Fortive Corp Stock Price, News & Analysis

Fortive Corporation (NYSE: FTV) announced that its President and CEO, James A. Lico, will present at the Bank of America 2021 Global Technology Conference on June 9, 2021, at 10:00 a.m. ET. The presentation will be webcast live and archived for later access on www.fortive.com.

Fortive specializes in essential technologies for connected workflow solutions, operating in diverse markets with segments like Intelligent Operating Solutions and Precision Technologies. The company, headquartered in Everett, Washington, has over 17,000 employees globally.

Fortive Corporation (NYSE: FTV) announced that CEO Jim Lico and CFO Chuck McLaughlin will present at the Wolfe Research Global Transportation & Industrials Conference on May 26, 2021, at 2:50 p.m. ET. The presentation will be webcast live and archived on Fortive's website. Fortive specializes in connected workflow solutions across various sectors, employing over 17,000 staff globally. Its strategic segments include Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions, highlighting its strong market presence and commitment to innovation.

Fortive Corporation (NYSE: FTV) will hold a virtual investor day on May 19, 2021, starting at 10:00 a.m. ET and ending at approximately 1:15 p.m. ET. The live video webcast can be accessed through the Investors section of Fortive’s website at www.fortive.com. A replay will be available after the presentation. Fortive provides essential technologies across various markets, focusing on Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions, supported by a global team of over 17,000 employees.

Fortive Corporation (NYSE: FTV) has announced the promotions of Justin McElhattan and Tami Newcombe to Group President. McElhattan, previously President of Industrial Scientific Corporation, will enhance Fortive’s Environmental Health and Safety (EHS) initiatives. Newcombe, who served as President of Tektronix, will oversee Fortive's operations in India and lead the Inclusion & Diversity Council. Both leaders will focus on driving innovation and growth across their respective sectors, reinforcing Fortive's commitment to its Business System and sustainable practices.

Fortive Corporation (NYSE: FTV) announced its Q1 2021 financial results, reporting net earnings of $111.7 million and adjusted net earnings of $229.1 million. Revenues from continuing operations increased by 13.6% year-over-year to $1.3 billion, with a core revenue growth of 9.1%. Diluted net earnings per share were $0.28, while adjusted diluted net earnings per share reached $0.63. For Q2 2021, Fortive expects diluted net earnings per share to range from $0.32 to $0.36. The company highlights robust performance across its portfolio, driven by improved growth and strong free cash flow.

Fortive Corporation (NYSE: FTV) declared a regular quarterly cash dividend of $0.07 per share, payable on June 25, 2021. The company also announced a $12.50 dividend for its 5.00% Mandatory Convertible Preferred Stock, Series A, payable on July 1, 2021. Following this, all outstanding shares of the preferred stock will convert to common stock at the applicable rate. Future dividends are subject to Board discretion. Fortive operates across sectors including Intelligent Operating Solutions and Precision Technologies, employing over 17,000 employees globally.

Fortive Corporation (NYSE: FTV) has reported a mini-tender offer from TRC Capital Investment Corporation to buy up to 2,000,000 shares at $68.00 each, representing a 4.57% discount to Fortive's closing price on March 26, 2021. Fortive strongly advises shareholders to reject this offer, as it falls below the market price. The company emphasizes that the offer is contingent on TRC securing sufficient financing. Fortive disassociates itself from TRC, warning investors to be cautious and consult financial advisors before considering the offer.

Fortive Corporation (NYSE: FTV) announced its earnings conference call for Q1 2021, scheduled for April 29, 2021, at 5:30 p.m. ET. During this call, Fortive will present its financial results, which will be available through a webcast on their investor website. A replay of the call will be accessible within two hours post-call until May 13, 2021. Currently, Fortive is in a "quiet period" where it will refrain from engaging with the investment community until the earnings release. The company offers essential technologies across multiple sectors, focusing on continuous improvement and innovation.

Advanced Sterilization Products, a subsidiary of Fortive Corporation (NYSE: FTV), appointed Aisha Barry as the new president. Her background in healthcare, coupled with software and consumer products innovation, aims to enhance ASP's digital capabilities, build strategic partnerships, and boost international sales. Prior to joining ASP, Aisha held leadership positions at Philips, Medtronic, and John Deere. She holds an MBA from Tuck School of Business at Dartmouth and a degree in chemical engineering from The Ohio State University.