Key Takeaways Fortive posted Q4 adjusted EPS of $0.90 on $1.12B revenues, beating estimates and lifting shares about 11%.FTV saw Intelligent Operating Solutions revenues rise 5.3% to $769.7M, with segment margins expanding 50 bps.Fortive repurchased $1.3B of shares in H2 and guided 2026 adjusted EPS of $2.90-$3.00.Fortive Corporation (FTV) reported fourth-quarter 2025 adjusted earnings per share (EPS) of 90 cents from continuing operations, which surpassed the Zacks Consensus Estimate of 83 cents. The botto ...

Market Overview - Stock futures are mixed, showing signs of stabilization after a downturn in software and AI-related technology stocks, leading some investors to view the selloff as a buying opportunity [1] - Defensive sectors and commodity-linked assets are gaining interest, particularly as gold prices have risen above $5,000 per ounce, indicating strong demand for safe havens amid market uncertainty [1] Pre-Market Trading - In pre-market trading, S&P 500 futures rose by 0.11%, Nasdaq futures fell by 0.34%, and Dow futures increased by 0.22% [2] Company Movements - Silicon Labs (SLAB) shares surged by 49% following a definitive agreement for acquisition by Texas Instruments (TXN) at $231 per share in an all-cash transaction [3] - Texas Instruments (TXN) shares declined by 3% after announcing the acquisition of Silicon Labs [6] - Other notable stock movements include Eli Lilly (LLY) up 9%, Johnson Controls (JCI) up 5%, and AMD (AMD) down 10% [6]

PresentationGood afternoon, ladies and gentlemen, and welcome to the SCOR P&C January 2026 Renewables Conference Call. Today's call is being recorded. [Operator Instructions]. At this time, I would now like to hand the call to Mr. Thomas Fossard. Please go ahead, sir.Thomas FossardHead of Investor Relations Good afternoon, and welcome to SCOR P&C Jan 2026 Renewals Conference Call. I'm joined on the call today by Jean-Paul Conoscente, Chief Executive Officer of SCOR P&C. Before we start, I would like to remi ...

Financial Data and Key Metrics Changes - In Q4, the company reported total revenue of $1.1 billion, an increase of just over 4.5% year-over-year on a reported basis and just over 3% on a core basis [13] - Adjusted EBITDA for Q4 was $358 million, up about 8% year-over-year, with an adjusted EBITDA margin expanding approximately 100 basis points to nearly 32% [14][15] - Adjusted EPS for Q4 was $0.90, reflecting a 13% year-over-year increase, contributing to a full-year adjusted EPS of $2.71, which represented over 12% growth [15][21] Business Line Data and Key Metrics Changes - Intelligent Operating Solutions (IOS) segment revenue grew just over 5% on a reported basis, with core revenue growth of about 4%, driven by strong performance in professional instrumentation and gas detection products [16] - Advanced Healthcare Solutions (AHS) segment revenue was $353 million, growing approximately 3% year-over-year, with adjusted EBITDA of $92 million and an adjusted EBITDA margin of 26% [18][19] Market Data and Key Metrics Changes - North America continued to be the strongest growth driver, with encouraging improvements noted in Europe and Latin America, while APAC growth remained steady [13][16] - The company observed solid customer demand and strong commercial execution across all regions, with particular strength in professional instrumentation and gas detection [13][16] Company Strategy and Development Direction - The company is focused on executing the Fortive Accelerated Strategy, which includes three pillars: accelerating profitable organic growth, disciplined capital allocation, and building investor trust [5][8] - The company is committed to investing in organic growth, pursuing bolt-on M&A, and maintaining a modestly growing dividend to maximize medium to long-term shareholder value [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, initiating full-year adjusted EPS guidance of $2.90-$3.00, representing approximately 9% year-over-year growth at the midpoint [21] - The management highlighted strong execution and operational rigor, with a focus on delivering benchmark-beating shareholder returns [5][24] Other Important Information - The company executed an additional $265 million in share repurchases in Q4, bringing total repurchases for the second half of the year to $1.3 billion [8][19] - The company finished the year with a gross debt to adjusted EBITDA ratio of 2.6x, indicating a strong balance sheet and ample capacity for capital deployment [20] Q&A Session Summary Question: Insights on Fluke's performance - Management noted strong demand and order growth at Fluke, with North America being the strongest region and encouraging improvements in EMEA and LATAM [32][34] Question: Price contribution and guidance - Price contributed about 2% to growth in Q4, with volume contributing roughly 1% [35] Question: First quarter expectations - Management indicated that January has started solidly, and they expect reported revenue and adjusted EBITDA to follow historical trends [41][43] Question: AHS segment margin pressures - Management clarified that margin pressures in AHS were localized in Q4 due to strategic investments, with expectations for margin improvement moving forward [44][45] Question: IOS organic growth sources - Management attributed the strong IOS growth to effective execution of the Fortive Business System strategy, with solid demand in data center applications and defense [72][74] Question: AI enhancements in software - Management highlighted that AI is seen as an opportunity, with strong customer demand for AI-enabled enhancements in their software offerings [53][76] Question: Future growth expectations for gas detection - Management expressed confidence in the gas detection business, anticipating strong performance in 2026 due to effective execution and market demand [95]

