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 ...

Survey of 400+ OEMs, technicians, and installers also reveals 75% commit to long-term outsourcing of solar maintenance Fluke Outsourcing Solar Maintenance Survey Fluke survey reveals growing trend with 55% of companies outsourcing solar maintenance Everett, Washington, April 02, 2025 (GLOBE NEWSWIRE) -- Summary: 55% of companies surveyed outsource the majority of their solar maintenanceIn the U.S. that figure is 54% compared to 60% in Germany and 48% in the UK75% of companies indicate they will continue ...

Financial Liabilities and Risks - The company may face unexpected liabilities from acquisition agreements, which could adversely affect financial results [129]. - Significant debt may be incurred from acquisitions, investments, or joint ventures, potentially leading to increased borrowing costs and diminished access to capital markets [127]. - The company has retained responsibility for known and unknown contingent liabilities related to divested businesses, which could negatively impact financial results [130]. - The company may face civil and criminal liabilities under the federal False Claims Act for submitting false claims to the government [138]. - Regulatory compliance failures could lead to significant penalties and damage to the company's reputation, impacting financial performance [137]. - Environmental, health, and safety liabilities could result in significant costs and adversely affect the company's reputation and financial results [135]. - Changes in effective tax rates or exposure to additional tax liabilities could affect the company's profitability [140]. - The company may incur significant liability if its separation transactions are determined to be taxable [141]. - Compliance with regulations may require significant expenses and could impair the company's flexibility in modifying business strategies [139]. - The company is subject to audits by tax authorities which could result in unfavorable adjustments to tax liabilities [140]. Acquisitions and Integration - The company may experience difficulties in integrating acquired businesses, which could affect operational efficiency and financial outcomes [127]. - The company acquired EA Elektro-Automatik Holding GmbH for a purchase price of $1.72 billion, with estimated fair value of finite-lived intangible assets at $681.2 million [300]. - The acquisition of EA Elektro-Automatik Holding GmbH constituted approximately 12% of the company's total assets and less than 2% of total revenues for the year ended December 31, 2024 [284]. - For the year ended December 31, 2024, the company incurred $33.2 million in pretax transaction-related costs associated with the EA acquisition [367]. - The fair value of net assets acquired from EA included $18.1 million in accounts receivable, $34.4 million in inventories, and $1,175 million in goodwill [369]. - In 2023, the company made four acquisitions in the Intelligent Operating Solutions segment for a total cash consideration of $101.4 million, resulting in $57.3 million of goodwill [370]. - The company recorded a net realized loss of $25.6 million from the divestiture of Invetech, which accounted for less than 1.0% of total revenue for the fiscal year ended December 31, 2023 [371]. Financial Performance - Total sales for the year ended December 31, 2024, reached $6,231.8 million, an increase of 2.74% from $6,065.3 million in 2023 [305]. - Gross profit for 2024 was $3,731.0 million, compared to $3,594.1 million in 2023, reflecting a gross margin improvement [305]. - Net earnings for 2024 were $832.9 million, a decrease of 3.3% from $865.8 million in 2023 [305]. - Basic net earnings per share for 2024 were $2.39, down from $2.46 in 2023 [305]. - The company