Financial Performance - Fortive reported net earnings of $195 million and adjusted net earnings of $329 million for Q2 2024, with diluted EPS of $0.55 and adjusted diluted EPS of $0.93[2][4]. - Revenues for Q2 2024 increased by 2% year-over-year to $1.55 billion, with flat core revenue growth[3][6]. - Operating profit margin was 19%, and adjusted operating profit margin was 27%, reflecting a year-over-year increase of 90 basis points[6]. - Net earnings for the six months ended June 28, 2024, increased to $402.5 million, up from $382.6 million for the same period in 2023, reflecting a growth of 5.2%[24]. - Total revenue for the three months ended June 28, 2024, was $1,552.4 million, representing a 1.7% increase compared to $1,526.4 million for the same period in 2023[46]. - Adjusted operating profit for the three months ended June 28, 2024, was $417.3 million, up from $396.6 million in the prior year, with an adjusted operating profit margin of 26.9%[46]. - Core revenue growth for the six months ended June 28, 2024, was 1.2% compared to the same period in 2023, while total revenue growth was 3.0%[49]. - The company reported an adjusted net earnings of $329.1 million for the three months ended June 28, 2024, compared to $303.1 million in the same period last year[48]. Future Outlook - For Q3 2024, Fortive anticipates revenue of approximately $1.55 billion, with diluted EPS guidance of $0.63 to $0.66 and adjusted diluted EPS of $0.92 to $0.95[4][5]. - The full-year 2024 revenue outlook is projected to be between $6.25 billion and $6.30 billion, with diluted EPS guidance of $2.68 to $2.74, representing a year-over-year increase of 10% to 13%[5][6]. - Forecasted adjusted diluted net earnings per share for the three months ending September 27, 2024, is expected to be between $0.92 and $0.95[52]. - Anticipated pretax amortization of acquisition-related intangible assets is projected to be $0.32 per share for the three months ending September 27, 2024[52]. Cash Flow and Investments - Operating cash flow for Q2 2024 was reported at $309 million, with free cash flow of $280 million, both exceeding guidance[6]. - The company recorded a net cash provided by operating activities of $565.6 million for the six months ended June 28, 2024, compared to $495.4 million for the same period in 2023, indicating an increase of 14.1%[24]. - Cash paid for acquisitions amounted to $1,721.8 million during the six months ended June 28, 2024, with no comparable figure for the previous year, highlighting significant investment activity[24]. - Free cash flow for the three months ended June 28, 2024, was $279.7 million, a decrease of 6.8% from $300.0 million in the same period last year[51]. - Operating cash flows for the six months ended June 28, 2024, increased by 14.2% to $565.6 million from $495.4 million in the prior year[51]. Asset and Equity Changes - Total current assets decreased from $3,671.6 million as of December 31, 2023, to $2,519.5 million as of June 28, 2024, representing a decline of approximately 31.2%[22]. - The ending balance of cash and equivalents decreased to $644.1 million as of June 28, 2024, down from $1,888.8 million at the beginning of the period, a decline of approximately 66.0%[24]. - Total assets increased from $16,911.8 million as of December 31, 2023, to $17,285.0 million as of June 28, 2024, reflecting a growth of approximately 2.2%[22]. - The company’s total stockholders' equity rose to $10,505.8 million as of June 28, 2024, compared to $10,325.3 million as of December 31, 2023, an increase of about 1.7%[22]. - The current portion of long-term debt was reported at $383.9 million as of June 28, 2024, indicating a new liability compared to no current portion reported as of December 31, 2023[22]. Market and Operational Insights - The Precision Technologies segment is expected to show double-digit earnings and cash flow growth, indicating a balanced view of end markets[6]. - Fortive's leadership in durable growth markets is highlighted by strong performance in Advanced Healthcare Solutions and Intelligent Operating Solutions[4][6]. - The company is focused on accelerating innovation and new product launches to deliver sustainable growth[6]. - Fortive employs over 18,000 employees across more than 50 countries, emphasizing its global operational reach[9]. Other Financial Events - The company reported a loss from divestiture of $25.6 million related to the Invetech Divestiture during the three and six-month periods ended June 28, 2024[34]. - A gain on the sale of property of $63.1 million was recorded during the six-month period ended June 28, 2024, contributing positively to earnings[35]. - The impact of currency translation on total revenue growth was a decrease of 1.0% for the three months ended June 28, 2024[49]. - The company’s GAAP operating profit margin improved to 19.4% for the three months ended June 28, 2024, compared to 19.1% in the prior year[46].

