Fortive Corporation (FTV) reported first-quarter 2025 adjusted earnings per share (EPS) of 85 cents, which came in line with the Zacks Consensus Estimate. The bottom line increased 2.4% year over year.Revenues declined 3.3% year over year to $1.47 billion. The top line missed the Zacks Consensus Estimate by 1.2%. Core revenues decreased 1.7% year over year.(See the Zacks Earnings Calendar to stay ahead of market-making news.)The year-over-year decline in the top line was due to softness in the Precision Tec ...

Fortive (FTV) Q1 2025 Earnings Call May 01, 2025 12:00 PM ET Company Participants Elena Rosman - VP of IRJim Lico - President & CEOMark Okerstrom - CFOScott Davis - CEO & ChairmanSteve Tusa - Managing DirectorJoseph Giordano - Managing DirectorJeffrey Sprague - Founder and Managing PartnerBrad Hewitt - VP - Equity ResearchAndrew Obin - MD - Equity ResearchAndrew Kaplowitz - Managing DirectorChris Snyder - Executive DirectorDeane Dray - Managing Director Conference Call Participants Julian Mitchell - Equity ...

Financial Data and Key Metrics Changes - Fortive reported adjusted earnings per share of $0.85, which is in line with expectations, reflecting a 2% year-over-year growth [5][14] - Core revenue declined by 2% year-over-year, slightly below expectations, with total revenue down 3% due to foreign exchange headwinds [13][14] - Adjusted operating profit was $373 million, with adjusted operating margin expansion of 20 basis points [14] - Adjusted free cash flow was better than expected at $222 million, with a 7% increase in six-month growth [14][27] Business Line Data and Key Metrics Changes - Intelligent Operating Solutions (IOS) segment grew core revenues by 2%, while Advanced Healthcare Solutions (AHS) grew by 2.5% [16][18] - Precision Technologies (PT) segment experienced an 8.4% core revenue decline, driven by lower orders in Test and Measurement and shipment delays in Sensors and Safety Systems [13][20] - IOS segment adjusted operating margins expanded by 150 basis points, while AHS saw a 70 basis point contraction in adjusted operating margins [17][19] Market Data and Key Metrics Changes - North America showed stable industrial demand, while Europe and China faced a more challenging macro environment [16] - The company expects China to be down high single digits for the year, reflecting increased challenges [126] - Overall, North America is anticipated to remain the strongest market for Fortive [125] Company Strategy and Development Direction - Fortive is focusing on enhancing supply chain resilience, having reduced exposure to imports from China by 70% since 2018 [7][23] - The company is targeting the completion of its separation by the end of the second quarter, which is expected to unlock shareholder value [30][32] - Fortive aims to increase its recurring revenue mix from approximately 40% to roughly 50% post-separation [30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a more dynamic macro environment and moderating demand in PT, with expectations for a modest improvement in the segment [7][28] - The company is implementing countermeasures to mitigate tariff impacts, estimating a gross tariff impact of $190 million to $220 million [24][27] - Management remains confident in the ability to navigate current challenges and deliver best-in-class net working capital performance [27][30] Other Important Information - The company announced the appointment of a new CFO, Mark Okerstrom, who is expected to drive additional shareholder value [8][10] - Fortive's strategic approach includes pricing adjustments and optimizing sourcing and logistics to mitigate tariff impacts [25][26] Q&A Session Summary Question: Clarification on localizing production - Management indicated that localizing production involves accelerating existing plans rather than building new capacity in the U.S. [41][42] Question: Insights on Test and Measurement decline - The decline was attributed to customers delaying orders due to increased policy and macro uncertainty, with expectations for recovery pushed to 2026 [44][46] Question: Volatility in Test and Measurement industry - The volatility is linked to the sector's exposure to R&D investments, which customers can delay amid economic uncertainty [53][55] Question: Clarification on tariff impacts - Management clarified that the estimated tariff impact for 2025 is around $200 million, with plans to offset about 80% of it [82][90] Question: Expectations for North America and Western Europe - North America is expected to perform well, while China is anticipated to face challenges, with a projected decline in revenue [125][126]

For the quarter ended March 2025, Fortive (FTV) reported revenue of $1.47 billion, down 3.3% over the same period last year. EPS came in at $0.85, compared to $0.83 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of -1.22%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.85.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Fortive (FTV) came out with quarterly earnings of $0.85 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this industrial conglomerate would post earnings of $1.12 per share when it actually produced earnings of $1.17, delivering a surprise of 4.46%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Fortive, which belongs ...

First Quarter 2025 Earnings Release May 1, 2025 Forward Looking Statements & Non-GAAP Financial Measures Statements in this presentation that are not strictly historical, including statements regarding anticipated financial results, impact of trade policies, including tariffs and the application thereof, global and regional economic conditions, industry trends, geopolitical events, our plans to separate into two independent, publicly-traded companies, including the timing and cost related to the planned sep ...

Exhibit 99.1 Fortive Reports First Quarter 2025 Results EVERETT, WA, May 1, 2025 - Fortive Corporation ("Fortive") (NYSE: FTV) today announced financial results for the first quarter of 2025. For the first quarter, net earnings were $172 million. For the same period, adjusted net earnings were $292 million. Diluted net earnings per share for the first quarter were $0.50. For the same period, adjusted diluted net earnings per share were $0.85. For the first quarter, revenues decreased 3% year-over-year to $1 ...

Analysts on Wall Street project that Fortive (FTV) will announce quarterly earnings of $0.85 per share in its forthcoming report, representing an increase of 2.4% year over year. Revenues are projected to reach $1.49 billion, declining 2.1% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 1.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates duri ...

Fortive (FTV) shares soared 8.3% in the last trading session to close at $67.76. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.7% loss over the past four weeks.The increase in share price can be linked to President Trump’s announcement of a 90-day suspension on reciprocal tariffs, excluding China. This news caused stock market indices to surge, which in turn boosted the value of many stocks, including Fortive.In addition to ...

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