Slide 1: First Quarter 2019 Earnings Release
First Quarter 2019 Earnings Release April 25, 2019 1
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Statements in this presentation that are not strictly historical, statements regarding the Company's anticipated earnings, business and acquisition opportunities, timing of acquisitions and dispositions, anticipated revenue growth, anticipated
Slide 3: Performance Summary
PERFORMANCE SUMMARY ADJUSTED DILUTED NET REVENUE FROM CONTINUING EARNINGS PER SHARE FROM OPERATIONS CONTINUING OPERATIONS +6.7% Core +3.7% +6.2% Acquisitions +5.8% FX -2.8% $0.69 $0.65 $1,592.9 $1,492.2 Q1 2018 Q1 2019 Q1 2018 Q1 2019 3
Slide 4: Performance Summary
PERFORMANCE SUMMARY OPERATING MARGIN GROSS MARGINS -500 bps Q1 2018 – 51.4% Core -70 bps -40 bps Acquisitions -240 bps Q1 2019 – 51.0% Transaction Costs -190 bps SG&A (as a % of Revenue) Q1 2018 – 26.0% +450 bps Q1 2019 – 30.5% 18.6% 13.6% R&D (as a % of Revenue) Q1 2018 – 6.7% +10 bps Q1 2018 Q1 20
Slide 5: Performance Summary
PERFORMANCE SUMMARY Three Months Ended FCF March 30, March 29, % Change 2018 2019 ($M) Operating Cash Flows From Continuing Operations $ 131 $ 161 Cap Ex 26 24 Free Cash Flow From Continuing Operations $ 105 $ 137 31% Net Earnings from Continuing Operations (GAAP) $ 214 $ 164 Estimated Provisional T
Slide 6: Professional Instrumentation
PROFESSIONAL INSTRUMENTATION REVENUE OPERATING MARGIN +8.7% -930 bps Core +1.8% Core -190 bps Acquisitions +9.5% Acquisitions -410 bps FX -2.6% Transaction Costs -330 bps $947.3 23.7% $871.7 14.4% Q1 2018 Q1 2019 Q1 2018 Q1 2019 Field Solutions* Product Realization* Sensing Technologies * Part of Ad
Slide 7: Industrial Technologies
INDUSTRIAL TECHNOLOGIES REVENUE OPERATING MARGIN +4.0% +110 bps Core +6.4% Core +130 bps Acquisitions +0.8% Acquisitions -20 bps FX -3.2% $645.6 16.3% $620.5 15.2% Q1 2018 Q1 2019 Q1 2018 Q1 2019 Transportation Technologies Franchise Distribution ** Financial measures are presented on a continuing o
Slide 8: Q2 2019 Outlook
Q2 2019 OUTLOOK Double Digit Earnings Growth Expected in Q2 2019 8
Slide 9: 2019 Outlook
2019 OUTLOOK Fortive Formula Delivering Double Digit Earnings Growth in 2019 9
Slide 10: Q&A
@ FORTIVE Q&A
Slide 11: Fortive
(2) FORTIVE