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 (NYSE: FTV) is an industrial technology company with strategic segments in Intelligent Operating Solutions and Advanced Healthcare Solutions. The Fortive news feed on Stock Titan aggregates company announcements, segment updates, and disclosures that illustrate how Fortive’s businesses operate across industrial measurement, calibration, and healthcare infection prevention.
Investors and observers can find news about Fortive’s earnings releases, including quarterly results and guidance updates, along with details on segment performance for Intelligent Operating Solutions and Advanced Healthcare Solutions. The company also issues announcements regarding capital allocation, such as regular quarterly dividends and share repurchase authorizations approved by its Board of Directors.
News from Fortive’s operating companies provides additional context on its industrial and healthcare footprint. Fluke Corporation, which describes itself as a world leader in compact, professional electronic test tools and software for measuring and condition monitoring, publishes updates on software-as-a-service offerings like CalStudio and research into unplanned downtime in industrial manufacturing. These releases shed light on how Fluke supports technicians, engineers, and maintenance professionals in managing industrial, electrical, and electronic equipment and calibration processes.
Within healthcare, Advanced Sterilization Products (ASP) issues news on infection prevention technologies, such as the ULTRA GI Cycle for the STERRAD 100NX Sterilizer with ALLClear Technology. ASP’s announcements highlight developments in hydrogen peroxide gas plasma sterilization for complex devices like duodenoscopes and describe collaborations with medical device manufacturers and partners in Europe.
By following this news page, readers can review Fortive’s official communications on financial performance, strategic actions such as the separation of Ralliant Corporation, and product and technology updates from its key brands. The feed provides a centralized view of Fortive’s ongoing activities in industrial technology and healthcare solutions.
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.
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.