Fortive Corporation reports developments across a diversified industrial technology business focused on essential products, software, and services. Its continuing operations are organized around Intelligent Operating Solutions and Advanced Healthcare Solutions, with brands and platforms tied to maintenance, repair, measurement, condition monitoring, worker safety, compliance, facilities, and healthcare technology markets.
Recurring Fortive news includes quarterly results, earnings calls, share repurchase authorizations, investor conference appearances, and updates following the completed separation of its former Precision Technologies segment into Ralliant. Product news often centers on Fluke offerings such as RotAlign laser shaft alignment systems, SmartTrace underground utility locators, and eMaint CMMS/EAM software with artificial intelligence features for maintenance work.
Fortive (NYSE: FTV) has announced two significant share repurchase authorizations. The company's Board approved an increase in its General Share Repurchase Program by 15.63 million additional shares, bringing the total available shares for repurchase to 20 million with no expiration date.
Additionally, in connection with the upcoming separation of Ralliant Corporation (precision technologies segment) on June 28, 2025, the Board approved a Special Purpose Share Repurchase Program of up to $550 million, funded exclusively from Ralliant's pre-separation cash dividend of approximately $1.15 billion to Fortive.
The company has already deployed about 75% of its free cash flow to share repurchases since announcing the Ralliant separation last year. Both repurchase programs will be executed on a discretionary basis through open market or other transactions.
Fortive (NYSE: FTV) has announced a pro rata dividend of 100% of Ralliant Corporation's common stock to its shareholders. The distribution will occur on June 28, 2025, with shareholders receiving one share of Ralliant stock for every three shares of Fortive stock held as of June 16, 2025 (Record Date).
The "when-issued" trading of Ralliant stock will begin on June 25, 2025, under symbol "RAL WI", while regular-way trading will commence on June 30, 2025, under "RAL". Fortive stock will continue trading under "FTV" and will also trade as "FTV WI" for ex-distribution transactions. Both companies will host investor day conferences on June 10, 2025, at NYSE.
Fluke Reliability has unveiled a new Shaft Alignment solution featuring rugged professional tablets compatible with Pruftechnik's single-laser alignment tools. The solution addresses a critical industry challenge, as misalignments cause 50% of unplanned downtime in rotating machines and significantly increase utility costs. For instance, a 75 KW pump with a 0.75mm misalignment can increase annual utility costs by €1,624/$1,758.
The modular system includes the Unified Shaft Alignment Tablet, FRS Shaft Alignment App, and Pruftechnik's precision alignment heads (SensAlign 3, 5, and 7). The IP65-rated tablet comes in locked and unlocked versions, offering durability and flexibility for industrial environments. The solution enables organizations to start with essential components and scale up as needed, providing a cost-effective approach to precision alignment programs.
Fortive Corporation (NYSE: FTV) announced its participation in the upcoming BofA Securities Industrials, Transportation & Airlines Key Leaders Conference. Key executives including President and CEO James A. Lico, CFO Mark Okerstrom, and Precision Technologies CEO Tami Newcombe will present on May 14th, 2025 at 3:40 p.m. ET. The presentation will be accessible via a live webcast and archived on the company's website at www.fortive.com.
Fortive (NYSE: FTV) has announced the appointment of Neill Reynolds as Chief Financial Officer of Ralliant Corporation, effective June 2, 2025. Reynolds, who most recently served as EVP and CFO of Wolfspeed, brings over 25 years of financial leadership experience and was named "CFO of the Year – Mid-Cap Semiconductor" in 2023.
The announcement comes alongside Fortive's filing of Form 10 registration statement with the SEC for the planned spin-off of its Precision Technologies segment (to be named Ralliant), which is expected to complete by the end of Q2 2025. Ralliant has also appointed several other key executives, including Karen Bick (CPO), Jeb Boatman (CLO), and Amir Kazmi (CTGO), along with operating company presidents Chris Bohn, Corey Christmann, and Andrew McCauley.
Summary not available.
Fortive (NYSE: FTV) has announced its Board of Directors' declaration of a regular quarterly cash dividend. Shareholders will receive $0.08 per share of common stock (par value $0.01). The dividend will be payable on June 27, 2025, to stockholders of record as of May 30, 2025.
While the company anticipates maintaining quarterly dividend payments, future declarations, amounts, record dates, and payment schedules remain subject to the Board of Directors' discretion.