Fortive Corporation announced its financial results for the second quarter of 2025, reporting a GAAP diluted net earnings per share of $0.49 and an adjusted diluted net EPS of $0.90, which is at the high end of its guidance range. The company generated revenue of $1.02 billion, reflecting a slight decline of 0.4% year-over-year. Despite challenges related to trade and government spending, Fortive reported a GAAP net income of $112 million, with operating cash flow of $205 million and free cash flow of $180 million for the quarter. The company also deployed $345 million for share repurchases in the first half of the year.
Additionally, Fortive completed the spin-off of its Precision Technologies segment, Ralliant, on June 28, 2025, distributing shares to Fortive shareholders. Starting in the third quarter of 2025, Ralliant will be classified as a discontinued operation in Fortive's financial statements. For the full year 2025, Fortive expects adjusted diluted net earnings per share to be in the range of $2.50 to $2.60, emphasizing its focus on a clear value creation plan to enhance shareholder returns.
linkJul 30, 2025 07:33:44
Fortive Corporation has finalized the separation of its Precision Technologies segment by spinning off Ralliant Corporation to its shareholders, effective June 28, 2025. Shareholders received one share of Ralliant for every three shares of Fortive they held, with Ralliant now trading under the symbol 'RAL' on the New York Stock Exchange. This strategic move is aimed at allowing both companies to operate independently and focus on their respective markets.
In conjunction with the separation, Olumide Soroye has been appointed as the new President, CEO, and Director of Fortive, succeeding James Lico, who has retired but will continue as a non-executive senior advisor until the end of the year. Soroye highlighted challenges in revenue growth due to external pressures but emphasized confidence in Fortive's ability to drive future value for shareholders. The company will maintain its trading symbol 'FTV' on the NYSE.
linkJun 30, 2025 06:05:24
Fortive Corporation plans to separate Ralliant Corporation, which holds the Precision Technologies segment, by distributing Ralliant's common stock to Fortive stockholders on June 28, 2025. The financial results presented in the press release assume that this separation has already occurred, treating the Precision Technologies segment as a discontinued operation. This change will be reflected retrospectively in future filings if the separation is completed, without altering previously filed financial statements with the SEC.
The press release includes detailed financial data for Fortive for fiscal years 2022, 2023, and 2024, along with projections for the first quarter of 2025. It provides insights into the company's sales, gross profit, operating costs, and net earnings, with a focus on continuing operations and the impact of the planned separation. Investors may find the financial metrics and operational performance comparisons useful for assessing Fortive's current position and future potential.
linkJun 09, 2025 18:01:06
Fortive Corporation has issued a notice regarding an upcoming blackout period under its Retirement Savings Plan. This blackout period will commence on June 27, 2025, at 4:00 p.m. Eastern Time and is expected to conclude during the week of July 6, 2025. During this time, participants will be unable to transfer funds into or out of the Fortive Stock Fund due to changes related to the separation of Ralliant Corporation and the distribution of its shares to Fortive’s stockholders.
Executive officers and directors will face trading restrictions during the blackout period, as mandated by the Sarbanes-Oxley Act. These restrictions prevent them from buying, selling, or transferring any Fortive common stock acquired through their employment or service with the company. The company will inform stakeholders if there are any adjustments to the blackout period dates.
linkMay 28, 2025 16:30:19
Ralliant Corporation, a subsidiary of Fortive Corporation, has entered into a credit agreement totaling $2.05 billion, which includes a three-year $700 million term loan, an eighteen-month $600 million term loan, and a $750 million revolving credit facility. The borrowing from these facilities is contingent upon the completion of Ralliant's separation from Fortive, where Ralliant will distribute shares to Fortive's stockholders. The agreement outlines various interest rates for the loans and requires Ralliant to maintain a Consolidated Net Leverage Ratio of 3.50 to 1.00, with a potential increase to 4.00 to 1.00 under certain conditions related to acquisitions. Ralliant plans to use the proceeds from the loans to fund a cash distribution to Fortive and for ongoing working capital needs after the separation.
The credit agreement includes customary covenants and conditions that restrict Ralliant's ability to incur additional debt, merge, or make asset transfers without lender consent. It also provides for a potential expansion of the credit facilities by up to $500 million, subject to specific conditions. In the event of default, lenders have the right to demand immediate repayment of all obligations. This financial arrangement is significant for investors as it outlines Ralliant's funding strategy during its transition period and establishes financial obligations that will impact its future operational flexibility.
linkMay 19, 2025 17:00:26
Fortive Corporation announced its financial results for the first quarter of 2025, reporting a GAAP diluted net earnings per share (EPS) of $0.50 and an adjusted diluted EPS of $0.85. Revenue decreased by 3% year-over-year to $1.47 billion, with a core revenue decline of 2%. The company generated operating profit margins of 15.8% and adjusted operating profit margins of 25.3%, reflecting a 20 basis point increase from the previous year, mainly driven by the Intelligent Operating Solutions segment. Fortive also reported a 5% year-over-year increase in trailing twelve-month operating cash flow, exceeding expectations.
