Fortive Corp Stock Price, News & Analysis

Fortive Corporation (NYSE: FTV) has announced that CEO Jim Lico and CFO Chuck McLaughlin will present at the UBS Global TMT Virtual Conference on December 7, 2020, at 1:55 p.m. ET. The presentation will be available via webcast and archived on their official website. Headquartered in Everett, Washington, Fortive employs over 17,000 employees worldwide and specializes in connected workflow solutions across various sectors, including intelligent operating solutions and advanced healthcare. More details can be found at www.fortive.com.

Fortive Corporation (NYSE: FTV) has announced that its President and CEO, Jim Lico, along with CFO Chuck McLaughlin, will present at the Credit Suisse 8th Annual Virtual Industrials Conference on December 2, 2020, at 11:30 a.m. ET. This presentation will be available via a live audio webcast and will later be archived on Fortive's official website. Fortive is renowned for providing essential technologies for connected workflow solutions across various markets, employing over 17,000 professionals in more than 50 countries.

Fortive Corporation (NYSE: FTV) announced that its CEO Jim Lico and CFO Chuck McLaughlin will present at the Wolfe Research Virtual Industrials Conference on November 16, 2020, at 10:15 a.m. ET. The presentation will be available via a live audio webcast, and the recording will be archived on www.fortive.com. Fortive specializes in connected workflow solutions with a strong presence in intelligent operating solutions and advanced healthcare technologies, employing over 17,000 people globally.

Fortive Corporation (NYSE: FTV) has announced that CEO Jim Lico and CFO Chuck McLaughlin will present at the Baird 2020 Global Industrial Conference on November 11, 2020, at 12:15 p.m. ET. They will address historical and forecasted financial insights related to the recent separation of Vontier Corporation on October 9, 2020, and the new segmentation of the company effective September 26, 2020. The presentation will be available via a simultaneous webcast on www.fortive.com.

Fortive Corporation (NYSE: FTV) has declared a quarterly cash dividend of $0.07 per share on its common stock, payable on December 28, 2020, to shareholders of record as of November 27, 2020. Additionally, a dividend of $12.50 per share on its 5.00% Mandatory Convertible Preferred Stock, Series A, will be paid on January 4, 2021, to preferred stockholders of record on December 15, 2020. Future dividends are subject to Board's discretion.

Fortive Corporation (NYSE: FTV) reported its third quarter 2020 results, revealing net earnings from continuing operations of $208.5 million, a 2.3% increase in revenues to $1.9 billion, with core revenue slightly declining by 0.1%. Adjusted diluted net earnings per share rose 8% year-over-year to $0.94. CEO James A. Lico expressed satisfaction with the results, noting strong revenue performance exceeding initial guidance despite a challenging environment. Fortive anticipates fourth-quarter revenue growth of 0% to 3% year-over-year and emphasized robust free cash flow and a solid M&A pipeline.

Fortive Corporation (NYSE: FTV) will host a webcast for its Q3 2020 earnings conference call on October 27, 2020, at 5:30 p.m. ET. The call is expected to last approximately one hour, and investors can participate via a dial-in or through the company's website. A replay will be accessible for two weeks post-call. The company is currently in its 'quiet period' ahead of the earnings release, meaning no interactions with the investment community will occur until after the results are announced.

Fortive Corporation has successfully completed the separation of its Industrial Technologies segment by spinning off Vontier Corporation, which will begin trading on the NYSE under the symbol 'VNT' from October 9, 2020. Shareholders received two shares of Vontier stock for every five shares of Fortive held as of September 25, 2020. Approximately 134.9 million shares were distributed, with 33.5 million shares retained by Fortive. This strategic separation aims to allow both companies to focus on their independent growth strategies and enhance shareholder value.

Fortive Corporation (NYSE: FTV) expects a 2.0% increase in total revenue for Q3 2020 compared to the previous year, surpassing earlier guidance. The Professional Instrumentation segment predicts a 1.0% increase in revenue, an improvement from a previously expected decline. Meanwhile, the Industrial Technologies segment anticipates a 4.5% increase in revenue, exceeding previous low single-digit growth estimates. Fortive also projects positive growth in both operating profit and adjusted operating profit for Q3.