Investor Relations

Second Quarter 2024 Earnings Call

July 24, 2024 - 12:00 pm ET

Latest Financial Results

Q1 2024

Quarter Ended Mar 29, 2024

2.5%

Core revenue growth

25.1%

Adjusted Operating Margin

11%

Adjusted diluted EPS of $0.83, up 11%

Source: Q1 2024 Earnings Presentation

For complete information regarding our financials, see our periodic filings

Latest Annual Report

For Fiscal Year Ending Dec 31, 2023

Stock Information

Fortive Corporation

Financial Performance

2023 Revenue by Geography

As of Dec. 31, 2023 • 10-K 2023

2023 Revenue by End Markets

As of Dec. 31, 2023 • 10-K 2023

YoY Revenue

In millions

Year Amount
2021 $5,254.7
2022 $5,825.7
2023 $6,065.3

As of Dec. 31, 2023 • 10-K 2023

YoY Adjusted Diluted Net Earnings Per Share*

Year Amount
2021 $2.8
2022 $3.2
2023 $3.4

As of Dec. 31, 2023 • FY 2023 Earning Press Release

*Adjusted EPS is a Non-GAAP measure. View full reconciliation in our Q4 earnings press release OR in our 2023 10-K
View reconciliation

For complete information regarding our financials, see our periodic filings.

Company Overview

Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive’s strategic segments - Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions - include well-known brands with leading positions in their markets. The company’s businesses design, develop, service, manufacture, and market professional and engineered products, software, and services, building upon leading brand names, innovative technologies, and significant market positions. Fortive is headquartered in Everett, Washington and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company’s operating model is the Fortive Business System.

Fortive at a Glance

18K

Employees

>50

Countries

3

Strategic segments

As of Dec. 31, 2023 • 10-K 2023

Three Strategic Business Segments, One Purpose

The Fortive Business System (FBS) is our cultural foundation that focuses on continuous improvement. As the common thread across our businesses, FBS powers our innovation and growth to deliver industry-leading solutions for our customers.

Intelligent Operating Solutions

We're Optimizing Performance

Intelligent Operating Solutions uses advanced instrumentation, software, and services to keep much of the world running safely, efficiently, and more sustainably. We have leading positions in electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety, connecting workflows, real-time data, and powerful analytics to keep customers and critical infrastructure maintained, minimize downtime, and supercharge their productivity.

Learn More About Intelligent Operating Solutions

Precision Technologies

We're Accelerating Innovation

Precision Technologies help solve tough technical challenges to speed breakthroughs in a wide range of applications, from food and beverage production and manufacturing to next-generation electric vehicles and clean energy, as our customers seek new test solutions to enable the electrification and connectivity of everything. From deep sea to deep space, engineers and product developers depend on Fortive’s advanced technologies for safety, precision, and reliability, even in the most demanding and dynamic conditions.

Learn More About Precision Technologies

Advanced Healthcare Solutions

We're Improving Care

Advanced Healthcare Solutions is enabling health care providers to deliver exceptional patient care more efficiently with industry-leading instrument sterilization solutions, instrument tracking, cell therapy equipment design and manufacturing, radiation safety monitoring, and end-to-end clinical productivity solutions. Hospitals, ambulatory surgical centers (ASCs), and laboratories need these intelligent technologies to help ensure critical safety standards are met, instruments and operating rooms are working at peak performance, and complex procedures are followed accurately in these mission-critical healthcare environments.

Learn More About Advanced Healthcare Solutions

Accelerating Progress Toward a Sustainable Future

Sustainability is a core component of our shared purpose: essential technologies for the people who accelerate progress. This makes us a valuable partner for customers seeking sustainable solutions. As a business, we focus on developing impactful environmental goals and programs, meaningful people-focused goals and initiatives for our stakeholders, and strong governance.

Learn About Our ESG Initiatives

IR Contacts

Headquarters

Fortive Corporation
6920 Seaway Boulevard
Everett, WA 98203

Investor Relations

T: 425-446-5000
investors@fortive.com

Transfer Agent

Computershare
P.O. Box 43078
Providence, RI 02940-3078

Overnight correspondence should be sent to:
150 Royall St.
Suite 101
Canton, MA 02021