JBT Marel Corporation (JBTM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to JBT's Marel Earnings Conference Call for the second quarter of 2026. My name is Aaron 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. To register to ask a question at any time, please press star 1 on your telephone keypad. I will now turn the call over to JBT Marel Senior Director of Investor Relations, Marlee Spangler. Please go ahead. Thank you, Erin. Good morning, everyone, and thank you for joining our second quarter 2026 conference call. With me on the call is our Chief Executive Officer, Brian Deck, President Arni 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 8 filing. JBT Marel's periodic SEC filings also contain information regarding risk factors that may have an impact on our results. These documents are available on the IR website. Also, our discussion today includes references to certain non-GAAP financial measures. A reconciliation of these measures to the most comparable gap measure can be found on our website. With that, I'll turn the call over to Brian. Thanks, Marlee, and good morning, all. First and foremost, we were very pleased with the continued robust demand environment in the second quarter. Orders increased 10% year-over-year and marked our third consecutive quarter with orders exceeding $1 billion reinforcing the strategic benefits of the JBT-Marel combination. By bringing together our complementary technologies, we are strengthening our ability to serve customers around the world. Contributing ...