		77,900,000	85,100,000	85,400,000		75,300,000	81,400,000	85,600,000		73,900,000	81,900,000	82,900,000	40,900,000	52,500,000	93,300,000	96,600,000	98,900,000	104,600,000	96,100,000	105,000,000	109,200,000	61,200,000	71,700,000	73,500,000	73,000,000	63,200,000	71,600,000	74,900,000	77,100,000	83,300,000	117,600,000	118,100,000	118,300,000	51,200,000
stockholders' equity:
common stock held in treasury, at cost september 30, 2025: 0 shares; december 31, 2024: 17,886 shares
accumulated other comprehensive gain		283,900,000	286,900,000
total stockholders' equity		4,420,800,000	4,374,900,000	4,107,300,000	1,544,200,000	1,585,100,000	1,518,800,000	1,491,100,000	1,488,900,000	1,373,100,000	921,200,000	891,000,000	862,700,000	806,200,000	789,800,000	783,600,000	750,500,000	707,300,000	685,700,000	672,100,000	637,100,000	611,400,000	596,600,000	570,700,000	569,500,000	523,700,000	500,000,000	476,400,000	456,900,000	432,400,000	410,600,000		441,900,000				179,900,000			137,800,000	129,700,000	121,700,000	124,300,000	104,400,000	158,100,000	154,400,000	118,800,000	108,600,000	105,900,000	105,600,000	96,500,000	86,400,000	79,800,000	105,600,000	111,000,000	99,100,000	93,000,000	82,800,000	61,800,000	59,900,000		45,600,000
total liabilities and stockholders' equity		8,199,400,000	8,252,600,000	7,999,300,000	3,413,800,000	2,789,000,000	2,690,100,000	2,690,700,000	2,710,400,000	2,688,800,000	2,587,800,000	2,579,600,000	2,584,100,000	2,554,500,000	2,222,100,000	2,209,900,000	2,141,400,000	2,038,500,000	1,976,300,000	1,794,300,000	1,805,900,000	1,811,900,000	1,821,000,000	1,884,200,000	1,914,900,000	1,918,800,000	1,912,300,000	1,521,600,000	1,442,500,000	1,521,200,000	1,479,100,000		1,391,400,000				1,187,400,000			922,200,000	876,100,000	781,700,000	671,600,000	650,200,000	657,300,000	621,200,000	607,100,000	591,000,000	582,100,000	678,000,000	660,500,000	621,500,000	592,200,000	576,400,000	598,100,000	571,200,000	582,200,000	570,600,000	511,400,000	506,800,000		551,300,000
common stock held in treasury, at cost june 30, 2025: 0 shares; december 31, 2024: 17,886 shares
common stock held in treasury, at cost march 31, 2025: 0 shares; december 31, 2024: 17,886 shares
accumulated other comprehensive loss				21,500,000	-224,500,000	-190,800,000	-217,800,000	-214,400,000	-195,800,000	-214,600,000	-199,700,000	-199,900,000	-204,300,000	-228,600,000	-211,900,000	-188,400,000	-197,400,000	-212,300,000	-205,500,000	-210,500,000	-219,900,000	-217,700,000	-219,700,000	-218,900,000	-192,800,000	-197,800,000	-188,900,000	-186,200,000	-186,500,000	-155,800,000	-153,800,000	-135,300,000	-140,300,000	-133,800,000	-142,100,000	-151,500,000	-157,000,000	-145,000,000	-145,300,000	-141,300,000	-147,200,000	-135,500,000	-125,500,000	-132,900,000	-59,500,000	-60,100,000	-82,600,000	-87,000,000	-82,300,000	-81,000,000	-75,000,000	-79,400,000	-76,700,000	-44,800,000	-32,100,000	-34,200,000	-39,300,000	-33,800,000	-45,400,000	-39,300,000	-36,000,000	-41,200,000	-61,800,000	-72,700,000	-70,400,000	-28,000,000
liabilities and stockholders' equity
foreign currency derivative liabilities					44,400,000
common stock held in treasury, at cost; 2024: 17,886 shares; 2023: 71,982 shares					-1,800,000
common stock held in treasury, at cost september 30, 2024: 20,780 shares; december 31, 2023: 71,982 shares						-2,100,000
common stock held in treasury, at cost june 30, 2024: 21,771 shares; december 31, 2023: 71,982 shares							-2,200,000
common stock held in treasury, at cost march 31, 2024: 31,460 shares; december 31, 2023: 71,982 shares								-3,200,000
current assets of discontinued operations
non-current assets of discontinued operations
current liabilities of discontinued operations
non-current liabilities of discontinued operations
common stock held in treasury, at cost; 2023: 71,982 shares; 2022: 57,959 shares									-7,100,000
marketable securities										125,000,000
income taxes payable										140,300,000																																																			4,300,000				6,100,000
common stock held in treasury, at cost september 30, 2023: 23,733 shares; december 31, 2022: 57,959 shares										-2,100,000
current assets held for sale											249,700,000
non-current assets held for sale											85,400,000
current liabilities held for sale											129,700,000
non-current liabilities held for sale											12,400,000
common stock held in treasury, at cost june 30, 2023: 24,316 shares; december 31, 2022: 57,959 shares											-2,200,000
common stock held in treasury, at cost march 31, 2023: 41,325 shares; december 31, 2022: 57,959 shares												-3,700,000
common stock held in treasury, at cost; 2022: 57,959, and 2021: 0													-5,300,000
common stock held in treasury, at cost september 30, 2022: 3,596 shares and december 31, 2021: 0 shares														-400,000
common stock held in treasury, at cost june 30, 2022: 0 shares and december 31, 2021: 0 shares
common stock held in treasury, at cost march 31, 2022: 0 shares and december 31, 2021: 0 shares
common stock held in treasury, at cost; 2021: 0, and 2020: 11,871
common stock held in treasury, at cost september 30, 2021: 0 shares and december 31, 2020: 11,871 shares
common stock held in treasury, at cost june 30, 2021: 0 shares and december 31, 2020: 11,871 shares
common stock held in treasury, at cost march 31, 2021: 11,401 shares and december 31, 2020: 11,871 shares																				-900,000
common stock held in treasury, at cost; 2020: 11,871; and 2019: 74,953																					-1,000,000
short-term debt and current portion of long-term debt																						200,000	100,000	300,000	900,000	1,600,000	2,900,000		500,000	100,000	100,000	8,900,000	10,500,000	12,200,000	7,600,000	7,800,000	7,100,000	5,400,000	7,700,000	2,000,000	2,200,000	2,300,000	3,200,000	4,000,000	4,400,000	6,300,000	5,900,000	4,100,000	4,000,000	2,000,000	101,100,000	3,200,000
long-term debt, less current portion																						598,000,000	647,600,000	733,600,000	698,300,000	768,700,000	771,500,000	448,200,000	387,100,000	486,100,000	437,200,000	407,400,000	372,700,000	391,800,000	391,900,000	372,600,000	491,600,000	300,200,000	305,400,000	297,400,000	280,600,000	230,700,000	154,300,000	150,600,000	136,800,000	94,100,000	102,600,000	100,500,000	97,800,000	189,100,000	75,700,000	176,300,000	135,700,000	134,300,000	145,200,000	130,800,000	145,400,000	143,700,000	130,100,000	137,000,000	131,800,000	145,000,000	149,000,000	165,000,000	185,000,000	140,000,000