Financial Data and Key Metrics Changes - In Q4, the company reported total revenue of $1.1 billion, an increase of just over 4.5% year-over-year on a reported basis and just over 3% on a core basis [13] - Adjusted EBITDA for Q4 was $358 million, up about 8% year-over-year, with an adjusted EBITDA margin expanding approximately 100 basis points to nearly 32% [14] - Adjusted EPS for Q4 was $0.90, marking a 13% increase year-over-year, contributing to a full-year adjusted EPS of $2.71, which represented year-over-year growth of just over 12% [15][7] - The company generated about $315 million of free cash flow in Q4 and approximately $930 million for the full year, with free cash flow conversion on adjusted net income remaining nicely over 100% [20] Business Line Data and Key Metrics Changes - Intelligent Operating Solutions (IOS) segment revenue grew just over 5% on a reported basis, with core revenue growth of about 4%, driven by strong performance in professional instrumentation and gas detection products [16] - Advanced Healthcare Solutions (AHS) segment revenue grew approximately 3% year-over-year, with adjusted EBITDA in this segment at $92 million and an adjusted EBITDA margin of 26% [19] - Recurring revenue grew faster than consolidated revenue, driven by strength in Fluke's maintenance software and AI-enhanced software capabilities across IOS and AHS segments [10] Market Data and Key Metrics Changes - North America continued to be the strongest growth driver, with solid growth across all regions, including steady growth in APAC and an acceleration in Europe [13] - Latin American sales picked up pace, driven by strong performance in professional instrumentation [14] - The company noted early signs of improvement in Europe and positive trends in Latin America and Asia Pacific [16] Company Strategy and Development Direction - The company is focused on three strategic pillars: accelerating profitable organic growth, disciplined capital allocation, and building investor trust, aiming for benchmark-beating shareholder returns [5][8] - The company is committed to investing in organic growth, pursuing bolt-on M&A, and maintaining a modestly growing dividend [11] - The Fortive Accelerated Strategy is being diligently executed, with a focus on innovation and targeted investments in high-growth verticals [9][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, initiating full-year 2026 adjusted EPS guidance of $2.90-$3.00, representing approximately 9% year-over-year growth at the midpoint [21] - The company is confident in its ability to execute its strategy and deliver strong performance for shareholders, despite recognizing that there is more work to be done [25][24] - Management highlighted the importance of customer engagement and the positive impact of strategic investments on future growth [24][19] Other Important Information - The company executed an additional $265 million of share repurchases in Q4, bringing total second-half repurchases to $1.3 billion [8] - The balance sheet remains strong, finishing the year at 2.6x gross debt to adjusted EBITDA, with ample capacity for capital deployment priorities in 2026 [20] Q&A Session Summary Question: Insights on Fluke's performance and demand - Management noted strong demand in Fluke, with North America as the strongest region and encouraging improvements in EMEA and LATAM, with order growth continuing in Q4 [32][34] Question: Price contribution and guidance - Price contributed about 2% to growth in Q4, with volume contributing about 1%, and expectations for 2026 are broadly in line with this [35][36] Question: First quarter expectations and organic sales growth - Management indicated that Q1 is expected to follow historical patterns, with organic sales growth anticipated in the 2%-3% range for the full year [41][42] Question: AHS segment margin pressures - Management clarified that margin pressures in AHS were localized in Q4 due to strategic investments, with expectations for margin improvement moving forward [44][45] Question: IOS organic growth sources - The strong performance in IOS was attributed to effective execution of the Fortive Business System strategy, with solid demand in data center applications and defense [72][73] Question: AI enhancements in software businesses - Management highlighted that AI is seen as an opportunity, with strong customer demand for AI-enabled enhancements driving growth and improving customer experience [53][54] Question: Future growth expectations for gas detection - Management expressed confidence in the gas detection business, anticipating strong performance in 2026 due to effective execution and targeted investments [95][96]

