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.