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.
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Fortive Corporation (FTV) announced strong operational performance and financial results for Q4 2023, with total and core revenue growth of 4% and 3% respectively. Q4 GAAP diluted EPS was $0.75, up 17%, and adjusted diluted EPS was $0.98, up 11%. Full-year 2024 revenue is expected to be $6.4 to $6.5 billion, up 6% to 8%, with GAAP diluted EPS of $2.58 to $2.70, up 6% to 11%, and adjusted diluted EPS of $3.73 to $3.85, up 9% to 12%. The company anticipates Q1 2024 revenue of approximately $1.5 billion. Fortive completed the acquisition of EA Elektro-Automatik (EA) Holding GmbH, and entered into an agreement to optimize its real estate footprint for proceeds of approximately $90 million. However, one of its subsidiaries, Gems Setra, made incorrect representations regarding its status as a small business concern for contracts awarded by the Defense Logistics Agency, which is being investigated.
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Fortive Corporation (FTV) has declared a regular quarterly cash dividend of $0.08 per share of its common stock, payable on March 28, 2024, to common stockholders of record on February 23, 2024. The company expects to pay dividends on a quarterly basis, subject to the discretion of the Board of Directors.
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Fortive Corporation (NYSE: FTV) has announced a replenishment of 11 million shares of its common stock, bringing the total amount for future repurchases to 20 million shares. This move reflects the company's focus on disciplined M&A, capital allocation, and delivering profitable growth. The Board of Directors is confident in the company's ability to enhance total shareholder returns, aiming to double earnings and cash flow by 2028.
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Allied Digestive Health (ADH) is joining forces with Provation, a leading software and SaaS powerhouse specializing in clinical productivity and workflow automation and a wholly-owned operating company of Fortive Corporation (NYSE:FTV). The agreement provides ADH with Provation’s leading cloud-based procedure documentation and charting solutions for ADH's 150+ board-certified gastroenterologists spanning over 30 state-of-the-art office-based surgery (OBS) and ambulatory surgery center (ASC) facilities. ADH's decision to incorporate both Provation Apex Procedure Documentation and Patient Charting solutions demonstrates leadership in the clinical care space. With Provation Apex, physicians and nurses have the power to document patient visits and procedures seamlessly, on any internet-enabled device.
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Fortive Corporation (NYSE: FTV) has completed the acquisition of EA Elektro-Automatik Holding GmbH, enhancing its position in electronic test & measurement solutions within its Precision Technologies segment. EA specializes in high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, which will bolster Fortive operating company Tektronix’s portfolio of products and services for engineers. James A. Lico, President and CEO of Fortive, expressed excitement about the acquisition, highlighting its importance for the Precision Technologies segment.
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Fortive Corporation (NYSE: FTV) will webcast its Q4 and full year 2023 earnings conference call on January 31, 2024. The call will be available on the company's website and a replay will be accessible shortly after. Fortive is currently in its quiet period until the earnings release date.
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Tektronix, Inc. (NYSE: FTV) launches 4 Series B Mixed Signal Oscilloscope (MSO) with improved responsiveness, state-of-the-art measurement performance, and advanced analysis capabilities, targeting embedded designers with bandwidths from 200 MHz to 1.5 GHz and real-time sampling at 6.25 GS/s.
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Fortive Corporation (NYSE: FTV) has announced a 14% increase in its regular quarterly cash dividend, now set at $0.08 per share of common stock. The increase reflects the company's confidence in its capital strength and cash generation. The dividend is payable on December 29, 2023, to common stockholders of record on November 24, 2023.
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Fortive Corporation's Senior Vice President and CFO, Charles E. McLaughlin, will be presenting at the Baird 2023 Global Industrial Conference on November 7th, 2023. The presentation will be webcasted and archived on www.fortive.com.
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Fortive Corporation announces Q3 financial results with revenue growth of 2.6% and operating margin up 220 basis points. Reaffirms full-year outlook.
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FAQ
What is the current stock price of Fortive Corporation (FTV)?
The current stock price of Fortive Corporation (FTV) is $76.95 as of November 21, 2024.
What is the market cap of Fortive Corporation (FTV)?
The market cap of Fortive Corporation (FTV) is approximately 26.5B.
What does Fortive Corporation do?
Fortive Corporation is a global conglomerate of over 20 companies, providing essential technology in sectors such as software development, robotics, transportation, energy, and healthcare.
When was Fortive Corporation established?
Fortive Corporation was established in 2016 following a spin-off from Danaher Corporation.
What sectors does Fortive Corporation operate in?
Fortive operates in sectors including software development, robotics, transportation, energy, and healthcare.
What is the revenue of Fortive Corporation?
Fortive Corporation generated approximately $6.1 billion in revenue in 2023.
What are some of Fortive Corporation's key products and services?
Fortive offers products and services in areas such as field solutions, product realization, health, and sensing technologies.
Which markets does Fortive Corporation serve?
Fortive serves a wide range of markets including manufacturing, utilities, medical, and electronics.
What is the culture like at Fortive Corporation?
Fortive has a vibrant culture that emphasizes opportunity, empowerment, continuous learning, and growth.
How has Fortive Corporation evolved over the years?
Fortive has grown from its roots in Danaher to become a global leader in industrial technology, continuously expanding its portfolio and market presence.
What is the significance of Fortive's financial strength?
Fortive's financial strength provides stability and the ability to take on significant challenges with real-world impact, ensuring long-term growth and innovation.
What kind of opportunities does Fortive offer to its employees?
Fortive offers extraordinary opportunities for growth, innovation, and continuous learning in a dynamic, empowering environment.
Fortive Corporation
NYSE:FTV
FTV Rankings
FTV Stock Data
26.48B
345.75M
0.34%
96.06%
0.87%
Scientific & Technical Instruments
Industrial Instruments for Measurement, Display, and Control
United States of America
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