Financial Data and Key Metrics Changes - In Q4, total revenue reached $1.1 billion, reflecting a year-over-year increase of just over 4.5% on a reported basis and over 3% on a core basis [12] - Adjusted EBITDA for Q4 was $358 million, up about 8% year-over-year, with an adjusted EBITDA margin expanding approximately 100 basis points to nearly 32% [13][14] - Adjusted EPS for Q4 was $0.90, marking a 13% increase year-over-year, contributing to a full-year adjusted EPS of $2.71, which represented over 12% growth [14][19] Business Line Data and Key Metrics Changes - Intelligent Operating Solutions (IOS) segment revenue grew just over 5% on a reported basis, with core revenue growth of about 4%, driven by strong performance in professional instrumentation and gas detection [15] - Advanced Healthcare Solutions (AHS) segment revenue grew approximately 3% year-over-year, with adjusted EBITDA in this segment at $92 million and an adjusted EBITDA margin of 26% [17][18] Market Data and Key Metrics Changes - North America continued to be the strongest growth driver, with encouraging signs of improvement in Europe and Latin America [12][15] - APAC growth remained steady, while Europe showed acceleration from Q3, indicating potential positive trends [12][13] Company Strategy and Development Direction - The company is focused on executing the Fortive Accelerated Strategy, which includes three pillars: accelerating profitable organic growth, disciplined capital allocation, and building investor trust [4][10] - The company is initiating full-year 2026 adjusted EPS guidance of $2.90-$3.00, representing approximately 9% year-over-year growth at the midpoint [6][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, highlighting strong execution and growth acceleration in the second half of 2025 [5][24] - The company is committed to maintaining a disciplined approach to capital allocation, with a focus on organic growth and targeted M&A opportunities [10][24] Other Important Information - The company executed an additional $265 million in share repurchases in Q4, bringing total repurchases for the second half of the year to $1.3 billion [6][18] - Free cash flow for Q4 was approximately $315 million, with full-year free cash flow at about $930 million, maintaining a conversion rate over 100% [14][19] Q&A Session Summary Question: Insights on Fluke's performance and demand - Management noted strong performance in Fluke, with North America as the strongest region and encouraging improvements in EMEA and LATAM, indicating solid demand overall [30][32] Question: Price contribution and guidance - Price contributed about 2% to growth in the quarter, with volume contributing roughly 1% [34] Question: First quarter expectations and organic sales growth - Management indicated that they expect reported revenue and adjusted EBITDA to follow historical trends, with a positive outlook for January [40][42] Question: AHS segment margin pressures - Management clarified that margin pressures in AHS were localized in Q4 due to strategic investments, with expectations for margin improvement moving forward [43][44] Question: IOS organic growth sources - The strong performance in IOS was attributed to effective execution of the Fortive Business System strategy, with all elements contributing positively [71][72] Question: AI enhancements in software businesses - Management highlighted that AI is seen as a meaningful accelerator for their software offerings, with strong customer demand for AI-enabled enhancements [52][53] Question: Future growth expectations for gas detection - Management expressed confidence in the gas detection business, anticipating strong performance in 2026 due to effective execution and market demand [94]

Fourth Quarter and Full Year 2025 Earnings EARNINGS PRESENTATION February 4, 2026 Forward Looking Statements and Non-GAAP Financial Measures FORWARD-LOOKING STATEMENTS Statements in this presentation that are not strictly historical, including statements regarding anticipated financial results, global and regional economic conditions, industry trends, geopolitical events, future acquisitions, impact of trade and spending policies, the ability to execute the planned strategies, interest rate and current exch ...

Industrial products maker Fortive on Wednesday forecast fiscal 2026 profit above Wall Street estimates, helped by resilient demand at its industrial automation unit. ...

