Belden Overview Q Belden Inc.
|
|
- Lionel Clark
- 5 years ago
- Views:
Transcription
1 Belden Overview Q Belden Inc.
2 Belden Overview What is Belden? A Leading Global Connectivity Company that SERVES Two Primary End-Markets Enterprise Industrial DEPLOYS A Robust Business System Operational Excellence Disciplined Capital Allocation Proven Management Team BENEFITS From Favorable Secular Trends Industrial Automation Smart Buildings Bandwidth Video Consumption DELIVERS Strong, Consistent Results 1 Revenue CAGR +6% FCF CAGR +15% EBITDA +970 bps ROIC +910 bps Belden Inc. Adjusted results. See investor.belden.com for reconciliation to comparable GAAP results
3 Belden Overview A Leading Global Connectivity Company KEY MARKETS APPLICATIONS SOLUTIONS Enterprise Smart Buildings Final Mile Broadband Live Media Production Industrial Discrete Manufacturing Process Facilities Transportation Energy Video Audio Data Cable Connectivity Networking Software Belden Inc.
4 Enterprise Transmitting and Securing Data, Sound, and Video in Complex Enterprise and Media Networks $1,356M Revenue % EBITDA Margins 1 KEY SOLUTIONS Cable Connectivity Networking Software Fiber Copper A/V Fiber Copper A/V Racks Connectivity Tools Cameras Switchers Replay Routing Playout Editing Playout Asset Management Automated Production Control KEY MARKETS Smart Buildings Final Mile Broadband Live Media Production Extended LAN Commercial A/V Broadband Deployment (Fiber/Copper) Live News and Sports Production Stadium Infrastructure Belden Inc. Non-GAAP results. See investor.belden.com for reconciliation to comparable GAAP results Results
5 Industrial Transmitting and Securing Data, Sound, and Video in Harsh Industrial Environments $1,032M Revenue % EBITDA Margins 1 KEY SOLUTIONS Cable Connectivity Networking Software Fiber Copper Active I/O Modules Passive Distribution Boxes Connectors Wireless Gateways Switches Routers Security Configuration Management Firewalls Network Management Vulnerability Management KEY MARKETS Discrete Manufacturing Process Facilities Transportation Energy Factory Floor Automation Process Automation Transportation Control Systems and Wireless Smart Grid Infrastructure Belden Inc. Non-GAAP results. See investor.belden.com for reconciliation to comparable GAAP results Results
6 Proven Track Record REVENUE EBITDA MARGIN FREE CASH FLOW RETURN ON INVESTED CAPITAL $1.246B 8.5% $37M 4.1% 2017 $2.389B 18.2% $192M 13.2% Variance 6% CAGR Improvement of 970 bps 15% CAGR Improvement of 910 bps SIGNIFICANTLY IMPROVED FINANCIAL PERFORMANCE Belden Inc. Non-GAAP results. See investor.belden.com for reconciliation to comparable GAAP results. 1. Excluding excess cash.
7 Improved Portfolio Composition $ 2005 Revenues 1.2B Gross Profit 21 CONNECTIVITY CABLE % DIVESTED Lower-margin cable ACQUIRED Higher-margin software, networking, and connectivity $ 2017 Revenues 2.4B Gross Profit 41 SOFTWARE NETWORKING CONNECTIVITY CABLE % REVENUE MIX REVENUE MIX Belden Inc.
8 Consistent Margin Progression 22.0% 20.0% EBITDA Margin Goal: 20-22% EBITDA Margin (%) % 17.0% 18.3% 18.2% 16.0% 15.7% 15.5% 14.0% 13.6% 13.0% 12.0% 11.2% 11.8% 11.9% 11.7% 10.0% 9.4% 10.0% 8.0% CONSISTENT MARGIN EXPANSION Belden Inc. 1. Non-GAAP results. See investor.belden.com for reconciliation to comparable GAAP results
9 Favorable Secular Trends INDUSTRIAL AUTOMATION SMART BUILDINGS VIDEO CONSUMPTION BANDWIDTH Increasing pressure to automate production Integrated networks require connectivity Increasing quality and quantity of video consumption Insatiable demand for high-speed internet Belden Inc.
10 A Path to Increased Profitability 90 bps 21.0% 130 bps 1 60 bps 18.2% 2017 Leverage on Organic Growth Mix Productivity 2020 THE BELDEN BUSINESS SYSTEM WILL CONTINUE TO DRIVE MARGIN EXPANSION Belden Inc. Adjusted results. See investor.belden.com for reconciliation to comparable GAAP results. 1. Assuming 4% organic revenue CAGR.
11 A Quality Balance Sheet with Long-Term Maturities Fixed, Long-Term Maturities Euro-Denominated Debt Improves Earnings Exposure to the Euro Pre-Tax Cost of Debt = 3.5% (millions) (millions) $540 $420 $360 $ SIGNIFICANTLY IMPROVED BALANCE SHEET Belden Inc. As of Euro-denominated debt. Using 1.20 EUR / USD FX rate.
