Fortive Corporation · NYSE:FTV
Fortive — Q3 2017 Earnings Presentation
10 slides from Fortive's earnings presentation, Oct 26, 2017
Slide 1: Third Quarter 2017 Earnings Release
Third Quarter 2017 Earnings Release October 26, 2017 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, anticipated revenue growth, anticipated operating margin expansion, anticipated
Slide 3: Performance Summary
PERFORMANCE SUMMARY NON-GAAP ADJUSTED DILUTED REVENUE NET EARNINGS PER SHARE +7.5% Core +4.8% +14.9% Acquisitions +1.8% FX +0.9% 3
Slide 4: Performance Summary
PERFORMANCE SUMMARY OPERATING MARGIN GROSS MARGINS Q3 2016 – 49.3% +50 bps +50 bps Core +150 bps Q3 2017 – 49.8% Acquisitions -30 bps Transaction Costs -70 bps SG&A (as a % of Revenue) Q3 2016 – 22.6% 0 bps Q3 2017 – 22.6% R&D (as a % of Revenue) Q3 2016 – 6.1% 0 bps Q3 2017 – 6.1% 4
Slide 5: Performance Summary
PERFORMANCE SUMMARY Three Months Ended Nine Months Ended ($M) September September September September 30, 2016 29, 2017 30, 2016 29, 2017 Operating Cash Flow $332 $319 $819 $713 Cap Ex 29 32 90 88 FREE CASH FLOW $303 $287 $729 $625 The sum of the components of Free Cash Flow may not equal the total
Slide 6: Professional Instrumentation
PROFESSIONAL INSTRUMENTATION REVENUE OPERATING MARGIN +8.7% +40 bps Core +5.3% Core +240 bps Acquisitions +2.7% Acquisitions -60 bps FX +0.7% Transaction Costs -140 bps Field Solutions* Product Realization* Sensing Technologies * Part of Advanced Instrumentation and Solutions 6
Slide 7: Industrial Technologies
INDUSTRIAL TECHNOLOGIES REVENUE OPERATING MARGIN +6.5% +40 bps Core +4.4% Core +50 bps Acquisitions +1.0% Acquisitions -10 bps FX +1.1% Transportation Technologies Automation & Specialty Components Franchise Distribution 7
Slide 8: Guidance
2017 OUTLOOK @ FORTIVE GUIDANCE
Slide 9: Q&A
2017 OUTLOOK @ FORTIVE Q&A
Slide 10: Fortive
(2) FORTIVE