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Fortive Corporation (FTV) is a global conglomerate comprising over 20 industry-leading companies, unified by a common mission: to make the world stronger, safer, and more effective by delivering essential technology to those driving progress. Established in 2016 following its spin-off from Danaher, Fortive has built a strong heritage and a proven track record of growth.
The company operates across various fast-evolving sectors such as software development, robotics, transportation, energy, and healthcare. Its portfolio includes mission-critical products and services in areas like field solutions, product realization, health, and sensing technologies. Serving a diverse range of markets including manufacturing, utilities, medical, and electronics, Fortive generated approximately $6.1 billion in revenue in 2023.
Fortive's commitment to innovation and growth is evident in its vibrant culture that emphasizes continuous learning, empowerment, and opportunity. This dynamic environment balances the excitement of a startup with the stability of an established organization, providing extraordinary opportunities for both the company and its employees. Fortive's financial strength and foundation of success ensure its ability to tackle significant challenges with real-world impact.
Fortive Corporation (NYSE: FTV) announced that Read Simmons, SVP of Strategy, and Justin McElhattan, Group President, will present at the Bank of America Industrial Software and Automation Summit on September 23, 2021, at 10:00 a.m. ET. The presentation will be webcast and archived on www.fortive.com.
Headquartered in Everett, Washington, Fortive offers essential technologies across several segments, including Intelligent Operating Solutions and Advanced Healthcare Solutions, supported by a dedicated workforce of over 17,000 employees globally.
On September 9, 2021, Fortive Corporation (NYSE: FTV) announced the acquisition of TeamSense, a text-based HR tool for hourly workers, originally launched in July 2020. TeamSense is the first spinout from a joint innovation studio with Pioneer Square Labs. This acquisition enhances Fortive's portfolio, which includes over 20 companies in the industrial technology sector. TeamSense aims to improve workforce engagement and operational efficiency for companies employing hourly workers.
Fortive Corporation (NYSE: FTV) will present at the Morgan Stanley Virtual 9th Annual Laguna Conference on September 15, 2021, at 11:15 a.m. ET. President and CEO James A. Lico and CFO Chuck McLaughlin will lead the presentation. The event will be webcast live and archived on Fortive's website for later access. Fortive specializes in connected workflow solutions across various markets and is headquartered in Everett, Washington, employing over 17,000 people globally. For more information, visit www.fortive.com.
Fortive Corporation has finalized the acquisition of ServiceChannel Holdings Inc. as of August 24, 2021. ServiceChannel will now operate within Fortive's Intelligent Operating Solutions segment. Recognized as a leader in SaaS-based facilities maintenance solutions, ServiceChannel supports over 500 enterprise clients globally, leveraging a network of 70,000 service providers. This acquisition aims to enhance Fortive's software-enabled solutions for asset and facility lifecycle management, contributing to future growth and profitability.
Fortive Corporation (NYSE: FTV) has declared a regular quarterly cash dividend of $0.07 per share, payable on September 24, 2021 to stockholders of record on September 10, 2021. The company anticipates continuing quarterly dividends, but future declarations are subject to the Board's discretion. Fortive, headquartered in Everett, WA, operates across strategic segments including Intelligent Operating Solutions and Precision Technologies, employing over 17,000 staff globally.
Fortive Corporation (NYSE: FTV) reported strong second-quarter 2021 results, with net earnings from continuing operations at $182 million, and adjusted net earnings at $238.8 million. Revenues increased 26.7% year-over-year to $1.3 billion, driven by 21.3% core revenue growth. CEO James A. Lico highlighted successful strategies and a 53% rise in adjusted earnings per share. Looking ahead, Fortive anticipates Q3 diluted net earnings per share between $0.41 and $0.45, with full-year estimates ranging from $1.70 to $1.80. The company is optimistic about its acquisition of ServiceChannel, enhancing its SaaS portfolio.
Fortive Corporation (NYSE: FTV) has appointed Olumide Soroye as President and CEO of its Intelligent Operating Solutions segment, effective August 9. Soroye previously served at CoreLogic, where he led significant growth through digital transformation and strategic acquisitions. His academic credentials include an MBA from Harvard and a Juris Doctor from Loyola. Fortive’s CEO, Jim Lico, expressed confidence in Soroye's leadership to drive growth and innovation across the segment. Fortive is known for its essential technology solutions in various markets.
Fortive (NYSE: FTV) has entered a definitive agreement to acquire ServiceChannel for approximately $1.2 billion, primarily funded through available cash. ServiceChannel, a SaaS provider for multi-site facilities maintenance, is projected to generate around $125 million in revenue for 2021. The acquisition is poised to enhance Fortive’s Intelligent Operating Solutions segment by integrating ServiceChannel’s high-growth platform and extensive contractor network. The transaction is expected to close in Q3 2021, pending regulatory approvals.
Fortive Corporation (NYSE: FTV) will host its second quarter 2021 earnings conference call on July 29, 2021, at 5:30 p.m. ET. The call will be webcast on Fortive’s website along with accompanying slides. A replay will be available shortly after the call and can be accessed via the Investors section of their site. Fortive is currently in a 'quiet period' until the earnings release. The company provides essential connected workflow technologies across various sectors with a global workforce exceeding 17,000 employees.
Fortive Corporation (NYSE: FTV) announced the automatic conversion of its 5.00% Mandatory Convertible Preferred Stock, Series A, into common stock on July 1, 2021. Each share will convert at a rate of 14.0978 shares of common stock. Record holders as of June 15, 2021, will receive a final quarterly cash dividend of $12.50 per share. Fortive operates in connected workflow solutions across various sectors, employing over 17,000 individuals globally. The company highlights potential risks related to future dividend payments and business operations.
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