This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on May 14, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Rexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on July 30, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial ResultsRexnord
Rexnord Corporation reported its financial results for the third quarter of fiscal year 2020. Net sales increased 1% year-over-year to $492 million, with core growth of 1%. Adjusted EBITDA increased 4% to $107 million. For water management, net sales grew 4% and adjusted EBITDA rose 5%. Process and motion control saw flat net sales and a 2% increase in adjusted EBITDA. For fiscal year 2020, the company expects core sales growth in the low single digits, adjusted EBITDA of $460-464 million, and free cash flow to exceed net income.
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on October 30, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
- The document provides financial results for Verifone for Q1 FY18, including non-GAAP revenue of $425 million and non-GAAP EPS of $0.23.
- Verifone reaffirmed its FY18 guidance of 1-3% revenue growth and 5-7% EPS growth. Services revenue grew 11% year-over-year and comprised 43% of total revenue.
- Verifone's strategic priorities for FY18 focus on deploying new device families, connecting more devices through its gateways, and enabling clients through its Verifone Connect platform.
Rexnord Corporation (RXN) Q2 Fiscal Year 2020 Financial ResultsRexnord
Consolidated Rexnord
• 2Q net sales decrease (1%) year over year, core growth(1)flat
• Adjusted EBITDA(1) increases 3% year over year to $118 million
• Simplification initiative reduces sales growth by approximately 150 bps year over year
Water Management
• 2Q net sales increase +5% year over year, core growth +4%
• Adjusted EBITDA margin expands to record 27.4%
Process & Motion Control
• 2Q net sales decrease (3%) year over year, core growth (2%), currency translation (2%)
• Simplification actions reduce sales growth by approximately 200 bps
• Margins expand with solid operating execution, SCOFR 2.0 structural cost reductions
Cash Flow & Balance Sheet
• Net debt leverage ratio(1) down to 2.0x
To view this presentation - or any of our previously published financial quarter presentations - please visit https://investors.rexnordcorporation.com/events-and-presentations/presentations/default.aspx
Second-Quarter 2018 Results
- The company reported strong financial results for the second quarter of 2018, with organic bookings growth of 15% and organic revenue growth of 9% year-over-year.
- Adjusted continuing EPS grew 24% compared to the second quarter of 2017, driven by strong operating performance in both the Climate and Industrial segments.
- The company is raising its full-year 2018 adjusted continuing EPS guidance from a range of approximately $5.20 to approximately $5.50, reflecting continued strong execution expected across both segments.
Rexnord Corporation (RXN) Third Quarter Fiscal Year 2017 Financial ResultsRexnord
Supply Chain Optimization & Footprint Repositioning Program
• Final pj , $ g roject initiated, remain on track to $30 million of annual cost savings
• RHF product line exit essentially complete
Process & Motion Control
• Sequential increase in First-Fit wins, on track to exceed FY17 target
• Cambridge acquisition continues to perform well
Water Management
• Matthew Stillings joins Rexnord as Water Management Group Executive
• Zurn establishes new global headquarters in Milwaukee
Cash Flow & Balance Sheet
• Net debt leverage ratio declines to 3.3x
• Term debt maturity extended to 2023, coupon reduced by 25 bps
In this document, Integer discusses its financial results for the fourth quarter and full year of 2017. Some key points:
- Sales grew 8% in Q4 and 5% for the full year, driven by growth across all product lines.
- Adjusted EBITDA increased 17% in Q4 and 7% for the full year. Adjusted net income grew 28% in Q4 and 23% for the full year.
- Integer provided guidance for 2018 with sales expected to grow 2-5% and adjusted EPS to increase 12-23% over 2017.
Rexnord Corporation (RXN) Q1 Fiscal Year 2019 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on July 30, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial ResultsRexnord
Rexnord Corporation reported its financial results for the third quarter of fiscal year 2020. Net sales increased 1% year-over-year to $492 million, with core growth of 1%. Adjusted EBITDA increased 4% to $107 million. For water management, net sales grew 4% and adjusted EBITDA rose 5%. Process and motion control saw flat net sales and a 2% increase in adjusted EBITDA. For fiscal year 2020, the company expects core sales growth in the low single digits, adjusted EBITDA of $460-464 million, and free cash flow to exceed net income.
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on October 30, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
- The document provides financial results for Verifone for Q1 FY18, including non-GAAP revenue of $425 million and non-GAAP EPS of $0.23.
- Verifone reaffirmed its FY18 guidance of 1-3% revenue growth and 5-7% EPS growth. Services revenue grew 11% year-over-year and comprised 43% of total revenue.
- Verifone's strategic priorities for FY18 focus on deploying new device families, connecting more devices through its gateways, and enabling clients through its Verifone Connect platform.
Rexnord Corporation (RXN) Q2 Fiscal Year 2020 Financial ResultsRexnord
Consolidated Rexnord
• 2Q net sales decrease (1%) year over year, core growth(1)flat
• Adjusted EBITDA(1) increases 3% year over year to $118 million
• Simplification initiative reduces sales growth by approximately 150 bps year over year
Water Management
• 2Q net sales increase +5% year over year, core growth +4%
• Adjusted EBITDA margin expands to record 27.4%
Process & Motion Control
• 2Q net sales decrease (3%) year over year, core growth (2%), currency translation (2%)
• Simplification actions reduce sales growth by approximately 200 bps
• Margins expand with solid operating execution, SCOFR 2.0 structural cost reductions
Cash Flow & Balance Sheet
• Net debt leverage ratio(1) down to 2.0x
To view this presentation - or any of our previously published financial quarter presentations - please visit https://investors.rexnordcorporation.com/events-and-presentations/presentations/default.aspx
Second-Quarter 2018 Results
- The company reported strong financial results for the second quarter of 2018, with organic bookings growth of 15% and organic revenue growth of 9% year-over-year.
- Adjusted continuing EPS grew 24% compared to the second quarter of 2017, driven by strong operating performance in both the Climate and Industrial segments.
- The company is raising its full-year 2018 adjusted continuing EPS guidance from a range of approximately $5.20 to approximately $5.50, reflecting continued strong execution expected across both segments.
Rexnord Corporation (RXN) Third Quarter Fiscal Year 2017 Financial ResultsRexnord
Supply Chain Optimization & Footprint Repositioning Program
• Final pj , $ g roject initiated, remain on track to $30 million of annual cost savings
• RHF product line exit essentially complete
Process & Motion Control
• Sequential increase in First-Fit wins, on track to exceed FY17 target
• Cambridge acquisition continues to perform well
Water Management
• Matthew Stillings joins Rexnord as Water Management Group Executive
• Zurn establishes new global headquarters in Milwaukee
Cash Flow & Balance Sheet
• Net debt leverage ratio declines to 3.3x
• Term debt maturity extended to 2023, coupon reduced by 25 bps
In this document, Integer discusses its financial results for the fourth quarter and full year of 2017. Some key points:
- Sales grew 8% in Q4 and 5% for the full year, driven by growth across all product lines.
- Adjusted EBITDA increased 17% in Q4 and 7% for the full year. Adjusted net income grew 28% in Q4 and 23% for the full year.
- Integer provided guidance for 2018 with sales expected to grow 2-5% and adjusted EPS to increase 12-23% over 2017.
