JBT Marel Corporation (JBTM) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to JBT Model's earnings conference call for the third quarter of 2025. My name is Jim, and I'll be your conference operator today. And as a reminder, today's call is being recorded, and at this time, all lines have been placed on mute to prevent any background noise. After today's prepared remarks, there will be a question and answer session, and you may signal to ask a question by pressing star and 1 on your telephone keypad. To remove yourself from the queue, you can simply repeat the step of star and 1. It is now my pleasure to turn the call over to JVT Morrell's Senior Director of Investor Relations, Marlee Spangler, to begin today's conference. Thank you, Jim. Good morning, everyone, and thank you for joining our third quarter 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 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 IR section of our website. Also, our discussion today includes references to certain non-GAAP measures. A reconciliation of these measures to the most comparable gap measure can be found in the IR section of our website. With that, I will turn the call over to Brian. Thanks, Marlene. Good morning. As you saw in our earnings release, we significantly exceeded our expectations for revenue and earnings in the third quarter of 2025. Primary drivers of our outperformance were excellent manufacturing and supply chain productivity, which enabled higher backlog to revenu...