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 Corp (FTV) operates at the forefront of industrial technology innovation, providing mission-critical solutions across manufacturing, healthcare, and electronics sectors. This news hub offers investors and industry professionals a comprehensive view of corporate developments through verified press releases and strategic updates.
Access real-time information on earnings announcements, product launches, and operational milestones directly impacting Fortive's market position. Our curated collection ensures you stay informed about advancements in sensing technologies, field instrumentation, and industrial automation solutions that drive the company's growth.
The page features essential updates including quarterly financial results, leadership changes, partnership announcements, and regulatory filings. Each entry provides context about how developments align with Fortive's focus on operational excellence and diversified industrial applications.
Bookmark this resource for streamlined access to objective, up-to-date information about Fortive's technological innovations and business strategies. Regularly updated content helps stakeholders make informed decisions by tracking the company's progress in key markets and emerging technologies.
Fortive has announced the acquisition of Provation Software for $1.425 billion, enhancing its Advanced Healthcare Solutions segment. This strategic move is poised to accelerate Fortive's position in critical workflow solutions for hospitals and ASCs. Provation, anticipated to post $110 million in revenue for 2021, serves over 5,000 customers. The acquisition expects double-digit revenue growth and over $0.08 accretion to adjusted EPS in fiscal 2022, with 70% of revenue recurring. This partnership is expected to broaden growth opportunities and enhance patient care.
Fortive Corporation has appointed Wright Lassiter III as a director, effective January 1, 2022. Lassiter, currently the President and CEO of Henry Ford Health System, brings nearly three decades of healthcare leadership experience. His expertise is anticipated to enhance Fortive's strategic direction, particularly in its Advanced Healthcare Solutions segment, as stated by CEO James A. Lico. Lassiter's background includes a role as chair-elect of the AHA Board and directorships at Quest Diagnostics and DT Midstream.
Fortive Corporation (NYSE: FTV) has appointed Elena Rosman as Vice President of Investor Relations, effective November 29, 2021. With over ten years of experience in investor relations at Aptiv and Honeywell, Rosman will report to Chuck McLaughlin, Fortive’s CFO. Her role involves leading investor relations initiatives and enhancing communication about Fortive's strategic vision and shareholder value. Current VP Griffin Whitney will assist during the transition before moving to a new role in corporate development. This move is part of Fortive's strategy to strengthen its leadership team.
Fortive Corporation (NYSE: FTV) has declared a quarterly cash dividend of $0.07 per share, to be paid on December 30, 2021, to stockholders on record as of November 26, 2021. The company remains committed to paying dividends quarterly, although future amounts and dates are subject to Board discretion. Fortive provides essential technologies across various markets, employing over 18,000 people globally.
Fortive Corporation (NYSE: FTV) announced its participation at the Baird 2021 Global Industrial Conference on November 10, 2021, at 10:15 a.m. ET. The presentation will feature CEO Jim Lico and CFO Chuck McLaughlin, with a simultaneous audio webcast available on the company's website. Fortive is a provider of essential connected workflow technologies across various markets, employing over 18,000 staff globally. The company's operations focus on continuous improvement through its Fortive Business System.
Fortive Corporation (NYSE: FTV) reported a robust 12.0% increase in total revenue for Q3 2021, reaching $1.3 billion, with core revenue growing by 9.1%. Net earnings from continuing operations stood at $151.1 million, translating to $0.42 diluted earnings per share. Adjusted diluted EPS improved significantly to $0.66, marking a 32% increase. The acquisition of ServiceChannel was completed, enhancing their portfolio in software-enabled solutions. For Q4 2021, Fortive anticipates EPS between $0.45-$0.50 and adjusted EPS of $0.74-$0.79.
Fortive Corporation (NYSE: FTV) announced leadership transitions effective January 1, 2022. Pat Murphy will move from President & CEO, Precision Technologies to President & CEO, Advanced Healthcare Solutions, while Tami Newcombe will succeed him. Barbara Hulit will step down as President & CEO, AHS, transitioning to a part-time Executive Advisor. Jim Lico, Fortive’s CEO, expressed confidence in Murphy and Newcombe's leadership capabilities, emphasizing their roles in advancing healthcare and performance across business segments.
Fortive Corporation (NYSE: FTV) will host its earnings conference call for Q3 2021 on October 28, 2021, at 5:30 p.m. ET. The event will be available via webcast on Fortive's website, with a replay accessible shortly after the call. A quiet period is currently in effect until the earnings release, during which Fortive will not engage with investors. The company specializes in connected workflow solutions across sectors such as Intelligent Operating Solutions and Advanced Healthcare Solutions, employing over 17,000 staff globally.
Fortive Corporation (NYSE: FTV) announced that Read Simmons, SVP of Strategy, and Justin McElhattan, Group President, will present at the Bank of America Industrial Software and Automation Summit on September 23, 2021, at 10:00 a.m. ET. The presentation will be webcast and archived on www.fortive.com.
Headquartered in Everett, Washington, Fortive offers essential technologies across several segments, including Intelligent Operating Solutions and Advanced Healthcare Solutions, supported by a dedicated workforce of over 17,000 employees globally.
On September 9, 2021, Fortive Corporation (NYSE: FTV) announced the acquisition of TeamSense, a text-based HR tool for hourly workers, originally launched in July 2020. TeamSense is the first spinout from a joint innovation studio with Pioneer Square Labs. This acquisition enhances Fortive's portfolio, which includes over 20 companies in the industrial technology sector. TeamSense aims to improve workforce engagement and operational efficiency for companies employing hourly workers.
FAQ
What is the current stock price of Fortive (FTV)?
What is the market cap of Fortive (FTV)?
