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 reports developments across a diversified industrial technology business focused on essential products, software, and services. Its continuing operations are organized around Intelligent Operating Solutions and Advanced Healthcare Solutions, with brands and platforms tied to maintenance, repair, measurement, condition monitoring, worker safety, compliance, facilities, and healthcare technology markets.
Recurring Fortive news includes quarterly results, earnings calls, share repurchase authorizations, investor conference appearances, and updates following the completed separation of its former Precision Technologies segment into Ralliant. Product news often centers on Fluke offerings such as RotAlign laser shaft alignment systems, SmartTrace underground utility locators, and eMaint CMMS/EAM software with artificial intelligence features for maintenance work.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.