Fortive Corp Stock Price, News & Analysis

Fortive Corporation (NYSE: FTV) reported strong financial results for Q4 and the full year 2022. Q4 revenues grew 11% year-over-year to $1.53 billion, with core revenue growth of 14%. The company's GAAP EPS for Q4 was $0.64, while adjusted EPS was $0.88, marking an 11% increase. For FY 2022, revenues rose by 10.9% to $5.83 billion, with diluted EPS of $2.10. Looking ahead, Fortive expects 2023 GAAP EPS between $2.30 and $2.45, and adjusted EPS between $3.25 and $3.40, indicating continued growth. The company’s CEO highlighted the effectiveness of their business model amidst challenging market conditions.

Fortive Corporation (NYSE: FTV) has declared a quarterly cash dividend of $0.07 per share, payable on March 31, 2023, to shareholders on record as of February 24, 2023. The company anticipates maintaining this quarterly dividend structure, although future payments are subject to the Board's discretion. Fortive operates across strategic segments including Intelligent Operating Solutions and Precision Technologies, employing over 18,000 staff globally. The company emphasizes continuous improvement and is based in Everett, Washington.

Fortive Corporation (NYSE: FTV) announced a webcast for its fourth quarter and full year 2022 earnings conference call on February 1, 2023, at 12:00 p.m. ET. The call will last approximately one hour and will be accessible via Fortive’s website, with a replay available shortly after the conclusion. Fortive is currently in its 'quiet period' until these earnings are released, during which it will not engage with the investment community. The firm provides essential technologies across various sectors, supported by over 18,000 employees worldwide.

Fortive Corporation (NYSE: FTV) has announced the appointment of Eric Branderiz as a new director, expanding its Board from eight to nine members. His term begins on January 1, 2023. Alan Spoon, Chairman of the Board, highlighted Branderiz’s extensive experience in finance and technology sectors, alongside his background in risk management and corporate governance. Previously, he served as CFO of Enphase Energy and held senior roles at Tesla and SunPower. CEO James A. Lico expressed optimism about Branderiz's contributions to Fortive's growth strategy and shareholder value.

Fortive Corporation (NYSE: FTV) has declared a quarterly cash dividend of $0.07 per share, aimed at rewarding shareholders. This dividend will be payable on December 30, 2022, to those on record as of November 30, 2022. While Fortive intends to distribute dividends quarterly, future payments are subject to the Board's discretion. The company, based in Everett, Washington, specializes in connected workflow solutions and operates across several strategic segments, employing over 18,000 people globally.

Fortive Corporation (NYSE:FTV) announced that President and CEO James A. Lico will present at the Baird 2022 Global Industrial Conference on Wednesday, November 9th, 2022, at 11:15 a.m. ET. The presentation will be available via a live audio webcast, which will also be archived for later access. Fortive, headquartered in Everett, Washington, offers essential technologies across various markets, including Intelligent Operating Solutions and Precision Technologies, employing over 18,000 people worldwide. For more details, visit www.fortive.com.

Fortive Corporation (NYSE: FTV) reported a 12% year-over-year revenue growth in Q3 2022, reaching $1.46 billion. The company achieved a 20% growth in adjusted earnings per share, totaling $0.79. Net earnings from continuing operations were $190 million. Fortive raised its 2022 earnings outlook, projecting GAAP EPS between $2.05 and $2.07 and adjusted EPS between $3.10 and $3.13. Despite facing foreign exchange and supply chain challenges, the firm highlights robust performance and strong cash flow generation.

Fortive Corporation (NYSE: FTV) will host a webcast of its third-quarter earnings conference call on October 26, 2022, at 12:00 p.m. ET. The presentation is expected to last approximately one hour and will be available on Fortive's website under the 'Investors' section. A replay will be accessible for two weeks following the call. Currently, Fortive is in a 'quiet period' until the earnings report is released. The company specializes in connected workflow solutions across various end-markets, employing over 18,000 staff globally.