In the quarter, we saw strong quarter growth in FoodTech at 22% year-over-year.
On a year-over-year basis, revenue increased 1% at FoodTech, while declining 28% at AeroTech.
FoodTech margins were in line with guidance, with operating margins of 13.3% and adjusted EBITDA margins of 18.7%.
AeroTech margins were ahead of expectations, with operating margins of 9.3% and adjusted EBITDA margins of 10.7%.
As a result, JBT posted adjusted diluted earnings per share from continuing operations of $0.90 or GAAP earnings per share of $0.84.
Free cash flow for the quarter significantly exceeded our expectations at $78 million, driven by continued strong collection of accounts receivable and customer deposits.
The robust cash flow performance improved our bank leverage ratio to 1.9 times and increased overall liquidity to $496 million.
We expect to expand our balance sheet to support an increase in sales in the back half of the year to achieve full year free cash flow conversion just above 100%.
Given the strength of orders and outlook for FoodTech we have raised, topline growth to 9% to 11%, up from our previous guidance of 5% to 8%.
Therefore, we have lowered full year margin guidance by 25 basis points.
Operating margin of 14.25% to 14.75% and adjusted EBITDA margins of 19.25% to 19.75%.
Our guidance for AeroTech is unchanged with projected revenue growth of 0% to 5%.
Operating margins of 10.75% to 11.25% and adjusted EBITDA margins of 12% to 12.5%.
We are holding our forecast for corporate cost at 2.7% of sales, while lowering interest expense to about $11 million.
Altogether, this increases the full year adjusted earnings per share range to $4.40 to $4.60.
Our GAAP earnings per share guidance is now $4.20 to $4.40, with M&A and restructuring costs of $8 million to $10 million.
We expect revenue of $325 million to $340 million at FoodTech and $105 million to $115 million at AeroTech.
Our second quarter guidance for operating margins are 13.75% to 14.25% at FoodTech, with adjusted EBITDA margins of 19% to 19.5%.
For AeroTech, operating margins are forecasted at 8.75% to 9.25%, the adjusted EBITDA margins of 10% to 10.5%.
For the quarter, we expect corporate costs of $12 million to $13 million, M&A and restructuring costs of $4 million, interest expense of about $3 million.
Factoring second quarter's adjusted earnings per share guidance to $0.90 to $1 and $0.80 to $0.90 on a GAAP basis.
In the first quarter of 2021, FoodTech orders had a record $386 million.
At AeroTech, although orders were down 35% compared to pre-pandemic levels a year ago, we've met our expectations and there are some encouraging signs.

Summary:
As a result, JBT posted adjusted diluted earnings per share from continuing operations of $0.90 or GAAP earnings per share of $0.84.
Given the strength of orders and outlook for FoodTech we have raised, topline growth to 9% to 11%, up from our previous guidance of 5% to 8%.
Altogether, this increases the full year adjusted earnings per share range to $4.40 to $4.60.
Our GAAP earnings per share guidance is now $4.20 to $4.40, with M&A and restructuring costs of $8 million to $10 million.
Factoring second quarter's adjusted earnings per share guidance to $0.90 to $1 and $0.80 to $0.90 on a GAAP basis.