Fortive Corporation (FTV) has announced its plans to pursue a tax-free spin-off of its Precision Technologies segment and form two independent, publicly traded companies with separate business models and investment policies. The spin-off is expected to be completed in the fourth quarter of 2025, pending certain conditions. Post this announcement, the stock gained 3.5% in the pre-market trading hours on Sept. 5. The spin-off will involve pro rata distribution of shares of the new company holding the Precisio ...

It has been about a month since the last earnings report for Fortive (FTV) . Shares have added about 3.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Fortive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Fortive Q2 Earnings Beat Estimates Fortive reported s ...

Austin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Accruent, the leading provider of workplace and asset management solutions and an operating company of Fortive (NYSE: FTV), today announced the appointment of Richard Leurig to President. Leurig will oversee company strategy and contribute to the organization's continued growth and product innovation. Prior to his promotion to President, Leurig served as Accruent's Chief Product and Technology Officer for more than two years. In this role, Leurig successfully spearh ...

Over the last 8 years, we have been intentional about building a proven tool set around how we prioritize and develop new products, bring them to market faster, drive greater returns on R&D investments and deliver differentiated value for our customers. We have several examples of how our increased innovation velocity is contributing to core growth with a pipeline of new products, including in Q2 Fluke launched its new EV charging station analyzer, which allows technicians to perform multiple tests with a s ...

2 4 6 8 FBS Growth & Innovation Acceleration More Growth, More Productivity Innovation revenue opportunity since 2021 DURABLE, HIGH-GROWTH COMPOUNDING CREATING SHAREHOLDER VALUE Figures on this page beyond 2024 represent management's strategic targets, 2024 represents midpoint of current guide • Balanced end market outlook, narrowed FY EPS outlook | --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | --- | --- | |----------------------------------------------- ...

The reported revenue represents a surprise of -0.61% over the Zacks Consensus Estimate of $1.56 billion. With the consensus EPS estimate being $0.92, the EPS surprise was +1.09%. Here is how Fortive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: For the quarter ended June 2024, Fortive (FTV) reported revenue of $1.55 billion, up 1.7% over the same period last year. EPS came in at $0.93, compared to $0.85 in the year-ago quarter. Si ...

Fortive (FTV) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.09%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.79 per share when it actually produced earnings of $0.83, delivering a surprise of 5.06%. Over the last four quarters, the co ...

Exhibit 99.1 Fortive Reports Strong Second Quarter 2024 Results Narrows Full Year 2024 Outlook EVERETT, WA, July 24, 2024 - Fortive Corporation ("Fortive") (NYSE: FTV) today announced financial results for the second quarter of 2024. For the second quarter, net earnings were $195 million. For the same period, adjusted net earnings were $329 million. Diluted net earnings per share for the second quarter were $0.55. For the same period, adjusted diluted net earnings per share were $0.93. For the second quarte ...

The company has a trailing four-quarter earnings surprise of 3.6%, on average. Shares of Fortive have risen 2.1% in the past year compared with the sub-industry's growth of 7.3%. Our proven model predicts an earnings beat for Fortive this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Fortive Corporation (FTV) is scheduled to release second-quarter 2024 results on Jul 24. Non-GAAP earnings per share (EPS) ...

Wall Street analysts forecast that Fortive (FTV) will report quarterly earnings of $0.92 per share in its upcoming release, pointing to a year-over-year increase of 8.2%. It is anticipated that revenues will amount to $1.56 billion, exhibiting an increase of 2.3% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projectio ...