Crane Co. Financial Overview. Richard Maue, Chief Financial Officer
|
|
- Jason Cox
- 5 years ago
- Views:
Transcription
1 Crane Co. Financial Overview Richard Maue, Chief Financial Officer
2 AGENDA 2018 Results 2019 Outlook Multi-Year Outlook Capital Deployment 2
3 FULL-YEAR 2018 EARNINGS SUMMARY $ Millions except per share amounts Change Sales $3,345 $2, % Operating Profit* $506 $ % Operating Margin* 15.1% 15.2% (10 bps) Earnings per Share* $5.99 $ % Free Cash Flow** $305 $ % Additional Details 2018 Core Growth +2.8% Acquisitions, net +16.9% FX Translation +0.4% Total Sales Change +20.1% 2018 Diluted EPS: GAAP $5.50 M&A Related Items $0.40 Repositioning $0.18 Impact of Tax Law Change ($0.09) Diluted EPS: non-gaap $5.99 * Excludes Special Items. Please see non-gaap Financial Measures tables for details. ** Free cash flow is defined as cash provided by operating activities less capital spending. Please see non-gaap Financial Measures tables for details. 3
4 2018 SEGMENT RESULTS vs. ORIGINAL GUIDANCE* Core Sales Growth Segment Margin** 2018 Actual Original Guidance Change 2018 Actual Original Guidance Change Fluid Handling +4.3% +3% +130 bps 13.1% 13.0% +10 bps Payment & Merchandising Technologies +1.6% +2% (40 bps) 17.6% 16.5% +110 bps Aerospace & Electronics +7.5% +5% +250 bps 22.3% 21.5% +80 bps Engineered Materials (11.7%) +2% NM 15.6% 18.0% (240 bps) Crane Co. +2.8% +2% to +4% (20 bps) 15.1% 14.7% +40 bps * Original segment guidance as provided on January 30, ** Excludes Special Items. Please see non-gaap Financial Measures tables for details. ALL THREE GLOBAL GROWTH PLATFORMS EXCEEDED EXPECTATIONS IN
5 AGENDA 2018 Results 2019 Outlook Multi-Year Outlook Capital Deployment 5
6 2019 SUMMARY GUIDANCE $ Millions except per share amounts G Change*** Net Sales $3,345 $3,296 (2%) EPS* $5.99 $ $ % Free Cash Flow** $305 $335 - $ % 2019G Other 2019 Guidance Details Core Growth (2%) to +1% Acquisitions FX Translation (1.5%) Total Sales Change (2%) Adjusted tax rate of ~21% Corporate expense of ~$65 million Net interest expense of ~$45 million Non-operating income of ~$15 million Diluted share count of ~61.1 million Capital expenditures of ~$90 million * Excludes Special Items. Please see non-gaap Financial Measures tables for details. ** Free Cash Flow is defined as Cash Provided by Operating Activities, less Capital Spending. Please see non-gaap Financial Measures tables for details. *** Reflects midpoint of EPS and Free Cash Flow guidance ranges. 6
7 2019 EPS* GUIDANCE +13% Non-Repeating Benefits from 2018 * Excludes Special Items. Please see non-gaap Financial Measures tables for details. 7
8 FINANCIAL PERFORMANCE Total Sales ($ Billions) $2.2 $2.5 $2.6 $2.6 $2.9 $2.7 $2.7 $2.8 $3.3 $3.3 Operating Profit* ($ Millions) $304 $341 $373 $410 $379 $384 $409 $485 $521 $ G** G Core Growth +0.6% +9.8% +4.3% +0.0% +0.3% (1.2%) 2.0% 1.1% 2.8% (0.5%) Operating Margin* 11.2% 12.1% 13.2% 14.4% 14.0% 13.8% 14.0% 14.7% 14.5% 15.8% SOLID LONG-TERM TRACK RECORD * Excludes Special Items. Please see non-gaap Financial Measures tables for details. ** Reflects midpoint of core growth guidance range. 8
9 2019 GROWTH OUTLOOK Core Growth % of Crane (2019G*) G* Comments 34% Fluid Handling (6%) (6%) +2% +4% +4% + Growth initiatives + Continued moderate market growth 35% Payment & Merchandising Technologies +6% +9% +6% +2% (7%) - Challenging comparisons + Strong underlying demand 24% Aerospace & Electronics 0% +8% (7%) +8% +4% + Commercial OE accelerating + Solid defense spending - Microwave project comparison - Initial provisioning timing 7% *Reflects midpoint of guidance range. Engineered Materials +1% +1% +7% (12%) Flat - RV retail / wholesale demand soft + Solid execution and pricing PAYMENT & MERCHANDISING TECHNOLOGIES CORE GROWTH UP 3% TO 5% EXCLUDING TWO LARGE CUSTOMER PROJECTS IN
