JBT Marel Corporation (JBTM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

At this time, all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star and one. I'll now turn the call over to JBT Morrell, Senior Director of Investor Relations, Marlee Spangler, to begin today's conference. Thank you, Bailey. Welcome, everyone, and thank you for joining our conference call. With me on the call today is our Chief Executive Officer, Brian Deck, President Arne Sigurdsson, and Chief Financial Officer, Matt Meister. In today's call, we will use forward-looking statements that are subject to the Safe Harbor language in today's press release and 8-K filing. JBT-MARL's periodic SEC filings also contain information regarding risk factors that may have an impact on our results. These documents are available in the investor relations section of our website. Also, our discussion today includes references to certain non-GAAP measures. A reconciliation of these measures to the most comparable GAAP measures can be found in the investor relations section of our website. With that, I'll turn the call over to Brian. Thanks, Marlee. We are very pleased with JBT Morrell's performance in the first quarter, highlighted by better than anticipated revenue, adjusted EBITDA, and margins versus our guidance. We also enjoyed strong year-over-year improvement in margins and orders. Our top line benefited from strength in recurring revenue as well as solid operational execution on the equipment side. In terms of our margin performance, we enjoyed the flow through from the higher volume and good expense control...