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.
Overview
Fortive Corp (FTV) is a diversified industrial technology firm that designs and delivers mission-critical solutions across a broad spectrum of industries. With a strong emphasis on industrial technology, sensing solutions, and field solutions, the company offers an integrated portfolio that supports sectors as varied as manufacturing, utilities, healthcare, and electronics. Rooted in a heritage that combines the innovation ethos of a startup with the strength of an established organization, Fortive provides essential products and services that enable operational excellence and process efficiency.
Core Business Segments
Fortive is structured around several key areas:
- Field Solutions: Providing essential tools and instrumentation that empower professionals to perform accurate, efficient diagnostics and measurements in real-world environments.
- Product Realization: Delivering advanced systems that streamline fabrication, production, and testing processes through precision engineering and innovative design.
- Health and Sensing Technologies: Offering technologies that support safety, reliability, and performance across critical applications in both industrial and healthcare settings.
Market Position and Operational Excellence
The company has established a strong market presence by continuously adapting its diverse technology portfolio to meet complex industry demands. Its offerings are engineered to address practical challenges faced by professionals in high-stakes fields, ensuring that operational safety and efficiency remain paramount. Fortive not only capitalizes on cutting-edge technology but also sustains a vibrant culture of continuous learning, operational discipline, and innovation. This strategic blend positions the firm as a key driver in sectors where precision and reliability are critical.
Technological Expertise and Value Proposition
Fortive demonstrates deep technical expertise through its commitment to research, development, and refined engineering methodologies. The company's solutions often serve as the backbone in environments where fault tolerance, resolution, and reliability are non-negotiable. The integration of advanced sensing technologies and streamlined field solutions highlights its ability to transform complex operational data into actionable insights. These attributes underscore its significance within competitive markets and enhance its appeal across a spectrum of industrial applications.
Operational Strategy and Industry Impact
Fortive embodies a dual focus: harnessing the agility and innovative spirit of a startup with the operational rigour and financial strength of an established industrial entity. This combination not only drives practical advancements in technology but also builds sustainable competitive differentiation in a crowded marketplace. Each solution is supported by a robust quality control framework and is designed to meet rigorous industry standards, ensuring that professionals across various sectors can rely on its products to maintain safety, performance, and regulatory compliance.
Conclusion
In summary, Fortive Corp is a powerhouse of diversified industrial technology, offering essential, mission-critical products and services that enhance operational effectiveness and safety. Its wide-ranging portfolio, underpinned by technological expertise and a commitment to continuous innovation, makes it an indispensable entity in the landscape of industrial solutions. Whether through advanced sensing technologies, innovative field solutions, or comprehensive production systems, Fortive continues to play a pivotal role in empowering industries and the professionals who drive progress.
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.
Fortive (NYSE: FTV) has scheduled its first quarter 2025 earnings conference call for Thursday, May 1, 2025, at 12:00 p.m. ET. The one-hour event will include a slide presentation and will be webcast on the company's website under the 'Investors' section.
Participants can join via webcast or by phone, dialing 877-407-3110 (U.S.) or 215-268-9915 (international). A replay will be available until May 15, 2025, accessible through the website or by calling 877-660-6853 (U.S.) or 201-612-7415 (international) with Access ID: 13752710.
The company has entered its quiet period, during which it will not interact with the investment community until the Q1 2025 earnings release on May 1, 2025.
A recent survey by Fluke reveals a significant trend in solar maintenance outsourcing, with 55% of companies across the U.S., UK, Germany, and Spain delegating over half of their maintenance activities to external partners. The study, conducted by Censuswide, surveyed over 400 OEMs, technicians, and installers.
Key findings show that 75% of companies plan to continue or expand their outsourcing partnerships, with regional variations: US (71%), Spain and Germany (nearly 90%), and UK (58%). The survey also highlighted that 30% of companies have either reactive or non-existent maintenance strategies, while 60% identify a lack of training for technicians on advanced diagnostic tools.
To improve reliability and reduce downtime, companies are focusing on three main areas: training technicians on advanced diagnostic tools (60%), implementing predictive maintenance (53%), and streamlining data collection protocols. Regional priorities vary, with the UK emphasizing data collection (56%) and the US prioritizing technician training (60%).
Fortive (NYSE: FTV) has announced its participation in the upcoming J.P. Morgan 2025 Industrials Conference. The company will be represented by James A. Lico, President and CEO, alongside Olumide Soroye, President and CEO of Intelligent Operating Solutions and Advanced Healthcare Solutions.
