Fortive Corporation (NYSE:FTV) Q4 2022 Earnings Conference Call February 1, 2023 12:00 PM ET Company Participants Elena Rosman - VP, IR Jim Lico - President and CEO Chuck McLaughlin - SVP and CFO Conference Call Participants Steve Tusa - JPMorgan Chase Julian Mitchell - Barclays Scott Davis - Melius Research Jeff Sprague - Vertical Research Nigel Coe - Wolfe Research Andy Kaplowitz - Citigroup Josh Pokrzywinski - Morgan Stanley Deane Dray - RBC Capital Markets Joe O'Dea - Wells Fargo Joe Giordano - Cowen Op ...

Advanced Healthcare Solutions Acquisitions (Non-GAAP) 2.4 % FORWARD LOOKING STATEMENTS & NON-GAAP FINANCIAL All financial metrics relate only to the continuing operations, and all growth or period changes refer to year-over-year comparisons unless otherwise stated. Please refer to the corresponding Form 10-K for the year ended December 31, 2022 for additional details relating to the financial results and performances discussed in this presentation. Q4 $1,530M FY $5,826M Q4 58.3% FY 57.7% Q4 $0.88 FY $3.15 Q ...

Fortive Corporation (NYSE:FTV) Q3 2022 Results Conference Call October 26, 2022 12:00 PM ET Company Participants Elena Rosman - Vice President of Investor Relations Jim Lico - President and Chief Executive Officer Chuck McLaughlin - Senior Vice President and Chief Financial Officer Conference Call Participants Deane Dray - RBC Capital Markets Josh Pokrzywinski - Morgan Stanley Steve Tusa - JPMorgan Julian Mitchell - Barclays Scott Davis - Melius Research Jeff Sprague - Vertical Research Partners Andrew Obin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-37654 _____________________ ...

6 FORTIVE | --- | --- | --- | |---------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Second Quarter 2022 | | | | | | | | Earnings Release | | | FORWARD LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Statements in this presentation that are not strictly historical, including statements regarding anticipated financial results, economic conditions, future prospects, impact of supply chain constraints, duration and impact of COVID-19 pandemic and the corresponding government mandate ...

Financial Data and Key Metrics Changes - The company achieved 9% core revenue growth, 190 basis points adjusted operating margin expansion, and 18% adjusted earnings per share growth in Q2 2022, exceeding guidance [5][10] - Total revenue grew by 11% year-over-year, with core growth of 9%, while acquisitions contributed 5 points to total growth [23] - Adjusted earnings per share increased 18% to $0.78, reflecting strong volume growth and lower share count [28] Business Line Data and Key Metrics Changes - Intelligent Operating Solutions (IOS) saw revenues up 16% with core revenue growth of 12%, driven by strong demand in North America and Western Europe [13] - Precision Technologies reported total revenue growth of 6% and core revenue growth of 9%, with significant demand in industrial and medical sectors [17] - Advanced Healthcare Solutions (AHS) experienced total revenue growth of 9% but core revenue growth of only 3%, impacted by COVID-related challenges in China [19] Market Data and Key Metrics Changes - North America core revenues increased by high single digits, while Western Europe revenues grew mid-teens, indicating strong performance across regions [24][25] - China revenues increased mid-teens despite lockdowns, with a 20% order growth as customers sought to replenish inventories [26] - The company noted strong double-digit revenue growth in high-growth markets [26] Company Strategy and Development Direction - The company is focused on enhancing its recurring revenue profile and diversifying its end markets, with healthcare now being the largest revenue source [11][12] - The Fortive Business System (FBS) is emphasized as a key differentiator, driving innovation and operational efficiency [21][39] - The company plans to continue prioritizing M&A as a primary driver of capital deployment while maintaining a strong balance sheet [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate supply chain challenges and inflation, expecting continued core growth in the second half of the year [9][10] - The company raised its full-year outlook, anticipating core revenue growth of 8% to 9.5% and adjusted earnings per share in the range of $3.07 to $3.13 [29][30] - Management highlighted the importance of backlog and recurring revenue as buffers against potential economic slowdowns [91][92] Other Important Information - The company achieved a free cash flow of $276 million in Q2, reflecting a 98% conversion rate [28] - Sustainability initiatives were highlighted, including early achievement of greenhouse gas emissions reduction targets [36][37] Q&A Session Summary Question: Concerns about AHS segment pricing and growth - Management acknowledged challenges in pricing and volumes, particularly in China, but anticipated acceleration in core growth for AHS in the second half [46][47] Question: Capital deployment and share buybacks - Management indicated that M&A remains a priority, with opportunistic share buybacks occurring as needed [51][52] Question: M&A pipeline and market conditions - Management noted that while private equity remains active, the market is experiencing longer transaction times and higher prices [55][56] Question: Performance in Western Europe - Management attributed strong performance in Western Europe to backlog management and favorable market conditions [57][59] Question: Insights on Tektronix order strength - Management highlighted innovation and strong demand in Tektronix, with a book-to-bill ratio of 1.3 [76][77] Question: Free cash flow dynamics - Management explained that the second half typically sees stronger free cash flow due to seasonal factors and working capital relief [100]

(9) FORTIVE | --- | --- | |------------------------------------|-------| | | | | Cowen 2 nd Annual Sustainability | | 2 FORWARD LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Statements in this presentation that are not strictly historical, including statements regarding anticipated sustainability results, future prospects, anticipated market opportunities, and any other statements identified by their use of words like "anticipate," "expect," "believe," "outlook," "guidance," "forecast," or "will" or othe ...

(9) FORTIVE | --- | --- | --- | --- | |---------------------------|-------|-------|-------| | | | | | | | | | | | Wolfe Industrial Growth & | | | | | Technology Conference | | | | 2 FORWARD LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Statements in this presentation that are not strictly historical, including statements regarding anticipated financial results, economic conditions, future prospects, anticipated market opportunities, business and acquisition opportunities, and any other statements identif ...

Fortive Corporation (NYSE:FTV) Q1 2022 Earnings Conference Call April 28, 2022 12:00 PM ET Company Participants Elena Rosman – Vice President-Investor Relations Jim Lico – President and Chief Executive Officer Chuck McLaughlin – Senior Vice President and Chief Financial Officer Conference Call Participants Steve Tusa – JPMorgan Julian Mitchell – Barclays Andrew Obin – Bank of America Nigel Coe – Wolfe Research Deane Dray – RBC Scott Davis – Melius Research Jeff Sprague – Vertical Research Andy Kaplowitz – C ...

Ø FORTIVE | --- | --- | --- | --- | |--------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | First Quarter 2022 | | | | | Earnings Release | | | | 2 FORWARD LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Statements in this presentation that are not strictly historical, including statements regarding anticipated financial results, economic conditions, future prospects, impact of supply chain constraints, duration and impact of COVID-19 pandemic and the correspondin ...