These Machines Are Humming

John Bean Technologies (JBT), spun off by FMC Technologies (FTI) in July 2008, is a little-known leader in food-processing equipment and airline ground-support services. John Bean shares are taking off, leaping to 16.40 on Oct. 28, up from 5.85 last Nov. 20.

The company "has a well-established global base of customers, which translates into a big recurring revenue stream," says Al Cardilli of research firm Spin-Off Advisors. John Bean's food processing unit accounts for 61% of sales, and its AeroTech division, which makes aircraft-towing gear among other equipment, generates 39%. Gary Farber of CL King & Associates, rates the stock accumulate and says John Bean's machines sterilize over 50% of the world's canned foods, freeze more than 50% of its frozen foods, and squeeze 75% of its citrus. He expects earnings of $1.03 in 2009 and $1.14 in 2010.