Fortive Corp Stock Price, News & Analysis

Fortive Corporation (NYSE:FTV) has authorized a share repurchase program allowing for the purchase of up to 20 million shares of its common stock. CEO James A. Lico stated this action reflects confidence in the company's strategy and strong free cash flow. The timing and amount of share repurchases will depend on market conditions and management's discretion, with no expiration date set for the program. This initiative aims to enhance total shareholder returns while maintaining focus on disciplined mergers and acquisitions.

Fortive Corporation (NYSE: FTV) announced that CEO James A. Lico and CFO Charles E. McLaughlin will present at the Barclays Industrial Select Conference on February 24, 2022, at 9:45 a.m. ET. The presentation will be available via live webcast and archived on their official website, www.fortive.com. Fortive operates across several sectors, including Intelligent Operating Solutions and Precision Technologies, employing over 18,000 people worldwide. The company is based in Everett, Washington.

Fortive Corporation (NYSE: FTV) announced that President and CEO James A. Lico, along with CFO Charles E. McLaughlin, will present at the Citi 2022 Global Industrial Tech and Mobility Conference on Wednesday, February 23, 2022, at 10:30 a.m. ET. The presentation will be available via a live audio webcast, archived on www.fortive.com. Fortive specializes in connected workflow solutions across various markets and employs over 18,000 people globally.

Fortive Corporation (NYSE: FTV) reported strong financial performance for 2021, with net earnings of $614 million and revenues of $5.25 billion, reflecting a 13.4% increase year-over-year. The company achieved core revenue growth of 9.5% and an operating profit margin expansion of 210 basis points. For Q4, revenues rose to $1.37 billion, with GAAP EPS of $0.46 and adjusted EPS of $0.79, up 13% from the previous year. Looking ahead, Fortive anticipates 2022 adjusted EPS between $3.00 and $3.13, driven by strong demand and recent acquisitions.

Fortive Corporation (NYSE: FTV) has declared a quarterly cash dividend of $0.07 per share, scheduled for March 25, 2022. Stockholders of record as of February 25, 2022 will receive this payment. Fortive aims to maintain quarterly dividends, subject to its Board of Directors' discretion. The company operates across multiple sectors including Intelligent Operating Solutions and Precision Technologies, employing over 18,000 people globally.

Censis Technologies announces the retirement of CEO Randy Smith, effective March 31, 2022. Smith has led the company since 2006, establishing it as a leader in surgical asset management solutions in the U.S. Ankush Kaul will succeed him as President on January 18. Kaul, previously with Setra Systems and affiliated with Fortive, expresses excitement about continuing Censis's innovation and growth. Censis provides SaaS solutions aimed at improving operational efficiency in healthcare settings, with over 1,300 hospitals using its CensiTrac® technology.

Fortive Corporation (NYSE: FTV) will host its fourth quarter 2021 earnings conference call on February 3, 2022, at 12:00 p.m. ET. The call will last approximately 1 hour and can be accessed via the company’s website or by phone. A replay will be available two hours after the call until February 16, 2022. Fortive is currently in a quiet period, refraining from interactions with investors until the earnings release. The company specializes in connected workflow solutions across various markets and employs over 18,000 people globally.

Fortive Corporation (NYSE: FTV) has successfully completed its acquisition of Provation Software, Inc., integrating it into its Advanced Healthcare Solutions segment. CEO James A. Lico highlighted that this acquisition will enhance workflow solutions for healthcare facilities, improving patient care efficiency. With Provation’s established clinical software and customer base, Fortive anticipates significant growth opportunities and better cash flow generation. The deal is expected to bolster Fortive's position in the healthcare sector, aligned with its strategic goals.

Clearlake Capital has announced the sale of Provation, a provider of SaaS-based clinical productivity solutions, to Fortive (NYSE: FTV). The transaction is expected to close by year-end 2021. Clearlake, which acquired Provation in March 2018, has significantly expanded its operations, resulting in double-digit organic revenue growth and doubled adjusted EBITDA over three years. Provation now serves over 5,000 healthcare systems, including 19 of the top 20 U.S. hospitals. Fortive aims to integrate Provation's expertise into its Advanced Healthcare Solutions segment.