common stock held in treasury, at cost september 30, 2020: 12,563 shares and december 31, 2019: 74,953 shares																						-1,000,000
common stock held in treasury, at cost june 30, 2020: 13,382 shares and december 31, 2019: 74,953 shares																							-7,000,000
common stock held in treasury, at cost march 31, 2020: 74,580 shares and december 31, 2019: 74,953 shares																								-12,600,000
common stock held in treasury, at cost; 2019: 74,953; and 2018: 219,230 shares																									-12,600,000
deferred income taxes																										10,000,000	10,600,000	10,900,000	15,000,000	14,400,000	13,400,000	14,400,000	13,100,000	23,700,000	23,800,000	26,200,000	35,000,000	35,100,000	32,900,000	30,200,000	32,000,000					20,600,000				19,300,000			8,300,000				8,700,000				6,600,000				6,700,000	27,700,000
common stock held in treasury, at cost september 30, 2019: 78,773 shares and december 31, 2018: 219,230 shares																										-14,500,000
common stock held in treasury, at cost june 30, 2019: 78,871 shares and december 31, 2018: 219,230 shares																											-14,400,000
common stock held in treasury, at cost; march 31, 2019 and december 31, 2018: 219,230 shares																												-19,300,000
common stock held in treasury, at cost; 2018: 219,230; and 2017: 45,897 shares																													-19,300,000
common stock held in treasury, at cost; september 30, 2018: 136,389 shares and december 31, 2017: 45,897 shares																														-12,000,000
common stock held in treasury, at cost; june 30, 2018: 136,389 shares and december 31, 2017: 45,897 shares																															-12,000,000
liabilities and stockholders’ equity:
common stock held in treasury, at cost; march 31, 2018 and december 31, 2017: 45,897 shares																																-4,000,000
common stock held in treasury, at cost; 2017: 45,897; and 2016: 159,194 shares																																	-4,000,000
common stock held in treasury, at cost; september 30, 2017: 55,329 sharesdecember 31, 2016: 159,194 shares																																		-4,900,000
common stock held in treasury, at cost; december 31, 2016: 159,194 shares
common stock held in treasury, at cost; 2016: 159,194; and 2015: 168,661 shares																																					-7,200,000
common stock held in treasury, at cost; september 30, 2016: 159,194 shares; december 31, 2015: 168,661 shares																																						-7,200,000
common stock held in treasury, at cost; june 30, 2016: 161,196 shares; december 31, 2015: 168,661 shares																																							-7,300,000
common stock held in treasury, at cost; 2016: 100,317 shares; 2015: 168,661 shares																																								-4,000,000
prepaid expenses																																									8,000,000					6,500,000				5,800,000			5,100,000				5,100,000				4,500,000				4,300,000	4,900,000
assets held for sale																																									600,000					3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	2,700,000	2,700,000	2,700,000
investments																																									9,200,000					12,200,000				11,500,000			10,500,000				9,900,000				10,900,000				7,900,000
common stock held in treasury, at cost; 2015: 168,661 shares; 2014: 46,660 shares																																									-6,100,000
deferred taxes																																										23,900,000	23,700,000
intangible assets - customer relationships, net of accumulated amortization of 14.6 and 12.4, respectively																																										39,200,000
intangible assets - other, net of accumulated amortization of 35.2 and 34.5, respectively																																										34,900,000
common stock held in treasury, at cost; 2015: 177,179 shares; 2014: 46,660 shares																																										-6,400,000
cash flows from operating activities:
net income																																										35,000,000	22,400,000	8,000,000	6,600,000
income from discontinued operations, net of income taxes																																										100,000			100,000
income from continuing operations																																										35,100,000	22,400,000	8,000,000	6,700,000
adjustments to reconcile income from continuing operations to cash from operating activities of continuing operations:
depreciation and amortization																																										20,900,000	13,600,000	6,800,000	11,600,000
stock-based compensation																																										5,200,000	3,300,000	1,400,000	3,700,000
other																																										1,800,000	1,900,000	4,000,000	3,200,000
changes in operating assets and liabilities:
trade receivables																																										-500,000	8,900,000	26,200,000	28,400,000
other assets and liabilities																																										-30,500,000	-22,600,000	-29,900,000	-4,700,000
cash from continuing operating activities																																										47,900,000	39,800,000	30,500,000	20,300,000
net cash required by discontinued operating activities																																										-100,000	-100,000		-300,000
cash from operating activities																																										47,800,000	39,700,000	30,500,000	20,000,000
cash flows required by investing activities:
acquisitions, net of cash acquired																																										-50,900,000
capital expenditures																																										-26,500,000	-19,400,000	-7,800,000	-17,100,000
proceeds from disposal of assets																																										900,000	800,000	300,000	1,100,000
proceeds from property available for sale																																										2,000,000	2,000,000
cash required by investing activities																																										-74,500,000	-16,600,000	-7,500,000	-17,700,000
