Key Takeaways Fortive finalized the spin-off of Precision Technologies into Ralliant on June 28, 2025. FTV will now focus on recurring revenue and software, while Ralliant targets innovation in precision tech. FTV expects Q2 EPS near prior guidance despite tariff pressures and softer demand across key markets.Fortive Corporation (FTV) has officially completed the spin-off of its Precision Technologies segment, forming a new independent company, Ralliant Corporation. The separation was finalized on June 28 ...

In the latest trading session, Itron (ITRI) closed at $132.78, marking a +1.17% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.8%. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.97%. Coming into today, shares of the energy and water meter company had gained 15.86% in the past month. In that same time, the Computer and Technology sector gained 8.5%, while the S&P 500 gained 5.12%. Market participants will be closely following the finan ...

Core Insights - Itron, Inc. is launching its Cyble 5 communication module in the Asia-Pacific region, which enhances mechanical water meters into intelligent devices [2][10] - The Cyble 5 module facilitates a transition to automated metering, helping utilities modernize infrastructure, reduce operational costs, and improve sustainability without extensive replacements [3][10] Product Details - Production of the Cyble 5 module will commence in Q4 2025 at PT Mecoindo in Cikarang, Indonesia [4] - The module includes leak detection capabilities, continuous flow alarms, and hourly data collection, which are crucial for water conservation, especially in warmer climates like Australia and New Zealand [4][5] Market Context - Itron has successfully deployed over 2 million Cyble 5 modules in the EMEA region, with positive outcomes such as reduced water losses reported by utilities like Severn Trent Water [6][10] - The introduction of Cyble 5 in Asia-Pacific is expected to yield similar benefits for local utilities [6] Innovation and Growth - Itron's recent product innovations include the Solar Battery Access Point, set to improve connectivity in areas lacking traditional networks, and the IntelliFLEX energy management system, which optimizes grid capacity [7][8] - For Q2, Itron anticipates revenues between $605 million and $615 million, with non-GAAP EPS projected to be $1.30–$1.40, reflecting a 12% year-over-year increase at the midpoint [8] Stock Performance - Itron currently holds a Zacks Rank 3 (Hold) and has seen a stock price increase of 14.2% over the past year, outperforming the Zacks Electronics - Testing Equipment industry's growth of 0.8% [9]

Core Viewpoint - Fortive Corporation is significantly expanding its share repurchase efforts, indicating strong confidence in its long-term growth prospects and disciplined capital allocation strategy [1] Share Repurchase Program - The board of directors has authorized an increase of approximately 15.63 million shares under its general share repurchase program, bringing the total number of shares available for buyback to 20 million, including 4.37 million shares from prior authorizations [2] - The general repurchase program is open-ended with no expiration date, allowing Fortive to repurchase shares at its discretion over time [2] - A Special Purpose Share Repurchase Program has been introduced, permitting the company to repurchase up to $550 million of its common stock using proceeds from the anticipated $1.15 billion pre-separation dividend from Ralliant Corporation [3] Spin-off and Share Distribution - Fortive's board has approved the distribution of 100% of the outstanding shares of Ralliant Corporation to Fortive shareholders through a pro rata dividend, scheduled for June 28, 2025 [4] - Shareholders of record as of June 16, 2025, will receive one share of Ralliant common stock for every three shares of Fortive common stock owned [4] Financial Strategy and Performance - Management has allocated about 75% of its free cash flow toward share repurchases since announcing the spin-off last year, emphasizing a balanced, value-driven capital deployment strategy post-separation [5] - In the first quarter, the company repurchased 2.5 million shares, maintaining a consistent pace of buybacks [6] - Fortive remains committed to using free cash flow for additional share repurchases as it progresses with the anticipated spin-off, which is a positive signal for stock price appreciation [7] Challenges and Guidance - The company has revised its 2025 guidance due to a delayed recovery in Precision Technologies and global tariff impacts, estimating gross tariff costs of $190–$220 million, primarily from China [8] - For the second quarter, adjusted EPS is estimated to be 85-90 cents, including tariff headwinds, which are expected to weigh on adjusted operating margins [8] Market Performance - Fortive currently has a Zacks Rank 4 (Sell), with shares losing 2.8% in the past year compared to no change for the Zacks Electronics - Testing Equipment industry [9]