12 Well-Capitalized and Strategically Advantaged ~$430 million ~$1.7 BILLION 3.0x Belden Inc. Management s best estimate. 1. Estimated cash available for deployment.
13 Belden Capital Allocation Framework We invest only where we can leverage the Belden Business System to generate best-in-class ROIC Organic Investments in capital expenditures to support organic growth and sustain core businesses ~20% Highly selective M&A to expand our product offering into our current customer set and realize significant synergies ~55% Percent of Capital ~25% Share Repurchase when the market price is below the NPV of our strategic plan and Dividends Belden Inc. Based on management s best estimates.
14 3-Year Financial Goals 3-YEAR FINANCIAL GOALS ( ) Revenue CAGR 1 5-7% EBITDA Margin 20-22% Free Cash Flow CAGR 13-15% Return on Invested Capital % Belden Inc. Adjusted results. Please see appendix for comparable GAAP results. 1. Constant currency. 2. ROIC excluding excess cash.
15 Investment Thesis Proven Track Record Revenue +6% CAGR to $2.4B EBITDA +970 bps to 18.2% FCF +15% CAGR to $192M ROIC +910 bps to 13.2% Secular Tailwinds Industrial Automation Smart Buildings Video Consumption Bandwidth EBITDA Margin Upside 15.5% in % in % goal by 2020 Accretive M&A Potential $1.7B dry powder available ~$ $0.18 EPS accretion per $100M deployed 2 Attractive Valuation 3 8x EV/EBITDA 9x P/E 8% FCF Yield Belden Inc. Adjusted results. See investor.belden.com for reconciliation to comparable GAAP result. 1. Management s best estimate 12/5/17. Estimated cash available for deployment from organic activities. 2. Expectations for year-one assuming 9-10% ROIC. 3. Stock price as of 5/3/2018. Denominator based on 12-month forward consensus
16 Q Earnings Belden Inc.
17 Q Highlights Revenues of $607.4M, increasing 10.2% year-over-year EBITDA of $103.3M, increasing 11.1% year-over-year EPS of $1.16, increasing 26.1% year-over-year Deployed $94 million for the acquisition of SAM and $75 million for share repurchases Increased full-year 2018 revenue guidance to $ $2.683 billion from $ $2.578 billion and EPS guidance to $ $6.48 from $ $6.20 Adjusted results. See investor.belden.com for reconciliation to comparable GAAP results.. All references to Net Income refer to income from continuing operations attributable to Belden. All references to Earnings Per Share refer to adjusted net income per diluted share attributable to Belden common stockholders Belden Inc.
18 Q Segment Overview Revenue $351.0 M Key Markets Enterprise Solutions Constant Currency Revenue Growth % (Y/Y) +9.1% Smart Buildings Final Mile Broadband EBITDA Margin 16.4% Live Media Production Revenue $256.4M Key Markets Industrial Solutions Constant Currency Revenue Growth % (Y/Y) +4.0% EBITDA Margin 18.1% Discrete Manufacturing Process Facilities Transportation Energy Belden Inc.
19 Q Financial Summary Q Q Q Revenue $607.4M $604.9M $551.4M Gross profit $242.6M $237.7M $228.6M Gross profit percentage 39.9% 39.3% 41.5% EBITDA $103.3M $110.2M $93.0M EBITDA percentage 17.0% 18.2% 16.9% Net Income (1) $57.5M $79.0M $47.8M Earnings Per Share (2) $1.16 $1.62 $0.92 Adjusted results. See investor.belden.com for reconciliation to comparable GAAP results. (1) All references to Net Income refer to adjusted net income attributable to Belden (2) All references to Earnings Per Share refer to adjusted net income per diluted share attributable to Belden common stockholders Belden Inc.
20 Q Segment Results Q Enterprise Solutions Industrial Solutions Consolidated Revenue $351.0M $256.4M $607.4M EBITDA (1) $57.5M $46.4M $103.3M EBITDA Margin 16.4% 18.1% 17.0% Q Revenue $332.4M $272.5M $604.9M EBITDA (1) $48.5M $60.5M $110.2M EBITDA Margin 14.6% 22.2% 18.2% Q Revenue $314.3M $237.1M $551.4M EBITDA (1) $49.5M $43.8M $93.0M EBITDA Margin 15.8% 18.5% 16.9% Adjusted results. See investor.belden.com for reconciliation to comparable GAAP results. (1) Consolidated results include income / (loss) from our equity method investment, Non-operating pension costs and Eliminations Belden Inc.
21 Q Balance Sheet Highlights Q Q Q Cash and cash equivalents $363M $561M $816M Working Capital Turns 5.7x 8.2x 8.1x PP&E turns 6.9x 7.2x 7.1x Total debt principal amount $1.69B $1.58B $1.66B Net Leverage (1) 2.9x 2.3x 1.9x (1) Net leverage is calculated as (A) total debt less cash and cash equivalents divided by (B) trailing twelve months Adjusted EBITDA plus trailing twelve months stock based compensation expense Belden Inc.