10 2019 SEGMENT MARGIN* OUTLOOK Segment Margin* G Comments Fluid Handling Payment & Merchandising Technologies Aerospace & Electronics Engineered Materials 11.6% 10.9% 11.1% 11.7% 13.0% 15.1% 17.9% 20.5% 17.4% 19.0% 21.0% 20.1% 21.8% 22.2% 23.5% 19.0% 19.1% 18.0% 15.5% 15.0% + Volume + Productivity + Facility consolidation + Productivity + Facility consolidation - Volume + Volume + Productivity + Facility consolidation - Volume - Raw materials (resin) + Productivity and price * Excludes Special Items. Please see non-gaap Financial Measures tables for details. EXPECT 130 BASIS POINT IMPROVEMENT IN CONSOLIDATED OPERATING MARGIN 10
11 AGENDA 2018 Results 2019 Outlook Multi-Year Outlook Capital Deployment 11
12 MULTI-YEAR EPS* GROWTH VIEW $5.99 $6.35 $7.50 $8.00 $ G** * Excludes Special Items. Please see non-gaap Financial Measures tables for details. ** Reflects midpoint of EPS guidance range. 12
13 LONG-TERM FINANCIAL EXPECTATIONS BY SEGMENT Across-the-Cycle Target 2019G* Avg. Core Growth Segment Margin Core Growth Segment Margin** Fluid Handling Payment & Merchandising Technologies Aerospace & Electronics Engineered Materials +2% 4% 14%-19% 13% 18% Reflects new pension accounting +4% 13.0% +3% 5% 18% 22% (7%) 19.0% +3% 5% 21% 24% +4% 23.5% GDP 12% 16% Flat 15.0% * Reflects midpoint of guidance range. ** Excludes Special Items. Please see non-gaap Financial Measures tables for details. EXPECT LONG-TERM CORE EBIT GROWTH OF APPROXIMATELY 6% TO 8% 13
14 CRANE CURRENCY ON-TRACK FOR $1.00 EPS BY 2021 $0.28 Large Project * Excludes Special Items. Please see non-gaap Financial Measures tables for details. ROBUST PIPELINE OF PROJECTS FOR GROWTH 14
15 AGENDA 2018 Results 2019 Outlook Multi-Year Outlook Capital Deployment 15
16 STRUCTURAL FREE CASH CONVERSION* IMPROVING Free Cash Conversion 120% Free Cash Conversion (Excluding Asbestos) 120% 100% Average 102% 100% Average 99% Average 110% 80% Average 78% 84% 80% 60% 60% 40% 40% 20% 20% 0% STRONG TRACK RECORD ON OPERATIONAL FREE CASH FLOW 0% *Free Cash Flow is defined as Cash Provided by Operating Activities less Capital Spending. Free Cash Flow conversion is defined as Free Cash Flow divided by Net Income excluding Special Items. Please see non-gaap Financial Measures tables for details. 16
17 2018 FREE CASH FLOW* CONVERSION $ Millions $365 $34 $367 $28 $ % FCF Conversion 84% FCF Conversion Net Income** Free Cash Flow* Discretionary Pension Contribution Malta/Repositioning Capex*** Adjusted Free Cash Flow * Free cash flow is defined as cash provided by operating activities less capital spending. Free cash flow conversion is defined as free cash flow divided by Net Income excluding Special Items. Please see non-gaap Financial Measures tables for details. ** Excludes Special Items. Please see non-gaap Financial Measures tables for details. *** Normalized capital expenditures are expected to be approximately $75 million per year after the completion of the Malta facility and the conclusion of repositioning activities. 17
