Fortive Corporation
Fortive Reports Strong Q3 2024 Results and Raises Full Year Outlook
Summary
Fortive Corporation reported strong third-quarter 2024 results, with revenues increasing 3% year-over-year to $1.54 billion and adjusted diluted EPS of $0.97, up 14% year-over-year. The company also raised its full-year 2024 outlook, anticipating GAAP diluted EPS of $2.47 to $2.50 and adjusted diluted EPS of $3.84 to $3.87. The financial performance was driven by robust recurring revenue growth and positive momentum in orders growth across all segments. Fortive also announced its intention to separate into two independent, publicly traded companies by the fourth quarter of 2025.
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About Fortive Corporation
Fortive Corporation is a diversified industrial technology company that designs, develops, and markets essential products and software services. Operating across various sectors, its core function is to provide solutions that improve the efficiency, productivity, and quality of key processes in business and industry. Fortive's offerings are particularly vital in fields like transportation, healthcare, and water quality, reflecting its impact on critical infrastructure and safety systems. The company's diverse portfolio includes advanced sensing technologies, software tools for intelligent operating systems, and precision instrumentation. Fortive plays a significant role in the industrial market with its focus on solving complex challenges and achieving sustainable outcomes. Established as a spin-off from Danaher Corporation in 2016, Fortive continues to pursue strategic growth through innovation and acquisitions, consolidating its position as a leader in delivering essential technology-driven solutions worldwide.
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