22 Q Cash Flow Highlights Q Q Cash flows from operating activities $(83.9)M $(12.3)M Less: Net capital expenditures (1) $15.9M $10.4M Free cash flow (2) $(99.7)M $(22.7)M Cash used to acquire businesses (3)(4) $95.4M $0.0M Dividends / Share Repurchases $86.1M $10.8M (1) Capital expenditures, net of proceeds from the disposal of tangible assets. See Appendix for reconciliation. (2) Free cash flow is not a term defined by generally accepted accounting principles (GAAP) and our definition may or may not be used consistently with other companies that define this term. See investor.belden.com for reconciliation to comparable GAAP results. (3) Net of cash acquired. (4) Includes a $19.3 million payoff of debt acquired from the acquisition of Snell Advanced Media ( SAM ) Belden Inc.
23 Outlook Q Revenue of $650 - $670 million Earnings Per Share (1)(2) of $ $ Full Year Revenue of $ $2.683 billion Earnings Per Share (1)(2) of $ $6.48 (1) Adjusted Outlook. See investor.belden.com for reconciliation to comparable GAAP outlook. (2) All references to Earnings Per Share refer to adjusted net income per diluted share attributable to Belden common stockholders Belden Inc.
24 Appendix Belden Inc.
25 Industrial Automation TRENDS ASSET REPLACEMENT INDICATORS LABOR SUBSTITUTION AGING EQUIPMENT SKILLS GAP AND WAGE INFLATION LOWER COST OF CAPITAL M Unfilled manufacturing jobs globally = 7.7 years Average age of manufacturing assets highest since 1951 FLEXIBILITY CAPACITY UTILIZATION AT MULTI-YEAR HIGHS SHORTER LEAD-TIMES PRODUCT CUSTOMIZATION UNITED STATES 77% EU 84% DRIVING IP ADOPTION IP BENEFITS Factory connected to the enterprise Remote access Open standards IP CHALLENGES Connect new technologies with legacy systems Collaboration between operational and information technologies Manage security risks Belden Inc. Sources: The Skills Gap in Manufacturing, Deloitte, 2015; Bureau of Economic Analysis; Eurostat; Federal Reserve.
26 Smart Buildings Improve Efficiency and Sustainability Deliver New User Experiences Enable Business Analytics Audio/ Visual HVAC Control/ Instrumentation Lighting Fire/ Alarm Local Area Network Security High-Spec Copper Cabling Cat 6A +26% CAGR 1 ( ) Driving Investment Connectivity LAN Connectivity Points +3% CAGR 1 ( ) Belden Inc. 1. Convergence and Digitization of Commercial Buildings in U.S., BSRIA, May 2017.
27 Video Consumption VIDEO CONSUMPTION IS CHANGING CREATING CHALLENGES FOR OUR CUSTOMERS LIVE BROADCAST 63% of television ad spend is allocated to live events vs. pre-produced content PRODUCING LIVE EVENTS Is complex and has the highest cost of failure VIDEO QUALITY 51% CAGR of UHD televisions installed ( ) UHD CONTENT CREATION Requires higher bandwidth than legacy protocols can provide VIDEO FORMATS 26% CAGR of over-the-top subscribers ( ) DELIVERING CONTENT ON MULTIPLE PLATFORMS Challenges existing workflow BROADCASTERS NEED TO ADOPT IP TECHNOLOGIES TO ADDRESS THESE CHALLENGES Belden Inc. Sources: Cisco VNI, 2017; Bloomberg; Major Networks.
28 Bandwidth Today, the number of NETWORKED DEVICES = 2X Global Population By 2021, the number of NETWORKED DEVICES = 4X Global Population Creating Opportunity for our Customers $ % of internet traffic today is video $44.94 $52.75 Video traffic will exceed 80% in 2021 Internet traffic will grow 3x by E MSO revenue per high-speed data user Driving Significant Investment Global fixed broadband speeds will double by Belden Inc. Sources: Cisco VNI, 2017; SNL Global Market Intelligence, 2017; Sell-side consensus estimates as of 10/9/17.
Belden Overview Q Belden Inc.
Belden Overview Q3 2018 1 2017 Belden Inc. belden.com @beldeninc Belden Overview What is Belden? A Leading Global Connectivity Company that SERVES Two Primary End-Markets Enterprise Industrial DEPLOYS
More informationBelden Overview Q Belden Inc.
Belden Overview Q1 2018 1 2017 Belden Inc. belden.com @beldeninc Belden Overview What is Belden? A Leading Global Connectivity Company that SERVES Two Primary End-Markets Enterprise Industrial DEPLOYS
More informationBelden Overview. September Belden Inc.
Belden Overview September 2017 1 2017 Belden Inc. belden.com @beldeninc Leading the Way to an Interconnected World Delivering highly-engineered signal transmission solutions for mission-critical applications
More informationBelden Overview. May Belden Inc.