18 2019 FREE CASH FLOW* CONVERSION $ Millions $388 $40 $378 $350 ($12) 90% FCF Conversion 95% 100% FCF Conversion Net Income** Free Cash Flow* Pension Contribution*** Malta/Repositioning Cash Costs*** Adjusted Free Cash Flow * Free cash flow is defined as cash provided by operating activities less capital spending. Free cash flow conversion is defined as free cash flow divided by Net Income excluding Special Items. Values represent the midpoint of 2019 guidance. Please see non-gaap Financial Measures tables for details. ** Excludes Special Items. Please see non-gaap Financial Measures tables for details. *** Normalized capital expenditures are expected to be approximately $75 million per year after the completion of the Malta facility and the conclusion of ongoing repositioning activities, and Normalized pension contribution should be approximately $15 million per year. Expected 2019 non-gaap repositioning operating expenses are $25 million. 18
19 CAPITAL DEPLOYMENT PRIORITIES Maintain Investment Grade Credit Rating, While Funding: Internal investments to drive organic growth Capital Expenditures Research & Development Sales & Marketing Acquisitions to enhance growth Competitive returns to shareholders Target total payout ratio of 40%-50% Growing dividends in-line with earnings Opportunistic share repurchases Pension and legacy liability requirements FOCUS ON BOTH ORGANIC AND INORGANIC GROWTH 19
20 TARGET LEVERAGE LEVELS Target 2x 3x adjusted debt to EBITDA, excluding Special Items Adjusted debt = Gross financial debt + Pension liability + After-tax net asbestos Debt to EBITDA* 12/31/2017 ~2.7X Deploy cash balances and debt capacity Internal investments Acquisitions 1/31/ /31/2018 ~4.1X ~2.5X COMMITTED TO CURRENT INVESTMENT GRADE RATING *Debt to EBITDA calculated using the methodology published by Moody s including adjustments for asbestos, pension, leases, Special Items and other adjustments. 20
21 COMMITMENT TO RETURN CASH 80% 70% 65% 67% 60% 50% 40% 30% 32% 39% 52% 23% 27% 47% 42% 19% 10% 31% 38% 9% 37% 14% Average Range 40% 50% 25% 20% 10% 33% 28% 29% 27% 28% 32% 31% 29% 23% 25% 0% G* Dividend Payout Repurchase Payout *2019G based on adjusted EPS guidance midpoint of $6.35 and annual dividend of $1.56. WILL MAINTAIN DIVIDEND PAYOUT BETWEEN 25% 30%, BUT M&A PRIORITIZED OVER REPURCHASES IN RECENT YEARS 21
22 CAPITAL DEPLOYMENT POTENTIAL $2.5 $3.0 Billion Available from Incremental Debt Capacity Repatriated Cash Operating Cash Flow Sources ADDITIONAL VALUE CREATION POTENTIAL M&A and/or Repurchases Dividends Dividends Capital Expenditures Capital Expenditures Uses ~$1.5B to $2B Available for M&A and/or Repurchases while Retaining Credit Metrics Consistent with Existing Investment Grade Rating 22
23 FOCUSED ON SUSTAINABLE SHAREHOLDER RETURN Performance Focus Growth (3% 5%) Earnings (>10%) FCF (100% of NI) Sustainable TSR Capital Deployment 23
24
CRANE CO. FINANCIAL OVERVIEW
CRANE CO. FINANCIAL OVERVIEW RICHARD MAUE CHIEF FINANCIAL OFFICER 1 Financial Overview 2017 Results 2018 Outlook Multi-Year Outlook Capital Deployment 2 2017 Operating Results ($ Millions, Except per Share
More 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 informationCrane Co. Q Earnings Release Call
Crane Co. Q4 2018 Earnings Release Call FORWARD-LOOKING STATEMENTS DISCLAIMER The information in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation
More informationCrane Co. Q Earnings Release Call
Crane Co. Earnings Release Call FORWARD-LOOKING STATEMENTS DISCLAIMER The information in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationAnnual Investor Day. February 28, 2019