Core Insights - Fortive Corporation reported first-quarter 2025 adjusted EPS of 85 cents, in line with estimates, with a year-over-year increase of 2.4% [1] - Revenues declined 3.3% year over year to $1.47 billion, missing estimates by 1.2%, with core revenues down 1.7% [1] - The decline in revenues was primarily due to weakness in the Precision Technologies segment, partially offset by growth in Intelligent Operating Solutions and Advanced Healthcare Solutions [1] Financial Performance - Intelligent Operating Solutions generated revenues of $671.4 million, contributing 45.5% to total revenues, up 0.9% year over year [5] - Precision Technologies reported revenues of $500.6 million, down 10.5% year over year, affected by tough comparisons and customer order delays [6] - Advanced Healthcare Solutions achieved revenues of $302.2 million, up 0.8% year over year [6] - Gross profit decreased 3.1% to $880.9 million, with an adjusted operating margin of 25.3%, an increase of 20 basis points year over year [7] Strategic Developments - Fortive announced plans to separate its Precision Technologies business into an independent company, Ralliant, expected to be completed by the end of Q2 2025 [2] - The separation aims to create two focused companies, with Fortive concentrating on IOS and AHS, while Ralliant will specialize in precision instruments [2] - Management revised 2025 guidance due to delayed recovery in Precision Technologies and global tariffs, expecting adjusted diluted EPS to be $3.80 to $4 [3][10] Outlook - For Q2 2025, core performance in Precision Technologies is expected to decline, while the "New Fortive" is anticipated to maintain steady growth [12] - Adjusted EPS for Q2 is projected to be between 85 cents and 90 cents, with the Zacks Consensus Estimate at 99 cents [12] - The company is maintaining its core growth outlook for the "New Fortive," despite potential subdued demand in certain areas [11]

Core Viewpoint - AMETEK, Inc. reported mixed financial results for Q1 2025, with earnings per share exceeding estimates while revenue slightly missed expectations, indicating challenges in its largest segment but some growth in another segment [1][3][7]. Financial Performance - Non-GAAP earnings for Q1 2025 were $1.75 per share, surpassing the Zacks Consensus Estimate by 3.6% and reflecting a 7% year-over-year increase [1]. - Total revenue for the quarter was $1.73 billion, which fell short of the Zacks Consensus Estimate by 0.51% and represented a 0.2% decline year-over-year [1][3]. - Operating income increased by 2% year-over-year to $454.8 million, with an operating margin expansion of 60 basis points [4]. Segment Performance - The EIG segment, accounting for 65.9% of total revenue, reported sales of $1.14 billion, down 1% from the previous year and missing the consensus estimate of $1.15 billion [3]. - The EMG segment, which makes up 34.1% of total revenues, saw sales of $588.3 million, up 2% year-over-year and exceeding the consensus estimate of $580 million [3]. Cash Flow and Balance Sheet - As of March 31, 2025, AMETEK had cash and cash equivalents of $399 million, an increase from $373.9 million in the previous quarter [5]. - Operating cash flow for Q1 was $417.5 million, with free cash flow at $394.5 million, indicating a free cash flow to net income conversion rate of 112% [6]. Guidance - For 2025, AMETEK expects overall sales to increase in low single digits compared to 2024, with the Zacks Consensus Estimate at $7.17 billion, reflecting a year-over-year increase of 3.4% [7]. - The company reiterated its adjusted earnings per share guidance in the range of $7.02-$7.18, suggesting a 3-5% increase, with the consensus estimate at $7.13 per share, indicating a year-over-year increase of 4.4% [7].

Itron (ITRI) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.92%. A quarter ago, it was expected that this energy and water meter company would post earnings of $1.05 per share when it actually produced earnings of $1.35, delivering a surprise of 28.57%.Over the last four quarters, ...

Fortive (FTV) came out with quarterly earnings of $0.85 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this industrial conglomerate would post earnings of $1.12 per share when it actually produced earnings of $1.17, delivering a surprise of 4.46%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Fortive, which belongs ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Ametek, with a focus on how actual results compare to estimates, which could significantly impact stock price [1][2]. Company Summary - Ametek is expected to report quarterly earnings of $1.69 per share, reflecting a year-over-year increase of +3.1% [3]. - Revenues are projected to be $1.74 billion, indicating a slight increase of 0.3% from the previous year [3]. - The consensus EPS estimate has been revised 0.14% higher in the last 30 days, suggesting a positive reassessment by analysts [4]. Earnings Prediction Insights - The Zacks Earnings ESP model indicates that Ametek has a positive Earnings ESP of +0.51%, suggesting analysts are optimistic about the company's earnings prospects [10][11]. - However, Ametek currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [11]. - Historically, Ametek has beaten consensus EPS estimates in the last four quarters, with a surprise of +1.63% in the most recent quarter [12][13]. Industry Context - Cognex Corporation, another player in the electronics-testing equipment industry, is expected to report earnings of $0.13 per share, representing a year-over-year increase of +18.2% [17]. - Cognex's revenues are anticipated to decline by 3.1% to $204.35 million [17]. - The consensus EPS estimate for Cognex has been revised down by 7.1% in the last 30 days, resulting in a negative Earnings ESP of -6.72% [18].

Itron, Inc. (ITRI) is partnering with Norwegian utility provider Norgesnett to roll out the first edge computing deployment in the Nordic region. Utilizing Itron’s Grid Edge Intelligence portfolio, which features distributed intelligence (DI)-enabled smart meters, this collaboration marks a major milestone in modernizing the electricity grid.As part of Norgesnett’s Advanced Metering Infrastructure (AMI) strategy, the utility will use DI to boost visibility and control across the distribution system—from sub ...