Integer reported record sales in the 4th quarter and full year 2017. Sales grew organically by 8% in the 4th quarter and 5% for the full year, driven by growth across all product lines. Adjusted EBITDA increased 17% organically in the 4th quarter and 7% for the full year. Integer is now executing on a strategy to accelerate sales and profit growth through portfolio management, operational excellence, and strengthening the management team. Integer provided an outlook for 2018 with sales expected to grow 2-5% and adjusted EPS to increase 12-23% over 2017.
- CPFL reported a 15.9% increase in EBITDA and 74.2% increase in net income for 2018 compared to 2017. Key drivers included tariff adjustments, lower debt costs, and compensation agreements.
- Energy sales grew 1.2% in 4Q18 and 2.5% for 2018, led by increases in the residential and industrial classes.
- CPFL Renováveis anticipated the commercial start-up of the Boa Vista II SHPP in November 2018 and won projects in the A-6 auction.
- Net revenues for the company increased 28.8% to R$367 million in the first quarter of 2012 compared to the same period in 2011. EBITDA grew 15% to R$9 million for the quarter.
- Two subsequent transactions were completed in April where Ideiasnet sold its stakes in two companies.
- Results were mixed among subsidiaries, with some experiencing revenue and profit growth while others faced challenges from delays, exchange rates, or changes in strategy and client mix.
Ingersoll Rand reported first-quarter 2018 results with the following highlights:
- Revenue grew 8% organically driven by strong growth across all climate and industrial segments.
- Adjusted EPS increased 23% to $0.70 primarily from operational gains in climate and industrial segments.
- Adjusted operating margin expanded 20 basis points despite inflationary headwinds, with price increases offsetting some cost inflation.
- The company repurchased $250 million in shares and paid $112 million in dividends, remaining committed to its capital allocation strategy.
- The document provides an overview of the company's financial results for the second quarter of 2008, including sales growth, operating margin declines, and segment performance.
- Key factors negatively impacting margins included raw material inflation, pricing reductions from the prior year, and unfavorable product mix. Actions are underway to address costs and position the company for economic recovery.
- Guidance for adjusted earnings per share was revised downward to $3.75 to $3.95 due to increased raw material costs and weaker demand.
Hillenbrand reported financial results for Q4 2016 with the following highlights:
- Revenue increased 9% to $429 million driven by growth in the Process Equipment Group.
- Net income increased 88% to $36 million and adjusted EPS increased slightly to $0.58.
- The Process Equipment Group saw a 17% revenue increase while Batesville's revenue declined 4%.
- For the full 2016 year, revenue declined 4% to $1.54 billion while net income grew 1% and adjusted EBITDA margin improved.
- The company provided guidance for adjusted EPS of $2.10-$2.20 for FY2017.
- Telecom Italia Group reported its 3Q'17 results, with total revenues of €4.907 billion, up 2.0% YoY on an organic basis. Service revenues were €4.593 billion, up 1.8% YoY organically.
- EBITDA was €2.226 billion for the quarter, representing organic growth of 2.0% YoY. Domestic EBITDA margin was resilient at 47.7% despite commercial investment.
- Domestic service revenues showed stabilization, with positive mobile trends and strong fiber broadband net additions of 249k in the quarter. Total mobile customers grew 333k QoQ.
The document provides an analysis of Avery Dennison's fourth quarter and full year 2007 financial results. Some key points:
- Sales were up 1% organically for the full year, reflecting soft market conditions, especially in the second half. Reported sales were up 13% due to the Paxar acquisition and currency effects.
- Operating margin increased 20 basis points in Q4 compared to prior year due to cost savings offsetting raw material inflation. However, margins were compressed by 40 basis points from the addition of the lower-margin Paxar business.
- Reported EPS was $0.81 including restructuring charges and Paxar integration costs. Adjusted EPS was $1.
Hillenbrand is a global diversified industrial company pursuing growth and building value. In Q1 2016:
- Revenue decreased 12% to $352 million due to lower demand in the Process Equipment Group.
- Adjusted EPS declined 16% to $0.41 per share.
- The acquisition of Red Valve expanded Hillenbrand's presence in the flow control industry.
- Guidance for full year 2016 expects 0-2% constant currency revenue growth and adjusted EPS of $2.05-$2.15.
The document discusses 3Q15 results for an energy company. It summarizes key financial highlights including a 25.7% increase in EBITDA, 188.5% increase in net income, and 7.6% increase in adjusted net income. It also discusses factors influencing results such as conventional generation performance, currency effects, and lower gains in the spot market. The document further analyzes the company's debt profile, hydrological conditions, and regulatory developments.
Bruker Corporation reported financial results for Q1 2015 with revenues of $353.5 million, down 17% year-over-year due to currency impacts and divestitures. Non-GAAP earnings per share were $0.14, up 27% from $0.11 in Q1 2014, driven by restructuring initiatives and operational improvements. For full-year 2015, Bruker expects organic revenue growth of approximately 1% and over 100 basis points of non-GAAP operating margin expansion despite currency headwinds.
The document provides financial results for 3Q15 from an energy company. Key points include:
- Sales dropped 5.3% in the concession area, with declines across all customer segments. However, investments totaled R$219 million for the quarter.
- EBITDA increased 25.7% to R$280 million compared to 3Q14, driven by better performance from conventional generation and distribution.
- Net income increased 188.5% to R$183 million due to higher EBITDA, lower financial expenses, and currency effects.
- Financial metrics like leverage remain stable and within covenants. The company continues managing debt amortization schedules prudently.
The document discusses 3Q15 results for an energy company. It summarizes key financial highlights including a 5.3% decrease in energy sales in the concession area, a 25.7% increase in EBITDA, and a 188.5% increase in net income. It also discusses factors influencing results such as currency variations, allowance for doubtful accounts, and non-recurring items. The document further analyzes the company's debt profile, hydrological conditions, and regulatory developments in Brazil.
Hillenbrand provides a Q4 2015 earnings presentation covering their financial performance and outlook. Key points:
- Q4 revenue declined 16% to $392 million due to lower volume in the Process Equipment Group segment. Adjusted EPS fell 9% to $0.55.
- For full-year 2015, revenue increased 2% but currency impacts reduced revenue by 6%. Adjusted EPS grew 6.8% to $2.05.
- For 2016, Hillenbrand expects 2-4% constant currency revenue growth and adjusted EPS between $2.10-$2.25, driven by organic growth and cost improvements.
- The document provides an overview of the company's financial results for the third quarter of 2008, including sales, margins, cash flow, and earnings guidance.
- Key highlights include organic sales declining 2.4% due to economic slowdown, operating margin decreasing 240 bps to 6.6% from raw material inflation and reduced leverage, and free cash flow guidance of $375 million.
- Actions are being taken to address challenges, including additional price increases, productivity initiatives, and protecting investments in growth areas.
1) Greif reported Q4 2015 Class A EPS before special items of $0.76 compared to $0.60 in Q4 2014, driven by SG&A expense reductions and lower tax expense. Net sales were 2% lower after adjusting for divestitures and currency impacts.
2) For full year 2015, Class A EPS before special items was $2.18 compared to $2.23 in 2014. Net sales were flat after adjusting for divestitures and currency impacts. SG&A expenses were reduced by $84 million compared to 2014.