Annual Investor Day February 28, 2019 2019 AGENDA There Will Be a Brief Q&A Period after Each Business Presentation TIME TOPIC PRESENTER 8:30 8:35 Welcome, Introductions Jason Feldman 8:35 9:00 Strategic
More informationCRANE CO. Q EARNINGS RELEASE CALL
CRANE CO. Q1 2015 EARNINGS RELEASE CALL Forward-Looking Statements - Disclaimer The information in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation
More informationCRANE CO. Q EARNINGS RELEASE CALL
CRANE CO. Q4 2016 EARNINGS RELEASE CALL Forward-Looking Statements - Disclaimer The information in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation
More informationCRANE CO. Q EARNINGS RELEASE CALL
CRANE CO. EARNINGS RELEASE CALL Forward-Looking Statements - Disclaimer The information in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation
More informationCRANE CO. Q EARNINGS RELEASE CALL
CRANE CO. EARNINGS RELEASE CALL Forward-Looking Statements - Disclaimer The information in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation
More informationINVESTOR DAY 2018 MARCH 1, 2018
INVESTOR DAY 2018 MARCH 1, 2018 1 2018 Agenda Time Topic Presenter 8:30-8:35 Welcome, Introductions Jason Feldman 8:35-9:00 Strategic Overview Max Mitchell 9:00-9:20 Financial Overview Rich Maue 9:20-9:50
More informationCRANE CO. Q EARNINGS RELEASE CALL
CRANE CO. Q2 2016 EARNINGS RELEASE CALL Forward-Looking Statements - Disclaimer The information in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation
More informationBANK OF AMERICA GLOBAL INDUSTRIALS & EU AUTOS CONFERENCE DAVE ANDERSON
BANK OF AMERICA GLOBAL INDUSTRIALS & EU AUTOS CONFERENCE DAVE ANDERSON SENIOR VICE PRESIDENT AND CFO 1 Bank of America Global Industrials & EU Autos Conference - March 21, 2013 Forward Looking Statements
More informationForward Looking Statements. Definition Of Core Organic Growth
HONEYWELL 2016 OUTLOOK December 16 th, 2015 2 Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements,
More informationCrane Co. Reports 2017 Results and Updates 2018 Guidance
January 29, 2018 Crane Co. Reports 2017 Results and Updates 2018 Guidance Highlights from Full Year 2017 Results and 2018 Guidance: GAAP earnings per diluted share (EPS) of $2.84 compared to $2.07 in 2016.
More informationJP Morgan Industrials Conference. Dave Anderson Senior Vice President and CFO
0 JP Morgan Industrials Conference Dave Anderson Senior Vice President and CFO Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities
More informationCRANE CURRENCY ACQUISITION ANNOUNCEMENT CALL
CRANE CURRENCY ACQUISITION ANNOUNCEMENT CALL DECEMBER 6, 2017 1 Forward-Looking Statements - Disclaimer The information in this presentation includes forward-looking statements within the meaning of the
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 informationFourth-Quarter 2018 Results. January 30, 2019
Fourth-Quarter 2018 Results January 30, 2019 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements that relate to the
More informationNovember 1, Q Earnings Presentation
November 1, 2018 Q3 2018 Earnings Presentation Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations,
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 informationThird Quarter Earnings Release October 17, 2008
Third Quarter 2008 Earnings Release Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements,
More informationSecond Quarter Earnings Release
Second Quarter Earnings Release 1 2Q 06 Earnings Release Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934.
