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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) announced a quarterly cash dividend of $0.07 per share, payable on September 30, 2022. The record date for common stockholders is August 31, 2022. While Fortive anticipates continuing quarterly dividends, future declarations are at the Board's discretion. The company specializes in connected workflow solutions across various sectors and has a global workforce exceeding 18,000 employees. Factors affecting future dividend payments include market conditions, competition, and regulatory changes.
Jane, a boutique marketplace, is transitioning from a deals platform to a comprehensive shopping destination. This transformation includes a new tech infrastructure and key executive appointments, such as Laura Ravo as Chief Operating Officer and Krista Kochivar as Chief Financial Officer. Ravo, with extensive retail experience, will enhance marketplace operations and customer experience. Kochivar brings over 20 years in financial management from publicly traded companies. These strategic changes aim to strengthen Jane's position in the marketplace.
Jane is evolving from a deals platform to a boutique marketplace, enhancing its tech stack and leadership team to support this shift. Newly appointed COO Laura Ravo, with extensive retail experience, will oversee marketplace operations. Krista Kochivar joins as CFO, bringing over 20 years of financial expertise from public companies. CEO Joana McKenna emphasizes the importance of these appointments for growth and customer experience. These strategic changes aim to place Jane as a leading destination for boutique shoppers.
Fortive (FTV) reported robust Q2 2022 financial results, achieving 11% revenue growth year-over-year, totaling $1.46 billion. Core revenue rose by 9%, demonstrating effective mitigation of COVID-related impacts, particularly from the Shanghai lockdown. Adjusted diluted EPS increased by 18% to $0.78. The company narrowed its full-year revenue forecast to $5.78-$5.83 billion and raised core growth outlook to 8-9.5%. Notably, Fortive recorded a $16.2 million charge due to exiting the Russian market, but continued to see strong demand in workflow solutions.
Fortive Corporation (NYSE: FTV) announced it will webcast its earnings conference call for Q2 2022 on July 28, 2022, at 12:00 p.m. ET. This call will be available on the company’s website, along with a presentation. The earnings press release and related materials will also be posted on the 'Investors' section of Fortive’s website. Currently, Fortive is in a 'quiet period' until the earnings release date, meaning no interaction with the investment community will occur during this time.
Fortive Corporation (NYSE: FTV) announced that CEO James A. Lico and Precision Technologies CEO Tami S. Newcombe will present at the Wolfe Research 15th Annual Global Transportation & Industrials Conference on May 24, 2022, at 10:20 a.m. ET. The presentation will be webcast live and archived on Fortive's official website. Fortive specializes in connected workflow solutions across various sectors, employing over 18,000 individuals globally, with a strong focus on innovation and continuous improvement.
Fortive Corporation (NYSE: FTV) reported a 9.3% increase in Q1 revenue year-over-year, totaling $1.4 billion, with core revenue growth of 5.3%. The company delivered GAAP diluted EPS of $0.45 and adjusted diluted EPS of $0.70. Cash flow from operations grew 41% and free cash flow grew 36% year-over-year. Fortive raised its 2022 outlook, projecting GAAP EPS between $2.07 and $2.16, up 25%-31%, and adjusted EPS of $3.04 to $3.13, up 11%-14%. Key acquisitions are expected to drive further growth.
Fortive Corporation (NYSE: FTV) announced a webcast of its earnings conference call for Q1 2022, scheduled for April 28, 2022, at 12:00 p.m. ET. The call will last approximately one hour and will be accessible via Fortive's website. A replay will also be available shortly after the call and until May 12, 2022. Fortive is currently in a 'quiet period' until the earnings release date, meaning no investor communications will occur during this time. The company, headquartered in Everett, Washington, focuses on connected workflow technologies across diverse markets.
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