reported a comprehensive income of $693.6 million for 2024, down from $865.4 million in 2023 [308]. - Research and development expenses for 2024 were $414.0 million, compared to $397.8 million in 2023, indicating a focus on innovation [305]. - The company’s goodwill increased to $10,156.0 million in 2024 from $9,121.7 million in 2023, reflecting the impact of the acquisition [303]. - Net cash provided by operating activities increased to $1,526.8 million in 2024, up from $1,353.6 million in 2023, representing a growth of 12.8% [314]. - The company reported a net cash used in investing activities of $1,796.0 million in 2024, significantly higher than $195.4 million in 2023, primarily due to cash paid for acquisitions [314]. Debt and Capital Structure - The company had approximately $3.7 billion of long-term debt as of December 31, 2024 [144]. - The company’s ability to satisfy debt obligations depends on future operating performance and economic factors [145]. - As of December 31, 2024, the current portion of long-term debt was $376.2 million, while long-term debt, net of current maturities, was $3,331.1 million [387]. - The company issued Euro-denominated senior unsecured notes with net proceeds of approximately $1.3 billion, which were used to refinance existing debt and for general corporate purposes [408]. - The company entered into a delayed-draw term loan facility of up to $1.3 billion, drawing down $550 million and $450 million for the acquisition of EA, with $1.0 billion outstanding [420]. - The company repaid $250 million of the Delayed-Draw Term Loan Due 2023 on August 24, 2023, and the remaining $750 million on December 14, 2023 [421]. Tax and Deferred Tax - Total deferred tax assets decreased from $524.6 million in 2023 to $512.5 million in 2024, a reduction of approximately 2.0% [455]. - Total deferred tax liabilities increased from $1,033.4 million in 2023 to $1,156.0 million in 2024, an increase of approximately 11.9% [455]. - The net deferred tax liability rose from $508.8 million in 2023 to $643.5 million in 2024, reflecting an increase of approximately 26.4% [455]. - Deferred tax assets related to tax credit and loss carryforwards increased from $377.7 million in 2023 to $432.9 million in 2024, an increase of approximately 14.6% [455]. - Valuation allowances for deferred tax assets increased from $282.4 million in 2023 to $311.8 million in 2024, an increase of approximately 10.4% [455]. Revenue Recognition and Sales - The company recognized revenue from product sales, including software and SaaS offerings, when control is transferred to customers [339]. - Total sales of services in 2024 were $949.5 million, up from $927.6 million in 2023, reflecting a growth of 2.03% [446][447]. - Sales of products and software reached $5,282.3 million in 2024, up from $5,137.7 million in 2023, indicating a growth of 2.83% [446][447]. - The United States contributed $3,372.0 million to total revenue in 2024, compared to $3,288.4 million in 2023, reflecting an increase of 2.55% [446][447]. - Direct sales in the healthcare sector amounted to $1,451.8 million in 2024, a slight increase from $1,431.7 million in 2023, showing a growth of 1.77% [446][447]. Pension and Employee Benefits - The company recorded a funded status of $(2.9) million for U.S. Pension Benefits and $(70.6) million for Non-U.S. Pension Benefits as of December 31, 2024 [425]. - The net periodic pension cost for U.S. pension benefits decreased to $0.1 million in 2024 from $0.4 million in 2023, while non-U.S. pension benefits decreased to $3.3 million from $5.1 million [429]. - The company contributed $1 million to its U.S. defined benefit pension plan and $8 million to its non-U.S. plan in 2024, with similar contributions expected in 2025 [435].

