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Fortive Corporation - FTV STOCK NEWS

Welcome to our dedicated page for Fortive Corporation news (Ticker: FTV), a resource for investors and traders seeking the latest updates and insights on Fortive Corporation stock.

Fortive Corporation (FTV) is a global conglomerate comprising over 20 industry-leading companies, unified by a common mission: to make the world stronger, safer, and more effective by delivering essential technology to those driving progress. Established in 2016 following its spin-off from Danaher, Fortive has built a strong heritage and a proven track record of growth.

The company operates across various fast-evolving sectors such as software development, robotics, transportation, energy, and healthcare. Its portfolio includes mission-critical products and services in areas like field solutions, product realization, health, and sensing technologies. Serving a diverse range of markets including manufacturing, utilities, medical, and electronics, Fortive generated approximately $6.1 billion in revenue in 2023.

Fortive's commitment to innovation and growth is evident in its vibrant culture that emphasizes continuous learning, empowerment, and opportunity. This dynamic environment balances the excitement of a startup with the stability of an established organization, providing extraordinary opportunities for both the company and its employees. Fortive's financial strength and foundation of success ensure its ability to tackle significant challenges with real-world impact.

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Fortive has scheduled its second quarter 2024 earnings conference call for July 24, 2024, at 12:00 p.m. ET. The call will be webcast on Fortive’s website under the 'Investors' section. A slide presentation will accompany the call, and a replay will be available shortly after the call concludes. Access to the conference call is available by dialing specific numbers for U.S. and international participants. Recording of the call will be accessible until August 7, 2024. Fortive is currently in its 'quiet period' until the earnings release on July 24, 2024, which means no interaction with the investment community during this time.

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A recent survey by Fluke Reliability reveals that manufacturers are leading in AI adoption, with 61% expecting to meet their AI goals within 11 months. Conducted by Censuswide, the survey involved over 600 senior decision-makers and maintenance professionals from the US, UK, and Germany.

AI is a high business priority for 93% of respondents, with significant investment planned for AI technologies in 2024. Predictive maintenance is a key focus, with 77% aiming to shift from reactive to proactive strategies.

Investments are driven by the benefits of AI, such as improved efficiency, new product development, and addressing labor shortages. Despite only 9% having completed their Industry 5.0 goals, manufacturers show strong confidence in AI's transformative potential.

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Fortive announced that Olumide Soroye, President and CEO of Intelligent Operating Solutions, will present at the Wolfe Research Global Transportation and Industrials Conference on May 22nd, 2024. The event will be webcasted and archived on the company's website.

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Fortive (NYSE: FTV) has released its 2023 Annual Sustainability Report, showcasing significant reductions in greenhouse gas emissions, sustainable products and services, responsible sourcing, and third-party validation.

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Fortive announced that its executives will be presenting at the Bank of America Transportation, Airlines, and Industrials Conference. The presentation will be webcasted and archived on the company's website.

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Fortive (NYSE: FTV) has announced that Tami Newcombe, President and CEO of Precision Technologies (PT) and Advanced Healthcare Solutions (AHS), will present at the Bank of America Transportation, Airlines, and Industrials Conference on May 15, 2024, at 9:30 a.m. ET.

The presentation will be webcast live and archived on Fortive's website. This event highlights Fortive's ongoing engagement with investors and industry stakeholders.

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Fortive reported strong first-quarter 2024 results, showcasing a 4% revenue growth and a 3% core revenue growth. The company raised its full-year 2024 outlook, with a year-over-year increase of 7% to 11% in GAAP diluted EPS and 10% to 13% in adjusted diluted EPS. The company's strategy for growth is proving successful, with improved performance across all segments and record margin performance.
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Fortive (FTV) declares a regular quarterly cash dividend of $0.08 per share, payable on June 28, 2024, to common stockholders of record on May 31, 2024.
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Fortive (FTV) announces the webcast of its first quarter 2024 earnings conference call on April 24, 2024, at 12:00 p.m. ET. The call will last approximately 1 hour and will be available for replay until May 8, 2024. Investors can access the webcast and presentation materials on Fortive's website. Fortive is currently in a quiet period until the earnings release date.
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Fluke Corp, a subsidiary of Fortive , launches the PVA-1500 Series I-V curve tracer, enhancing efficiency and accuracy for utility-scale solar testing. The tool offers fast measurements, accurate results for high-efficiency panels, intuitive operation, and enhanced workflow, optimizing performance and ROI for solar installations.
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FAQ

What does Fortive Corporation do?

Fortive Corporation is a global conglomerate of over 20 companies, providing essential technology in sectors such as software development, robotics, transportation, energy, and healthcare.

When was Fortive Corporation established?

Fortive Corporation was established in 2016 following a spin-off from Danaher Corporation.

What sectors does Fortive Corporation operate in?

Fortive operates in sectors including software development, robotics, transportation, energy, and healthcare.

What is the revenue of Fortive Corporation?

Fortive Corporation generated approximately $6.1 billion in revenue in 2023.

What are some of Fortive Corporation's key products and services?

Fortive offers products and services in areas such as field solutions, product realization, health, and sensing technologies.

Which markets does Fortive Corporation serve?

Fortive serves a wide range of markets including manufacturing, utilities, medical, and electronics.

What is the culture like at Fortive Corporation?

Fortive has a vibrant culture that emphasizes opportunity, empowerment, continuous learning, and growth.

How has Fortive Corporation evolved over the years?

Fortive has grown from its roots in Danaher to become a global leader in industrial technology, continuously expanding its portfolio and market presence.

What is the significance of Fortive's financial strength?

Fortive's financial strength provides stability and the ability to take on significant challenges with real-world impact, ensuring long-term growth and innovation.

What kind of opportunities does Fortive offer to its employees?

Fortive offers extraordinary opportunities for growth, innovation, and continuous learning in a dynamic, empowering environment.

Fortive Corporation

NYSE:FTV

FTV Rankings

FTV Stock Data

26.61B
352.03M
0.33%
96.04%
0.62%
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Manufacturing
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United States of America
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