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 reported strong first-quarter 2024 results, showcasing a 4% revenue growth and a 3% core revenue growth. The company raised its full-year 2024 outlook, with a year-over-year increase of 7% to 11% in GAAP diluted EPS and 10% to 13% in adjusted diluted EPS. The company's strategy for growth is proving successful, with improved performance across all segments and record margin performance.
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Fortive (FTV) declares a regular quarterly cash dividend of $0.08 per share, payable on June 28, 2024, to common stockholders of record on May 31, 2024.
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Fortive (FTV) announces the webcast of its first quarter 2024 earnings conference call on April 24, 2024, at 12:00 p.m. ET. The call will last approximately 1 hour and will be available for replay until May 8, 2024. Investors can access the webcast and presentation materials on Fortive's website. Fortive is currently in a quiet period until the earnings release date.
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Fluke Corp, a subsidiary of Fortive , launches the PVA-1500 Series I-V curve tracer, enhancing efficiency and accuracy for utility-scale solar testing. The tool offers fast measurements, accurate results for high-efficiency panels, intuitive operation, and enhanced workflow, optimizing performance and ROI for solar installations.
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Fortive Corporation (FTV) CFO to Present at Bank of America Global Industrials Conference on March 19th, 2024
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Fortive Corporation to Present at J.P. Morgan Industrials Conference with Intelligent Operating Solutions CEO
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Fortive Corporation (FTV) reveals President and CEO James A. Lico to present at Barclays Industrial Select Conference on February 21, 2024, at 10:55 a.m. ET. The webcast will be available on their website.
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Fortive Corporation (FTV) will have its President and CEO, James A. Lico, presenting at the Citi Global Industrial Tech and Mobility Conference on February 22, 2024. The event will be webcast and archived on the company's website.
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Fortive Corporation (FTV) announced a registered offering of €500 million aggregate principal amount of its 3.700% Notes due 2026 and €700 million aggregate principal amount of its 3.700% Notes due 2029. The company intends to use the net proceeds to refinance outstanding indebtedness and for general corporate purposes. The sale of the notes is expected to close soon.
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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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FAQ
What is the current stock price of Fortive Corporation (FTV)?
The current stock price of Fortive Corporation (FTV) is $80.11 as of February 4, 2025.
What is the market cap of Fortive Corporation (FTV)?
The market cap of Fortive Corporation (FTV) is approximately 27.8B.
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
27.80B
345.74M
0.31%
95.97%
1.59%
Scientific & Technical Instruments
Industrial Instruments for Measurement, Display, and Control
United States of America
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