Belden Overview May 2017 1 2017 Belden Inc. belden.com @beldeninc Leading the Way to an Interconnected World Delivering highly-engineered signal transmission solutions for mission-critical applications
More information4 th Quarter 2018 Earnings Release Conference Call
4 th Quarter 2018 Earnings Release Conference Call February 20, 2019 1 2019 Belden Inc. belden.com @beldeninc Safe Harbor Statement Our commentary and responses to your questions may contain forward-looking
More information3 rd Quarter 2018 Earnings Release Conference Call
3 rd Quarter 2018 Earnings Release Conference Call October 31, 2018 1 2018 Belden Inc. belden.com @beldeninc Safe Harbor Statement Our commentary and responses to your questions may contain forward-looking
More information1 st Quarter 2018 Earnings Conference Call Transcript. May 2, 2018
1 st Quarter 2018 Earnings Conference Call Transcript May 2, 2018 CORPORATE PARTICIPANTS John Stroup Belden, Inc. - President, CEO, and Chairman Henk Derksen Belden, Inc. - CFO, SVP-Finance Kevin Maczka
More information4 th Quarter 2018 Earnings Transcript
4 th Quarter 2018 Earnings Transcript February 20, 2019 CORPORATE PARTICIPANTS John Stroup Belden, Inc. President, CEO, and Chairman Henk Derksen Belden, Inc. CFO, SVP Finance Kevin Maczka Belden, Inc.
More information2nd Quarter 2018 Earnings Conference Call Transcript. August 1, 2018
2nd Quarter 2018 Earnings Conference Call Transcript August 1, 2018 CORPORATE PARTICIPANTS John Stroup Belden, Inc. President, CEO, and Chairman Henk Derksen Belden, Inc. CFO, SVP-Finance Kevin Maczka
More informationInvestor Presentation. August 2016
Investor Presentation August 2016 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
More informationWilliam Blair Growth Stock Conference. June 13, 2012
NLSN @ William Blair Growth Stock Conference June 13, 2012 Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects,
More informationInvestor Presentation. November 2018
Investor Presentation November 2018 Disclaimer Forward-Looking Statements: This presentation contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of
More information3rd Quarter 2018 Earnings Conference Call Transcript. October 31, 2018
3rd Quarter 2018 Earnings Conference Call Transcript October 31, 2018 CORPORATE PARTICIPANTS John Stroup Belden, Inc. President, CEO, and Chairman Henk Derksen Belden, Inc. CFO, SVP Finance Kevin Maczka
More informationDriving Profitable Growth
Driving Profitable Growth Frank Calderoni EVP and Chief Financial Officer December 7, 2012 Forward-Looking Statements This presentation contains projections and other forward-looking statements regarding
More informationInvestor Presentation. March 2018
Investor Presentation March 2018 Disclaimer Forward-Looking Statements: This presentation contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the
More informationDear Fellow Shareholders,
2017 Annual Report Dear Fellow Shareholders, In 2017, we achieved record revenues, EBITDA, and EPS 1. Compared to our initial guidance for the year, revenues were in-line with our expectations and EPS
More informationXylem Agrees to Acquire Sensus to Broaden Portfolio and Enhance Growth Platform AUGUST 15, 2016
1 Xylem Agrees to Acquire Sensus to Broaden Portfolio and Enhance Growth Platform AUGUST 15, 2016 Forward-Looking Statements This presentation contains information that may constitute forward-looking statements.