cash flows from financing activities:
net decrease in short-term debt																																										-1,600,000	-1,100,000
cash from refinancing of credit facility																																										183,700,000	183,700,000	183,700,000
cash payments to settle existing credit facility																																										-183,700,000	-183,700,000	-183,700,000
cash payments to settle private placement debt																																										-75,000,000
net borrowings on credit facilities																																										134,100,000
repayment of long-term debt																																										-900,000	-700,000	-300,000	-2,800,000
excess tax benefits																																										2,100,000	1,800,000	1,800,000	900,000
tax withholdings on stock-based compensation awards																																										-5,500,000	-4,300,000	-4,300,000	-2,600,000
purchase of stock held in treasury																																										-7,700,000	-4,100,000	-3,100,000
dividends																																										-8,300,000	-5,600,000	-3,000,000	-5,500,000
cash from financing activities																																										37,200,000
effect of foreign exchange rate changes on cash and cash equivalents																																										-5,900,000	-4,600,000	-5,600,000	-1,400,000
increase in cash and cash equivalents																																										4,600,000	-13,400,000		34,300,000
cash and cash equivalents, beginning of period																																										33,300,000	33,300,000	33,300,000	29,400,000
cash and cash equivalents, end of period																																										37,900,000	19,900,000	19,800,000	63,700,000
intangible assets - customer relationships, net of accumulated amortization of 13.8 and 12.4, respectively																																											37,900,000
intangible assets - other, net of accumulated amortization of 34.8 and 34.5, respectively																																											19,500,000
common stock held in treasury, at cost; 2015: 117,778 shares; 2014: 46,660 shares																																											-4,100,000
cash flows provided (required) by financing activities:
net payments on credit facilities																																											-17,800,000	-22,000,000
cash provided (required) by financing activities																																											-31,900,000		33,400,000
intangible assets - customer relationships, net of accumulated amortization of 12.9 and 12.4, respectively																																												38,400,000
intangible assets - other, net of accumulated amortization of 33.4 and 34.5, respectively																																												19,700,000
common stock held in treasury, at cost; 2015: 90,000 shares; 2014: 46,660 shares																																												-3,100,000
cash flows required by financing activities:
cash required by financing activities																																												-30,900,000
decrease in cash and cash equivalents																																												-13,500,000
adjustments to reconcile income from continuing operations to cash provided (required) by operating activities of continuing operations:
cash flows from investing activities:
acquisitions																																													-1,700,000
net increase in short-term debt																																													-600,000
net proceeds (payments) on credit facilities																																													44,000,000
issuance of long-term debt
2013: 28,979,080 issued and 28,979,080 outstanding; 2012: 28,946,413 issued and 28,732,211 outstanding																																														300,000
common stock held in treasury, at cost; 2012: 214,202 shares
common stock held in treasury, at cost; 2013: 8,714 and 2012: 214,202 shares																																																	-200,000
common stock held in treasury, at cost; 2012: 214,202 shares; 2011: 20,846 shares																																																		-3,400,000
common stock held in treasury, at cost; 2012 and 2011: 20,846 shares																																																			-300,000	-300,000
common stock held in treasury, at cost; 2011: 20,846 shares; 2010: 51,445 shares																																																					-300,000
common stock held in treasury, at cost; 2010: 51,445 shares
and 225.5, respectively																																																								131,700,000
and outstanding; 2010: 28,237,279 issued and 28,185,834 outstanding																																																								300,000
common stock held in treasury, at cost; 2010: 51,445 shares; 2009: 52,142 shares																																																									-700,000
respectively																																																										121,900,000	117,300,000
2010: 28,238,271 issued and 28,186,129 outstanding; 2009: 27,663,335 issued and 27,611,193 outstanding																																																										300,000
common stock held in treasury, at cost;
2010: 52,142 shares; 2009: 52,142 shares																																																										-700,000	-700,000
2010: 28,206,573 issued and 28,154,431 outstanding; 2009: 27,663,335 issued and 27,611,193 outstanding																																																											300,000
and 218.1, respectively																																																												121,100,000
issued
2010: 28,206,065 issued and 28,153,923 outstanding
2009: 27,663,335 issued and 27,611,193 outstanding																																																												300,000
2010: 52,142 shares
2009: 52,142 shares																																																												-700,000
common stock held in treasury, at cost; 2009: 52,142 shares; 2008: 55,154 shares																																																													-700,000
and 197.0, respectively																																																														126,700,000
2009: 27,663,335 issued and 27,611,193 outstanding; 2008: 27,594,664 issued and 27,539,510 outstanding																																																														300,000
2009: 52,142 shares; 2008: 55,154 shares																																																														-700,000