More informationCredit Suisse 6 th Annual Industrials Conference November 2018
Credit Suisse 6 th Annual Industrials Conference November 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements
More informationInvestor Deck December 2018
Investor Deck December 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements that relate to the mix of and demand
More information2015 Outlook. December 15, 2014
2015 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 informationXYLEM INC. Q EARNINGS RELEASE FEBRUARY 1, 2018
XYLEM INC. Q4 2017 EARNINGS RELEASE FEBRUARY 1, 2018 Q4 2017 EARNINGS RELEASE FORWARD-LOOKING STATEMENTS This presentation contains information that may constitute forward-looking statements. Forward-looking
More informationXYLEM INC. Q EARNINGS RELEASE JULY 31, 2018
XYLEM INC. Q2 2018 EARNINGS RELEASE JULY 31, 2018 Q2 2018 EARNINGS RELEASE FORWARD-LOOKING STATEMENTS This presentation contains information that may constitute forward-looking statements. within the meaning
More informationUBS INDUSTRIALS AND TRANSPORTATION CONFERENCE. Tom Szlosek, Senior Vice President & CFO
UBS INDUSTRIALS AND TRANSPORTATION CONFERENCE Tom Szlosek, Senior Vice President & CFO 2 Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of
More informationQ Earnings. November 2, 2016
Q4 2016 Earnings November 2, 2016 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 informationFOURTH-QUARTER 2017 EARNINGS REVIEW January 25, 2018
FOURTH-QUARTER 2017 EARNINGS REVIEW January 25, 2018 GLOBAL OVERVIEW INSERT PHOTO HERE Marc Bitzer Chief Executive Officer 2 2017 FOURTH-QUARTER HIGHLIGHTS Ongoing EPS of $4.10 in Q4 and $13.74 for the
More informationDecember 13, OUTLOOK
2018 OUTLOOK Forward Looking Statements This presentation contains certain statements that may be deemed forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934.
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 informationFirst Quarter Earnings Release
First Quarter 2012 Earnings Release Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements,
More informationFourth Quarter 2017 Earnings Conference Call. January 24, 2018
Fourth Quarter 2017 Earnings Conference Call January 24, 2018 Forward-Looking Statements NON-GAAP MEASURES The company uses certain non-gaap measures in discussing the company s performance. The reconciliation
More informationXYLEM INC. Q EARNINGS RELEASE OCTOBER 30, 2018
XYLEM INC. Q3 2018 EARNINGS RELEASE OCTOBER 30, 2018 Q3 2018 EARNINGS RELEASE FORWARD-LOOKING STATEMENTS This presentation contains information that may constitute forward-looking statements. within the
More informationQ Earnings. January 25, 2017
Q1 2017 Earnings January 25, 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 informationApril 22, HONEYWELL FIRST QUARTER 2016 Earnings Release
HONEYWELL FIRST QUARTER 2016 Earnings Release 1 Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All
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 informationFinancial Review. John Sznewajs, Chief Financial Officer
Financial Review John Sznewajs, Chief Financial Officer Safe Harbor Statement This presentation contains statements that reflect our views about our future performance and constitute forward-looking statements
More informationLehman Brothers Industrial Select Conference. Dave Anderson, CFO February 11, 2008
Lehman Brothers Industrial Select Conference Dave Anderson, CFO February 11, 2008 Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities
More informationITT reports 2017 fourth-quarter and full-year results, 2018 guidance
ITT Inc. 1133 Westchester Ave. White Plains, NY 10604 tel 914 641 2000 Press Release ITT reports 2017 fourth-quarter and full-year results, 2018 guidance 2017 Full-Year Results: Revenue up 8% to $2.6 billion,
More information2016 THIRD-QUARTER EARNINGS REVIEW October 25, 2016
2016 THIRD-QUARTER EARNINGS REVIEW October 25, 2016 0 THIRD-QUARTER EARNINGS PRESENTATION WHIRLPOOL CORPORATION ADDITIONAL INFORMATION This presentation contains forward-looking statements about Whirlpool
More informationKey Performance Indicators & Non-GAAP Measures
Key Performance Indicators & Non-GAAP Measures Management reviews a variety of key performance indicators including revenue, segment operating income and margins, earnings per share, order growth, and