More information1 st Quarter 2016 Earnings Conference Call Transcript
1 st Quarter 2016 Earnings Conference Call Transcript May 4, 2016 Overview*: BDC reported 1Q16 consolidated revenues of $543.8M. On a year-over-year basis, EBITDA margins of 16.4% increased 90 basis points
More informationCogent Communications Reports Second Quarter 2015 Results and Increases Regular Quarterly Dividend on Common Stock
FOR IMMEDIATE RELEASE Cogent Contacts: For Public Relations: For Investor Relations: Eric Schweizer John Chang + 1 (202) 295-4313 + 1 (202) 295-4212 eschweizer@cogentco.com investor.relations@cogentco.com
More informationQ Earnings. January 24, 2018
Q1 2018 Earnings January 24, 2018 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More informationCogent Communications Reports Third Quarter 2014 Results and Increases Regular Quarterly Dividend on Common Stock
FOR IMMEDIATE RELEASE Cogent Contacts: For Public Relations: For Investor Relations: Travis Wachter John Chang + 1 (202) 295-4217 + 1 (202) 295-4212 twachter@cogentco.com investor.relations@cogentco.com
More information2013 Outlook. December 10, 2012
2013 Outlook Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of
More informationF O U R T H Q U A R T E R R E S U L T S February 13, 2019
F O U R T H Q U A R T E R 2 0 1 8 R E S U L T S February 13, 2019 Safe Harbor for Forward-Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of
More informationDear Fellow Shareholders,
2016 Annual Report Dear Fellow Shareholders, 2016 was a year of especially strong performance at Belden. We achieved record EBITDA margins, earnings, and free cash flow 1, illustrating the quality of
More information1Q 2013 INVESTOR PRESENTATION
1Q 2013 INVESTOR PRESENTATION APRIL 2013 FORWARD-LOOKING STATEMENTS The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects, in the meaning of
More informationQ Earnings. April 25, 2018
Q2 2018 Earnings April 25, 2018 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More informationThird Quarter 2018 Earnings Conference Call November 5, 2018
Philip Mezey President and Chief Executive Officer Joan Hooper Senior Vice President and Chief Financial Officer Tom Deitrich Executive Vice President and Chief Operating Officer Kenneth Gianella Vice
More informationInvestor Presentation. May & June 2018
Investor Presentation May & June 2018 Forward Looking Statements, Non-GAAP Financial Measures and Other Information This presentation contains forward-looking statements. Other than statements of historical
More informationCogent Communications Reports Second Quarter 2018 Results and Increases Regular Quarterly Dividend on Common Stock
FOR IMMEDIATE RELEASE Cogent Contacts: For Public Relations: For Investor Relations: Jocelyn Johnson John Chang + 1 (202) 295-4299 + 1 (202) 295-4212 jajohnson@cogentco.com investor.relations@cogentco.com
More informationCogent Communications Reports First Quarter 2015 Results and Increases Regular Quarterly Dividend on Common Stock
FOR IMMEDIATE RELEASE Cogent Contacts: For Public Relations: For Investor Relations: Travis Wachter John Chang + 1 (202) 295-4217 + 1 (202) 295-4212 twachter@cogentco.com investor.relations@cogentco.com
More information2 nd Quarter 2017 Earnings Conference Call Transcript. August 2, 2017
2 nd Quarter 2017 Earnings Conference Call Transcript August 2, 2017 CORPORATE PARTICIPANTS John Stroup Belden, Inc. - President, CEO, and Chairman Henk Derksen Belden, Inc. - CFO, SVP-Finance Kevin Maczka
More informationCogent Communications Reports Fourth Quarter 2017 and Full Year 2017 Results and Increases Regular Quarterly Dividend on Common Stock
FOR IMMEDIATE RELEASE Cogent Contacts: For Public Relations: For Investor Relations: Jocelyn Johnson John Chang + 1 (202) 295-4299 + 1 (202) 295-4212 jajohnson@cogentco.com investor.relations@cogentco.com
More informationInvestor Update Philip Mezey, President and Chief Executive Officer
Investor Update Philip Mezey, President and Chief Executive Officer Barbara Doyle, Vice President, Investor Relations March 2018 FORWARD LOOKING STATEMENTS Certain matters in this presentation and being
More informationQ3 FY 2015 FINANCIAL RESULTS CONFERENCE CALL April 30, 2015 at 5:00 pm ET
Q3 FY 2015 FINANCIAL RESULTS CONFERENCE CALL April 30, 2015 at 5:00 pm ET SAFE HARBOR This presentation may contain certain comments, which are forward-looking statements that involve plans, strategies,
More informationZEBRA TECHNOLOGIES. William Blair Growth Stock Conference June 16, 2016
ZEBRA TECHNOLOGIES William Blair Growth Stock Conference June 16, 2016 Safe Harbor Statement Statements made in this presentation which are not statements of historical fact are forward-looking statements
More informationInvestor Update. Joan Hooper, Senior Vice President and Chief Financial Officer. Ken Gianella, Vice President, Investor Relations.
