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 ...

Financial Performance - Fortive reported Q3 2024 revenue of $1.54 billion, a 3% year-over-year increase, with 1% core revenue growth[2]. - GAAP diluted EPS for Q3 2024 was $0.63, while adjusted diluted EPS was $0.97, reflecting a 14% year-over-year increase[1]. - Operating profit margin was 19%, with an adjusted operating profit margin of 27%, up 90 basis points year-over-year[1]. - For Q4 2024, Fortive anticipates revenue between $1.63 billion and $1.65 billion, with diluted EPS projected at $0.72 to $0.75[3]. - Full-year 2024 revenue is expected to be approximately $6.24 billion to $6.26 billion, with GAAP diluted EPS of $2.47 to $2.50[4]. - Strong performance in recurring revenue growth was noted in Intelligent Operating Solutions and Advanced Healthcare Solutions[3]. - Total sales for the third quarter ended September 29, 2023, were $1,534.6 million, a 2.4% increase from $1,494.5 million in the same period last year[17]. - Intelligent Operating Solutions segment reported sales of $661.2 million, up 2.7% from $644.3 million year-over-year[17]. - Advanced Healthcare Solutions segment achieved sales of $322.5 million, representing an 8.3% increase compared to $297.7 million in the prior year[17]. - Operating profit for the total company was $295.5 million, slightly up from $291.1 million in the previous year, resulting in an operating margin of 19.3%[17]. - Adjusted net earnings for the three months ended September 27, 2024, were $341.6 million, compared to $301.6 million for the same period in 2023[43]. - The operating profit margin (GAAP) for the nine months ended September 27, 2024, was 19.5%, compared to 18.4% for the same period in 2023[41]. Cash Flow and Investments - Fortive reported operating cash flow of $459 million and free cash flow of $431 million for Q3 2024, both up 12% year-over-year[1]. - Cash flows from operating activities for the nine months ended September 27, 2024, totaled $1,024.6 million, an increase from $906.8 million in the prior year[20]. - Free Cash Flow (Non-GAAP) for the three months ended September 27, 2024, was $431.2 million, reflecting a 12.4% increase from $383.5 million in the prior year[46]. - Free Cash Flow (Non-GAAP) for the nine months ended September 27, 2024, was $941.2 million, a 13.0% increase from $833.1 million in the prior year[46]. - The company reported a net cash used in investing activities of $1,799.8 million, significantly higher than $124.2 million in the previous year, primarily due to cash paid for acquisitions[20]. Future Outlook - Fortive expects double-digit growth in both earnings and cash flow for 2024, driven by stabilizing demand trends[5]. - The company plans to separate into two independent publicly traded companies by Q4 2025, focusing on distinct market segments[6]. - The company expects to execute a discrete restructuring plan related to the Separation beginning in the fourth quarter of 2024[33]. - Forecasted Adjusted Diluted Net Earnings Per Share (Non-GAAP) for the twelve months ending December 31, 2024, is projected to be between $3.84 and $3.87[47]. - Anticipated pretax amortization of acquisition-related intangible assets is estimated at $1.29 for the twelve months ending December 31, 2024[47]. - Anticipated pretax acquisition and divestiture-related items are expected to be $0.18 for the twelve months ending December 31, 2024[47]. - The company expects a pretax gain from the sale of property and charitable contribution expense to be $(0.12) for the twelve months ending December 31, 2024[47]. - The tax effect of the adjustments reflected above is anticipated to be $(0.22) for the twelve months ending December 31, 2024[47]. - The company anticipates pretax discrete restructuring charges of $0.06 for the twelve months ending December 31, 2024[47]. Assets and Equity - Total assets as of September 27, 2024, were $17,453.6 million, up from $16,911.8 million at the end of December 31, 2023[19]. - Goodwill increased to $10,322.3 million as of September 27, 2024, compared to $9,121.7 million at the end of December 31, 2023[19]. - Total stockholders' equity increased to $10,561.5 million as of September 27, 2024, compared to $10,325.3 million at the end of December 31, 2023[19]. Impairments and Charges - The company recognized $2.9 million related to impairment charges during the nine-month period ended September 29, 2023[25]. - The company recorded a gain on the sale of property of $63.1 million during the nine-month period ended September 27, 2024[30]. Capital Expenditures - Capital expenditures (GAAP) for the three months ended September 27, 2024, were $(27.8) million, slightly down from $(27.9) million in the same period last year[46].