John Bean Technologies Corporation

Good morning and welcome to JBT Corporation's fourth quarter and full year 2020 earnings conference call. My name is Denise and I will be your conference operator today. 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 ask a question during this time, press star followed by one on your telephone keypad. To withdraw your question, press the pound key. I will now turn the call over to JVT's Vice President of Investor Relations, Megan Radigan, to begin today's conference.

Thank you, Denise. Good morning, everyone. Welcome to our fourth quarter and full year 2020 conference call. With me on the call is our Chief Executive Officer, Brian Deck, and our 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. JVT'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 measure can be found in the press release issued last night. Now, I'd like to turn the call over to Brian.

Thanks, Megan, and good morning, everyone. With the onset of COVID-19 in early 2020, JBT's financial performance clearly fell short of the expectation we set at the end of the year. Yet I am proud of the way our entire company navigated the many challenges associated with the pandemic. Operationally, JBT, our customers, and suppliers experienced a difficult environment, which has continued into the first quarter as we all deal with inefficiencies related to COVID protocols and higher absenteeism Fortunately, on the commercial side, JBT accelerated the level of customer engagement as the year progressed, as we all learned to manage through this difficult environment. For the year, JBT remained solidly profitable as we quickly adjusted our cost structure. Our broad product line enabled us to serve stronger segments of the market, and our recurring revenue business provided vital stability. Moreover, we ended the year on a positive note, with excellent orders and exceptionally strong cash flow. With that, let me turn the call over to Matt and let him provide analysis of our fourth quarter performance and present guidance for 2021. Thank you, Brian.