The company updated its 2025 adjusted EPS guidance to account for moderated demand in the Precision Technologies segment and the anticipated impact of tariffs. Fortive expects diluted EPS for the second quarter of 2025 to be between $0.44 and $0.49, and for the full year, it anticipates diluted EPS to range from $2.23 to $2.43. Additionally, Fortive is targeting the separation of its Precision Technologies segment, named Ralliant, by the end of the second quarter of 2025, which is intended to qualify as a tax-free spin-off for shareholders.
linkMay 01, 2025 07:32:45
Fortive Corporation announced its fourth quarter and full year 2024 results, highlighting a 19% year-over-year increase in adjusted diluted earnings per share (EPS) to $1.17. The company achieved record operating cash flow of $502 million and free cash flow of $465 million, both reflecting a 13% increase compared to the previous year. Revenue for Q4 rose 2% year-over-year to $1.62 billion, driven by growth in its Intelligent Operating Solutions and Advanced Healthcare Solutions segments. The company also noted a successful order growth across all segments, particularly in Precision Technologies, which saw double-digit growth for the second consecutive quarter. Additionally, Fortive is progressing well with its plan to separate its Precision Technologies segment into an independent company by early Q3 2025, which is expected to be a tax-free spin-off for shareholders.
Despite these positive results, Fortive reported a decline in net earnings for Q4 2024, which fell to $209 million compared to $265 million in the same period last year. The overall revenue growth for the full year was modest at 3%, with core revenue growth at 1%. The company also faced challenges in its Precision Technologies segment, where operating profit margins decreased from 25.1% to 20.0% year-over-year. Additionally, the total cash and equivalents decreased significantly from $1.89 billion in 2023 to $813 million in 2024, indicating potential liquidity concerns moving forward.
linkFeb 07, 2025 07:37:04
Fortive Corporation has informed shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 1,500,000 shares at $75.00 each, which is a 4.93% discount to the market price prior to the offer. Fortive emphasizes that this offer is below the current market value and is subject to numerous conditions, urging shareholders to withdraw any shares tendered to TRC before the offer's expiration on January 9, 2025.
The company highlights that mini-tender offers typically seek less than 5% of a company's outstanding shares, which allows them to bypass many investor protections. The SEC has warned investors about such offers that may be below market prices, advising caution. Fortive is not affiliated with TRC or its offer and encourages shareholders to consult current market prices and seek advice from brokers or financial advisors.
linkDec 16, 2024 16:20:30
Fortive Corporation reported positive financial results for the third quarter of 2024, with earnings and cash flow performance exceeding expectations. The company achieved a revenue growth of 3% year-over-year, totaling $1.54 billion, and experienced an increase in adjusted diluted earnings per share by 14%. Operating profit margins improved, and the company reported strong cash flow figures, with operating cash flow reaching $459 million and free cash flow at $431 million, both up 12% from the previous year. Additionally, Fortive anticipates a positive outlook for the full year 2024, projecting further growth in earnings and cash flow.
However, the company also faced challenges, including a slight decline in core revenue growth, which was reported at only 1%. While overall revenue showed growth, the performance in certain segments, particularly Precision Technologies, indicated some pressure, as it experienced a decrease in operating profit margin. The announcement of a planned separation into two independent companies may also introduce uncertainties regarding the future structure and focus of the business, which could impact investor confidence.
linkOct 30, 2024 07:33:59
Fortive Corporation has announced plans to separate into two independent public companies, aiming to create focused business models. The existing Fortive will concentrate on high-quality recurring revenue and software businesses, while the new company, NewCo, will focus on its Precision Technologies segment, capitalizing on growth trends in technology. This separation is expected to enhance value for stakeholders and is anticipated to be completed in the fourth quarter of 2025. Both companies will have distinct investment profiles and are well-positioned for future growth.
Leadership changes will occur following the spin-off, with current CEO James A. Lico retiring and Olumide Soroye stepping in as the new CEO of Fortive. The company plans to prioritize share repurchases and maintain a disciplined capital allocation strategy until the spin-off is finalized. Fortive has reaffirmed its outlook for Q3 2024 and the full year, indicating confidence in its financial performance despite the upcoming changes. Overall, the spin-off is designed to enhance operational focus and long-term growth potential for both entities.
linkSep 04, 2024 16:45:21