Core Insights - A Fluke survey indicates that 68% of respondents believe the EV industry is lagging in adoption, yet 92% are confident in the long-term success of EV charging infrastructure due to current standards and regulations [1][2]. Industry Challenges - 47% of respondents feel the industry is 25-50% behind the adoption curve, while 17% believe it is over 50% behind [2]. - 40% of U.S. respondents predict that widespread charger availability will not meet demand for up to seven years or longer [2]. - Charger maintenance is a primary concern, with 36% of respondents identifying it as a key challenge [3]. - 44% of respondents cite inoperable chargers as a significant hurdle, and 40% point to software incompatibility as another major obstacle [3][9]. Workforce Development - 88% of respondents highlight a critical skills gap within the EV workforce, indicating an urgent need for training and development [3]. - Key factors for a successful EV charging strategy include predictive maintenance (32%) and artificial intelligence (31%) [4][9]. Infrastructure Reliability - The survey emphasizes the need for resilient infrastructure design, remote monitoring, and standardized best practices to ensure the reliability and efficiency of the EV charging ecosystem [5]. - The EV industry is at a pivotal moment, with a critical need to close maintenance gaps and upskill technicians to ensure optimal performance at every charging point [6].

Shares of Fortive Corp FTV were climbing in early trading on Monday, despite the company reporting disappointing fourth-quarter revenues.Here are some key analyst takeaways:RBC Capital Markets analyst Deane Dray reiterated a Sector Perform rating, while raising the price target from $77 to $80.Truist Securities analyst Jamie Cook maintained a Buy rating and price target of $90.Check out other analyst stock ratings.RBC Capital Markets: Fortive's adjusted cash earnings of $1.17 per share came in 6 cents highe ...

Core Insights - Fortive Corporation reported fourth-quarter 2024 adjusted EPS of $1.17, exceeding the Zacks Consensus Estimate by 4.5% and reflecting a year-over-year increase of 19.4% [1] - Revenues for the quarter rose 2.3% year over year to $1.62 billion, although this figure missed the Zacks Consensus Estimate by 0.5% [2] - The company plans to separate its Precision Technologies business into an independent publicly traded company named Ralliant, expected to close in early Q3 2025 [3] Financial Performance - The Intelligent Operating Solutions segment generated revenues of $710.8 million, contributing 43.9% to total revenues, up 4.1% year over year [5] - Precision Technologies segment revenues totaled $567.7 million, down 0.4% year over year [5] - Advanced Healthcare Solutions reported revenues of $341.8 million, up 3.2% year over year [5] - Gross profit increased 3.1% to $977.2 million, with an adjusted operating margin of 28.7%, up 1% year over year [6] Cash Flow and Share Repurchase - Fortive used its second-half free cash flow to repurchase about 10 million shares, representing 80% of its free cash flow [4] - As of December 31, 2024, cash and cash equivalents were $813.3 million, with operating cash flow of $502.2 million for the fourth quarter [7] Future Outlook - For 2025, Fortive anticipates revenues between $6.23 billion and $6.35 billion, with core revenue growth of 1.5% to 3.5% [8] - Adjusted diluted EPS is expected to be between $4 and $4.12, reflecting a year-over-year increase of 3% to 6% [8] - For Q1 2025, core revenues are expected to be flat, with adjusted EPS projected between 83 cents and 86 cents [10]

Core Viewpoint - Fortive Corporation held its Q4 2024 Earnings Conference Call on February 7, 2025, to discuss financial results and future expectations [1][2]. Group 1: Company Overview - The call featured key participants including Elena Rosman (Vice President of Investor Relations), James Lico (President and CEO), and Charles McLaughlin (Senior Vice President and CFO) [1][3]. - The company presented certain non-GAAP financial measures during the call, with additional information available on their website [3]. Group 2: Financial Reporting - The statements made during the call included forward-looking statements regarding anticipated future events or developments [4].