Investor Update Joan Hooper, Senior Vice President and Chief Financial Officer Ken Gianella, Vice President, Investor Relations November 2018 FORWARD LOOKING STATEMENTS Certain matters in this presentation
More informationInvestor Presentation. November 2017
Investor Presentation November 2017 Disclaimer Forward-Looking Statements: This presentation contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of
More informationBelden Reports Solid Results in Fourth Quarter 2013 and Announces Binding Offer to Acquire Privately Held Grass Valley for $220 Million
1 North Brentwood Boulevard Phone: 314.854.8000 15th Floor Fax: 314.854.8003 St. Louis, Missouri 63105 www.belden.com News Release Belden Reports Solid Results in Fourth Quarter 2013 and Announces Binding
More informationWi-Fi Perfected. Investor Presentation Q System Software. Cloud Analytics. Semiconductors
is Wi-Fi Perfected Semiconductors System Software Cloud Analytics Investor Presentation Q1 2018 Safe Harbor and Non-GAAP Financial Measures This presentation contains forward-looking statements that are
More informationQ Earnings. July 25, 2018
Q3 2018 Earnings July 25, 2018 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S. Private
More informationCrane Co. Financial Overview. Richard Maue, Chief Financial Officer
Crane Co. Financial Overview Richard Maue, Chief Financial Officer AGENDA 2018 Results 2019 Outlook Multi-Year Outlook Capital Deployment 2 FULL-YEAR 2018 EARNINGS SUMMARY $ Millions except per share amounts
More informationINVESTOR DAY JUNE 6, 2016 NEW YORK CITY
INVESTOR DAY JUNE 6, 2016 NEW YORK CITY GARY ELLIS EVP & CFO FORWARD LOOKING STATEMENT This presentation contains forward-looking statements which provide current expectations or forecasts, including those
More information2 nd Quarter 2018 Earnings Results. July 24, 2018
2 nd Quarter 2018 Earnings Results July 24, 2018 Safe Harbor statement NOTE: In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and
More informationBenchmark Electronics
Benchmark Electronics Q4 and FY 2017 Earnings February 7, 2018 Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933
More information2 nd QUARTER 2016 RESULTS. July 27, 2016
2 nd QUARTER 2016 RESULTS July 27, 2016 Safe Harbor Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation
More informationInvestor Presentation. April 2017
Investor Presentation April 2017 Disclaimer Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
More informationAT&T INC. FINANCIAL REVIEW 2017
AT&T INC. FINANCIAL REVIEW 2017 Selected Financial and Operating Data 14 Management s Discussion and Analysis of Financial Condition and Results of Operations 15 Consolidated Financial Statements 49 Notes
More informationSilver Spring Networks Reports Fourth Quarter Financial Results
Silver Spring Networks Reports Fourth Quarter Financial Results $0.08 non-gaap Earnings Per Share on $75 million Top-Line 47% non-gaap Gross Margin $6.3 Million in Cash Flow from Operations Redwood City,
More informationBRINGING IT TOGETHER TO CREATE VALUE
BRINGING IT TOGETHER TO CREATE VALUE Ken Miller Chief Financial Officer CAUTIONARY STATEMENTS Forward-Looking Statements. This presentation contains forward-looking statements within the meaning of Section
More informationQ4 AND FY 2015 FINANCIAL RESULTS CONFERENCE CALL August 20, 2015 at 5:00 pm ET
Q4 AND FY 2015 FINANCIAL RESULTS CONFERENCE CALL August 20, 2015 at 5:00 pm ET SAFE HARBOR This presentation may contain certain comments, which are forward-looking statements that involve plans, strategies,
More informationCRANE CO. FINANCIAL OVERVIEW
CRANE CO. FINANCIAL OVERVIEW RICHARD MAUE CHIEF FINANCIAL OFFICER 1 Financial Overview 2016 Results 2017 Outlook Free Cash Flow and Capital Deployment Long Term Outlook 2 2016 Operating Results ($ Millions,
More informationInvestor. Update. Fourth Quarter 2017 FEBRUARY 27, 2018
184934579 Investor Update Fourth Quarter 2017 FEBRUARY 27, 2018 Strategic and Operational Review Daniel McCarthy PRESIDENT & CHIEF EXECUTIVE OFFICER 2 Business Update Total revenues of $2.22 billion Consumer
More informationCisco Reports Fourth Quarter and Fiscal Year 2007 Earnings
Cisco Reports Fourth Quarter and Fiscal Year 2007 Earnings Q4 Net Sales: $9.4 billion (increase of 18% year over year) Q4 Net Income: $1.9 billion GAAP; $2.3 billion non-gaap Q4 Earnings per Share: $0.31
More informationBank of America Merrill Lynch Leverage Finance Conference November 30, 2017
Bank of America Merrill Lynch Leverage Finance Conference November 30, 2017 Mark Olson Executive Vice President and Chief Financial Officer Safe Harbor Caution Regarding Forward Looking Statements This
More informationSeptember 11, Corporate Update. Rich Tobin, President & Chief Executive Officer
September 11, 2018 Corporate Update Rich Tobin, President & Chief Executive Officer Forward-Looking Statements and Non-GAAP Measures Our comments may contain forward-looking statements that are inherently
More informationMARKETING WITH BMO CAPITAL MARKETS. Germain Lamonde Chairman, President & CEO January 7, 2016
MARKETING WITH BMO CAPITAL MARKETS Germain Lamonde Chairman, President & CEO January 7, 2016 FORWARD-LOOKING STATEMENTS Certain statements in this presentation, or given in response to your questions,
More information2018 Outlook. Webcast Presentation December 13, 2017
2018 Outlook Webcast Presentation December 13, 2017 Safe Harbor Statement All statements made herein that are not historical facts should be considered as forward-looking statements within the meaning
More informationEarnings Presentation. October 27, 2011
Q1 Fiscal Year 2012 Earnings Presentation & Financial Results Supplement October 27, 2011 Safe Harbor Statement This presentation contains statements about our future expectations, plans and prospects
More information3 rd QUARTER 2016 RESULTS. October 26, 2016
3 rd QUARTER 2016 RESULTS October 26, 2016 Safe Harbor Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation
More informationCRANE CO. FINANCIAL OVERVIEW
CRANE CO. FINANCIAL OVERVIEW RICHARD MAUE CHIEF FINANCIAL OFFICER 1 Financial Overview 2017 Results 2018 Outlook Multi-Year Outlook Capital Deployment 2 2017 Operating Results ($ Millions, Except per Share
