| --- | --- | |-------------------------------------|-------| | | | | | | | | | | | | | Third Quarter 2024 Earnings Release | | | October 30, 2024 | | | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Core Viewpoint - Fortive reported a revenue of $1.53 billion for the quarter ended September 2024, reflecting a year-over-year increase of 2.7% but a slight miss against the Zacks Consensus Estimate of $1.55 billion [1] Financial Performance - Earnings per share (EPS) for the quarter was $0.97, up from $0.85 in the same quarter last year, representing a surprise of +4.30% against the consensus estimate of $0.93 [1] - Sales in Intelligent Operating Solutions reached $661.20 million, which was below the estimated $680.57 million, marking a +2.6% change year-over-year [3] - Advanced Healthcare Solutions generated sales of $322.50 million, exceeding the estimated $314.27 million, with a +0.9% change compared to the previous year [3] - Precision Technologies reported sales of $550.90 million, slightly below the estimated $552.71 million, reflecting a +3.8% change year-over-year [3] Adjusted Operating Profit - Adjusted Operating Profit (Non-GAAP) for Precision Technologies was $145.30 million, surpassing the average estimate of $141.44 million [3] - Adjusted Operating Profit (Non-GAAP) for Intelligent Operating Solutions was $214.70 million, below the average estimate of $225.54 million [3] - Adjusted Operating Profit (Non-GAAP) for Advanced Healthcare Solutions was $86.10 million, exceeding the average estimate of $80.23 million [3] Operating Profit - Operating Profit for Advanced Healthcare Solutions was $41 million, above the estimated $34.26 million [3] - Operating Profit for Intelligent Operating Solutions was $167.70 million, below the estimated $174.78 million [3] - Operating Profit for Precision Technologies was $122 million, slightly above the estimated $120.29 million [3] - Operating Profit for Other segments was -$35.20 million, worse than the estimated -$28.63 million [3] Stock Performance - Fortive's shares have returned -3.9% over the past month, contrasting with the Zacks S&P 500 composite's +1.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Fortive (FTV) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.30%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.92 per share when it actually produced earnings of $0.93, delivering a surprise of 1.09%.Over the last four quarters, the com ...

Exhibit 99.1 Fortive Reports Strong Third Quarter 2024 Results Raises Full Year 2024 Outlook • Strong earnings and cash flow performance, above the high-end of Q3 guidance • Delivered consistent revenue growth of 3% year-over-year to $1.54 billion • Operating profit margin was 19%, with adjusted operating profit margin of 27%, up 90 bps yearover-year • GAAP diluted EPS of $0.63, adjusted diluted EPS of $0.97, up 14% year-over-year; reported operating cash flow of $459 million and free cash flow of $431 mill ...

In its upcoming report, Fortive (FTV) is predicted by Wall Street analysts to post quarterly earnings of $0.93 per share, reflecting an increase of 9.4% compared to the same period last year. Revenues are forecasted to be $1.55 billion, representing a year-over-year increase of 3.6%. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Pri ...

Fortive Corporation (FTV) is scheduled to release third-quarter 2024 earnings on Oct. 30, before the closing bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Management expects total revenues to be in the range of $1.535-$1.560 billion. The Zacks Consensus Estimate for revenues is currently pegged at $1.55 billion, suggesting an increase of 3.5% from the prior-year quarter's level. Non-GAAP earnings per share (EPS) are estimated to be in the range of 92-95 cents. The Zacks Con ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Fortive (FTV) , which belongs to the Zacks Electronics - Testing Equipment industry. When looking at the last two reports, this industrial conglomerate has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.08%, on average, in the last two quarters. For the most recent quarter, Fortive was expected to post earning ...

Austin, TX, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Accruent, the leading provider of workplace and asset management solutions and an operating company of Fortive (NYSE: FTV), will present its forwardlooking vision for the built environment at Accruent Insights 2024, the company's annual user conference. Attendees will discover the latest innovations, including how connected products enhance workflow efficiency, modern strategies revolutionizing space planning, and how to enhance data and security across product ...

(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) LightRocket via Getty Images Deal Overview On September 04, 2024, Fortive Corporation (NYSE: FTV, $75.71; Market Cap: $26.52 billion) announced its plans to spin-off its Precision Technologies segment ("NewCo"). The spin-off will result in the formation of two separate publicly traded companies, each with distinct business models and customized investment and capital allocation strategies. Post separation, Fortive (stub) will in ...

Eindhoven, Netherlands, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Eindhoven, Netherlands. 17th July 2024: Fluke, a global technology leader in the manufacture of compact, professional electronic test and measurement tools and software, has launched the new Fluke 1670 Series Multifunction Installation Tester which can cut by up to 50% the amount of time electricians and maintenance technicians spend producing reports. Designed by Fluke to represent the future of installation testing and become "the most important t ...