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 Corporation (NYSE: FTV) reported strong fourth quarter results for 2020, with net earnings from continuing operations of $1.25 billion and adjusted net earnings of $252.9 million. The company experienced a 4.9% year-over-year revenue increase, totaling $1.3 billion, driven by 0.7% core revenue growth. Adjusted diluted net earnings per share rose by 19% year-over-year to $0.70. Looking ahead, Fortive anticipates first quarter 2021 diluted net earnings per share between $0.18 and $0.22.
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.
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