Financial Data and Key Metrics Changes - Fortive reported better-than-expected performance in Q4 2024, with gross margins at 60% and adjusted operating margins nearing 27% [9] - Adjusted earnings per share (EPS) was $1.17, reflecting a 19% year-over-year increase, and record Q4 free cash flow reached $465 million, up 13% year-over-year [22] - For the full year, adjusted EPS was $3.89, up 13%, with record free cash flow of $1.4 billion, representing 23% free cash flow margins [23] Business Line Data and Key Metrics Changes - Intelligent Operating Solutions (iOS) and Advanced Healthcare Solutions (AHS) combined revenues grew 4% in Q4, with adjusted operating margins up 140 basis points to over 33% [24] - Precision Technologies (PT) experienced a core revenue decline of 3% in Q4, with adjusted operating margins contracting 200 basis points [28] - AHS grew core revenue by 5% in Q4, with FX headwinds impacting total growth by approximately 150 basis points [26] Market Data and Key Metrics Changes - Core revenue growth in China continued to be muted, impacting overall performance [21] - The company expects stable underlying industrial demand in North America and Western Europe, while anticipating a slowdown in China [35] Company Strategy and Development Direction - Fortive is focused on accelerating its strategy and enhancing value creation, with plans for the separation of Precision Technologies into a new company named Ralliant, expected to close early in Q3 2025 [11][45] - The company aims to prioritize the return of capital to shareholders, utilizing record free cash flow for share repurchases [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving core sales growth and strong operating performance for 2025, despite a mixed demand environment [10] - The company anticipates a gradual recovery in Precision Technologies, driven by investments in power infrastructure and aerospace and defense markets [37] Other Important Information - The company achieved several record financial metrics in 2024, including a five-year average core growth acceleration to mid-single digits and significant margin expansions [13][14] - Fortive's commitment to the Fortive Business System (FBS) has driven innovation and sustained performance [15] Q&A Session Summary Question: Can you provide insights on the product side of the business, particularly iOS and AHS? - Management noted strong performance in software and healthcare, with resilient product innovation at Fluke, despite some headwinds in consumables and service parts [56][57] Question: What factors are influencing the Precision Technologies organic sales guidance? - Management indicated that the first quarter would see mid-single-digit declines, with expectations for improvement in the second half of the year due to easier comps and market recovery [68][70] Question: How are tariffs impacting the business? - Management stated that they have enacted measures to counteract the impact of tariffs, particularly in China, and do not expect significant disruptions [78][79] Question: What is the outlook for the semiconductor market? - Management highlighted strong order growth in high-speed computing and defense sectors, while noting challenges in the consumer electronics segment [107][212] Question: Can you elaborate on the growth expectations for the software assets? - Management reported high single-digit growth for software assets, with strong performance from Gordian and Accruent, and improvements in profitability [155][157] Question: What are the expectations for growth in the utilities and power vertical? - Management expects continued strong demand in the utilities sector, particularly from Qualitrol, with double-digit growth anticipated [163][165] Question: How is the company addressing capacity constraints in Qualitrol? - Management indicated that they are ramping up production capacity to meet strong demand, expecting continued double-digit growth [266] Question: What is the expected impact of the spin-off on the company's financials? - Management expects the spin-off to enhance focus and operational efficiency, with both companies positioned for strong free cash flow generation [232][233]

Fourth Quarter 2024 Earnings Release February 7, 2025 Forward Looking Statements & Non-GAAP Financial Measures Statements in this presentation that are not strictly historical, including statements regarding anticipated financial results, 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 separation, interest rate and current exchange rate impact, future pro ...

Core Insights - Fortive (FTV) reported revenue of $1.62 billion for Q4 2024, a year-over-year increase of 2.3%, with an EPS of $1.17 compared to $0.98 a year ago [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $1.63 billion, resulting in a revenue surprise of -0.49%, while the EPS exceeded expectations by +4.46% [1] Financial Performance Metrics - Sales in Intelligent Operating Solutions reached $710.80 million, exceeding the estimated $697.56 million, reflecting a year-over-year increase of +4.1% [4] - Sales in Advanced Healthcare Solutions were $341.80 million, below the estimated $352.61 million, showing a year-over-year decline of -2.8% [4] - Sales in Precision Technologies amounted to $567.70 million, slightly below the estimated $578.15 million, with a year-over-year increase of +3.4% [4] Operating Profit Analysis - Operating profit for Precision Technologies was reported at $113.60 million, below the average estimate of $142.50 million [4] - Operating profit for Intelligent Operating Solutions was $199.60 million, exceeding the average estimate of $184.54 million [4] - Operating profit for Advanced Healthcare Solutions was $46.90 million, slightly below the average estimate of $47.69 million [4] Adjusted Operating Profit - Adjusted operating profit (Non-GAAP) for Advanced Healthcare Solutions was $93.10 million, below the average estimate of $97.89 million [4] - Adjusted operating profit (Non-GAAP) for Intelligent Operating Solutions was $256.40 million, exceeding the average estimate of $244.04 million [4] - Adjusted operating profit (Non-GAAP) for Precision Technologies was $147.40 million, below the average estimate of $157.25 million [4] Stock Performance - Fortive's shares have returned +4% over the past month, outperforming the Zacks S&P 500 composite's +1.9% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]