3) The company provided fiscal year 2016 Class A EPS guidance of $2.05 - $2.35, excluding special items. Transformation efforts
Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019Rexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on July 30, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on October 30, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Lkq corporations first quarter 2018 earnings call presentationcorporationlkq
- LKQ reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services. Net income was $153 million.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from Q1 2017. Diluted EPS was $0.49 per share, up 8.9% from Q1 2017.
- Revenue growth was driven by acquisitions in Europe and organic growth in North America. Margins declined due to mix shift to Europe and higher costs.
Rexnord Corporation (RXN) Q4 Fiscal Year 2020 Financial ResultsRexnord
Rexnord Corporation's 4Q FY2020 Financial Results
- Net sales increased +2% year over year
- Acquisitions increased sales by +1%
- Core sales(1) increased +1% year over year
- 8020 product line simplification reduced growth by 180 bps
- Adjusted EBITDA(1) of $124 million increased +3% year over year
- Diluted Earnings Per Share from Continuing Operations of $0.23
- Includes $0.23 per share non-cash actuarial loss on pension and OPEB
To view this presentation - or any of our previously published financial quarter presentations - please visit https://investors.rexnordcorporation.com/events-and-presentations/presentations/default.aspx
Rexnord Corporation (RXN) Q3 Fiscal Year 2018 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on January 31, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Integer reported record sales in the 4th quarter and full year 2017. Sales grew organically by 8% in the 4th quarter and 5% for the full year, driven by growth across all product lines. Adjusted EBITDA increased 17% organically in the 4th quarter and 7% for the full year. Integer is now executing on a strategy to accelerate sales and profit growth through portfolio management, operational excellence, and strengthening the management team. Integer provided an outlook for 2018 with sales expected to grow 2-5% and adjusted EPS to increase 12-23% over 2017.
- CPFL reported a 15.9% increase in EBITDA and 74.2% increase in net income for 2018 compared to 2017. Key drivers included tariff adjustments, lower debt costs, and compensation agreements.
- Energy sales grew 1.2% in 4Q18 and 2.5% for 2018, led by increases in the residential and industrial classes.
- CPFL Renováveis anticipated the commercial start-up of the Boa Vista II SHPP in November 2018 and won projects in the A-6 auction.
- Net revenues for the company increased 28.8% to R$367 million in the first quarter of 2012 compared to the same period in 2011. EBITDA grew 15% to R$9 million for the quarter.
- Two subsequent transactions were completed in April where Ideiasnet sold its stakes in two companies.
- Results were mixed among subsidiaries, with some experiencing revenue and profit growth while others faced challenges from delays, exchange rates, or changes in strategy and client mix.
Ingersoll Rand reported first-quarter 2018 results with the following highlights:
- Revenue grew 8% organically driven by strong growth across all climate and industrial segments.
- Adjusted EPS increased 23% to $0.70 primarily from operational gains in climate and industrial segments.
- Adjusted operating margin expanded 20 basis points despite inflationary headwinds, with price increases offsetting some cost inflation.
- The company repurchased $250 million in shares and paid $112 million in dividends, remaining committed to its capital allocation strategy.
- The document provides an overview of the company's financial results for the second quarter of 2008, including sales growth, operating margin declines, and segment performance.
- Key factors negatively impacting margins included raw material inflation, pricing reductions from the prior year, and unfavorable product mix. Actions are underway to address costs and position the company for economic recovery.
- Guidance for adjusted earnings per share was revised downward to $3.75 to $3.95 due to increased raw material costs and weaker demand.
Hillenbrand reported financial results for Q4 2016 with the following highlights:
- Revenue increased 9% to $429 million driven by growth in the Process Equipment Group.
- Net income increased 88% to $36 million and adjusted EPS increased slightly to $0.58.
- The Process Equipment Group saw a 17% revenue increase while Batesville's revenue declined 4%.
- For the full 2016 year, revenue declined 4% to $1.54 billion while net income grew 1% and adjusted EBITDA margin improved.
- The company provided guidance for adjusted EPS of $2.10-$2.20 for FY2017.
- Telecom Italia Group reported its 3Q'17 results, with total revenues of €4.907 billion, up 2.0% YoY on an organic basis. Service revenues were €4.593 billion, up 1.8% YoY organically.
- EBITDA was €2.226 billion for the quarter, representing organic growth of 2.0% YoY. Domestic EBITDA margin was resilient at 47.7% despite commercial investment.
- Domestic service revenues showed stabilization, with positive mobile trends and strong fiber broadband net additions of 249k in the quarter. Total mobile customers grew 333k QoQ.
The document provides an analysis of Avery Dennison's fourth quarter and full year 2007 financial results. Some key points:
- Sales were up 1% organically for the full year, reflecting soft market conditions, especially in the second half. Reported sales were up 13% due to the Paxar acquisition and currency effects.
- Operating margin increased 20 basis points in Q4 compared to prior year due to cost savings offsetting raw material inflation. However, margins were compressed by 40 basis points from the addition of the lower-margin Paxar business.
- Reported EPS was $0.81 including restructuring charges and Paxar integration costs. Adjusted EPS was $1.
Hillenbrand is a global diversified industrial company pursuing growth and building value. In Q1 2016:
- Revenue decreased 12% to $352 million due to lower demand in the Process Equipment Group.
- Adjusted EPS declined 16% to $0.41 per share.
- The acquisition of Red Valve expanded Hillenbrand's presence in the flow control industry.
- Guidance for full year 2016 expects 0-2% constant currency revenue growth and adjusted EPS of $2.05-$2.15.
The document discusses 3Q15 results for an energy company. It summarizes key financial highlights including a 25.7% increase in EBITDA, 188.5% increase in net income, and 7.6% increase in adjusted net income. It also discusses factors influencing results such as conventional generation performance, currency effects, and lower gains in the spot market. The document further analyzes the company's debt profile, hydrological conditions, and regulatory developments.
Bruker Corporation reported financial results for Q1 2015 with revenues of $353.5 million, down 17% year-over-year due to currency impacts and divestitures. Non-GAAP earnings per share were $0.14, up 27% from $0.11 in Q1 2014, driven by restructuring initiatives and operational improvements. For full-year 2015, Bruker expects organic revenue growth of approximately 1% and over 100 basis points of non-GAAP operating margin expansion despite currency headwinds.
The document provides financial results for 3Q15 from an energy company. Key points include:
- Sales dropped 5.3% in the concession area, with declines across all customer segments. However, investments totaled R$219 million for the quarter.
- EBITDA increased 25.7% to R$280 million compared to 3Q14, driven by better performance from conventional generation and distribution.
- Net income increased 188.5% to R$183 million due to higher EBITDA, lower financial expenses, and currency effects.
- Financial metrics like leverage remain stable and within covenants. The company continues managing debt amortization schedules prudently.
The document discusses 3Q15 results for an energy company. It summarizes key financial highlights including a 5.3% decrease in energy sales in the concession area, a 25.7% increase in EBITDA, and a 188.5% increase in net income. It also discusses factors influencing results such as currency variations, allowance for doubtful accounts, and non-recurring items. The document further analyzes the company's debt profile, hydrological conditions, and regulatory developments in Brazil.
