Slide 1: Second Quarter 2019 Earnings Release
Second Quarter 2019 Earnings Release July 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 +16.4% Core +2.0% +18.4% Acquisitions +16.5% FX -2.1% $1,864.7 $0.90 $1,601.8 $0.76 Q2 2018 Q2 2019 Q2 2018 Q2 2019 3
Slide 4: Performance Summary
PERFORMANCE SUMMARY OPERATING MARGIN GROSS MARGINS -690 bps Q2 2018 – 51.9% Core +30 bps -340 bps Acquisitions -540 bps Q2 2019 – 48.5%* Transaction Costs -180 bps *Includes 290 bps of negative impact from purchase accounting related to the fair value of inventory and deferred revenue SG&A (as a % o
Slide 5: Performance Summary
PERFORMANCE SUMMARY Three Months Ended Six Months Ended FCF FCF June 29, June 28, June 29, June 28, % % Change 2018 2019 2018 2019 Change ($M) Operating Cash Flows From Continuing $ 292 $ 260 $ 423 $ 421 Operations Cap Ex 22 25 48 49 Free Cash Flow From Continuing $ 271 $ 236 (13)% $ 375 $ 373 (1)%
Slide 6: Professional Instrumentation
PROFESSIONAL INSTRUMENTATION REVENUE OPERATING MARGIN +27.5% -1,360bps Core +0.1% Core -140 bps Acquisitions +29.3% Acquisitions -890 bps FX -1.9% Transaction Costs -330 bps $1,133.3 24.4% $889.0 10.8% Q2 2018 Q2 2019 Q2 2018 Q2 2019 Field Solutions* Product Realization* ASP Sensing Technologies * P
Slide 7: Industrial Technologies
INDUSTRIAL TECHNOLOGIES REVENUE OPERATING MARGIN +2.6% +200 bps Core +4.4% Core +210 bps Acquisitions +0.5% Acquisitions -10 bps FX -2.3% 20.9% 18.9% $712.8 $731.4 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Transportation Technologies Franchise Distribution ** Financial measures are presented on a continuing o
Slide 8: Guidance
Guidance @ FORTIVE
Slide 9: Q&A
@ FORTIVE Q&A
Slide 10: (2) FORTIVE
(2) FORTIVE