Fortive(US:FTV) ZACKS·2025-10-30 13:05Core Insights - Fortive Corporation reported third-quarter 2025 adjusted earnings per share (EPS) of 68 cents, exceeding the Zacks Consensus Estimate of 58 cents, marking a year-over-year increase of 15.3% [1][9] - Revenues for the quarter rose 2.3% year over year to $1.03 billion, surpassing the Zacks Consensus Estimate by 2.1%, with core revenues increasing by 1.9% [1][9] Financial Performance - The company executed $1 billion in share repurchases during the quarter, reflecting its disciplined capital allocation strategy [3] - Fortive raised its full-year 2025 EPS guidance to a range of $2.63 to $2.67, up from the previous estimate of $2.50 to $2.60, due to strong third-quarter performance [4][12] - As of September 26, 2025, cash and cash equivalents were $430.8 million, down from $1,827.4 million as of June 27, 2025 [11] Segment Performance - Intelligent Operating Solutions generated revenues of $698.8 million, contributing 68% to total revenues, with a year-over-year increase of 2.6% [6] - Advanced Healthcare Solutions reported revenues of $328.3 million, accounting for 32% of total revenues, up 1.8% year over year [6] - Adjusted operating margins for Intelligent Operating Solutions were 32.8%, expanding 110 basis points year over year, while Advanced Healthcare Solutions saw adjusted operating margins of 26.7%, rising 130 basis points [10] Outlook - The company anticipates overall core growth to moderate in the fourth quarter, with Advanced Healthcare Solutions core growth expected to remain in line with third-quarter levels [13] - Fortive expects a sequential increase in net interest expense in the fourth quarter and maintains a projected adjusted effective tax rate in the mid-teens for 2025 [13]