Financial Performance - Fourth quarter net earnings were $209 million, with adjusted net earnings of $406 million, and diluted net earnings per share of $0.60, up 19% year-over-year[2][4]. - Revenues for the fourth quarter increased 2% year-over-year to $1.62 billion, with 2% core revenue growth; full year revenues increased 3% to $6.23 billion, including 1% core revenue growth[3][4]. - Operating profit for the total company was $307.1 million, slightly down from $310.9 million year-over-year, resulting in an operating margin of 19.0% compared to 19.6%[18]. - Core revenue growth for the year ended December 31, 2024, was 1.3%, with total revenue growth (GAAP) at 2.7%[50]. - Net earnings for the year ended December 31, 2024, were $832.9 million, with diluted net earnings per share of $2.36[48]. Cash Flow and Assets - The company reported operating cash flow of $502 million and free cash flow of $465 million for Q4 2024, representing a 13% year-over-year increase[4]. - Net cash provided by operating activities for the year ended December 31, 2024, was $1,526.8 million, compared to $1,353.6 million in 2023[24]. - Free cash flow for the year ended December 31, 2024, was $1,406.4 million, reflecting a 12.9% increase from the previous year[51]. - Cash and equivalents decreased to $813.3 million as of December 31, 2024, down from $1,888.8 million in 2023[22]. - Total assets increased to $17,016.1 million in 2024 from $16,911.8 million in 2023, driven by an increase in goodwill to $10,156.0 million[22]. Future Projections - For the first quarter of 2025, Fortive anticipates revenue of $1.48 billion to $1.51 billion, with diluted net earnings per share of $0.39 to $0.42 and adjusted diluted net earnings per share of $0.83 to $0.86[4][5]. - Fortive expects GAAP diluted EPS for 2025 to be between $2.38 and $2.50, reflecting a year-over-year increase of 1% to 6%; adjusted diluted EPS is expected to be between $4.00 and $4.12, a year-over-year increase of 3% to 6%[4][5]. - Forecasted Adjusted Diluted Net Earnings Per Share (Non-GAAP) for the three months ending March 28, 2025, is projected to be between $0.83 and $0.86[52]. - Forecasted Adjusted Diluted Net Earnings Per Share (Non-GAAP) for the twelve months ending December 31, 2025, is projected to be between $4.00 and $4.12[52]. Strategic Initiatives - The separation of the Precision Technologies segment is progressing well, with an expected completion in early Q3 2025[4][7]. - The planned separation is intended to qualify as a tax-free spin-off for Fortive shareholders for U.S. federal income tax purposes[7]. - The company initiated a discrete restructuring plan expected to be completed by December 31, 2025, with related charges adjusted in the fourth quarter of 2024[37]. Operational Highlights - Strong order growth was observed across all segments, with double-digit orders growth for the Precision Technologies segment for the second consecutive quarter[4]. - The company highlighted robust margin expansion and record cash flow in 2024, driven by strong execution and FBS-driven innovation[4]. - Intelligent Operating Solutions segment reported sales of $710.8 million, up 4.9% from $682.7 million in the prior year, with an operating margin increase to 28.1% from 25.9%[18]. - Advanced Healthcare Solutions segment achieved sales of $341.8 million, a 3.9% increase from $331.2 million, with operating margins improving to 13.7% from 10.8%[18]. Shareholder Returns - The company repurchased common shares totaling $889.6 million during the year, reflecting a strategic focus on returning value to shareholders[24]. - A charitable donation of $20 million was pledged to the Fortive Foundation, with a corresponding expense recorded in the Consolidated Statements of Earnings[35]. Tax and Expenses - The company recorded a net loss from divestiture of $25.6 million during the year, impacting overall profitability[24]. - Discrete tax expenses resulting from the Separation of NewCo amounted to $65.6 million for the year ended December 31, 2024[38]. - The company recorded a non-cash tax benefit due to revaluation of deferred tax assets in Switzerland, impacting tax expenses[39]. - Anticipated pretax acquisition, divestiture, and separation-related items are estimated at $0.11 for the three months and $0.40 for the twelve months[52].