More informationForward-Looking Statement and Legends
Forward-Looking Statement and Legends CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This presentation may contain forward-looking statements made pursuant to the safe harbor provisions of the
More informationANSYS, INC. FIRST QUARTER 2011 EARNINGS ANNOUNCEMENT PREPARED REMARKS May 5, 2011
ANSYS, INC. FIRST QUARTER 2011 EARNINGS ANNOUNCEMENT PREPARED REMARKS May 5, 2011 ANSYS is providing a copy of its prepared remarks in combination with its earnings announcement. This process and these
More informationUBS Global Technology Conference November, Bob Hau Chief Financial Officer
UBS Global Technology Conference November, 2015 Bob Hau Chief Financial Officer Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking
More informationARRIS Group, Inc. (ARRS)
January 02, 2015 ARRIS Group, Inc. (ARRS) Current Recommendation Prior Recommendation Outperform Date of Last Change 10/12/2014 Current Price (01/01/15) $30.19 Target Price $32.00 NEUTRAL SUMMARY (ARRS-NASDAQ)
More informationTE Connectivity. Citi U.S. and European Industrials Conference. September 2013
TE Connectivity Citi U.S. and European Industrials Conference September 2013 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements -- This presentation contains certain forward-looking
More informationPlantronics to Acquire Polycom
Plantronics to Acquire Polycom Creating the collaboration gold-standard so good ideas are seen and heard Investor Presentation March 28, 2018 FORWARD LOOKING STATEMENTS This Press Release, together with
More informationJ.P. Morgan Diversified Industrials Conference. Dave Anderson Senior Vice President and CFO
J.P. Morgan Diversified Industrials Conference 0 Dave Anderson Senior Vice President and CFO Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E
More informationInvestor presentation
Investor presentation 1 Cautionary note The following materials are for presentation purposes only. These materials should be read in conjunction with the disclosure documents referenced below. Certain
More informationShenandoah Telecommunications Company Reports Second Quarter 2018 Results
Shenandoah Telecommunications Company Reports Second Quarter 2018 Results August 7, 2018 Company Achieves Triple Digit Operating Income Growth Second Quarter 2018 Highlights Second quarter operating revenue
More informationThink Equity Partners Growth Conference September 12, 2006
Think Equity Partners Growth Conference September 12, 2006 Blue Nile, Inc. Safe Harbor Statement Our presentation includes, and our responses to various questions may include, forward-looking statements,
More informationInvestor Presentation. February 2017
Investor Presentation February 2017 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
More informationQ3 FY16 FINANCIAL RESULTS CONFERENCE CALL May 10, 2016 at 5:00 pm ET
Q3 FY16 FINANCIAL RESULTS CONFERENCE CALL May 10, 2016 at 5:00 pm ET SAFE HARBOR This presentation may contain certain comments, which are forward-looking statements that involve plans, strategies, economic
More information2018 Financial Outlook
2018 Financial Outlook Nick Gangestad Senior Vice President and Chief Financial Officer December 12, 2017 1 Agenda Executing on our 2016 2020 plan Tracking to the top-half of 2017 full-year organic growth
More informationQ Earnings. November 1, 2017
Q4 2017 Earnings November 1, 2017 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More informationGardner Denver Q Earnings Presentation. April 27, 2018
Gardner Denver Q1 2018 Earnings Presentation April 27, 2018 Replay Information Dial toll-free: +1.877.344.7529 International: +1.412.317.0088 Conference ID: #10119481 Log on to: http://investors.gardnerdenver.com
More informationCFO Commentary. Third Quarter. Third-quarter diluted earnings per. share increased 33% year over year; non- GAAP diluted. earnings per share
Third Quarter CFO Commentary As reflected in our earnings release, there are a number of items that impact the comparability of our results with those in the trailing quarter and prior quarter of last
More information2Q 2017 Highlights and Operating Results
2Q 2017 Highlights and Operating Results July 25, 2017 1 2Q 2017 Highlights and Operating Results Table of Contents Page(s) 1 Sales Overview and Highlights 4-5 2 NSS Overview 6-7 3 EES Overview 8-9 4 UPS
More informationCharter Communications Second Quarter 2008 Earnings Call August 5, 2008
Charter Communications Second Quarter 2008 Earnings Call August 5, 2008 1 Cautionary Statement Regarding Forward Looking Statements CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This presentation
More informationThird Quarter 2016 Results
Third Quarter 2016 Results Highlights Customer base growth in Consumer driven by continuous improvements in customer experience Fixed-mobile bundles now represent 40% of postpaid base (Q3 2015: 28%) and
More informationAugust 6, Q15 Earnings Presentation
August 6, 2015 2Q15 Earnings Presentation Participants Tony Thomas Chief Executive Officer Bob Gunderman Chief Financial Officer Christie Grumbos Treasurer 2 Safe Harbor Statement Safe Harbor Statement
More informationFirst Quarter 2016 Results. May 6, 2016
First Quarter 2016 Results May 6, 2016 Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 All information set forth in this presentation, except historical and factual information,
More informationQ Earnings. October 31, 2018
Q4 2018 Earnings October 31, 2018 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning
More informationQ Earnings. January 23, 2019
Q1 2019 Earnings January 23, 2019 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning
More informationSecond Quarter 2012 Earnings Conference Call
Second Quarter 2012 Earnings Conference Call July 24, 2012 Patrick Harshman, President & CEO Carolyn Aver, Chief Financial Officer 2011 Harmonic, Inc. All rights reserved worldwide. Forward Looking Statements
More informationMSCI. J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO. February 28, 2017
MSCI J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO February 28, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document.
