Fortive Corp Stock Price, News & Analysis

Fluke Reliability's recent survey reveals a significant shift in AI adoption within manufacturing, with 79% of respondents prioritizing AI investment to address high-skill labor shortages, compared to 37% for low-skill roles. The study, covering 600 senior decision-makers across the US, UK, and Germany, shows that 90% of organizations are impacted by skills shortages, with 98% viewing AI as a viable solution.

Key findings indicate that 21% of respondents believe AI and real-time data analytics will help bridge the skills gap and reduce workloads, while 40% of maintenance managers expect AI to drive positive efficiency transformation. The survey also highlights diversity challenges, with 37% of manufacturers acknowledging talent shortages due to lack of diversity. Organizations are responding through employer brand improvement (34%) and comprehensive training programs (33%).

Fluke Reliability's recent survey reveals a significant shift in AI adoption within manufacturing, with 79% of manufacturers focusing on using AI to address high-skilled labor shortages, compared to 37% for low-skill roles. The study, surveying over 600 senior decision-makers across the US, UK, and Germany, found that 90% of respondents have been impacted by the skills shortage, with 98% viewing AI as a viable solution.

The survey highlights that 21% of respondents believe AI and real-time data analytics will help bridge the skills gap and reduce workloads, while 40% of maintenance managers expect AI to drive positive efficiency transformations. Additionally, 37% of manufacturers acknowledge diversity-related talent shortages, with organizations implementing strategies such as improving employer branding (34%) and developing comprehensive training plans (33%) to address these challenges.

Fortive (NYSE: FTV) has announced that its President and CEO, James A. Lico, will deliver a presentation at the Baird 2024 Global Industrial Conference. The presentation is scheduled for Wednesday, November 13th, 2024 at 3:55 p.m. ET (12:55 p.m. PT). Interested parties can access the audio presentation through a live webcast, which will also be archived on Fortive's website at www.fortive.com.

Fortive (NYSE: FTV) has announced a quarterly cash dividend of $0.08 per share on its common stock. The dividend will be paid on December 27, 2024 to stockholders of record as of November 29, 2024. While the company intends to maintain quarterly dividend payments, future declarations, amounts, and payment dates remain subject to Board discretion.

Fortive (FTV) reported strong Q3 2024 results with revenue growing 3% year-over-year to $1.54 billion. The company achieved GAAP diluted EPS of $0.63 and adjusted diluted EPS of $0.97, up 14% year-over-year. Operating profit margin was 19%, with adjusted operating profit margin of 27%. Free cash flow increased 12% to $431 million. The company raised its full-year 2024 outlook, expecting revenue of $6.24-6.26 billion and adjusted diluted EPS of $3.84-3.87. Additionally, Fortive announced plans to separate into two independent public companies by Q4 2025.

Fluke introduces the 283 FC Solar Digital Multimeter and a283 FC True-RMS Wireless Clamp, designed for solar professionals working in high-voltage environments. The 283 FC Digital Multimeter offers CAT III 1500 V DC safety rating, enhancing safety and productivity. Key features include:

• Precise voltage measurements
• 60 A AC/DC current measurements
• Visual and audio polarity indicators
• User-defined limit gauge
• Multimeter readiness self-check
• Large backlit display and illuminated keypad

The a283 FC wireless current clamp measures AC and DC current up to 60 A, with a thin jaw for cramped spaces. Both tools integrate with Fluke Connect™ for cloud storage and enhanced troubleshooting capabilities.

Fluke Reliability, a subsidiary of Fortive [NYSE: FTV], announced that its EAM solution eMaint has been positioned as a Leader in the 2024 Green Quadrant EAM Verdantix report. The report highlights eMaint's strengths in:

• Inventory management
• Inspections
• Work order management
• Analytic capabilities

The report also recognizes eMaint's Parts & Materials Management module, recent acquisition of Azima DLI for predictive maintenance, and partnerships with Verusen and Augmentir for AI-based spare parts optimization and connected worker functionality. eMaint's open API architecture enables seamless integration with various enterprise systems and IoT platforms, enhancing asset health monitoring and analysis.

Fortive (NYSE: FTV) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, October 30, 2024, at 12:00 p.m. ET. The call, expected to last about an hour, will be webcast on Fortive's website along with an accompanying slide presentation. Investors can access the call by dialing 877-407-3110 (U.S.) or 215-268-9915 (outside U.S.). A digital recording will be available for replay until November 13, 2024. The earnings press release and related materials will be posted on Fortive's website under the 'Investors' section. The company has entered its quiet period, which will last until the earnings release on October 30, 2024.

Fluke has launched the iSee Mobile Thermal Camera, a compact and versatile device for electrical inspections on-the-go. This high-resolution camera enables professionals to access thermal imaging using their smartphones, offering accurate temperature measurements in hard-to-reach places. Key features include:

- High resolution (256 x 192 pixels)
- Wide temperature range (14 to 1022 °F)
- Accuracy of ±2% or 3.6 °F
- 25 Hz frame rate
- Weighs under an ounce
- Launches in one second
- Compatible with iOS, Android, and HarmonyOS

The iSee Camera is designed for electricians, HVAC technicians, and contractors, providing detailed thermal images for various applications including electrical and mechanical inspections, HVAC inspection, and quality control.