JBT Marel Corporation

Welcome to JBT Merrill's earnings conference call for the first quarter 2026. My name is Ben 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, press star one. If you would like to withdraw your question, press star one again. I will now turn the call over to JBT Marl's Senior Director of Investor Relations, Marlee Spangler, to begin today's conference.

Thank you, Ben. Good morning, everyone, and thank you for joining our first quarter 2026 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 8K 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 on our IR website. Also, our discussion today includes references to certain non-GAAP measures. A reconciliation of these measures to the most comparable gap measures can be found on our IR website. With that, I'll turn the call over to Brian.

Thanks, Marlee, and good morning, all. We got off to a solid start in 2026. We demonstrated our commercial momentum with a second consecutive quarter of orders exceeding one billion, including continued robust global demand from our poultry customers. We captured meaningful year-over-year margin expansion, enabled by further synergy savings and strong execution. Additionally, cash flow was extremely strong, allowing us to make further and significant progress in reducing our financial leverage. As a result, we remain confident in delivering our original earnings guidance for the year. Before we talk more about the first quarter, I'd like to thank everyone who was able to participate in our Investor Day in late March. It was an important milestone for JBT Morrell as we unveiled our next-gen strategy and detailed our 2028 financial targets. And as we discussed, we are very pleased with our progress integrating JBT and Morrell, which underscores the commercial, operational, and financial benefits of the combination and provides confidence in the journey ahead. I'll now turn the call over to Arne to provide details about our next-gen strategy. Then Matt will follow up with a financial recap of our first quarter performance.