Hillenbrand provides a Q4 2015 earnings presentation covering their financial performance and outlook. Key points:
- Q4 revenue declined 16% to $392 million due to lower volume in the Process Equipment Group segment. Adjusted EPS fell 9% to $0.55.
- For full-year 2015, revenue increased 2% but currency impacts reduced revenue by 6%. Adjusted EPS grew 6.8% to $2.05.
- For 2016, Hillenbrand expects 2-4% constant currency revenue growth and adjusted EPS between $2.10-$2.25, driven by organic growth and cost improvements.
- The document provides an overview of the company's financial results for the third quarter of 2008, including sales, margins, cash flow, and earnings guidance.
- Key highlights include organic sales declining 2.4% due to economic slowdown, operating margin decreasing 240 bps to 6.6% from raw material inflation and reduced leverage, and free cash flow guidance of $375 million.
- Actions are being taken to address challenges, including additional price increases, productivity initiatives, and protecting investments in growth areas.
1) Greif reported Q4 2015 Class A EPS before special items of $0.76 compared to $0.60 in Q4 2014, driven by SG&A expense reductions and lower tax expense. Net sales were 2% lower after adjusting for divestitures and currency impacts.
2) For full year 2015, Class A EPS before special items was $2.18 compared to $2.23 in 2014. Net sales were flat after adjusting for divestitures and currency impacts. SG&A expenses were reduced by $84 million compared to 2014.
3) The company provided fiscal year 2016 Class A EPS guidance of $2.05 - $2.35, excluding special items. Transformation efforts
Rexnord Corporation (RXN) Earnings Call Slides First Quarter Fiscal 2019Rexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on July 30, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Rexnord Corporation (RXN) Q2 Fiscal Year 2019 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on October 30, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Lkq corporations first quarter 2018 earnings call presentationcorporationlkq
- LKQ reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services. Net income was $153 million.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from Q1 2017. Diluted EPS was $0.49 per share, up 8.9% from Q1 2017.
- Revenue growth was driven by acquisitions in Europe and organic growth in North America. Margins declined due to mix shift to Europe and higher costs.
Rexnord Corporation (RXN) Q4 Fiscal Year 2020 Financial ResultsRexnord
Rexnord Corporation's 4Q FY2020 Financial Results
- Net sales increased +2% year over year
- Acquisitions increased sales by +1%
- Core sales(1) increased +1% year over year
- 8020 product line simplification reduced growth by 180 bps
- Adjusted EBITDA(1) of $124 million increased +3% year over year
- Diluted Earnings Per Share from Continuing Operations of $0.23
- Includes $0.23 per share non-cash actuarial loss on pension and OPEB
To view this presentation - or any of our previously published financial quarter presentations - please visit https://investors.rexnordcorporation.com/events-and-presentations/presentations/default.aspx
Rexnord Corporation (RXN) Q3 Fiscal Year 2018 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on January 31, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Lkq corporations first quarter 2018 earnings call presentation v2 4.27.18corporationlkq
- The company reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services.
- Net income from continuing operations attributable to stockholders was $153 million for Q1 2018, up 8.6% from $141 million in Q1 2017.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from $290 million in Q1 2017, with margins of 10.9% compared to 12.4% in Q1 2017.
DuPont reported its second quarter 2014 earnings. Key points include:
- Overall sales were down 1% due to lower corn seed volumes and currency impacts, while operating earnings were down 5%.
- Several business segments saw earnings gains from higher volumes and margins, including Nutrition & Health (+72%), Industrial Biosciences (+37%), and Safety & Protection (+22%).
- Performance Materials earnings declined 9% due to a scheduled facility outage. Agriculture earnings fell 11% on lower corn seed volumes.
- The company reaffirmed its full-year operating EPS outlook of $4.00-$4.10 per share and discussed ongoing redesign initiatives and the planned Performance Chemicals spin-off.
Acxiom held a Q1 FY19 conference call on August 9, 2018 to discuss financial results and the proposed sale of Acxiom Marketing Solutions to Interpublic Group. Key highlights include:
1) Acxiom signed a definitive agreement to sell Acxiom Marketing Solutions to Interpublic Group for $2.3 billion, sharpening its focus on its LiveRamp identity platform.
2) In Q1 FY19, LiveRamp revenue grew 34% year-over-year excluding Facebook, demonstrating a predictable recurring revenue model.
3) Acxiom provided fiscal 2019 guidance of $935-955 million in revenue and $0.90-0.95 non-GAAP
The document provides financial results for U.S. Cellular and TDS Telecom for the second quarter of 2018. Some key highlights:
- Total operating revenues for U.S. Cellular increased 1% year-over-year to $974 million. Adjusted OIBDA increased 26% to $205 million.
- Wireline revenues declined 4% to $174 million due to declines in commercial and wholesale revenues. Adjusted EBITDA declined 12% to $59 million.
- Cable revenues grew 12% to $57 million driven by a 14% increase in broadband connections. Adjusted EBITDA increased 10% to $16 million.
- TDS Telecom's total
This investor presentation summarizes an investor presentation from Ingersoll Rand given in May 2018. The key points are:
1) Ingersoll Rand is a global leader in energy efficiency and productivity with two segments - Industrial and Climate - and leading brands in various markets.
2) The company has a robust financial model that delivers powerful cash flow through diversified end markets, market leading positions, focus on margin expansion, and balanced capital deployment.
3) Ingersoll Rand's strategy of sustained growth, operational excellence, and dynamic capital allocation is driving profitable growth and margin improvement towards 2020 targets of 4-4.5% revenue CAGR, 14.5-15% operating margins, and 11-
This investor presentation covers Ingersoll Rand's business, financial performance, growth opportunities, and outlook. Some key points:
- Ingersoll Rand is a global leader in energy efficiency and productivity with two segments - Industrial and Climate - that have diversified end markets and recurring revenue streams.
- The company has delivered strong financial performance through revenue growth, margin expansion, and powerful free cash flow generation. Targets include 4-4.5% revenue CAGR through 2020.
- Ongoing business investments in new products, technology, and capabilities support continued growth and profitability opportunities across segments.
- Ingersoll Rand pursues a balanced capital allocation strategy of reinvestment, dividends
- Net revenues for the company increased 28.8% to R$367 million in the first quarter of 2012 compared to the same period in 2011. EBITDA grew 15% to R$9 million for the quarter.
- Two subsequent transactions were completed in April where Ideiasnet sold its stakes in two companies.
- Results were mixed among subsidiaries, with some experiencing revenue and profit growth while others faced challenges from delays, exchange rates, and changes in strategy and client mix.
Masco Corporation reported first quarter 2018 results. Revenue increased 8% to $1.92 billion due to growth in the Plumbing and Decorative Architectural segments and the North American Windows business. Operating profit decreased to $250 million due to $30 million in strategic growth investments and a lag in passing along price increases. Management affirmed its annual earnings guidance range of $2.48 to $2.63 per share.
2018 UBS Global Industrials and Transportation Conference Presentationingersollrand2016
UBS Global Industrials & Transportation Conference presentation discusses Ingersoll Rand's business segments, financial performance, growth targets, and opportunities. It highlights Ingersoll Rand's leading market positions, focus on operational excellence and margin expansion, powerful cash flow generation, and balanced capital allocation strategy, which has delivered consistent growth and shareholder returns. The presentation also emphasizes Ingersoll Rand's commitment to sustainability, innovation, and high employee engagement.
