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 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 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.
Fortive (NYSE: FTV) has announced that its top executives will be presenting at the J.P. Morgan U.S. All Stars Conference. The presentation is scheduled for Wednesday, September 18th, 2024, at 4:00 p.m. BST (11:00 a.m. ET).
The speakers include James A. Lico, President and Chief Executive Officer of Fortive, and Tami Newcombe, President and Chief Executive Officer of Precision Technologies (PT) and Advanced Healthcare Solutions (AHS).
The presentation will be simultaneously webcast and subsequently archived on the company's website, www.fortive.com. This event provides an opportunity for investors and analysts to gain insights into Fortive's strategies and performance directly from its leadership team.
Fluke has introduced the new Fluke 1670 Series Multifunction Installation Tester, designed to significantly improve the efficiency of electrical installation inspections. This advanced tool can reduce reporting times by up to 50% and speed up testing by 30%, making it a important addition to an electrician's toolkit.
The series offers three models suitable for residential, commercial, and industrial applications. Key features include a user-programmable AutoTest function, Fluke Connect software for data management, and TruTest software for simplified documentation. The device's full-color touchscreen provides immediate feedback on test results, ensuring accuracy and reducing the need for re-testing.
Wireless Bluetooth connectivity eliminates data double-entry, further enhancing efficiency. According to Jit Patel, Fluke's Product Manager, the 1670 Series addresses common challenges in data processing and reporting, making it a best-in-class solution for electricians.
Fluke has unveiled the Fluke 283 FC Solar Digital Multimeter and the Fluke a283 FC True-RMS Wireless Clamp, designed for solar professionals working in high-voltage environments. These tools offer enhanced safety features and increased productivity for testing solar panels, strings, and invertors in utility-scale photovoltaic arrays.
Key features include:
- CAT III 1500 V DC safety rating
- Precise voltage measurements up to 1500 V DC
- 60 A AC/DC current measurements
- Visual and audio polarity indicators
- User-defined limit gauge
- Wireless connectivity for remote measurements
- Automatic VA power calculation
The tools integrate with Fluke Connect™ and Fluke Cloud Storage for advanced data analysis and storage.
Fortive (NYSE: FTV) has announced plans to spin off its Precision Technologies segment, creating two independent public companies. The tax-free spin-off is expected to be completed in Q4 2025, subject to various conditions. Post-separation, Fortive will focus on recurring revenue and software businesses, while the new company (NewCo) will comprise the Precision Technologies segment.
Key points:
- Fortive to have ~50% recurring revenue post-spin-off
- Leadership transition: James A. Lico to retire, Olumide Soroye to become Fortive CEO, Tami Newcombe to lead NewCo
- 75% of available free cash flow to fund share repurchases until spin-off completion
- Q3 2024 and full-year 2024 outlook reaffirmed
- Conference call scheduled for September 5th at 8:00 a.m. ET