2009: 27,632,501 issued and 27,580,359 outstanding;
2008: 27,594,664 issued and 27,539,510 outstanding																																																															300,000
2009: 52,142 shares;
2008: 55,154 shares																																																															-700,000	-700,000
2009: 27,594,664 issued and 27,542,222 outstanding
2008: 27,594,664 issued and 27,539,210 outstanding																																																																300,000
assets of discontinued operations																																																																		2,200,000
liabilities of discontinued operations																																																																		1,800,000
common stock held in treasury, at cost; 55,154 shares outstanding in 2008																																																																	-800,000
parent company investment
payable to former parent																																																																		38,900,000
common stock held in treasury, at cost; 52,142 shares outstanding in 2008																																																																		-700,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2013-12-31	2013-03-31	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30

cash flows from continuing operating activities:
net income	53,100,000	66,000,000	3,400,000	-173,000,000	-7,000,000	38,900,000	30,700,000	22,800,000				25,600,000	37,500,000	34,200,000	33,400,000	25,600,000	31,600,000	29,300,000	30,500,000	27,000,000	30,100,000	17,200,000	32,500,000	29,000,000	42,100,000	33,500,000	33,700,000	19,700,000	42,900,000	26,400,000	33,600,000	1,200,000	19,400,000	25,800,000	17,900,000	17,400,000	23,100,000	20,600,000	18,800,000	5,100,000	20,900,000	12,600,000	14,400,000	8,000,000	13,600,000	4,100,000	7,700,000	3,900,000		8,100,000	10,300,000	4,900,000		9,400,000	8,100,000	4,000,000	10,700,000	8,300,000	9,700,000	4,100,000	10,100,000	8,800,000
income from discontinued operations, net of taxes	0				-100,000	800,000	0	100,000
income from continuing operations	53,100,000	66,800,000	3,400,000	-173,000,000	-6,900,000	38,100,000	30,700,000	22,700,000	54,700,000	30,500,000											30,100,000	17,200,000	32,500,000	29,000,000	42,100,000	33,500,000	34,000,000	19,700,000	42,900,000	26,400,000	33,500,000	1,600,000	19,800,000	26,400,000	18,300,000	17,600,000	23,400,000	20,600,000	18,800,000	5,200,000	20,900,000	12,700,000	14,400,000	8,000,000	13,700,000	4,100,000	7,900,000	4,000,000		8,100,000	10,400,000	4,900,000				3,900,000	10,600,000	8,400,000	9,700,000	4,100,000	10,300,000	8,800,000
adjustments to reconcile income from continuing operations to cash from continuing operating activities:
depreciation
amortization
stock-based compensation	6,100,000	7,800,000	4,500,000	4,800,000	3,300,000	3,600,000	3,600,000	4,200,000	4,300,000	2,500,000	2,000,000	2,600,000	2,900,000	2,600,000	3,000,000	1,700,000	0	2,400,000	2,300,000	1,800,000	1,000,000	-1,200,000	-400,000	2,500,000	2,200,000	2,500,000	2,100,000	2,600,000	2,100,000	2,900,000	2,300,000	2,400,000	2,800,000	1,900,000	2,500,000	1,800,000	2,800,000	2,600,000	2,300,000	2,200,000	2,000,000	1,900,000	1,900,000	1,400,000	1,800,000	1,700,000				1,400,000	1,500,000	1,300,000		1,900,000	1,900,000	1,600,000	2,000,000	2,100,000	2,000,000	1,800,000
pension and other post-retirement benefits expense	200,000	700,000	400,000	147,100,000
deferred income taxes
loss on deal contingent hedge
other	7,400,000	2,700,000	22,400,000	27,000,000	3,000,000	3,500,000	3,400,000	2,400,000	-2,800,000	2,800,000	1,700,000	4,900,000	-1,900,000	6,000,000	2,700,000	1,700,000	700,000	600,000	1,400,000	1,000,000	-3,500,000	4,100,000	2,200,000	1,900,000	6,100,000	1,800,000	2,700,000	400,000	900,000	-18,700,000	-5,300,000	400,000	-1,400,000	100,000			-1,600,000	-4,200,000	3,800,000	1,300,000	-1,700,000	-100,000	-2,100,000	4,000,000	-3,600,000	-3,400,000	-3,600,000	100,000		3,800,000	600,000	-2,500,000		-5,200,000	700,000	600,000	2,400,000	-4,400,000	-300,000	6,200,000	10,000,000	1,200,000
changes in operating assets and liabilities:
trade receivables, net and contract assets	-17,800,000	300,000	13,200,000	18,000,000	-11,800,000	-17,600,000	-15,600,000	-14,200,000	-23,900,000	17,800,000	-19,900,000	4,400,000	-9,200,000	-1,300,000	-35,200,000	-6,500,000	-13,100,000	-13,300,000	-22,900,000	20,100,000	8,000,000	1,000,000	38,800,000	14,700,000	-2,600,000	-11,900,000	-32,100,000	27,800,000
inventories	14,700,000	-3,900,000	-51,800,000	-12,900,000	20,300,000	6,000,000	-9,400,000	-13,200,000	19,000,000	7,800,000	31,000,000	-30,900,000	23,700,000	-14,400,000	-31,100,000	-47,200,000	-11,300,000	-15,600,000	-10,100,000	-900,000	29,600,000	11,800,000	5,400,000	-2,800,000	12,800,000	-4,700,000	300,000	-14,100,000	41,700,000	-2,000,000	-45,800,000	-1,400,000	30,100,000	-13,900,000	-17,100,000	-22,800,000	35,000,000	6,500,000	-14,800,000	-29,600,000	32,800,000	-3,600,000	-1,900,000	-11,700,000	27,600,000	-24,800,000				-17,300,000	400,000	-20,100,000		-6,900,000	-10,400,000	-6,200,000	34,800,000	400,000	15,400,000	-27,800,000	11,700,000	18,000,000
accounts payable, trade and other	-39,300,000	8,700,000	-6,600,000	20,900,000	-9,100,000	7,000,000	-5,900,000	8,600,000	11,500,000	-14,600,000	-7,500,000	-21,500,000	6,200,000	2,100,000	12,300,000	27,200,000	-400,000	2,400,000	26,500,000	11,100,000	-14,400,000	-400,000	-9,900,000	-36,300,000	9,100,000	23,200,000	1,400,000	-37,400,000	19,400,000	7,200,000	9,300,000	-100,000	-3,200,000	15,700,000	-1,400,000	-2,600,000	5,800,000	7,300,000	4,600,000	-1,600,000	-3,800,000	5,300,000	8,100,000	800,000	2,600,000	-13,500,000				100,000	7,100,000	-6,700,000		9,000,000	10,400,000	-6,500,000	1,500,000	-4,200,000	-2,000,000	1,300,000	-9,100,000	-10,800,000
advance and progress payments	18,200,000	-23,900,000	-5,300,000	31,800,000	42,600,000	6,300,000	-8,900,000	-7,900,000	-1,400,000	-21,000,000	-6,200,000	27,000,000	-23,200,000	-14,400,000	1,100,000	28,400,000	32,200,000	14,300,000	-2,900,000	11,300,000	21,900,000	7,700,000	-2,700,000	-800,000	-11,600,000	-2,600,000	-38,300,000	3,800,000		-38,200,000	53,900,000	1,600,000		26,400,000	-9,900,000	20,500,000		-11,300,000	1,700,000	19,900,000		1,900,000	-7,900,000	24,900,000		27,200,000				14,600,000	-9,900,000	11,700,000