- TDS Telecommunications reported first quarter 2018 results, with highlights including growth in total operating revenues, reductions in cash expenses, and increases in adjusted OIBDA and adjusted EBITDA compared to first quarter 2017.
- At U.S. Cellular, postpaid net additions improved significantly compared to the same period last year, driven by growth in postpaid handset additions. Total operating revenues increased slightly year-over-year.
- TDS Telecom saw 1% growth in total operating revenues due to a 12% increase in cable revenues, offset by a 2% decline in wireline revenues. Adjusted EBITDA declined slightly by 1% compared to first quarter 2017.
- The company reported first quarter 2018 earnings with orders up 10% year-over-year and net sales up 26% year-over-year. Adjusted EBITDA improved by over 400 basis points year-over-year.
- Guidance for 2018 was updated with revenue expected between $1.775 billion to $1.850 billion and adjusted EBITDA between $100 million to $120 million.
- Strategic priorities include expanding product innovation, improving manufacturing productivity through optimization projects, and focusing on operational excellence and growth in key markets.
The document provides an earnings summary and outlook for Q2 2016. Key points include:
- Adjusted EPS was above guidance despite a challenging macro environment.
- Transportation orders remained solid while Industrial orders grew quarter-over-quarter.
- Guidance for Q3 2016 projects adjusted EPS growth of 14% year-over-year.
- Full year 2016 guidance reiterates sales of $12.1-12.5 billion and adjusted EPS of $3.90-4.10.
Fourth-Quarter 2017 Results
- The company discussed its Q4 2017 financial results and provided guidance for full year 2018. Key highlights included 5% organic revenue growth in Q4, adjusted EPS of $1.02, and free cash flow of $1.3 billion. Guidance for 2018 forecasts 3-3.5% organic revenue growth and adjusted EPS of $5.00-$5.20. The company also discussed its execution of strategies in China, drivers of expected margin improvement in 2018, and recent acquisitions.
Masco Corporation reported second quarter 2014 results with revenue growth of 5% and adjusted operating profit growth of 21%. Strong operating leverage led to a 140 basis point increase in adjusted operating margin. Cabinet sales declined 5% but initiatives are being executed to improve long-term performance. The outlook calls for continued execution of sales and profit initiatives despite lower industry growth.
- TE Connectivity reported Q4 2015 earnings results, with sales of $2.98 billion, down 3% year-over-year but flat organically. Adjusted EPS was $0.90, up 2% year-over-year but with 15% growth at constant currency due to foreign exchange impacts.
- For full year 2015, sales were $12.23 billion, up 4% organically and 10% in constant currency. Adjusted EPS was $3.60, up 9% year-over-year and 19% growth at constant currency.
- Guidance for Q1 2016 expects sales between $2.7-2.9 billion, down 8% at the midpoint, with
Similar to Rexnord Corporation (RXN) Q4 Fiscal Year 2018 Financial Results (20)
Solid finish to fiscal 2014
Core sales growth +4%
Adjusted net income +62%
Adjusted EBITDA margin of 21.0%
Adjusted EPS +56% year over year to $0.50
Water Management growth accelerating as expected
+6% core growth … strong momentum in both Zurn and VAG
Acquired Green Turtle in April … proprietary products expand Zurn portfolio
Process & Motion Control end markets stable/improving
+3% core growth with strong performance in U.S. OEM/Distribution
Adjusted EBITDA increases to 29.2% … 300 basis point improvement year over year
Fiscal 2015 guidance of +3% to +5% core sales growth … adjusted EPS growth
of +20% to +28%
Rexnord Corporation (RXN) Second Quarter 2016 Earnings ReleaseRexnord
Rexnord reported second quarter 2016 earnings. Core sales declined 6% year-over-year due to weaker demand in US general industrial and distribution markets, though water end markets remained strong. Adjusted EPS was $0.34. For full year 2016, Rexnord is resetting its adjusted EPS guidance range to $1.43-1.48, reflecting actions to optimize supply chains and reposition footprints in response to industrial volatility.
4Q results Core sales growth -3% –Adjusted EPS of $0.37 fff$%f FY16 free cash flow of $171 million, or 113% of adjusted net income Significant progress in portfolio management, cost reduction, management alignment Water Management performing well in favorable market environment Core operations deliver 20.3% adjusted EBITDA margin in fiscal 2016 Solid momentum in US nonresidential construction end markets Process & Motion Control outlook positive for aerospace, food & beverage Stabilizing sell-through in industrial distribution implies improving year-over-year comparisons Cambridge acquisition builds on leadership in food & beverage, expands consumer exposure Initiating guidance range for fiscal 2017 Adjusted EPS of $1.47-1.57 gggj$ Slow-growth end-market environment continues, but industrial MRO stabilizing Supply chain optimization & footprint repositioning on track to deliver $30 million annual savings
Rexnord Corporation (RXN) First Quarter Fiscal Year 2017 Earnings Release Rexnord
1Q results in line on operating basis Net sales decline 3%, including 2% drag from RHF product line exit –core sales(1)decline 1% S(1)f$$fff Adjusted EPS(1)of $0.35 includes $0.03 per share from timing of tax benefit Closed acquisition of Cambridge, enhancing consumer-facing end-market exposure Reduced outstanding debt by $100 million, eliminating all principal repayments before maturity WMfldddjii Water Management reflects steady nonresdemand, project timing Favorable growth outlook continues for US nonresidential construction end markets Investing in key new product introductions scheduled over coming 6-18 months Process & Motion Control core growth comparison improves Global aftermarket revenue increases as industrial distribution sell-through stabilizes Cambridge delivers solid contribution in initial quarter, integration on track Re-affirming guidance for fiscal 2017 Adjusted EPS of $1.47-1.57 End markets generally consistent with expectations –impact of weaker markets diminishing Supply chain optimization & footprint repositioning on track to deliver $30 million annual savings
Rexnord Corporation (RXN) Second Quarter Fiscal Year 2017 Earnings Release Rexnord
2Q earnings in line Net sales increase 1%, including 1% drag from RHF product line exit –core sales(1)decline 2% GSf$S(1)f$ GAAP EPS of $0.24 –Adjusted EPS(1)of $0.38 Cambridge contributes approximately 4% to 2Q sales growth with favorable outlook Process & Motion Control delivers in-line results, positive sales growth Global aftermarket revenue increases as industrial distribution sell-through stabilizes Positive growth in consumer-facing, aerospace end markets augmented by acquisition Water Management results reflect infrastructure project deferrals Project timelines extend, particularly in Middle East, cutting into second-half outlook US nonresidential building construction growth uneven, but outlook remains positive
Updatingguidanceforfiscal2017EarningsperShare Updating guidance for fiscal 2017 Earnings per Share Revised GAAP EPS guidance is $0.75-0.81 –revised Adjusted EPS guidance is $1.32-1.38 More cautious end market growth assumptions yield lower core growth outlook of ~(3%) Supply chain optimization & footprint repositioning on track to deliver $30 million annual savings
Rexnord Corporation (RXN) Fourth Quarter Fiscal Year 2017 Financial ResultsRexnord
- In the fourth quarter of fiscal year 2017, net sales increased 2% year-over-year to $503 million, with acquisitions contributing 4% to growth and a product line exit reducing sales by 2%.
