Welcome to our dedicated page for Fortive news (Ticker: FTV), a resource for investors and traders seeking the latest updates and insights on Fortive stock.
Fortive Corp (FTV) operates at the forefront of industrial technology innovation, providing mission-critical solutions across manufacturing, healthcare, and electronics sectors. This news hub offers investors and industry professionals a comprehensive view of corporate developments through verified press releases and strategic updates.
Access real-time information on earnings announcements, product launches, and operational milestones directly impacting Fortive's market position. Our curated collection ensures you stay informed about advancements in sensing technologies, field instrumentation, and industrial automation solutions that drive the company's growth.
The page features essential updates including quarterly financial results, leadership changes, partnership announcements, and regulatory filings. Each entry provides context about how developments align with Fortive's focus on operational excellence and diversified industrial applications.
Bookmark this resource for streamlined access to objective, up-to-date information about Fortive's technological innovations and business strategies. Regularly updated content helps stakeholders make informed decisions by tracking the company's progress in key markets and emerging technologies.
Fortive Corporation (NYSE: FTV) reported a solid Q1 2023, achieving 6% revenue growth to $1.46 billion, with a 9% core revenue increase driven by strong demand. Net earnings reached $174 million, resulting in a GAAP EPS of $0.49 and an adjusted EPS of $0.75, up 7%. The company has raised its 2023 guidance, projecting a GAAP EPS between $2.33 to $2.44 and adjusted EPS of $3.29 to $3.40. Fortive announced a leadership change, with Tami Newcombe expanding her role to head the Advanced Healthcare Solutions segment. The second quarter outlook anticipates revenues of approximately $1.5 billion and adjusted EPS between $0.78 to $0.82. CEO James A. Lico expressed confidence in their strategic direction, emphasizing growth and margin expansion opportunities.
Fortive Corporation (NYSE: FTV) announced a quarterly cash dividend of $0.07 per share, payable on June 30, 2023 to stockholders of record as of May 26, 2023. This dividend reflects Fortive's commitment to returning value to shareholders, although future dividends are subject to the Board's discretion. The company operates in essential technology sectors, providing connected workflow solutions through its segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Fortive employs over 18,000 individuals across more than 50 countries, building on leading brands and innovative technologies.
Provation, a leading provider of healthcare productivity solutions and a subsidiary of Fortive Corporation (NYSE: FTV), announced the appointment of Anita Santos as Chief Marketing Officer (CMO). With over 25 years of leadership experience in the life sciences, medical device, and software technology sectors, Santos previously served as Executive Vice President at LabMinds and CMO at Signify, overseeing a $1.5 billion US market. Her expertise includes product pricing, strategic marketing, and mergers and acquisitions at Johnson Controls. Santos aims to enhance market share and revenue for Provation, which offers innovative software solutions for healthcare providers. The company serves more than 5,000 healthcare facilities globally, including 19 of the top 20 U.S. hospitals, focusing on delivering quality patient care.
Provation, a leading provider of healthcare software solutions and a wholly-owned subsidiary of Fortive Corporation (NYSE: FTV), has announced the retirement of Daniel Hamburger as CEO. He has been pivotal in Fortive's acquisition of Provation and established a strong leadership team. Ankush Kaul will succeed him as President, effective April 10. Kaul brings over 12 years of experience at Fortive, where he has consistently met financial objectives. He aims to leverage the existing strategic plan and leadership team to continue driving innovation and growth. Provation serves over 5,000 healthcare facilities globally, highlighting its significant presence in the market.
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