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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) has appointed Read Simmons as Senior Vice President of Strategy and promoted Jonathan Schwarz to Senior Vice President of Corporate Development, effective February 1, 2021. Simmons joins from Vista Equity Partners, where he led strategy development, while Schwarz retains M&A responsibilities and adds oversight of tax and treasury functions. CEO Jim Lico emphasizes that Simmons will enhance Fortive’s strategic direction and capital allocation, supporting accelerated growth in critical software-enabled workflow solutions following a significant portfolio transformation.
Fortive Corporation (NYSE: FTV) has declared a quarterly cash dividend of $0.07 per share on its common stock, payable on March 26, 2021, to stockholders of record by February 26, 2021. Additionally, a dividend of $12.50 per share on its 5.00% Mandatory Convertible Preferred Stock, Series A, will be paid on April 1, 2021, to preferred stockholders of record by March 15, 2021. While Fortive plans to pay dividends quarterly, future payments are at the Board's discretion.
Fortive Corporation (NYSE: FTV) will host its earnings conference call for Q4 2020 on February 4, 2021, at 5:30 p.m. ET, lasting about an hour. Investors can access the call through Fortive's website or by phone. A replay of the call will be available for two weeks post-event. Currently, Fortive is in a quiet period until the earnings release, during which it will refrain from engaging with the investment community. The company provides essential technologies across various sectors, employing over 17,000 staff globally.
Fortive Corporation (NYSE: FTV) has appointed Rejji Hayes as a new director, also adding him to the Audit Committee. Hayes brings vast experience from his role as CFO at CMS Energy and has previously held key financial positions at ITC Holdings and Exelon. Chairman Alan Spoon expressed optimism about Hayes' leadership and financial expertise, which are expected to enhance Fortive's strategic oversight. CEO James A. Lico emphasized Hayes' strategic finance background and leadership in environmental, social, and governance matters as valuable assets for Fortive's future.
Fortive Corporation (NYSE: FTV) has announced that CEO Jim Lico and CFO Chuck McLaughlin will present at the UBS Global TMT Virtual Conference on December 7, 2020, at 1:55 p.m. ET. The presentation will be available via webcast and archived on their official website. Headquartered in Everett, Washington, Fortive employs over 17,000 employees worldwide and specializes in connected workflow solutions across various sectors, including intelligent operating solutions and advanced healthcare. More details can be found at www.fortive.com.
Fortive Corporation (NYSE: FTV) has announced that its President and CEO, Jim Lico, along with CFO Chuck McLaughlin, will present at the Credit Suisse 8th Annual Virtual Industrials Conference on December 2, 2020, at 11:30 a.m. ET. This presentation will be available via a live audio webcast and will later be archived on Fortive's official website. Fortive is renowned for providing essential technologies for connected workflow solutions across various markets, employing over 17,000 professionals in more than 50 countries.
Fortive Corporation (NYSE: FTV) announced that its CEO Jim Lico and CFO Chuck McLaughlin will present at the Wolfe Research Virtual Industrials Conference on November 16, 2020, at 10:15 a.m. ET. The presentation will be available via a live audio webcast, and the recording will be archived on www.fortive.com. Fortive specializes in connected workflow solutions with a strong presence in intelligent operating solutions and advanced healthcare technologies, employing over 17,000 people globally.
Fortive Corporation (NYSE: FTV) has announced that CEO Jim Lico and CFO Chuck McLaughlin will present at the Baird 2020 Global Industrial Conference on November 11, 2020, at 12:15 p.m. ET. They will address historical and forecasted financial insights related to the recent separation of Vontier Corporation on October 9, 2020, and the new segmentation of the company effective September 26, 2020. The presentation will be available via a simultaneous webcast on www.fortive.com.
Fortive Corporation (NYSE: FTV) has declared a quarterly cash dividend of $0.07 per share on its common stock, payable on December 28, 2020, to shareholders of record as of November 27, 2020. Additionally, a dividend of $12.50 per share on its 5.00% Mandatory Convertible Preferred Stock, Series A, will be paid on January 4, 2021, to preferred stockholders of record on December 15, 2020. Future dividends are subject to Board's discretion.
Fortive Corporation (NYSE: FTV) reported its third quarter 2020 results, revealing net earnings from continuing operations of $208.5 million, a 2.3% increase in revenues to $1.9 billion, with core revenue slightly declining by 0.1%. Adjusted diluted net earnings per share rose 8% year-over-year to $0.94. CEO James A. Lico expressed satisfaction with the results, noting strong revenue performance exceeding initial guidance despite a challenging environment. Fortive anticipates fourth-quarter revenue growth of 0% to 3% year-over-year and emphasized robust free cash flow and a solid M&A pipeline.
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