accrued pension and other post-retirement benefits	-1,200,000	-700,000	-400,000	-2,800,000
income taxes on gain from sale of aerotech
other assets and liabilities	87,900,000	-26,200,000	39,900,000	-87,100,000	20,200,000	3,500,000	2,800,000	-14,000,000	49,100,000	-6,200,000	300,000	-14,100,000	25,600,000	-4,900,000	1,000,000	-9,700,000	5,100,000	4,700,000	1,800,000	-3,800,000	-4,200,000	2,100,000	3,800,000	-11,700,000	-24,200,000	-32,900,000	29,200,000	-16,200,000	6,400,000	21,100,000	-12,600,000	-18,200,000	8,700,000	11,900,000	4,500,000	-20,500,000	5,200,000	4,600,000	-2,800,000	-10,400,000	18,100,000	-7,900,000	7,300,000	-29,900,000	18,700,000	-17,300,000				-13,100,000	4,700,000	-7,000,000		9,600,000	6,500,000	-23,000,000	3,900,000	-1,500,000	8,700,000	-21,000,000	-3,400,000	3,600,000
cash from continuing operating activities	117,400,000	87,700,000	102,200,000	34,400,000	128,700,000	71,900,000	21,600,000	10,400,000	-21,400,000	33,000,000							62,400,000	33,000,000	44,600,000	85,700,000	90,900,000	60,100,000	87,200,000	13,800,000	75,500,000	22,000,000			128,000,000	11,500,000			37,100,000	67,200,000	-22,000,000	24,000,000	41,000,000	26,200,000	500,000	200,000	64,300,000	8,100,000	9,300,000	30,500,000	14,200,000	17,900,000	31,900,000	16,100,000		31,000,000							20,900,000	5,300,000	21,800,000	6,100,000
cash flows from continuing investing activities:
acquisitions, net of cash acquired	0	0	0	-1,746,000,000					0	0	1,000,000	-1,100,000	0	-329,300,000	0	-400,000	-39,200,000	-169,400,000	0	-15,900,000	0	0			2,500,000	-600,000	-320,500,000	-47,300,000	100,000	-38,800,000	0	-18,800,000	-1,100,000	-41,000,000	-1,100,000	-61,000,000	-228,800,000	0	0	-3,200,000	-100,000,000
proceeds from discontinued operations
investment in unconsolidated affiliate									0
capital expenditures												-17,900,000	-21,900,000	-21,300,000	-17,700,000	-26,700,000	-20,200,000	-13,600,000	-11,400,000	-8,900,000	-11,600,000	-6,500,000	-7,000,000	-9,200,000	-8,700,000	-11,400,000			-11,300,000	-9,800,000			-10,400,000	-10,000,000	-9,600,000	-7,900,000	-12,200,000	-4,000,000	-9,500,000	-11,400,000	-11,200,000	-7,100,000	-11,600,000	-7,800,000	-8,400,000	-8,300,000	-5,900,000	-5,200,000		-4,500,000				-6,100,000			-5,300,000	-4,700,000	-5,000,000	-4,800,000	-6,300,000	-4,400,000
free cash flows												3,700,000	45,800,000	8,500,000	-12,000,000	12,400,000	42,200,000	19,400,000	33,200,000	76,800,000	79,300,000	53,600,000	80,200,000	4,600,000	66,600,000	10,500,000			116,600,000	1,700,000			26,200,000	56,600,000	-32,000,000	15,900,000	28,400,000	22,200,000	-9,100,000	-11,200,000	52,900,000	1,000,000	-2,400,000	22,700,000	5,200,000	9,500,000	25,900,000	10,700,000		26,400,000				-5,700,000			15,600,000	600,000	16,900,000	1,200,000	5,500,000	31,300,000
proceeds from disposal of assets	2,100,000	0	3,900,000	600,000	500,000	0	400,000	500,000	900,000	700,000	400,000	100,000	300,000	300,000	500,000	100,000	3,700,000	300,000	1,100,000	600,000	300,000	-500,000	900,000	800,000	800,000	700,000			1,100,000	600,000	1,000,000	200,000	800,000	300,000	600,000	500,000	400,000	900,000	600,000	400,000	600,000	100,000	500,000	300,000	400,000	300,000	200,000	500,000		100,000				-600,000	600,000	900,000	500,000	800,000	-100,000	500,000	300,000	1,200,000
purchase of marketable securities									0
proceeds from sale of marketable securities
cash (required) provided by continuing investing activities					-9,500,000
cash flows from continuing financing activities:
net proceeds from short-term debt																										-1,200,000
repayment of domestic credit facility	-191,700,000	-1,337,400,000	0	-852,500,000
proceeds from domestic credit facility, net of debt issuance costs	167,600,000
proceeds from term loan b, net of debt issuance costs	0	6,500,000	0	890,400,000
repayment of term loan b	-2,300,000	-2,200,000
proceeds from issuance of 2030 convertible senior notes, net of debt issuance costs	0
purchase of convertible bond hedge	0																0	0
proceeds from sale of warrants	0																0	0
payment of debt issuance costs related to the marel transaction
acquisition of noncontrolling interest of marel	0	0	0	-24,400,000
settlement of taxes withheld on stock-based compensation awards	-300,000	0	-400,000	-7,600,000		0	0	-2,900,000		-100,000	-500,000	-1,100,000		0				-100,000				0
settlement of deal contingent hedge	0	0	0	-42,500,000
proceeds from settlement of cross currency swaps									0
common stock repurchases													-4,900,000	-500,000
dividends	-5,200,000	-5,200,000	-5,200,000	-5,300,000	-3,500,000	-3,200,000	-3,200,000	-3,200,000	-3,100,000	-3,300,000	-3,200,000	-3,200,000	-3,300,000	-3,100,000	-3,500,000	-3,200,000	-3,300,000	-3,200,000	-3,100,000	-3,200,000	-3,300,000	-3,200,000	-3,100,000	-3,200,000	-3,200,000	-3,200,000	-3,100,000	-3,200,000	-3,300,000	-3,200,000	-3,400,000	-3,200,000	-3,100,000	-3,200,000	-3,200,000	-3,200,000	-2,900,000	-2,900,000	-2,900,000	-3,100,000	-2,900,000	-2,700,000	-2,600,000	-3,000,000		-2,300,000	-2,000,000	-2,400,000		-2,000,000	-2,000,000	-2,400,000		-2,000,000
cash provided (required) by continuing financing activities	-32,800,000	-52,500,000	-78,000,000	621,400,000
net increase in cash from continuing operations	52,800,000				704,100,000				86,800,000	375,700,000
cash flows from discontinued operations:
cash provided (required) by operating activities of discontinued operations					200,000
cash required by investing activities of discontinued operations									0	-400,000
net cash provided (required) by discontinued operations					200,000
effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	400,000	-700,000	1,300,000	400,000
net increase in cash, cash equivalents and restricted cash	53,200,000
cash, cash equivalents and restricted cash from continuing operations, beginning of period
add: cash, cash equivalents and restricted cash from discontinued operations, beginning of period
add: net increase in cash, cash equivalents and restricted cash
less: cash, cash equivalents and restricted cash from discontinued operations, end of period