- Adjusted EBITDA for the quarter increased 5% to $98 million compared to the same period last year, with margins expanding by 30 basis points.
- For fiscal year 2018, the company expects core sales growth in the low-single digit percentage range and adjusted EBITDA between $365-$385 million.
Rexnord Corporation (RXN) First Quarter Fiscal Year 2018 Financial ResultsRexnord
Consolidated Rexnord
• Formal launch of DiRXN (“Direction”), our proprietary digital enterprise strategy
Process
& Motion Control Control
• Core sales(1) growth accelerates to +5% in 1Q
• New
e‐commerce solution provides enhanced capabilities to customers
Water Management
• Core sales, margin comparisons expected to be positive through balance of year
• Initial connected product designs to be launched in FY18
Cash Flow
& Balance Sheet
• Solid 1Q start for Free Cash Flow(1) supports unchanged FY18 outlook
• Net debt leverage ratio(1) declines to 3.0x
Rexnord Corporation (RXN) Second Quarter Fiscal Year 2018 Financial ResultsRexnord
Consolidated Rexnord
• Supply Chain Optimization
& Footprint Repositioning completed, savings on track
• Core sales(1) growth increases to +4% year over year
Process
& Motion Control
• Positive core sales growth continues at +3%
• DiRXN (“Direction”) introduction generating strong customer interest, activity
Water Management
• Core sales growth accelerates to +5%, margins expand year over year by 200 bps
• World Dryer acquisition adds strategic adjacent product line
Cash Flow
& Balance Sheet
• Solid 1HFY18 for Free Cash Flow(1) supports unchanged FY18 outlook
• Net debt leverage ratio(1) declines to 2.9x
Rexnord Corporation (RXN) Q4 Fiscal Year 2018 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on May 14, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliations to GAAP data.
Rexnord Corporation (RXN) Q3 Fiscal Year 2019 Financial ResultsRexnord
This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on January 30, 2019, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in ourfilingswiththeSecuritiesandExchangeCommission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them and why we believe they are helpful to investors, and contain reconciliationstoGAAPdata.
To view this presentation - or any of our previously published financial quarter presentations - please visit https://investors.rexnordcorporation.com/events-and-presentations/presentations/default.aspx
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Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
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These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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2. 2
CAUTIONARY STATEMENT UNDER THE
PRIVATE SECURITIES LITIGATION REFORM ACT
This presentation and discussion contains certain forward-looking statements that
are subject to the Safe Harbor and Cautionary language contained in the press
release we issued on May 14, 2018, as well as other factors that could cause actual
results to differ materially from those discussed and that are disclosed in our filings
with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release
and SEC filings contain additional information about these non-GAAP measures,
why we use them and why we believe they are helpful to investors, and contain
reconciliations to GAAP data.
3. STRATEGIC UPDATE
3
Consolidated Rexnord
• 4Q net sales growth increases to +14% year over year, core sales(1) growth to +7%
• FY18 Adjusted EBITDA(1) increases 13% year over year to $390 million
• Next stage of Supply Chain Optimization & Footprint Repositioning under way
Process & Motion Control
• 4Q core sales growth sustained at +6%
• Centa Power Transmission integration on track, contributes 5% to PMC sales growth
Water Management
• 4Q core sales growth increases to +8%
• Plan to divest non-strategic VAG operations from Water Management platform
Cash Flow & Balance Sheet
• Net debt leverage ratio(1) declines to 2.7x
• FY18 free cash flow(1) increases to $188 million
Note: All FY18 and 4QFY18 figures include VAG results.
(1) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in the Form 8-K filed with the Securities and Exchange Commission on May 14, 2018.
4. 4
FOCUS WATER PLATFORM AROUND ZURN
Zurn is a leader in the North American specification-grade plumbing products market
• Significant presence in later-cycle institutional nonresidential building construction
Education, health care, transportation, public sectors
• FY18 core revenue growth of 4% exceeded estimated market growth
• FY18 Adjusted EBITDA margin expanded by more than 100 bps to 25%
• Product innovator with established new product pipeline
Anticipate reporting VAG as Discontinued Operations in 1QFY19
• Acquired pre-IPO in FY12 under former private-equity ownership
• Engineered valves for water & wastewater infrastructure, industry, hydropower
• Potential proceeds can further reduce financial leverage
400ST n-Pattern Backflow Series EZ1 Floor Drain System F1960 PEX Expansion System Sundara Handwashing System
5. 5
SCOFR 2.0
Second phase of Supply Chain Optimization & Footprint Repositioning initiatives
• Investing to reduce fixed costs, enhance productivity, and improve free cash flow
$20-million total investment includes $11 of capital expenditures
$15-million estimated total annual structural cost reductions
• SCOFR 2.0 projects to be completed in late FY19/early FY20
6. 6
AEROSPACE CENTER OF EXCELLENCE
Customer Value Creation
• Foster joint collaboration & innovation
• Eliminate inefficiencies in value chain
• Increase customer operating productivity
Industry 4.0 Operating Model
• Closed-loop digital processes from quotation
and order entry to engineering and
manufacturing, inspection, and shipment
• Advanced manufacturing technologies
Shareholder Value Creation
• Optimize new facility on existing site
• Increase asset utilization
• Reduce lead-times, working capital
• Deliver BIC customer satisfaction
Downer’s Grove Site April 2018
Assembly Cell
Development
Advanced Machine Tools
Rexnord is a leading developer & manufacturer of aerospace bearing & seal products
7. 7
ACQUISITION UPDATE
PMC: Centa Power Transmission (February 2018)
• Flexible couplings leader, ~$100 million annual sales
• Expands addressable applications, served markets
• Majority of sales from MRO applications
• Commercial integration process well under way
• RBS identifying opportunities in internal processes
• Margins present substantial value-creation potential
WM: World Dryer (October 2017)
• Largest installed base in North American hand dryer market
• Approximately $20 million of annual sales
• Additive to addressable nonresidential building washroom content
• Commercial integration complete
• Significant reduction in product line complexity
• Margins enable re-investment in new product development
Share
of Sales
~ 40%
~ 40%
15-20%
<5%
source: Company estimates
End Market
Marine
Power Generation
Industrial
Transportation
Key Applications
Passenger Ships, Yachts, Workboats
Gensets, Wind Turbines
Rail
Compressor/Pump Packages, Mobile Equipment
8. 8
FINANCIAL UPDATE
Fourth Quarter Fiscal Year 2018(1)
• Adjusted EBITDA(2) of $111 million increased 13% year over year
• Net sales increased 14% year over year
• World Dryer, Centa acquisitions increased sales by 4%
• Foreign currency translation increased sales by 3%
• Core sales(2) increased 7% year over year
• Loss Per Share of ($0.65), including $111-million goodwill impairment charge (VAG)
• Adjusted EPS(2) of $0.42
Fiscal Year 2018(1)
• Adjusted EBITDAof $390 million increased 13% year over year
• Net sales increased 8% year over year
• Core sales increased 5% year over year
• Earnings Per Share of $0.50, including the impairment charge
• Adjusted EPSof $1.39
(1) All results include VAG operations.
