Fortive Corp Stock Price, News & Analysis

Fortive Corporation (NYSE: FTV) announced that President and CEO of Intelligent Operating Solutions, Olumide Soroye, will speak at the Evercore ISI Technology Conference on September 7, 2022, at 8:45 a.m. ET. The presentation will be available via a live webcast and will be archived for later access on Fortive's official website.

Fortive, headquartered in Everett, Washington, employs over 18,000 professionals globally, focusing on connected workflow solutions across various sectors, including Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions.

Fortive Corporation (NYSE: FTV) announced a quarterly cash dividend of $0.07 per share, payable on September 30, 2022. The record date for common stockholders is August 31, 2022. While Fortive anticipates continuing quarterly dividends, future declarations are at the Board's discretion. The company specializes in connected workflow solutions across various sectors and has a global workforce exceeding 18,000 employees. Factors affecting future dividend payments include market conditions, competition, and regulatory changes.

Jane, a boutique marketplace, is transitioning from a deals platform to a comprehensive shopping destination. This transformation includes a new tech infrastructure and key executive appointments, such as Laura Ravo as Chief Operating Officer and Krista Kochivar as Chief Financial Officer. Ravo, with extensive retail experience, will enhance marketplace operations and customer experience. Kochivar brings over 20 years in financial management from publicly traded companies. These strategic changes aim to strengthen Jane's position in the marketplace.

Jane is evolving from a deals platform to a boutique marketplace, enhancing its tech stack and leadership team to support this shift. Newly appointed COO Laura Ravo, with extensive retail experience, will oversee marketplace operations. Krista Kochivar joins as CFO, bringing over 20 years of financial expertise from public companies. CEO Joana McKenna emphasizes the importance of these appointments for growth and customer experience. These strategic changes aim to place Jane as a leading destination for boutique shoppers.

Fortive (FTV) reported robust Q2 2022 financial results, achieving 11% revenue growth year-over-year, totaling $1.46 billion. Core revenue rose by 9%, demonstrating effective mitigation of COVID-related impacts, particularly from the Shanghai lockdown. Adjusted diluted EPS increased by 18% to $0.78. The company narrowed its full-year revenue forecast to $5.78-$5.83 billion and raised core growth outlook to 8-9.5%. Notably, Fortive recorded a $16.2 million charge due to exiting the Russian market, but continued to see strong demand in workflow solutions.

Fortive Corporation (NYSE: FTV) announced it will webcast its earnings conference call for Q2 2022 on July 28, 2022, at 12:00 p.m. ET. This call will be available on the company’s website, along with a presentation. The earnings press release and related materials will also be posted on the 'Investors' section of Fortive’s website. Currently, Fortive is in a 'quiet period' until the earnings release date, meaning no interaction with the investment community will occur during this time.

Fortive Corporation (NYSE: FTV) announced that CEO James A. Lico and Precision Technologies CEO Tami S. Newcombe will present at the Wolfe Research 15th Annual Global Transportation & Industrials Conference on May 24, 2022, at 10:20 a.m. ET. The presentation will be webcast live and archived on Fortive's official website. Fortive specializes in connected workflow solutions across various sectors, employing over 18,000 individuals globally, with a strong focus on innovation and continuous improvement.