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Compared to Estimates, Fortive (FTV) Q3 Earnings: A Look at Key Metrics
FTVFortive(FTV) ZACKS·2024-10-30 14:36

Core Viewpoint - Fortive reported a revenue of 1.53billionforthequarterendedSeptember2024,reflectingayear−over−yearincreaseof2.71.53 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,upfrom0.97, up from 0.85 in the same quarter last year, representing a surprise of +4.30% against the consensus estimate of 0.93[1]−SalesinIntelligentOperatingSolutionsreached0.93 [1] - Sales in Intelligent Operating Solutions reached 661.20 million, which was below the estimated 680.57million,markinga+2.6680.57 million, marking a +2.6% change year-over-year [3] - Advanced Healthcare Solutions generated sales of 322.50 million, exceeding the estimated 314.27million,witha+0.9314.27 million, with a +0.9% change compared to the previous year [3] - Precision Technologies reported sales of 550.90 million, slightly below the estimated 552.71million,reflectinga+3.8552.71 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 141.44million[3]−AdjustedOperatingProfit(Non−GAAP)forIntelligentOperatingSolutionswas141.44 million [3] - Adjusted Operating Profit (Non-GAAP) for Intelligent Operating Solutions was 214.70 million, below the average estimate of 225.54million[3]−AdjustedOperatingProfit(Non−GAAP)forAdvancedHealthcareSolutionswas225.54 million [3] - Adjusted Operating Profit (Non-GAAP) for Advanced Healthcare Solutions was 86.10 million, exceeding the average estimate of 80.23million[3]OperatingProfit−OperatingProfitforAdvancedHealthcareSolutionswas80.23 million [3] Operating Profit - Operating Profit for Advanced Healthcare Solutions was 41 million, above the estimated 34.26million[3]−OperatingProfitforIntelligentOperatingSolutionswas34.26 million [3] - Operating Profit for Intelligent Operating Solutions was 167.70 million, below the estimated 174.78million[3]−OperatingProfitforPrecisionTechnologieswas174.78 million [3] - Operating Profit for Precision Technologies was 122 million, slightly above the estimated 120.29million[3]−OperatingProfitforOthersegmentswas−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]