More information2017 THIRD-QUARTER EARNINGS REVIEW October 24, 2017
2017 THIRD-QUARTER EARNINGS REVIEW October 24, 2017 CAUTIONARY STATEMENT This presentation contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries ( Whirlpool
More informationKey Performance Indicators & Non-GAAP Measures
Key Performance Indicators & Non-GAAP Measures Management reviews a variety of key performance indicators including revenue, segment operating income and margins, earnings per share, order growth, and
More informationXYLEM INC. Q EARNINGS RELEASE MAY 1, 2018
XYLEM INC. Q1 2018 EARNINGS RELEASE MAY 1, 2018 Q1 2018 EARNINGS RELEASE FORWARD-LOOKING STATEMENTS This presentation contains information that may constitute forward-looking statements. Forward-looking
More informationQ Earnings. July 26, 2017
Q3 2017 Earnings July 26, 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. Private
More informationDeutsche Bank Global Auto Industry Conference. January 13, 2015
Deutsche Bank Global Auto Industry Conference January 13, 2015 Rodney O Neal Chief Executive Officer and President Forward-looking statements This presentation, as well as other statements made by Delphi
More informationAlbemarle Corporation Fourth Quarter Earnings
04 I N V E S T O R D A Y Albemarle Corporation Fourth Quarter Earnings Conference Call/Webcast Thursday, January 9, 05 0:00am ET Forward-Looking Statements Some of the information presented in this presentation
More informationCOWEN AERO & DEFENSE CONFERENCE. Roger Fradin Vice Chairman
COWEN AERO & DEFENSE CONFERENCE Roger Fradin Vice Chairman Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of
More informationQ Earnings. October 28, 2015
Q4 2015 Earnings October 28, 2015 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 informationFebruary 14, Q Earnings Presentation
February 14, 2019 Q4 2018 Earnings Presentation Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations,
More informationFirst Quarter 2018 Earnings Conference Call. April 26, 2018
First Quarter 2018 Earnings Conference Call April 26, 2018 Forward-Looking Statements NON-GAAP MEASURES The company uses certain non-gaap measures in discussing the company s performance. The reconciliation
More informationQ EARNINGS CALL May 1, :00 am ET
Q1 2018 EARNINGS CALL May 1, 2018 9:00 am ET Forward-Looking Statements This presentation contains or may contain forward-looking statements within the meaning of Section 27a of the Securities Act of 1933,
More informationPentair KeyBanc Capital Markets Industrial, Automotive & Transportation Conference
Pentair KeyBanc Capital Markets Industrial, Automotive & Transportation Conference John L. Stauch Chief Financial Officer May30, 2013 PENTAIR FORWARD-LOOKING STATEMENTS CAUTION CONCERNING FORWARD-LOOKING
More informationFirst Quarter Fiscal 2017 Financial Results
First Quarter Fiscal 2017 Financial Results Management Presenters Joe Chlapaty Chairman and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer, Secretary and Treasurer
More informationWe prioritize sustainable, profitable growth
We prioritize sustainable, profitable growth Updated growth target reflects prioritization of profitability over overly expensive growth Previous financial targets for 2020 Updated targets Net sales At
More informationDAVE MARBERGER CHIEF FINANCIAL OFFICER
1 DAVE MARBERGER CHIEF FINANCIAL OFFICER 2 DAVE MARBERGER CHIEF FINANCIAL OFFICER With Conagra since 2016 Previous Experience Prestige Brands: 1 year Godiva Chocolatier: 7 years Tasty Baking Company: 5
More informationQ EARNINGS CALL FEBRUARY 20, 2018
Q4 2017 EARNINGS CALL FEBRUARY 20, 2018 1 IMPORTANT INFORMATION Forward Looking Statements These slides contain (and the accompanying oral discussion will contain) forward looking statements. All statements
More informationReconciliation of Non-GAAP Financial Measures. Adjusted Operating Income Reconciliation
Reconciliation of Non-GAAP Financial Measures Adjusted Operating Income Reconciliation Adjusted operating income is not a measure of financial performance under generally accepted accounting principles
More informationQuarterly Update FY16 Fourth Quarter. November 8, 2016
Quarterly Update FY16 Fourth Quarter November 8, 2016 Johnson Controls International plc Cautionary Statement Regarding Forward-Looking Statements Johnson Controls International plc has made statements