Core Viewpoint - Fortive Corporation is expected to report strong earnings for the second quarter of 2024, with positive indicators suggesting an earnings beat based on the company's earnings surprise history and current estimates [2][3][4]. Financial Performance - The trailing four-quarter earnings surprise for Fortive averages 3.6%, with shares increasing by 2.1% over the past year, compared to a 7.3% growth in the sub-industry [1]. - Non-GAAP earnings per share (EPS) is forecasted to be between 90-93 cents, with the Zacks Consensus Estimate at 92 cents, reflecting an 8.2% increase from the previous year's quarter [4]. - Total revenues are expected to range from $1.55 billion to $1.575 billion, with the Zacks Consensus Estimate at $1.56 billion, indicating a 2.3% increase from the prior-year quarter [8]. Segment Performance - The Intelligent Operating Solutions segment is anticipated to benefit from steady demand and growth in new software bookings [6]. - The Advanced Healthcare Solutions business is expected to gain from a recovery in the consumables sector and increased uptake of SaaS solutions [7]. - The Precision Technologies segment's revenue is likely driven by momentum in power, food & beverages, and aerospace and defense markets, although normalization in demand for Tektronix and Sensing Technologies may pose challenges [10][11]. Strategic Factors - Frequent product launches and synergies from strategic acquisitions are expected to contribute positively to Fortive's top-line expansion [9]. - The company's focus on improving the Fortive Business System is seen as a tailwind for driving innovation and customer demand across various geographies [5].

Core Viewpoint - Analysts forecast Fortive (FTV) will report quarterly earnings of $0.92 per share, reflecting an 8.2% year-over-year increase, with revenues expected to reach $1.56 billion, a 2.3% increase compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been adjusted downward by 0.8% over the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts project 'Sales- Intelligent Operating Solutions' to reach $677.99 million, indicating a year-over-year change of +3.8% [5] - 'Sales- Precision Technologies' is forecasted to reach $564.12 million, reflecting a +5% change from the prior-year quarter [6] - 'Sales- Advanced Healthcare Solutions' is estimated to be $319.76 million, showing a -4.8% change from the year-ago quarter [8] Adjusted Operating Profit Estimates - The estimated 'Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions' is $80.26 million, up from $75.50 million a year ago [7] - 'Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions' is expected to be $225.88 million, compared to $215.40 million in the previous year [9] - The consensus for 'Adjusted Operating Profit (Non-GAAP)- Precision Technologies' stands at $144.41 million, an increase from $138.30 million reported in the same quarter last year [10] Stock Performance - Fortive shares have increased by +2.7% over the past month, outperforming the +0.4% move of the Zacks S&P 500 composite, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [11]

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.56 billion, up 2.3% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.78% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed ...

This industrial conglomerate has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.22%. If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Fortive (FTV) . This company, which is in the Zacks Electronics - Testing Equipment industry, shows potential for ...

Fortive (FTV) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings pic ...

monsitj Investment Thesis Fortive Corporation (NYSE:FTV) should continue to deliver good revenue and margin growth moving forward. The company’s revenue growth should benefit from continued strength in its Intelligent Operating Solutions and Advanced Healthcare Solutions segments. While the Precision Technologies segment has seen some weakness over the last few quarters, some green shoots like stabilizing orders indicate a potential for recovery in the back half of 2024. In addition, the company has a s ...

