John Bean Technologies Corporation

Good morning and welcome to JBT Corporation's first quarter 2023 earnings conference call. My name is Audra 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 during this time, simply press the star key followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. I will now turn the call over to JBT's Vice President of Corporate Development and Investor Relations, Cedric Meredith. To begin today's conference, please go ahead.

Thank you, Audra. Good morning, everyone, and welcome to our first quarter 2023 conference call. With me on the call is our Chief Executive Officer, Brian Deck, 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 8K filings. JBT'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 investor relations section of our website. Now, I'll turn the call over to Brian.

Thanks, Kedrick, and good morning, everyone. Overall, we outperformed our expectations in what is typically JVT's seasonally slowest quarter of the year. As we have said before, food tech continues to be driven by a resilient business model, a diverse product offering, and value-added acquisitions. In the first quarter, food tech revenue and margins exceeded our guidance largely on the strength of recurring revenue. At Aerotech, we're no longer on a path to recovery where we are there. with exceptional demand and record orders in the quarter. With that, I'll turn the call over to Matt to provide details on the first quarter and outlook for the second quarter.