cash, cash equivalents and restricted cash from continuing operations, end of period	53,200,000	3,300,000	11,000,000	119,000,000
supplemental cash flow information for continuing operations:
interest paid
non-cash investing in capital expenditures, accrued but not paid						-700,000	-2,400,000	3,300,000	300,000	1,400,000	-8,300,000	10,300,000	-200,000	-2,900,000	8,900,000	6,000,000
reconciliation of cash, cash equivalents and restricted cash
cash and cash equivalents
restricted cash
total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows
depreciation and amortization		55,400,000	82,500,000	60,600,000		22,200,000	22,200,000	22,100,000		23,100,000	22,300,000	23,900,000		20,100,000	19,200,000	19,900,000		20,000,000	18,300,000	18,300,000		18,000,000	17,700,000	17,500,000		17,200,000	15,600,000	14,700,000		15,300,000	14,100,000	13,700,000		12,800,000	12,900,000	12,200,000		9,100,000	9,500,000	8,600,000		7,300,000	6,800,000	6,800,000		6,100,000				6,400,000	6,000,000	5,900,000		6,100,000	5,400,000	5,600,000		5,900,000	5,500,000	5,100,000		6,900,000
payments related to discontinued operations
cash required by continuing investing activities		-31,200,000	-14,500,000	-1,765,600,000			-15,500,000	-7,200,000																																																	-4,800,000	-3,900,000	-11,800,000	-4,300,000
net proceeds on short-term debt				12,400,000						-800,000	0	200,000										100,000											-200,000	200,000
payment of other debt issuance costs related to the marel transaction		-900,000	1,200,000	-13,700,000
cash from operating activities of discontinued operations							100,000	-200,000
net cash from discontinued operations
cash, cash equivalents, and restricted cash from continuing operations, beginning of period		0	0	1,228,400,000
add: net decrease in cash, cash equivalents and restricted cash		3,300,000	11,000,000	-1,109,400,000
proceeds from sale of aerotech			100,000	-200,000	0	-2,200,000	-5,400,000	2,800,000	-400,000
net proceeds from domestic credit facility, net of debt issuance costs			-58,900,000	664,900,000
net decrease in cash from continuing operations			9,700,000	-1,109,800,000			-4,200,000	-2,900,000
cash required by operating activities of discontinued operations									-6,600,000	-16,300,000
net cash required by discontinued operations										-16,700,000
net decrease in cash, cash equivalents and restricted cash			11,000,000	-1,109,400,000
net proceeds from domestic credit facility
payment of debt issuance costs for term loan b and domestic credit facility amendment
settlement of taxes withheld on equity compensation awards																									-300,000	-100,000			-700,000	0			-1,000,000	0	0	-9,500,000
effect of foreign exchange rate changes on cash and cash equivalents					-10,400,000	3,200,000	-600,000	-1,200,000	1,400,000	-2,000,000	-500,000	-100,000	2,400,000	-2,900,000	-2,900,000	900,000	0	-1,500,000	700,000	-1,500,000	3,400,000	600,000	500,000	-3,800,000	1,500,000	-1,400,000	200,000	200,000	200,000	-600,000	-2,200,000	400,000	0	200,000	400,000	800,000	-1,600,000	200,000	200,000	1,700,000	-900,000	-1,300,000	1,000,000	-5,600,000	-1,600,000	100,000	-400,000	200,000		-1,300,000	0	100,000		600,000	-200,000	-100,000	100,000	600,000
net increase in cash and cash equivalents					693,900,000				81,600,000
cash and cash equivalents from continuing operations, beginning of period					0	0	0	483,300,000	0	0
add: cash and cash equivalents from discontinued operations, beginning of period									0	0
add: net increase in cash and cash equivalents					693,900,000				81,600,000
less: cash and cash equivalents from discontinued operations, end of period
cash and cash equivalents from continuing operations, end of period					693,900,000	60,200,000	-4,700,000	479,000,000	81,600,000	358,900,000
accrued pension and other postretirement benefits						-700,000	-1,300,000	-300,000		-9,700,000	-1,200,000	-300,000		-200,000	-700,000	-2,000,000		-11,800,000	-300,000	-200,000		-200,000	-200,000	-200,000		-4,100,000	-2,900,000	-200,000		-7,700,000	-6,100,000	-4,500,000		-6,800,000	-1,200,000	-400,000																					-5,500,000
payments on short-term debt
net payments for domestic credit facilities										-306,500,000	-7,100,000	-25,900,000				-4,500,000
payment of debt issuance costs for bridge credit agreement						0
payment of debt issuance costs for term loan b
cash required by continuing financing activities						-6,700,000	-10,300,000	-6,100,000
net cash (required) provided by discontinued operations							100,000	-200,000
net decrease in cash and cash equivalents							-4,700,000	-4,300,000
add: net decrease in cash and cash equivalents							-4,700,000	-4,300,000
less: income from discontinued operations, net of taxes
cash provided (required) by continuing investing activities
payment in connection with modification of credit facilities
net proceeds from domestic credit facilities, net of debt issuance costs
proceeds from issuance of 2026 convertible senior notes, net of issuance costs																	-100,000	-700,000
acquisition date earnout liability and other deferred acquisition payments
cash (required) provided by continuing financing activities
income taxes paid
income taxes paid on gain from sale of aerotech
cash from (required by) continuing investing activities
cash (required by) provided by continuing financing activities
cash flows from operating activities:
adjustments to reconcile net income to cash from operating activities:
cash from operating activities												21,600,000	67,700,000	29,800,000	5,700,000	39,100,000	62,400,000	33,000,000	44,600,000	85,700,000	90,900,000	60,100,000	87,200,000	13,800,000	75,300,000	21,900,000			127,900,000	11,500,000			36,600,000	66,600,000	-22,400,000	23,800,000	40,600,000	26,200,000	400,000	200,000	64,100,000	8,100,000	9,200,000	30,500,000	13,600,000	17,800,000	31,800,000	15,900,000		30,900,000				400,000			20,900,000	5,300,000	21,900,000	6,000,000	11,800,000	35,700,000
cash flows from investing activities:
cash required by investing activities												-18,900,000	-21,600,000	-350,300,000	-17,200,000	-27,000,000	-55,700,000	-182,700,000	-10,300,000	-24,200,000	-11,300,000	-7,000,000	-10,600,000	-8,400,000	-5,400,000	-11,300,000	-330,100,000	-54,900,000	-10,100,000	-48,000,000	-7,300,000	-29,000,000	-10,700,000	-50,700,000	-10,100,000	-68,400,000	-240,600,000	-3,100,000	-8,900,000	-14,200,000	-110,600,000	-57,900,000	-9,100,000	-7,500,000	-8,000,000	-8,000,000	-10,700,000	-4,700,000		-4,400,000	-5,800,000	-5,800,000		-7,100,000	-3,800,000	-2,000,000	-4,800,000	-3,900,000	-11,800,000	-4,300,000	-6,600,000	-7,100,000
cash flows from financing activities:
cash required by financing activities												-30,000,000				-7,600,000																												-30,900,000		-93,600,000		-1,300,000									-14,500,000	-6,400,000	-16,400,000	-22,900,000	8,200,000	-2,500,000
increase in cash and cash equivalents												-27,400,000	20,500,000	-15,500,000	-16,100,000	5,400,000	20,600,000	-144,100,000	144,800,000	10,000,000	-3,100,000	-7,400,000	-17,400,000	35,900,000	-9,600,000	10,000,000	-4,800,000	900,000	4,500,000	2,200,000	5,700,000	-3,400,000	-4,400,000			9,700,000	-14,700,000				-700,000	18,000,000			-6,200,000	-83,700,000	55,500,000	10,100,000									1,700,000			-21,200,000	12,500,000
cash and cash equivalents, beginning of period												73,100,000	0	0	0	78,800,000	0	0	0	47,500,000	0	0	0	39,500,000	0	0	0	43,000,000	0	0	0	34,000,000	0	0	0	33,200,000	0	0	0	37,200,000	0	0	0	33,300,000	0	99,000,000	0	9,000,000		0	0	13,700,000		0	0	14,400,000	0	0	0	43,600,000	0	0
cash and cash equivalents, end of period												45,700,000	20,500,000	-15,500,000	-16,100,000	84,200,000	20,600,000	-144,100,000	144,800,000	57,500,000	-3,100,000	-7,400,000	-17,400,000	75,400,000	-9,600,000	10,000,000	-4,800,000	43,900,000	4,500,000	2,200,000	5,700,000	30,600,000	-4,400,000	12,100,000	-16,600,000	42,900,000	-14,700,000	12,800,000	-900,000	36,000,000	-700,000	18,000,000	100,000	19,800,000	-6,200,000	15,300,000	55,500,000	19,100,000		12,300,000	-2,200,000	10,000,000		3,900,000	-1,100,000	9,700,000	1,700,000	-4,400,000	-5,300,000	22,400,000	12,500,000	25,400,000
supplemental cash flow information:
lifo expense
cash provided (required) by financing activities																	13,900,000	7,100,000																					7,400,000	11,100,000																5,100,000
acquisition - deferred consideration
net payments on short-term debt																		-300,000	100,000	-1,900,000				-600,000				-500,000				-100,000				-1,000,000
net proceeds for domestic credit facilities
payment of acquisition date earnout liability																		0
cash from financing activities																								34,300,000		800,000	314,000,000	53,700,000		39,300,000	-4,000,000	29,900,000	-30,300,000	-4,000,000	15,500,000	53,500,000	186,900,000
net proceeds (payments) on short-term debt																100,000
net proceeds (payments) for domestic credit facilities
cash (required) provided by financing activities																				-50,000,000	-86,100,000	-61,100,000																							-10,200,000							-19,800,000
adjustments to reconcile net income from continuing operations to cash from continuing operating activities:
cash required by discontinued operating activities																									-200,000	-100,000	0	-100,000		0	0	-600,000		-600,000	-400,000	-200,000		0
net proceeds (payments) from domestic credit facilities, net of debt issuance costs
net payments from domestic credit facilities																		11,400,000
net (payments) proceeds from domestic credit facilities																				-44,900,000
loss from discontinued operations, net of taxes																									0	0
adjustments to reconcile net income from continuing operations to cash from continuing operations activities:
payments of short-term foreign credit facilities																															-1,400,000	-1,500,000	-6,800,000	1,800,000	-2,600,000	-800,000
net proceeds from domestic credit facilities																					-85,000,000	-58,000,000	-89,000,000	38,100,000				61,000,000	-98,700,000	49,400,000			-18,700,000	3,300,000
purchase of treasury stock																													-8,000,000	0			0				100,000	0	-3,300,000	-1,100,000
deferred acquisition payments																									-900,000	0	0	-3,600,000
net proceeds in short-term debt
proceeds from short-term foreign credit facilities																																	4,900,000	-600,000	1,500,000	1,000,000
repayment of long-term debt																																	-100,000	-500,000	-400,000	-500,000	-400,000	-500,000	-500,000	-600,000	-500,000	-200,000	-400,000	-300,000			-300,000	-400,000
proceeds from stock issuance
payments in connection with modification of credit facilities																														0
net proceeds from credit facilities																										5,300,000										-117,100,000
cash flows provided (required) by operating activities:
income from discontinued operations																																400,000						0
pension expense																												900,000				700,000			100,000	100,000
cash provided (required) by continuing operating activities																												2,000,000																								21,900,000
cash provided (required) by operating activities																												1,900,000																								21,800,000
cash flows required by investing activities:
loss from discontinued operations																													0	0			400,000	600,000	400,000	200,000
adjustments to reconcile net income from continuing operations to cash from operating activities of continuing operations:
changes in operating assets and liabilities, net of effects of acquisitions:
advance payments and progress billings																																																						4,200,000	-3,800,000	4,700,000	-16,300,000	2,900,000	-19,200,000	6,100,000	-8,300,000	10,200,000
net cash required by discontinued operating activities																																									-200,000	0			-600,000	-100,000	-100,000	-200,000		-100,000	-200,000	-100,000				-100,000				-100,000
issuance of long-term debt																																														4,000,000								0
excess tax benefits																																					0	0	0	1,500,000	100,000	300,000	0	1,800,000	200,000	200,000	-100,000	700,000		0
trade receivables - billed																														-1,300,000	-43,700,000	26,500,000