More informationMONROE, La., Aug. 3, 2016 /PRNewswire/ CenturyLink, Inc. (NYSE: CTL) today reported results for second quarter 2016.
CenturyLink Reports Second Quarter 2016 Results Achieved operating revenues of approximately $4.4 billion, including core revenues(1) of approximately $4.0 billion Generated operating income of $650 million;
More information4 TH QUARTER AND FULL YEAR 2016 RESULTS THURSDAY FEBRUARY 9, :00AM ET NYSE: NLSN
4 TH QUARTER AND FULL YEAR 2016 RESULTS THURSDAY FEBRUARY 9, 2017 8:00AM ET NYSE: NLSN SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS The following discussion contains forward-looking statements, including
More informationRaymond James Institutional Investors Conference. March 4, 2019
Raymond James Institutional Investors Conference March 4, 2019 A Global Market Infrastructure Provider World s deepest and broadest source of mission-critical derived data & analytics critical to pre-trade
More informationTHIRD QUARTER 2018 RESULTS November 6, 2018
THIRD QUARTER 2018 RESULTS November 6, 2018 Safe Harbor for Forward-Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of the Private Securities
More information2Q17 Earnings Supplement. August 3, 2017 INTERCONTINENTAL EXCHANGE. 2Q17 Earnings Supplement August 3, 2017
2Q17 Earnings Supplement August 3, 2017 INTERCONTINENTAL EXCHANGE 2Q17 Earnings Supplement August 3, 2017 Forward-Looking Statement and Legends CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
More informationALTICE USA REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS
ALTICE USA REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS NEW YORK (February 21, 2019) - Altice USA (NYSE: ATUS) today reported results for the fourth quarter and full year ended December 31, 2018.
More informationTABLE 1 Condensed Consolidated Statement of Operations (Unaudited)
TABLE 1 Condensed Consolidated Statement of Operations (dollars in millions, except per share data) Revenues Operating expenses Selling, general and administrative expenses Operating cash flow Depreciation
More informationTechnology Investors
Raymond James Technology Investors Conference December 5, 2017 Forward-Looking Statements Certain statements in this communication may contain forward-looking statements within the meaning of the Private
More informationInvestor Presentation Q1 2018
Investor Presentation Q1 2018 1 Forward-looking statements Safe Harbor Statement This presentation contains forward-looking statements, which may concern our plans, objectives, outlook, goals, strategies,
More informationInvestor presentation
Investor presentation 1 Cautionary note The following materials are for presentation purposes only. These materials should be read in conjunction with the disclosure documents referenced below. Certain
More informationInvestors Presentation. Second Quarter 2015 Results August 4, 2015
Investors Presentation Second Quarter 2015 Results August 4, 2015 Safe Harbor for Forward-Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of
More information4 TH QUARTER AND FULL YEAR 2015 RESULTS FEBRUARY 11, :00AM ET NYSE: NLSN
4 TH QUARTER AND FULL YEAR 2015 RESULTS FEBRUARY 11, 2016 8:00AM ET NYSE: NLSN SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS The following discussion contains forward-looking statements, including those about
More informationSteve Martens VP Investor Relations FY13 Q3
Steve Martens VP Investor Relations steve.martens@molex.com FY13 Q3 Forward-Looking Statement Statements in this presentation that are not historical are forward-looking and are subject to various risks
More informationAmerican Tower Corporation: Financial and Operational Update. July 2016
American Tower Corporation: Financial and Operational Update July 2016 Investment Highlights First Quarter 2016 Results and Updated Full Year 2016 Expectations Solid growth driven by strong customer network
More informationSENSATA FOURTH QUARTER AND FULL YEAR 2017 EARNINGS PRESENTATION FEBRUARY 1, 2018
SENSATA FOURTH QUARTER AND FULL YEAR 2017 EARNINGS PRESENTATION FEBRUARY 1, 2018 Forward-Looking Statements This earnings presentation contains "forward-looking statements" within the meaning of Section
More information