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.
Fortive Corporation (NYSE: FTV) reported strong second-quarter 2021 results, with net earnings from continuing operations at $182 million, and adjusted net earnings at $238.8 million. Revenues increased 26.7% year-over-year to $1.3 billion, driven by 21.3% core revenue growth. CEO James A. Lico highlighted successful strategies and a 53% rise in adjusted earnings per share. Looking ahead, Fortive anticipates Q3 diluted net earnings per share between $0.41 and $0.45, with full-year estimates ranging from $1.70 to $1.80. The company is optimistic about its acquisition of ServiceChannel, enhancing its SaaS portfolio.
Fortive Corporation (NYSE: FTV) has appointed Olumide Soroye as President and CEO of its Intelligent Operating Solutions segment, effective August 9. Soroye previously served at CoreLogic, where he led significant growth through digital transformation and strategic acquisitions. His academic credentials include an MBA from Harvard and a Juris Doctor from Loyola. Fortive’s CEO, Jim Lico, expressed confidence in Soroye's leadership to drive growth and innovation across the segment. Fortive is known for its essential technology solutions in various markets.
Fortive (NYSE: FTV) has entered a definitive agreement to acquire ServiceChannel for approximately $1.2 billion, primarily funded through available cash. ServiceChannel, a SaaS provider for multi-site facilities maintenance, is projected to generate around $125 million in revenue for 2021. The acquisition is poised to enhance Fortive’s Intelligent Operating Solutions segment by integrating ServiceChannel’s high-growth platform and extensive contractor network. The transaction is expected to close in Q3 2021, pending regulatory approvals.
Fortive Corporation (NYSE: FTV) will host its second quarter 2021 earnings conference call on July 29, 2021, at 5:30 p.m. ET. The call will be webcast on Fortive’s website along with accompanying slides. A replay will be available shortly after the call and can be accessed via the Investors section of their site. Fortive is currently in a 'quiet period' until the earnings release. The company provides essential connected workflow technologies across various sectors with a global workforce exceeding 17,000 employees.
Fortive Corporation (NYSE: FTV) announced the automatic conversion of its 5.00% Mandatory Convertible Preferred Stock, Series A, into common stock on July 1, 2021. Each share will convert at a rate of 14.0978 shares of common stock. Record holders as of June 15, 2021, will receive a final quarterly cash dividend of $12.50 per share. Fortive operates in connected workflow solutions across various sectors, employing over 17,000 individuals globally. The company highlights potential risks related to future dividend payments and business operations.
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.