Slide 1: Second Quarter 2017 Conference Call
Second Quarter 2017 Conference Call July 24, 2017
Slide 2: Forward-Looking Statements
Forward-Looking Statements SAFE HARBOR STATEMENT This conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements regarding the expected impact of product line simplification activities and e
Slide 3: Q2 2017 Performance
Q2 2017 CONFERENCE CALL Q2 2017 Performance Financial Results Highlights EPS +16% GAAP EPS of $1.69, an increase of 16% $1.69 Total revenue grew 4.9%; organic growth of 2.6% – North America 1.4%, Europe 3.4% and China 13.3% GAAP EPS $1.46 – 6 of 7 segments with positive organic growth $3.6B Re
Slide 4: Q2 2017 Operating Margin
Q2 2017 CONFERENCE CALL Q2 2017 Operating Margin Operating Margin Key Margin Drivers Q2'17 +120 bps Enterprise Initiatives +100 bps 24.3% Volume +50 23.1% Price/Cost (50) Legal settlement +40 EF&C Margin Impact (60) Restructuring, Overhead Efficiencies +40 Q2'16 Q2'17 Total Margin Expansion +120 bps
Slide 5: 1H 2017 Performance
Q2 2017 CONFERENCE CALL 1H 2017 Performance Financial Results Highlights EPS +18% GAAP EPS of $3.23, an increase of 18% $3.23 Total revenue grew 5.4%; organic growth of 3.0% GAAP EPS – North America 1.4%, International 5.2% $2.75 – All segments with positive organic growth $7.1B Operating marg
Slide 6: 1H 2017 Segment Performance
Q2 2017 CONFERENCE CALL Segment Performance 1H 2017 Segment Performance Automotive OEM $820 +22% (350) bps Organic Growth Operating Margin 25.8% 22.3% FY’16 1H’17 FY’16 1H’17 VPY $670 Automotive 5% 7% 24.1% 23.3% (80) bps OEM Food 3 1 25.4 25.8 +40 Q2'16 Q2'17 Q2'16 Q2'17 Equipment T&M and Total Rev
Slide 7: Segment Performance: Food Equipment, Test & Measurement/Electronics
Q2 2017 CONFERENCE CALL Segment Performance Food Equipment Test & Measurement/Electronics (1)% 26.4% +140 bps +3% +330 bps $535 $529 25.0% $519 21.9% $507 18.6% Q2'16 Q2'17 Q2'16 Q2'17 Q2'16 Q2'17 Q2'16 Q2'17 Total Revenue Operating Margin Total Revenue Operating Margin Q2 Performance Q2 Performance
Slide 8: Segment Performance: Welding, Polymers & Fluids
Q2 2017 CONFERENCE CALL Segment Performance Welding Polymers & Fluids +3% +230 bps (1)% +50 bps $443 $437 $385 27.2% $375 21.4% 24.9% 20.9% Q2'16 Q2'17 Q2'16 Q2'17 Q2'16 Q2'17 Q2'16 Q2'17 Total Revenue Operating Margin Total Revenue Operating Margin Q2 Performance Q2 Performance Organic growth of
Slide 9: Segment Performance: Construction Products, Specialty Products
Q2 2017 CONFERENCE CALL Segment Performance Construction Products Specialty Products ~Flat (30) bps +1% 28.3% +230 bps $490 $424 $425 24.3% 24.0% $484 26.0% Q2'16 Q2'17 Q2'16 Q2'17 Q2'16 Q2'17 Q2'16 Q2'17 Total Revenue Operating Margin Total Revenue Operating Margin Q2 Performance Q2 Performance O
Slide 10: 2017 Guidance
Q2 2017 CONFERENCE CALL 2017 Guidance Financial Guidance Highlights EPS +13% at mid-point GAAP EPS guidance raised by $0.12 at mid-point $6.32 to $6.52 Organic revenue growth of 2 to 4% GAAP EPS $5.70 All-time full-year records for key performance metrics − Operating margin of ~24%, 100 bps fr
Slide 11: Q&A
Q&A