The earnings call highlighted strong financial performance and growth in key segments like Advanced Healthcare Solutions and Precision Technologies orders. However, there were challenges in Intelligent Operating Solutions, particularly due to shipment delays and hesitance from partners, as well as ongoing weakness in China. Despite these challenges, the company maintained strong operational execution and outlined positive future plans, including share repurchases and a spin-off.

Company Guidance

During Fortive Corporation's Q3 2024 earnings call, the company reported strong financial performance, achieving 14% growth in adjusted EPS and 12% growth in free cash flow on a 3% revenue increase. The call highlighted Fortive's strategic focus on its high-quality portfolio and innovation, with Advanced Healthcare Solutions expanding margins by over 300 basis points on 8% revenue growth, and Precision Technologies seeing double-digit orders growth despite a flat revenue quarter. The company also discussed the planned spin-off of Precision Technologies and continued share repurchases, totaling approximately 4 million shares in Q3. Looking forward, Fortive anticipates a 3% revenue growth for Q4 with a 75 basis point margin expansion. The full-year 2024 guidance includes an adjusted operating profit margin increase of 100 basis points and adjusted EPS growth between 12% and 13%. Fortive remains poised for continued momentum in 2025, driven by recurring revenue growth, operational efficiencies, and strategic capital deployment.

Strong Financial Performance

Achieved 14% adjusted EPS growth and 12% free cash flow growth on 3% revenue growth. Adjusted operating margins increased with 60% incrementals on 1% core growth.

Advanced Healthcare Solutions Success

Expanded adjusted operating margins by over 300 basis points on 8% revenue growth, with key growth drivers including double-digit consumables growth and almost 20% SaaS growth.

Precision Technologies Orders Growth

Precision Technologies saw high single-digit orders growth after several quarters of decline, with recovery led by investments in AI applications from customers like NVIDIA and TSMC.

Share Repurchase and Spin-off Plans

Accelerated share repurchases, buying back approximately 4 million shares in the quarter, with plans to use 75% of free cash flow for share repurchases ahead of the Precision Technologies spin-off.

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Fortive (FTV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FTV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2025	2024 (Q4)	1.12 / -	0.98	―	―	―
Oct 30, 2024	2024 (Q3)	0.93 / 0.97	0.85	14.12% (+0.12)
Jul 24, 2024	2024 (Q2)	0.92 / 0.93	0.85	9.41% (+0.08)
Apr 24, 2024	2024 (Q1)	0.80 / 0.83	0.75	10.67% (+0.08)
Jan 31, 2024	2023 (Q4)	0.94 / 0.98	0.88	11.36% (+0.10)
Oct 25, 2023	2023 (Q3)	0.85 / 0.85	0.79	7.59% (+0.06)
Jul 26, 2023	2023 (Q2)	0.81 / 0.85	0.78	8.97% (+0.07)
Apr 26, 2023	2023 (Q1)	0.73 / 0.75	0.7	7.14% (+0.05)
Feb 01, 2023	2022 (Q4)	0.84 / 0.88	0.79	11.39% (+0.09)
Oct 26, 2022	2022 (Q3)	0.76 / 0.79	0.66	19.70% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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FTV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$74.52	$72.02	-3.35%
Jul 24, 2024	$76.52	$70.25	-8.19%
Apr 24, 2024	$80.44	$75.81	-5.76%
Jan 31, 2024	$74.39	$77.86	+4.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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