Financial Results - Fortive Corporation is set to release its fourth-quarter financial results on February 7, 2025, before the market opens [1] - Analysts anticipate quarterly earnings of $1.12 per share, an increase from $0.98 per share in the same period last year [1] - The company projects quarterly revenue of $1.63 billion, compared to $1.58 billion a year earlier [1] Leadership Changes - On January 29, 2025, Fortive announced the appointment of Sharmistha "Shar" Dubey as the Chair of the Board [2] Stock Performance and Analyst Ratings - Fortive shares closed at $79.84, reflecting a gain of 0.4% [3] - JP Morgan analyst Stephen Tusa maintained an Overweight rating but reduced the price target from $92 to $90 [4] - Barclays analyst Julian Mitchell also maintained an Overweight rating, lowering the price target from $95 to $90 [4] - Wells Fargo analyst Joseph O'Dea maintained an Equal-Weight rating and raised the price target from $77 to $80 [4] - Truist Securities analyst Jamie Cook maintained a Buy rating and increased the price target from $89 to $90 [4] - Citigroup analyst Andrew Kaplowitz downgraded the stock from Buy to Neutral, cutting the price target from $92 to $86 [4]

Core Viewpoint - Analysts project that Fortive (FTV) will report quarterly earnings of $1.12 per share, reflecting a year-over-year increase of 14.3% and revenues of $1.63 billion, up 2.8% from the same quarter last year [1] Earnings Projections - The consensus EPS estimate has been revised 1.9% lower over the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong link between earnings estimate trends and short-term stock price movements [3] Key Metrics Forecast - Analysts project 'Sales- Intelligent Operating Solutions' to reach $697.56 million, indicating a year-over-year change of +2.2% [5] - 'Sales- Advanced Healthcare Solutions' is estimated at $352.61 million, reflecting a +0.3% change year-over-year [5] - 'Sales- Precision Technologies' is forecasted to reach $578.15 million, showing a +5.3% change from the prior-year quarter [5] Adjusted Operating Profit Estimates - 'Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions' is expected to be $97.89 million, compared to $90.30 million in the same quarter last year [6] - 'Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions' is projected at $244.04 million, up from $233.40 million year-over-year [6] - The average prediction for 'Adjusted Operating Profit (Non-GAAP)- Precision Technologies' is $157.25 million, slightly down from $159.40 million reported in the same quarter of the previous year [7] Stock Performance - Over the past month, Fortive shares have returned +4.9%, outperforming the Zacks S&P 500 composite's +1% change [7] - Currently, Fortive carries a Zacks Rank 4 (Sell), suggesting potential underperformance in the near future [7]

The Board of Foresight VCT Plc (the “Company”) is pleased to announce the successful sale of portfolio company Hospital Services Group Limited (“HSL”), a leading healthcare equipment distributor and service provider operating in Ireland, Northern Ireland and Great Britain. The transaction generated proceeds of £26.2 million at completion with potential for a further up to £1.0 million over the coming years, implying a return and IRR of up to 8.5 times the original investment and 25.7% respectively. Prior t ...

Group 1 - The Company has published a prospectus on 10 December 2024, offering a subscription of up to £20 million with an over-allotment facility for an additional £5 million through the issuance of a maximum of 50 million ordinary shares [2] - The Offer has been oversubscribed based on the applications received, assuming all applications are accepted [4] - Applications will be accepted on a first-come, first-served basis, and those received after 20 December 2024 may have their subscriptions returned [1][3]

Everett, Washington, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Summary: 63% predict that solar will lead their country’s energy transition.91% are concerned about solar panel efficiency, and 39% cite inverter failures as a common issue.Nearly a third use reactive maintenance, while over half prioritize adopting predictive maintenance.59% stressed the need to train technicians in advanced diagnostic tools to address evolving challenges.45% view AI integration in solar panel design, optimization, and maintenance as ...

It has been about a month since the last earnings report for Fortive (FTV) . Shares have added about 11.2% 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 drivers. Fortive Q3 Earnings Beat EstimatesFortive reported thir ...

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 ...

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 ...