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 Corporation (NYSE: FTV) is an industrial technology company with strategic segments in Intelligent Operating Solutions and Advanced Healthcare Solutions. The Fortive news feed on Stock Titan aggregates company announcements, segment updates, and disclosures that illustrate how Fortive’s businesses operate across industrial measurement, calibration, and healthcare infection prevention.
Investors and observers can find news about Fortive’s earnings releases, including quarterly results and guidance updates, along with details on segment performance for Intelligent Operating Solutions and Advanced Healthcare Solutions. The company also issues announcements regarding capital allocation, such as regular quarterly dividends and share repurchase authorizations approved by its Board of Directors.
News from Fortive’s operating companies provides additional context on its industrial and healthcare footprint. Fluke Corporation, which describes itself as a world leader in compact, professional electronic test tools and software for measuring and condition monitoring, publishes updates on software-as-a-service offerings like CalStudio and research into unplanned downtime in industrial manufacturing. These releases shed light on how Fluke supports technicians, engineers, and maintenance professionals in managing industrial, electrical, and electronic equipment and calibration processes.
Within healthcare, Advanced Sterilization Products (ASP) issues news on infection prevention technologies, such as the ULTRA GI Cycle for the STERRAD 100NX Sterilizer with ALLClear Technology. ASP’s announcements highlight developments in hydrogen peroxide gas plasma sterilization for complex devices like duodenoscopes and describe collaborations with medical device manufacturers and partners in Europe.
By following this news page, readers can review Fortive’s official communications on financial performance, strategic actions such as the separation of Ralliant Corporation, and product and technology updates from its key brands. The feed provides a centralized view of Fortive’s ongoing activities in industrial technology and healthcare solutions.
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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.
Fortive Corporation (NYSE: FTV) will host its earnings conference call for Q1 2023 on April 26, 2023, at 12:00 p.m. ET. The call will last approximately 1 hour and will be accessible via a webcast on Fortive’s website. A replay will be available post-call until May 10, 2023. Fortive is currently in a 'quiet period' leading up to the earnings release, during which it will not engage with investors. The company operates in connected workflow solutions across various strategic segments such as Intelligent Operating Solutions and Advanced Healthcare Solutions, employing over 18,000 people globally.
Zoovu, a leader in AI-powered product discovery, has announced the appointment of David Dean as CFO and Ken Yanhs as CMO, enhancing its executive team alongside CEO James Novak and CRO Ben Rey. Dean previously served as CFO at Fiix Software, where he contributed to its successful acquisition by Rockwell Automation (NYSE: ROK). Yanhs, from IntelyCare, played a key role in driving substantial revenue growth. The company is relocating its headquarters to Boston from the UK, signaling a commitment to global expansion. Zoovu reported 3x revenue growth in the last three years and raised $169 million in funding from FTV Capital (NYSE: FTV) to strengthen its platform.
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Fortive Corporation (NYSE: FTV) announced that its President and CEO, James A. Lico, and CFO, Charles E. McLaughlin, will present at the J.P. Morgan Industrials Conference on March 16, 2023, at 11:20 a.m. ET. The presentation will be available via a simultaneous webcast and will be archived on www.fortive.com.
Fortive is based in Everett, Washington, and specializes in technologies for connected workflow solutions across various markets, employing over 18,000 people globally.
Fortive Corporation (NYSE: FTV) has announced that CEO James A. Lico will present at the Bank of America Global Industrials Conference on Tuesday, March 21, 2023, at 8:55 a.m. ET. This presentation will be available via a live audio webcast and will be archived on Fortive's official website, www.fortive.com. Fortive specializes in essential technologies for connected workflow solutions, operating in segments such as Intelligent Operating Solutions and Advanced Healthcare Solutions, with over 18,000 employees globally.
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