(2) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in the Form 8-K filed with the Securities and Exchange Commission on May 14, 2018.
9. 9
INITIATING FISCAL YEAR 2019 OUTLOOK
Fiscal Year 2019 Outlook
• Outlook excludes VAG
• Core sales growth(1) in mid-single-digit percentage range(2)
• Adjusted EBITDA(1) in $420 - $440 million range(2)
• Free cash flow(1) to exceed net income(2)
• Anticipate reporting VAG results as Discontinued Operations beginning in 1QFY19
VAG generated revenue of $215 million in FY18
(1) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in the Form 8-K filed with the Securities and Exchange Commission on May 14, 2018.
(2) Forward-looking information and a non-GAAP measure. Although Rexnord can quantify certain elements, it is not able to quantify all variances from GAAP without unreasonable
efforts because certain factors are unknown at this time and out of Rexnord’s control.
10. 10
FY19 OUTLOOK(1) ADJUSTED EBITDA(2) BRIDGE
(1) Anticipating VAG results to be reported as Discontinued Operations beginning in the 1Q FY19.
(2) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in the Form 8-K filed with the Securities and Exchange Commission on May 14, 2018.
(3) The adoption of FASB ASU No. 2017-17 (in fiscal year 2019) requires changes to be applied retrospectively, reducing fiscal year 2018 Adjusted EBITDA by $3 million.
(4) Forward-looking information and a non-GAAP measure. Although Rexnord can quantify certain elements, it is not able to quantify all variances from GAAP without unreasonable
efforts because certain factors are unknown at this time and out of Rexnord’s control.
• +11-12% growth in
• Adjusted EBITDA at midpoint
• Assumes +MSD% core growth
• Assumes no acquisitions
• Excludes VAG(1)
390 386
430
31
13
360
370
380
390
400
410
420
430
440
FY18
Adjusted
EBITDA (2)
Pension
Accounting
Change (3)
VAG
FY18
Base Adj
EBITDA (2)
Growth
&
RBS
M&A
FY19E Adj
EBITDA (4)
Midpoint
Bridge to midpoint of $420 - $440 million range
(6)
(3) (1)
11. 11
4Q FY18 SUMMARY
(1) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in the
Form 8-K filed with the Securities and Exchange Commission on May 14, 2018.
(2) Net Sales in 4Q FY17 is adjusted for the RHF product line exit in FY17. All periods include VAG.
4Q FY18 4Q FY17 Change
Adjusted Net Sales (1,2)
$575 $503 14%
Growth from:
Core 7%
Acquisitions 4%
Translation 3%
Adjusted EBITDA (1)
$111 $98 13%
% of Sales 19.3% 19.5% (20 bps)
12. PROCESS & MOTION CONTROL
12
• Net sales growth was 15% year over year
• Core growth was 6% year over year
• Adjusted EBITDA margin increased by 150 bps
(1) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in
the Form 8-K filed with the Securities and Exchange Commission on May 14, 2018.
4Q FY18 4Q FY17 Change
Net Sales $361 $314 15%
Growth from:
Core 6%
Acquisitions 5%
Translation 4%
Adjusted EBITDA (1)
$86 $70 22%
% of Sales 23.8% 22.3% 150 bps
End-Market Outlook Assumed in Guidance
Industrial Distribution
US & Canada
Europe
Rest of World
Food & Beverage: Global
Commercial Aerospace: Global
Process Industries: Global
13. WATER MANAGEMENT
13
• Net sales growth was 13% year over year
• Core growth was 8% year over year
• Adjusted EBITDA margin reflects mix,
higher investment spending, MIC
(1) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in the Form
8-K filed with the Securities and Exchange Commission on May 14, 2018.
(2) Net Sales in 4Q FY17 is adjusted for the RHF product line exit in FY17. All periods include VAG results.
End-Market Outlook Assumed in Guidance
Industrial Distribution
US & Canada
Europe
Rest of World
Food & Beverage: Global
Commercial Aerospace: Global
Process Industries: Global
End-Market Outlook Assumed in Guidance
Nonresidential Construction: US & Canada
Commercial & Industrial
Institutional
Residential Construction: US & Canada
4Q FY18 4Q FY17 Change
Adjusted Net Sales (1,2)
$215 $190 13%
Growth from:
Core 8%
Acquisitions 2%
Translation 3%
Adjusted EBITDA (1)
$35 $34 2%
% of Sales 16.3% 18.0% (170 bps)
Z899 Elevator/Threshold
Drain System
14. CASH FLOW & BALANCE SHEET
14
(1) Net Debt Leverage is defined as the ratio of total debt less cash to pro forma LTM Adjusted EBITDA.
(2) Free Cash Flow is defined as Cash from Operations less Capital Expenditures, and is a Non-GAAP measure defined, reconciled, and discussed in the earnings release included in
the Form 8-K filed with the Securities and Exchange Commission on May 14, 2018. All periods include VAG results.
(3) Total Debt includes a New Market Tax Credit Receivable ($28), which is more than offset by an associated payable ($37) that is also included in Total Debt in all periods presented.
(4) Liquidity is defined as cash and cash equivalents plus available borrowing capacity.
3.7x 3.7x
3.8x
3.1x
2.8x 2.7x
2.5x
3.0x
3.5x
4.0x
Mar-14 Mar-15 Mar-16 Mar-17 31-Dec-17 31-Mar-18
Net Debt LeverageRatio (1)
139
197
167
141
188
(50)
0
50
100
150
200
250
FY14 FY15 FY16 FY17 FY18
Free Cash Flow ($ millions) (2)
1,944 1,912 1,893
1,595
1,295 1,328
0
500
1,000
1,500
2,000
2,500
Mar-14 Mar-15 Mar-16 Mar-17 31-Dec-17 31-Mar-18
Total Debt ($ millions) (3)
339 370
485 490
235 218
336
341
344 346
348 329
0
200
400
600
800
1,000
Mar-14 Mar-15 Mar-16 Mar-17 31-Dec-17 31-Mar-18
Total Liquidity ($ millions) (4)
Cash & Equivalents Available Borrowing Capacity
16. 16
FISCAL YEAR 2019 OUTLOOK
Core sales % growth(1) + Mid Single Digit
Adjusted EBITDA(1) $420 - $440 million
Free Cash Flow(1) > Net Income
Depreciation & Amortization(2) ~ $ 86 million
Interest Expense (LIBOR ≤ 2%) ~ $ 73 million
Effective Tax Rate(3) ~ 29%
Capital Expenditures ~ 2.2% of sales
(1) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in the Form 8-K filed with the Securities and Exchange Commission on May 14, 2018.
(2) Excludes an estimated $4 million of accelerated depreciation related to supply chain optimization and footprint repositioning actions which is excluded from Adjusted Net Income.
(3) As applied to calculation of Adjusted Net Income.
17. 17
FY18 PRO FORMA SALES BY END MARKET
Note: PMC data are pro forma for acquisition of Centa Power Transmission. Note: WM data are pro forma for acquisition of World Dryer, anticipated divestiture of VAG.
