Fortive Corp

FTV

Equity

ISIN US34959J1088 / Valor 32786609

New York Stock Exchange, Inc (2024-09-18)

USD 75.71+1.31%

Fortive Corp
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About company

Fortive Corp is a diversified industrial technology company known for its focus on developing and deploying solutions across various sectors. The company operates through several business segments, including test and measurement, transportation technologies, and industrial technologies. Fortive's commitment to innovation is evident in its strategic market expansion into key global regions such as China, Japan, India, and the Middle East. The leadership team, including individuals with extensive experience in both Fortive and other notable organizations like Danaher Corporation, plays a crucial role in guiding the company's strategic direction and fostering a culture of continuous learning and growth. With a portfolio that addresses critical areas of operation for its clients, Fortive is positioned as a key player in the industrial technology space, leveraging its expertise to drive efficiency and productivity for businesses around the world.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

For the second quarter of 2024, Fortive Corp reported a revenue increase of 2% year-over-year, reaching $1.55 billion. This growth included flat core revenue growth, indicating resilience in their business operations despite market challenges.

Operating Profit Margin

Fortive Corp achieved an operating profit margin of 19% for the second quarter of 2024. When adjusted, the operating profit margin was 27%, which is an increase of 90 basis points compared to the same period last year.

Earnings Per Share

In the second quarter of 2024, Fortive Corp reported GAAP diluted earnings per share (EPS) of $0.55. On an adjusted basis, the diluted EPS was $0.93, which was at the high end of their guidance range.

Cash Flow

Fortive Corp generated an operating cash flow of $309 million in the second quarter of 2024. The free cash flow for the same period was $280 million, both figures surpassing the company's guidance.

Full-Year Outlook

For the full year 2024, Fortive Corp has provided a strong outlook with anticipated GAAP diluted EPS ranging from $2.68 to $2.74, reflecting a year-over-year increase of 10% to 13%. The adjusted diluted EPS is expected to be between $3.80 and $3.86, marking an 11% to 13% increase year-over-year.

Summarized from source with an LLMView Source

Key figures

-0.98%1Y

4.08%3Y

27.3%5Y

Performance

22.7%1Y

24.8%3Y

30.0%5Y

Volatility