Welcome to our dedicated page for Fortive Corporation news (Ticker: FTV), a resource for investors and traders seeking the latest updates and insights on Fortive Corporation stock.
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.
Fluke Reliability, a subsidiary of Fortive [NYSE: FTV], announced that its EAM solution eMaint has been positioned as a Leader in the 2024 Green Quadrant EAM Verdantix report. The report highlights eMaint's strengths in:
- Inventory management
- Inspections
- Work order management
- Analytic capabilities
The report also recognizes eMaint's Parts & Materials Management module, recent acquisition of Azima DLI for predictive maintenance, and partnerships with Verusen and Augmentir for AI-based spare parts optimization and connected worker functionality. eMaint's open API architecture enables seamless integration with various enterprise systems and IoT platforms, enhancing asset health monitoring and analysis.
Fortive (NYSE: FTV) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, October 30, 2024, at 12:00 p.m. ET. The call, expected to last about an hour, will be webcast on Fortive's website along with an accompanying slide presentation. Investors can access the call by dialing 877-407-3110 (U.S.) or 215-268-9915 (outside U.S.). A digital recording will be available for replay until November 13, 2024. The earnings press release and related materials will be posted on Fortive's website under the 'Investors' section. The company has entered its quiet period, which will last until the earnings release on October 30, 2024.
Fluke has launched the iSee Mobile Thermal Camera, a compact and versatile device for electrical inspections on-the-go. This high-resolution camera enables professionals to access thermal imaging using their smartphones, offering accurate temperature measurements in hard-to-reach places. Key features include:
- High resolution (256 x 192 pixels)
- Wide temperature range (14 to 1022 °F)
- Accuracy of ±2% or 3.6 °F
- 25 Hz frame rate
- Weighs under an ounce
- Launches in one second
- Compatible with iOS, Android, and HarmonyOS
The iSee Camera is designed for electricians, HVAC technicians, and contractors, providing detailed thermal images for various applications including electrical and mechanical inspections, HVAC inspection, and quality control.
Fortive (NYSE: FTV) has announced that its top executives will be presenting at the J.P. Morgan U.S. All Stars Conference. The presentation is scheduled for Wednesday, September 18th, 2024, at 4:00 p.m. BST (11:00 a.m. ET).
The speakers include James A. Lico, President and Chief Executive Officer of Fortive, and Tami Newcombe, President and Chief Executive Officer of Precision Technologies (PT) and Advanced Healthcare Solutions (AHS).
The presentation will be simultaneously webcast and subsequently archived on the company's website, www.fortive.com. This event provides an opportunity for investors and analysts to gain insights into Fortive's strategies and performance directly from its leadership team.
Fluke has introduced the new Fluke 1670 Series Multifunction Installation Tester, designed to significantly improve the efficiency of electrical installation inspections. This advanced tool can reduce reporting times by up to 50% and speed up testing by 30%, making it a important addition to an electrician's toolkit.
The series offers three models suitable for residential, commercial, and industrial applications. Key features include a user-programmable AutoTest function, Fluke Connect software for data management, and TruTest software for simplified documentation. The device's full-color touchscreen provides immediate feedback on test results, ensuring accuracy and reducing the need for re-testing.
Wireless Bluetooth connectivity eliminates data double-entry, further enhancing efficiency. According to Jit Patel, Fluke's Product Manager, the 1670 Series addresses common challenges in data processing and reporting, making it a best-in-class solution for electricians.
Fluke has unveiled the Fluke 283 FC Solar Digital Multimeter and the Fluke a283 FC True-RMS Wireless Clamp, designed for solar professionals working in high-voltage environments. These tools offer enhanced safety features and increased productivity for testing solar panels, strings, and invertors in utility-scale photovoltaic arrays.
Key features include:
- CAT III 1500 V DC safety rating
- Precise voltage measurements up to 1500 V DC
- 60 A AC/DC current measurements
- Visual and audio polarity indicators
- User-defined limit gauge
- Wireless connectivity for remote measurements
- Automatic VA power calculation
The tools integrate with Fluke Connect™ and Fluke Cloud Storage for advanced data analysis and storage.
Fortive (NYSE: FTV) has announced plans to spin off its Precision Technologies segment, creating two independent public companies. The tax-free spin-off is expected to be completed in Q4 2025, subject to various conditions. Post-separation, Fortive will focus on recurring revenue and software businesses, while the new company (NewCo) will comprise the Precision Technologies segment.
Key points:
- Fortive to have ~50% recurring revenue post-spin-off
- Leadership transition: James A. Lico to retire, Olumide Soroye to become Fortive CEO, Tami Newcombe to lead NewCo
- 75% of available free cash flow to fund share repurchases until spin-off completion
- Q3 2024 and full-year 2024 outlook reaffirmed
- Conference call scheduled for September 5th at 8:00 a.m. ET
Fortive (NYSE: FTV) has announced a regular quarterly cash dividend of $0.08 per share on its common stock. The dividend is payable on September 27, 2024 to stockholders of record as of September 13, 2024. While Fortive anticipates maintaining quarterly dividend payments, future declarations, including amounts, record dates, and payment dates, remain subject to the Board of Directors' discretion. This announcement demonstrates Fortive's commitment to providing consistent returns to its shareholders, though investors should note that future dividends are not guaranteed.
Fortive (NYSE: FTV) has announced that its top executives will be presenting at the upcoming Morgan Stanley Laguna Conference. The presentation is scheduled for Thursday, September 12th, 2024, at 1:30 p.m. ET (10:30 a.m. PT). James A. Lico, President and Chief Executive Officer of Fortive, and Olumide Soroye, President and Chief Executive Officer of Intelligent Operating Solutions, will be representing the company at this event.
The presentation will be simultaneously webcast and subsequently archived on Fortive's official website, www.fortive.com. This provides an opportunity for investors and interested parties to gain insights into Fortive's strategies and performance directly from its leadership team.
Advanced Sterilization Products (ASP), a Fortive (NYSE: FTV) division, in collaboration with PENTAX Medical, has received FDA clearance for the ULTRA GI™ Cycle in its STERRAD™ 100NX Sterilizer with ALLClear™ Technology. This innovative cycle is specifically designed to reprocess duodenoscopes using hydrogen peroxide gas plasma sterilization, addressing concerns about high contamination rates in these devices.
The new sterilization method aims to revolutionize patient safety and set a new industry standard. Chad Rohrer, President of ASP, emphasized the importance of this development in reducing patient risk. Dr. Ivan Salgo, Chief Medical & Scientific Officer at ASP, highlighted that the ULTRA GI™ Cycle represents a significant shift towards making hydrogen peroxide gas plasma the gold standard for duodenoscope sterilization, improving safety for patients, technicians, and the environment.
FAQ
What is the current stock price of Fortive Corporation (FTV)?
What is the market cap of Fortive Corporation (FTV)?
What does Fortive Corporation do?
When was Fortive Corporation established?
What sectors does Fortive Corporation operate in?
What is the revenue of Fortive Corporation?
What are some of Fortive Corporation's key products and services?
Which markets does Fortive Corporation serve?
What is the culture like at Fortive Corporation?
How has Fortive Corporation evolved over the years?
What is the significance of Fortive's financial strength?
What kind of opportunities does Fortive offer to its employees?
