JBT Marel Corporation (JBTM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to JBT Merrill's earnings conference call for the first quarter 2026. My name is Ben and I will be your conference operator today. As a reminder, today's call is being recorded. 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, press star one. If you would like to withdraw your question, press star one again. I will now turn the call over to JBT Marl's Senior Director of Investor Relations, Marlee Spangler, to begin today's conference. Thank you, Ben. Good morning, everyone, and thank you for joining our first quarter 2026 conference call. With me on the call 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 yesterday's press release and 8K 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 on our IR website. Also, our discussion today includes references to certain non-GAAP measures. A reconciliation of these measures to the most comparable gap measures can be found on our IR website. With that, I'll turn the call over to Brian. Thanks, Marlee, and good morning, all. We got off to a solid start in 2026. We demonstrated our commercial momentum with a second consecutive quarter of orders exceeding one billion, including continued robust global demand from our poultry customers. We captured meaningful year-over-year margin expansion, enabled by further synergy savings and strong execution. Additionally, cash flow was extremely strong, allowing us to m...