More informationQ Earnings. Webcast Presentation November 1, 2018
Q3 2018 Earnings Webcast Presentation November 1, 2018 2 Q3 2018 Earnings Webcast 11/1/18 Safe Harbor Statement All statements made herein that are not historical facts should be considered as forward-looking
More informationFOURTH QUARTER AND FULL YEAR 2016
FOURTH QUARTER AND FULL YEAR 2016 Earnings Release Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All
More informationFourth Quarter & Year-End 2018 Earnings Conference Call February 27, 2019
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 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 informationWELL-POSITIONED TO DELIVER MARGIN EXPANSION, DOUBLE-DIGIT EPS GROWTH & STRONG CAPITAL RETURNS. Paul Vasington CFO
WELL-POSITIONED TO DELIVER MARGIN EXPANSION, DOUBLE-DIGIT EPS GROWTH & STRONG CAPITAL RETURNS Paul Vasington CFO Sensata is a compelling investment A leading position in sensing Industry-leading margins
More informationGLOBAL OVERVIEW. Marc Bitzer. President and Chief Executive Officer
Third-Quarter Second-Quarter 2018 2018 Earnings Review GLOBAL OVERVIEW Marc Bitzer President and Chief Executive Officer 2 2018 THIRD-QUARTER HIGHLIGHTS All-time record ongoing EPS of $4.55 and EBIT margin
More information3rd Quarter 2018 Earnings Conference Call. October 23, 2018
3rd Quarter 2018 Earnings Conference Call October 23, 2018 Forward-looking statements During this presentation, we make certain forward-looking statements concerning plans and expectations for Carlisle
More informationHP Inc. Financial framework driving shareholder value
HP Inc. Financial framework driving shareholder value Cathie Lesjak September 15, 2015 84 We are a global industry leader in our businesses Net revenue By segment and business unit Non-GAAP operating profit
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 informationQ Earnings. April 26, 2017
Q2 2017 Earnings April 26, 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 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 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 informationCDW Corporation. Webcast Conference Call May 2, CDW.com
CDW Corporation Webcast Conference Call May 2, 2018 CDW.com 800.800.4239 Today's Agenda First Quarter 2018 Results Key Performance Drivers and Strategic Progress Financial Results Outlook Q&A 2 Disclaimers
More informationBank of America Merrill Lynch Global Industrials Conference 2018 March 2018
Bank of America Merrill Lynch Global Industrials Conference 2018 March 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including
More informationAllegion Second-Quarter 2018 Results. July 26, 2018
Allegion Second-Quarter 2018 Results July 26, 2018 Safe Harbor This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including
More informationSecond Quarter Review. 25 / April / 2014
Second Quarter Review 25 / April / 2014 Forward-Looking Statements / Safe Harbor This presentation contains a number of forward-looking statements. In many cases forward-looking statements are identified
More informationFirst Quarter Earnings Release
First Quarter 2015 Earnings Release Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements,
More informationRohm and Haas Company. Jacques M. Croisetière Executive Vice President and CFO Morgan Stanley Basic Materials Conference
Rohm and Haas Company Jacques M. Croisetière Executive Vice President and CFO Morgan Stanley Basic Materials Conference 1 Forward Looking Statement The presentation today may include forward-looking statements
More informationFourth Quarter 2016 Earnings Release February 2, 2017
Fourth Quarter 2016 Earnings Release February 2, 2017 Craig Arnold Forward-looking Statements and Non-GAAP Financial Information This presentation or the comments we make on our call today contain forward-looking
More informationPTC SECOND QUARTER FISCAL 2017 PREPARED REMARKS APRIL 19, 2017
PTC SECOND QUARTER FISCAL 2017 PREPARED REMARKS APRIL 19, 2017 Please refer to the Important Disclosures section of these prepared remarks for important information about our operating metrics (including
More informationMSCI THIRD QUARTER 2016
