Fortive Corporation - FTV STOCK NEWS

Fluke has released a survey revealing key insights into the solar industry's future. The study, conducted by Censuswide across the UK, Germany, Spain, and USA, gathered perspectives from over 400 solar OEMs, technicians, and installers. 63% of respondents believe solar will become their country's dominant energy source.

Key findings show that 91% are concerned about solar panel efficiency, and 39% report inverter failures as a common issue. While nearly one-third still rely on reactive maintenance, over half prioritize adopting predictive maintenance. 59% emphasize the need for technician training in advanced diagnostic tools.

The survey also highlights that 45% view AI integration in solar panel design and maintenance as a key opportunity, while 36% are eager to adopt AI-powered diagnostics. Supply chain resilience remains a major concern for over half of the respondents.

Fluke has released a survey revealing key insights into the solar industry's future. The study, conducted by Censuswide across the UK, Germany, Spain, and USA, gathered perspectives from over 400 solar OEMs, technicians, and installers.

Key findings show that 63% of respondents believe solar will become their country's dominant energy source. However, significant challenges exist: 91% express concerns about solar panel efficiency, and 39% report inverter failures as a common issue. Nearly one-third still rely on reactive maintenance, while over half prioritize adopting predictive maintenance.

The survey also highlighted that 59% emphasize the need for technician training in advanced diagnostic tools, and 45% view AI integration in solar panel design and maintenance as a key opportunity. Additionally, 52% depend on external maintenance services, and supply chain resilience remains a major concern for installers.

Fluke Networks has launched the LinkIQ™ Duo Cable+WiFi+Network Tester, combining cable qualification with Wi-Fi 6E network testing capabilities in a single solution. This launch addresses the growing demand for Wi-Fi 6E testing tools, with industry projections indicating 5.2 million Wi-Fi 6E access points expected to ship in 2024, up from 1.5 million in 2022.

The LinkIQ Duo enables technicians to validate network connections by qualifying cable performance up to 10 Gb/s, validating switch connectivity, checking PoE availability, verifying Wi-Fi controller connectivity, and examining access point configurations. The tool also identifies common configuration errors such as illegal channel usage, overlapping access points, and weak security settings.

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.