The presentation is scheduled for Thursday, March 13th, 2025 at 8:15 a.m. ET (5:15 a.m. PT). Interested parties can access the audio presentation through a simultaneous webcast, which will be archived on www.fortive.com.
Fortive (NYSE: FTV) has appointed Mark Okerstrom as Chief Financial Officer, effective March 24, 2025. He will succeed Chuck E. McLaughlin, who will retire as CFO but continue in a non-executive role through year-end to ensure smooth transition.
Okerstrom brings extensive experience from his 13-year tenure at Expedia Group, where he served in various executive roles including CFO, EVP of Operations, and ultimately CEO. As Expedia's CFO for 6 years, he managed finance, corporate strategy, and M&A. He was recognized among Top 3 CFOs in the Internet sector by Institutional Investor Magazine for three consecutive years (2016-2018).
The appointment follows a comprehensive search process. Okerstrom, who holds an MBA from Harvard Business School and a JD from the University of British Columbia, will be based at Fortive's headquarters in Everett, Washington. The company expects his expertise in profitable growth, innovation, and capital allocation to contribute significantly to Fortive's strategic initiatives.
Fortive (NYSE: FTV) has appointed Gregory Moore, M.D., Ph.D. to its Board of Directors, effective February 26, 2025, expanding the board from nine to ten members. Dr. Moore will serve on both the Compensation Committee and Nominating and Governance Committee.
Moore brings over 20 years of healthcare experience and expertise in AI and digital transformation. He previously served as Corporate Vice President of Microsoft Health & Life Sciences (2019-2023) and Vice President and Founder of Google Cloud Healthcare & Life Sciences (2016-2019). Currently, he serves as a Senior Advisor to Gates Ventures and Associate Fellow at Stanford University's Center for Artificial Intelligence in Medicine and Imaging.
The appointment aligns with Fortive's focus on accelerating innovation velocity and AI-powered growth strategies. Moore, who holds a PhD from MIT and MD from Wayne State University, is board certified in Diagnostic Radiology, Neuroradiology, and Clinical Informatics.
A new Fluke survey of over 400 EV charger manufacturers and technicians across the UK, USA, Germany, and Netherlands reveals significant insights about the EV industry's current state. While 68% of respondents acknowledge the industry is behind the adoption curve, 92% remain confident in current standards and regulations for long-term success.
Key findings show that 47% believe the industry is 25-50% behind the adoption curve, with 40% of U.S. respondents predicting widespread charger availability won't meet demand for up to seven years. Major challenges identified include: inoperable chargers (44%), software incompatibility (40%), and charger maintenance (36%).
The survey also revealed that 88% of respondents noted a critical skills gap in the EV workforce. For successful EV charging strategies, respondents emphasized predictive maintenance (32%) and artificial intelligence (31%) as essential components.
Fortive (NYSE: FTV) has announced its participation in the upcoming Barclays Industrial Select Conference. The company will be represented by James A. Lico, President and Chief Executive Officer, and Olumide Soroye, President and Chief Executive Officer of Intelligent Operating Solutions and Advanced Healthcare Solutions.
The presentation is scheduled for Wednesday, February 19th, 2025, at 10:25 a.m. ET (7:25 a.m. PT). Interested parties can access the audio presentation through a simultaneous webcast, which will be archived on www.fortive.com for future reference.
Fortive (NYSE: FTV) has announced its participation in the upcoming Citi Global Industrial Tech and Mobility Conference. The company will be represented by James A. Lico, President and Chief Executive Officer, and Tami Newcombe, President and Chief Executive Officer of Precision Technologies (PT).
The presentation is scheduled for Tuesday, February 18th, 2025, at 8:50 a.m. ET (5:50 a.m. PT). The event will feature a simultaneous audio webcast, which will be available and archived on the company's website at www.fortive.com.
Fortive (NYSE: FTV) reported strong Q4 and full-year 2024 results, with Q4 revenues increasing 2% year-over-year to $1.62 billion, including 2% core revenue growth. Q4 GAAP diluted EPS was $0.60, while adjusted diluted EPS reached $1.17, up 19% year-over-year. Operating cash flow was $502 million with free cash flow of $465 million, up 13% year-over-year.
For full-year 2024, revenues grew 3% to $6.23 billion with 1% core revenue growth. The company reported net earnings of $833 million and adjusted net earnings of $1.37 billion. Full-year diluted EPS was $2.36, with adjusted diluted EPS at $3.89.
Looking ahead to 2025, Fortive expects Q1 revenue between $1.48-1.51 billion and full-year revenue of $6.23-6.35 billion. The company is progressing with its planned separation of the Precision Technologies segment into Ralliant, expected to close early Q3'25.
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