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 (NYSE: FTV) has announced that its top executives will be presenting at the upcoming Morgan Stanley Laguna Conference. The presentation is scheduled for Thursday, September 12th, 2024, at 1:30 p.m. ET (10:30 a.m. PT). James A. Lico, President and Chief Executive Officer of Fortive, and Olumide Soroye, President and Chief Executive Officer of Intelligent Operating Solutions, will be representing the company at this event.
The presentation will be simultaneously webcast and subsequently archived on Fortive's official website, www.fortive.com. This provides an opportunity for investors and interested parties to gain insights into Fortive's strategies and performance directly from its leadership team.
Advanced Sterilization Products (ASP), a Fortive (NYSE: FTV) division, in collaboration with PENTAX Medical, has received FDA clearance for the ULTRA GI™ Cycle in its STERRAD™ 100NX Sterilizer with ALLClear™ Technology. This innovative cycle is specifically designed to reprocess duodenoscopes using hydrogen peroxide gas plasma sterilization, addressing concerns about high contamination rates in these devices.
The new sterilization method aims to revolutionize patient safety and set a new industry standard. Chad Rohrer, President of ASP, emphasized the importance of this development in reducing patient risk. Dr. Ivan Salgo, Chief Medical & Scientific Officer at ASP, highlighted that the ULTRA GI™ Cycle represents a significant shift towards making hydrogen peroxide gas plasma the gold standard for duodenoscope sterilization, improving safety for patients, technicians, and the environment.
Fortive (NYSE: FTV) reported strong Q2 2024 results, with revenue increasing 2% year-over-year to $1.55 billion. The company delivered resilient earnings growth and operating cash flow despite a delayed recovery in certain markets. Key highlights include:
- GAAP diluted EPS of $0.55
- Adjusted diluted EPS of $0.93, at the high-end of guidance
- Operating profit margin of 19%
- Adjusted operating profit margin of 27%, up 90 bps year-over-year
- Operating cash flow of $309 million
- Free cash flow of $280 million, ahead of guidance
Fortive narrowed its full-year 2024 outlook, projecting revenue of $6.25-$6.30 billion and adjusted diluted EPS of $3.80-$3.86, representing an 11-13% year-over-year increase.
Fortive has scheduled its second quarter 2024 earnings conference call for July 24, 2024, at 12:00 p.m. ET. The call will be webcast on Fortive’s website under the 'Investors' section. A slide presentation will accompany the call, and a replay will be available shortly after the call concludes. Access to the conference call is available by dialing specific numbers for U.S. and international participants. Recording of the call will be accessible until August 7, 2024. Fortive is currently in its 'quiet period' until the earnings release on July 24, 2024, which means no interaction with the investment community during this time.
A recent survey by Fluke Reliability reveals that manufacturers are leading in AI adoption, with 61% expecting to meet their AI goals within 11 months. Conducted by Censuswide, the survey involved over 600 senior decision-makers and maintenance professionals from the US, UK, and Germany.
AI is a high business priority for 93% of respondents, with significant investment planned for AI technologies in 2024. Predictive maintenance is a key focus, with 77% aiming to shift from reactive to proactive strategies.
Investments are driven by the benefits of AI, such as improved efficiency, new product development, and addressing labor shortages. Despite only 9% having completed their Industry 5.0 goals, manufacturers show strong confidence in AI's transformative potential.
Fortive announced that Olumide Soroye, President and CEO of Intelligent Operating Solutions, will present at the Wolfe Research Global Transportation and Industrials Conference on May 22nd, 2024. The event will be webcasted and archived on the company's website.
Fortive (NYSE: FTV) has released its 2023 Annual Sustainability Report, showcasing significant reductions in greenhouse gas emissions, sustainable products and services, responsible sourcing, and third-party validation.
Fortive announced that its executives will be presenting at the Bank of America Transportation, Airlines, and Industrials Conference. The presentation will be webcasted and archived on the company's website.
Fortive (NYSE: FTV) has announced that Tami Newcombe, President and CEO of Precision Technologies (PT) and Advanced Healthcare Solutions (AHS), will present at the Bank of America Transportation, Airlines, and Industrials Conference on May 15, 2024, at 9:30 a.m. ET.
The presentation will be webcast live and archived on Fortive's website. This event highlights Fortive's ongoing engagement with investors and industry stakeholders.
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