proceeds from stock issuance, net of stock issuance costs																																	0	0	-500,000	184,600,000
contract assets																															20,300,000	-26,800,000
cash flows (required) provided by operating activities:
gain on disposal of assets
cash (required) provided by continuing operating activities																																-4,100,000																								-7,600,000
cash (required) provided by operating activities																																-4,700,000																								-7,700,000
net proceeds (payments) from domestic credit facilities																																34,700,000
trade receivables																																	-15,200,000	-7,400,000	-31,700,000	18,500,000	-2,000,000	-9,000,000	-22,600,000	4,600,000	-10,800,000	-9,400,000	-17,300,000	26,200,000	-45,100,000	37,800,000				27,000,000	-29,500,000	34,400,000		-14,500,000	-9,400,000	11,700,000	-26,400,000	7,800,000	2,000,000	30,300,000	-8,200,000	-3,800,000
proceeds from property available for sale																																									0	0
cash payments to settle private placement debt																																									0
loss on disposal of assets																																			100,000	-400,000
decrease in cash and cash equivalents																																							-900,000	-1,200,000				-13,500,000							-2,200,000	-3,700,000		3,900,000	-1,100,000	-4,700,000
loss from discontinued operations, net of income taxes																																									0
net increase in short-term debt																																														100,000	0	-500,000		-100,000				-2,200,000
cash from refinancing credit facility
cash payments to settle existing credit facility																																									0	0	0	-183,700,000
net borrowings (payments) on credit facilities
tax witholdings on stock-based compensation awards
cash from refinancing of credit facility																																										0	0	183,700,000
net proceeds (payments) on credit facilities																																						-5,000,000										3,500,000						13,900,000	-9,700,000	5,500,000
tax withholdings on stock-based compensation awards																																						0	0	-2,600,000		-1,200,000	0	-4,300,000		-2,300,000	0	-2,300,000		0	0	-4,800,000
cash flows provided (required) by financing activities:
net proceeds (payments) in short-term debt
income from discontinued operations, net of income taxes																																								100,000							200,000	100,000		0						-100,000
net decrease in short-term debt																																								-200,000		-500,000
net borrowings on credit facilities																																								17,200,000
adjustments to reconcile income from continuing operations to cash provided by operating activities of continuing operations:
purchase of stock held in treasury																																										-3,600,000	-1,000,000	-3,100,000																	0
net payments on credit facilities																																											4,200,000	-22,000,000															-16,000,000	-20,000,000
cash flows required by financing activities:
pension and other postretirement benefits expense
net proceeds on credit facilities
payments of long-term debt
dividends paid																																																									-1,900,000	-1,900,000
adjustments to reconcile income from continuing operations to cash provided (required) by operating activities of continuing operations:
acquisitions																																																									0	0			0
issuance (repayment) of long-term debt
acquisition
net (payments) proceeds on credit facilities																																														-93,200,000						-13,800,000
adjustments to reconcile income from continuing operations to cash from operating activities of continuing operations:
balance sheet data:
total assets
long-term debt, less current portion
other financial information:
cash flows from continuing operating activities
order backlog
(payments on) issuance of long-term debt																																																		-400,000
adjustments to reconcile income from continuing operations to cash
provided (required) by operating activities of continuing operations:
item 7.
(required) provided by operating activities of continuing operations:
dividend																																																								-2,200,000				-1,900,000
loss (income) from discontinued operations, net of income taxes
(gain) loss on disposal of assets
cash from discontinued investing activities
net (payments on) proceeds from credit facilities																																																									-13,300,000
issuance of long-term debt, net of payments
distributions to former parent																																																													-34,700,000
adjustments to reconcile income to cash provided (required) by operating activities of continuing operations:
stock based compensation
net cash provided (required) by discontinued operating activities
cash provided (required) by discontinued investing activities
cash provided (required) by operating activities of continuing operations
(income) income from discontinued operations
cash from operating activities of continuing operations																																																														35,600,000
net cash required by discontinued operations - operating
cash provided (required) by investing activities:
cash required by investing activities of continuing operations																																																														-7,100,000
cash from discontinued operations - investing
cash provided (required) by financing activities:
effect of exchange rate changes on cash and cash equivalents																																																														-700,000
cash provided (required) by operating activities of continuing operations:
(income) income from discontinued operations, net of tax
adjustments to reconcile net income to cash provided (required) by operating activities of continuing operations:
net cash required by discontinued operations – operating
cash from discontinued operations – investing
distribution to owners

John Bean Technologies Corporation(NYSE:JBT)

John Bean Technologies Corporation
(NYSE:JBT)