Fortive Corporation (FTV) reported first-quarter 2024 adjusted earnings per share (EPS) of 83 cents, which topped the Zacks Consensus Estimate by 5.1%. The bottom line increased 11% year over year.Revenues rose 4% year over year to $1.52 billion. However, it missed the Zacks Consensus Estimate by 0.1%. Core revenues also moved up 3% year over year, gaining from acceleration in the Intelligent Operating Solutions and Healthcare segments.The year-over-year improvement in the top line was driven by continued m ...

Fortive (FTV) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.06%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.93 per share when it actually produced earnings of $0.98, delivering a surprise of 5.38%.Over the last four quarters, the com ...

Financial Performance - Net earnings for Q1 2024 were $207 million, with adjusted net earnings of $295 million, excluding a $63 million gain on property sale[2]. - Revenues increased 4% year-over-year to $1.52 billion, with core revenue growth of 3%[3]. - Diluted net earnings per share (EPS) for Q1 was $0.58, up 18%, while adjusted diluted EPS was $0.83, up 11%[6]. - Net earnings for the three months ended March 29, 2024, were $207.4 million, compared to $173.6 million for the same period in 2023, reflecting a year-over-year increase of 19.4%[24]. - Adjusted net earnings for the same period were $295.3 million, compared to $266.7 million in the prior year, reflecting a 10.7% growth[46]. - Total revenue growth (GAAP) for the three months ended March 29, 2024, was 4.4%, while core revenue growth (Non-GAAP) was 2.5%[47]. - Operating cash flows (GAAP) increased by 47.2% to $256.7 million from $174.4 million year-over-year[48]. - Free cash flow (Non-GAAP) for the three months ended March 29, 2024, was $230.3 million, a 53.9% increase from $149.6 million in the same period last year[48]. Revenue Outlook - For Q2 2024, Fortive anticipates revenue of approximately $1.6 billion and diluted EPS between $0.57 and $0.60[4]. - Full-year 2024 revenue outlook is raised to approximately $6.35 billion to $6.43 billion, with diluted EPS guidance of $2.61 to $2.70[5]. Segment Performance - Intelligent Operating Solutions segment reported sales of $665.7 million, up from $632.1 million year-over-year[18]. - Precision Technologies segment sales increased to $559.0 million from $541.1 million year-over-year[18]. - Advanced Healthcare Solutions segment sales rose to $299.8 million from $287.5 million year-over-year[18]. Assets and Liabilities - Total assets increased to $17,520.1 million as of March 29, 2024, up from $16,911.8 million at December 31, 2023, representing a growth of 3.6%[22]. - Long-term debt increased to $3,941.7 million from $3,646.2 million, indicating a rise of 8.1%[22]. - Retained earnings rose to $7,685.2 million from $7,505.9 million, an increase of 2.4%[22]. - Cash and equivalents decreased to $704.6 million from $1,888.8 million, a decline of 62.7%[24]. Cash Flow and Investments - Cash used in investing activities totaled $1,737.4 million, primarily due to cash paid for acquisitions[24]. - Free cash flow was calculated as cash provided by operating activities of $256.7 million minus capital expenditures[43]. Other Financial Metrics - The company achieved 14 consecutive quarters of positive core revenue growth and 15 quarters of adjusted operating margin expansion[6]. - The anticipated pretax amortization of acquisition-related intangible assets for the twelve months ending December 31, 2024, is estimated at $1.27 per share[49]. - The impact of currency translation on revenue growth was a negative 0.6%[47]. - The average common diluted stock outstanding for the period was approximately 356 million shares[46]. - The company reported pretax losses from equity investments of $4.6 million for the three months ended March 29, 2024[46]. Divestment Plans - The company expects to complete the divestment of certain product lines of Invetech in Q2 2024, with a loss anticipated at the time of closing[38].