MSCI THIRD QUARTER 2016 Earnings Presentation October 27, 2016 2016 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD-LOOKING STATEMENTS Forward-Looking
More informationAndy Beck. Senior Vice President and CFO
Andy Beck Senior Vice President and CFO 1 Agenda Operating margin progress AGCO Finance update Capital allocation 2014 Preliminary outlook 2 Executing Consistent Strategy Investing in technology / new
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 informationW. R. Grace & Co. Fourth Quarter 2014 Business Update. Investor Presentation February 5, 2015
W. R. Grace & Co. Fourth Quarter Business Update Investor Presentation February 5, 2015 Disclaimer Statement Regarding Safe Harbor For Forward-Looking Statements This presentation contains forward-looking
More informationSecond-Quarter Earnings Review
Second-Quarter 2018 Earnings Review GLOBAL OVERVIEW Marc Bitzer President and Chief Executive Officer 2 2018 SECOND-QUARTER HIGHLIGHTS Ongoing EBIT margin expansion despite challenging cost environment
More informationQ Earnings. July 20, 2016
Q3 2016 Earnings July 20, 2016 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 information2009 Outlook. December 15, 2008
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 fact, that
More informationEarnings Conference Call Third Quarter 2016 October 28, :00 am ET
Earnings Conference Call Third Quarter 2016 October 28, 2016 9:00 am ET Today s Presenters Kim Ann Mink, Ph.D. Chief Executive Officer and President Han Kieftenbeld SVP and Chief Financial Officer 2 Safe
More informationITT Inc. Investor Presentation
ITT Inc. Investor Presentation Safe Harbor This presentation contains forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation
More informationQ4 & Full Year 2017 Earnings. Webcast Presentation February 1, 2018
Q4 & Full Year 2017 Earnings Webcast Presentation February 1, 2018 2 Q4 & FY 2017 Earnings Webcast 2/1/18 Safe Harbor Statement All statements made herein that are not historical facts should be considered
More information3Q Presentation. November 7, 2017
3Q Presentation November 7, 2017 SAFE HARBOR Statements contained in this presentation that are not historical and reflect our views about future periods and events, including our future performance, constitute
More informationFiscal First Quarter 2017 Earnings Conference Call
Fiscal First Quarter 2017 Earnings Conference Call May 5, 2017 Forward-Looking Statements This presentation includes certain statements relating to future events and our intentions, beliefs, expectations,
More informationQ Earnings Call February 20, 2019
Q4 2018 Earnings Call February 20, 2019 1 Forward-looking statements Safe Harbor Statement This release contains forward-looking statements, which may concern our plans, objectives, outlook, goals, strategies,
More informationQ Earnings Call. April 24, 2013
Q2 2013 Earnings Call April 24, 2013 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements -- This presentation contains certain forward-looking statements within the meaning of the
More informationFebruary 25, Q Earnings Presentation
Q4 2015 Earnings Presentation Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations and financial
More informationCDW Corporation. Webcast Conference Call May 4, CDW.com
CDW Corporation Webcast Conference Call May 4, 2016 CDW.com 800.800.4239 Today's Agenda 1st Quarter Results Key Performance Drivers and Strategic Progress Financial Results Outlook Q&A 1 Disclaimers This
More informationJPMorgan Basics and Industrials Conference
JPMorgan Basics and Industrials Conference Dave Anderson Senior Vice President and CFO June 4, 2008 Forward Looking Statements This report contains forward-looking statements within the meaning of Section
More informationFourth Quarter 2017 Earnings Call. Jim Peck, President and CEO Todd Cello, Chief Financial Officer
Fourth Quarter 2017 Earnings Call Jim Peck, President and CEO Todd Cello, Chief Financial Officer FEBRUARY 13, 2018 Forward Looking Statement This presentation contains forward-looking statements within
More informationCDW Corporation. Webcast Conference Call February, CDW.com
CDW Corporation Webcast Conference Call February, 7 2018 CDW.com 800.800.4239 Today's Agenda Fourth Quarter and YTD 2017 Results Key Performance Drivers and Strategic Progress Financial Results ASC 606
More information