Financial Performance - Q4 2025 reported revenue of $1.12 billion, up 4.6% year-over-year; core revenue growth of 3.3%[7] - Full Year 2025 GAAP diluted net EPS of $1.59, up 16.1% year-over-year; adjusted diluted net EPS of $2.71, up 12% year-over-year[13] - Q4 Adjusted EBITDA of $358 million, up 7.8% year-over-year, with an adjusted EBITDA margin of 31.9%[7] - Full Year 2025 GAAP net income of $533 million, up 10% year-over-year, with a GAAP net income margin of 12.8%[15] - Total Revenue Growth (GAAP) for the year ended December 31, 2025, was 2.3%, with core revenue growth (Non-GAAP) at 2.1%[56] - Adjusted EBITDA (Non-GAAP) for the three months ended December 31, 2025, was $357.9 million, with an adjusted EBITDA margin of 31.9%[57] - Net Earnings from Continuing Operations (GAAP) for the year ended December 31, 2025, was $532.7 million, reflecting a net earnings margin of 12.8%[57] - Adjusted Net Earnings for the three months ended December 31, 2025, were $288.9 million, compared to $279.8 million in the same period of 2024[59] Segment Performance - Revenue for the Intelligent Operating Solutions segment in Q4 2025 was $770 million, up 5.3% year-over-year[12] - Advanced Healthcare Solutions segment revenue in Q4 2025 was $353 million, up 3.2% year-over-year[12] - The Intelligent Operating Solutions segment generated sales of $769.7 million in Q4 2025, up from $730.9 million in Q4 2024, marking a 5.0% increase[30] - The Advanced Healthcare Solutions segment reported sales of $352.8 million in Q4 2025, compared to $341.9 million in Q4 2024, reflecting a growth of 3.0%[30] - Revenue for Intelligent Operating Solutions reached $2,856.3 million in 2025, a 2.3% increase from $2,793.2 million in 2024[58] - Adjusted EBITDA for Advanced Healthcare Solutions was $341.3 million in 2025, compared to $340.3 million in 2024, reflecting a slight increase[58] - Operating Profit Margin for Intelligent Operating Solutions was 25.8% in 2025, up from 25.3% in 2024[58] Cash Flow and Capital Management - Free cash flow for FY 2025 was $931 million, slightly down by 1.3% year-over-year[15] - Cash and equivalents decreased to $375.5 million as of December 31, 2025, down from $813.3 million in 2024[34] - The company reported a total operating cash provided by continuing operations of $1,035.7 million for the year 2025, compared to $1,028.5 million in 2024[36] - Free Cash Flow from Continuing Operations for the year 2025 was $930.6 million, up from $942.4 million in 2024[61] - Operating Cash Flows (GAAP) for the three months ended December 31, 2025, were $344.2 million, an increase from $327.7 million in the same period of 2024[61] Shareholder Returns - Executed $265 million in share repurchases during Q4, totaling approximately $1.3 billion for the second half of 2025, representing about 8% of diluted shares outstanding[6] - Initiating FY 2026 Adjusted EPS guidance of $2.90 to $3.00[4] Strategic Focus - Fortive's strategic focus remains on profitable organic growth, disciplined capital allocation, and building investor trust[4] - The company aims to enhance operational performance by excluding non-core expenses from its financial metrics[41] Other Financial Metrics - Gross profit for the year ended December 31, 2025, was $2,641.1 million, compared to $2,619.1 million in 2024, reflecting a slight increase[30] - Operating profit for Q4 2025 was $225.5 million, up from $212.2 million in Q4 2024, indicating a growth of 6.9%[30] - Net earnings from continuing operations for the year were $532.7 million, compared to $482.5 million in 2024, representing a 10.4% increase[36] - The company incurred $42.0 million in pretax acquisition and divestiture-related items for the year ended December 31, 2025[57] - Discrete restructuring charges for the year ended December 31, 2025, amounted to $32.0 million, reflecting ongoing strategic adjustments[57] - The company incurred discrete restructuring charges of $26.3 million in 2025, compared to $10.0 million in 2024[58] - Foreign currency transaction gains and losses related to Euro-denominated debt were adjusted to provide clearer operational insights[46]

EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive†) (NYSE: FTV) today announced financial results for the fourth quarter and full year 2025. "Q4 represented another quarter of solid execution by our new Fortive team. With the first two quarters of performance now behind us, and our 2026 strategic and financial plans firmly in place, our strong conviction in the road ahead continues to build. In Q4, our team delivered results ahead of our expectations with ~3% core revenue growth, ~8% Adjusted ...