JBT Marel Corporation (NYSE:JBTM) Q1 2025 Earnings Conference Call May 5, 2025 11:00 AM ET
Company Participants
Marlee Spangler – Director, IR
Brian Deck – CEO
Arni Sigurdsson – President
Matthew Meister – CFO
Conference Call Participants
Mirc Dobre – R.W. Baird
Ross Sparenblek – William Blair
Justin Ages – CJS Securities
Operator
Welcome to JBT Marel’s Earnings Conference Call for the First Quarter of 2025. My name is Bailey, 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 speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]
I’ll now turn the call over to JBT Marel’s Senior Director of Investor Relations, Marlee Spangler, to begin today’s conference.
Marlee Spangler
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, 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 today’s Press release and 8-K 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 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.
Brian Deck
Thanks, Marlee. We are very pleased with JBT Marel’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
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