Fortive Corporation (FTV) reported third-quarter 2024 adjusted earnings per share (EPS) of 97 cents, which topped the Zacks Consensus Estimate by 4.3%. The bottom line increased 14.12% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings CalendarRevenues rose 2.7% year over year to $1.54 billion. However, the top line missed the Zacks Consensus Estimate by 0.8%. Core revenues rose 1% year over year.The year-over-year improvement in the top line was driven by continued momentum in I ...

Fortive Corporation (NYSE:FTV) Q3 2024 Earnings Conference Call October 30, 2024 12:00 PM ET Company Participants Elena Rosman - Vice President of Investor Relations James Lico - President and Chief Executive Officer Charles McLaughlin - Senior Vice President and Chief Financial Officer Conference Call Participants Nigel Coe - Wolfe Research Julian Mitchell - Barclays Joe Giordano - TD Cowen Jeffrey Sprague - Vertical Research Partners Scott Davis - Melius Research Andrew Kaplowitz - Citigroup Andrew Obin - ...

| --- | --- | |-------------------------------------|-------| | | | | | | | | | | | | | 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 ...