PROCESS & MOTION CONTROL WATER MANAGEMENT
18. 18
IF-CONVERTED INCREMENTAL SHARES
Mandatory Convertible Preferred Details
Offering Size ($millions) $ 402.5
Dividend Rate 5.75%
Annual Dividend ($millions) $ 23.1
Mandatory Conversion Date 11/15/2019
Use If-Converted Method to calculate diluted EPS, Only If Dilutive
1) Do not deduct preferred dividend from net income
2) Add indicated incremental shares to diluted share count
Incremental Shares
Average Common from Conversion
Stock Price (millions)
< $ 20.99 19.18
$ 20.99 19.18
21 19.17
22 18.30
23 17.50
24 16.77
25 16.10
25.19 15.98
> $ 25.19 15.98
19. 19
CALCULATING 4Q & FY18 DILUTED ADJUSTED EPS
Fourth Fiscal
Quarter Year
Ended Ended
($ millions, except per-share amounts) March 31, 2018 March 31, 2018
Base Methodology
Adjusted Net Income 45.9$ 147.2$
Weighted-Average Number of Shares: Diluted (thousands) 106,697 105,999
Earnings Per Share: Diluted (Base Method) 0.43$ 1.39$
If-Converted Methodology
Adjusted Net Income 45.9$ 147.2$
Add Back Dividends 5.8 23.2
Adjusted Net Income Attributable to Rexnord Common Stockholders 51.7$ 170.4$
Weighted-Average Number of Shares: Diluted (thousands) 106,697 105,999
Add Adjustment for Conversion of Preferred Stock into Common Stock (thousands) 15,979 15,986
Adjusted Weighted-Average Shares: Diluted (thousands) 122,676 121,985
Earnings Per Share: Diluted (If-Converted Method) 0.42$ 1.40$
20. 20
4Q FY18 NON-GAAP ADJUSTMENTS AFTER TAX
(1) Other, net includes the impact of foreign currency transactions and other miscellaneous expenses.
(2) The tax rates used to calculate adjusted net income are based on a transaction-specific basis at the applicable jurisdictional rate.
(3) Non-GAAP measure defined, reconciled, and discussed in the earnings release included in the Form 8-K filed with the Securities and Exchange Commission on May 14, 2018.
Adjustment Type ($ millions)
Restructuring & Other Similar Charges 7.2$ (2.4)$ 4.8$
Non-controlling interest 0.1 - 0.1
Amortization of Intangible Assets 8.8 (3.0) 5.8
Accelerated Depreciation 1.3 (0.5) 0.8
Purchase Accounting FV Adjustment 0.9 (0.3) 0.6
Actuarial gain on pension obligations (3.3) 1.1 (2.2)
Other, net(1)
1.1 (0.7) 0.4
Nonrecurring US Tax Reform Adjustment - (7.8) (7.8)
Goodwill impairment 111.2 - 111.2
Dividends on Preferred Stock 5.8 - 5.8
Total Adjustments 133.1$ (13.6)$ 119.5$
Impact on
Adjusted
Net Income (3)
Pretax
Adjustment
Income
Tax
Provision (2)
21. 21
RECONCILIATION OF ADJUSTED EBITDA
(1) Includes the impact of foreign currency transactions, sale of long-lived assets, and other miscellaneous expenses. See "Management Discussion and Analysis of
Financial Condition and Results of Operations" in the Company's Form 10-K for the year ended March 31, 2018 for further information.
(2) During fiscal 2016, the Company announced its decision to exit the RHF flow control gate product line within its Water Management platform. The fiscal 2017 operating
losses (excluding restructuring and other similar charges) is not included in Adjusted EBITDA in accordance with our credit agreement.
(S millions)
Adjusted EBITDA March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017
Net (loss) income attributable to Rexnord common stockholders $ (67.8) $ 21.6 $ 52.7 $ 66.8
Dividends on preferred stock 5.8 5.8 23.2 7.3
Non-controlling interest income 0.1 - 0.1 -
Income tax provision (benefit) 7.5 11.2 (19.5) 7.9
Loss on debt extinguishment - - 11.9 7.8
Other expense, net (1)
0.6 1.9 3.1 5.2
Interest expense, net 16.7 19.3 75.6 88.7
(Loss) Income from operations $ (37.1) $ 59.8 $ 147.1 $ 183.7
Adjustments
Depreciation and amortization $ 24.4 $ 26.3 $ 89.7 $ 105.4
Actuarial gain on pension obligations (3.3) (2.6) (3.3) (2.6)
Restructuring and other similar charges 7.2 9.9 18.8 31.6
Goodwill impairment 111.2 - 111.2 -
Acquisition-related fair value adjustment 0.9 - 1.8 4.3
Stock-based compensation expense 4.6 3.6 20.5 13.4
Impact of RHF product line exit (2)
- 2.7 - 12.2
Last-in first-out inventory adjustments 2.6 (2.1) 3.3 (2.3)
Other, net (1)
0.5 0.4 0.9 0.8
Subtotal of adjustments 148.1 38.2 242.9 162.8
Adjusted EBITDA $ 111.0 $ 98.0 $ 390.0 $ 346.5
Fourth Quarter Ended Fiscal Year Ended
22. 22
RECONCILIATION OF ADJUSTED NET INCOME
(1) Represents accelerated depreciation and other non-cash expenses associated with our strategic supply chain optimization and footprint repositioning initiatives.
(2) During fiscal 2016, the Company announced its decision to exit the RHF flow control gate product line within its Water Management platform. To enhance comparability between historical periods,
the pre-tax loss of the RHF product line exit has been excluded from our fiscal 2017 Adjusted earnings per share.
(3) Other, net includes the impact of foreign currency transactions, sale of long-lived assets, and other miscellaneous expenses. See "Management Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's Form 10-K for the year ended March 31, 2018 for further information.
(S millions)
Adjusted Net Income and Earnings Per Share March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017
Net (loss) income attributable to Rexnord common stockholders $ (67.8) $ 21.6 $ 52.7 $ 66.8
Supply chain optimization and footprint repositioning initiatives (1)
1.3 4.4 2.3 9.6
Non-controlling interest income 0.1 - 0.1 -
Actuarial gain on pension obligations (3.3) (2.6) (3.3) (2.6)
Impact of RHF product line exit (2)
- 2.7 - 12.7
Restructuring and other similar charges 7.2 9.9 18.8 31.6
Acquisition-related fair value adjustment 0.9 - 1.8 4.3
Amortization of intangible assets 8.8 8.4 33.6 42.1
Loss on Debt Extinguishment - - 11.9 7.8
Other, net (3)
1.1 2.3 4.0 6.0
Dividends on Preferred Stock 5.8 5.8 - 7.3
Goodwill impairment 111.2 - 111.2 -
Nonrecurring U.S. Tax Reform adjustment (7.8) - (62.6) -
Tax effect on above items (5.8) (9.3) (23.3) (39.3)
Adjusted net income $ 51.7 $ 43.2 $ 147.2 $ 146.3
GAAP diluted net (loss) income per share attributable to Rexnord
common stockholders $ (0.65) $ 0.21 $ 0.50 $ 0.64
Adjusted earnings per share - diluted $ 0.42 $ 0.35 $ 1.39 $ 1.32
GAAP diluted weighted-average shares 104,094 104,968 105,999 104,784
Diluted weighted-average shares for Adjusted EPS calculation 122,676 122,977 105,999 110,617
Fourth Quarter Ended Fiscal Year Ended