Fortive Q2 revenue $1.3B (+26.7%), adj. EPS $0.66; raises 2021 guidance

Fortive Corp

2021-Q2 EPS reported $0.75 revenue$2,578,900,000

Diluted EPS from continuing ops $0.48; adjusted diluted EPS $0.66, up 53% YoY.
Core revenue growth 21.3%; total revenue up 26.7% to $1.3B.
Q3 2021 adjusted EPS guidance $0.62-$0.66; FY 2021 adjusted EPS raised to $2.65-$2.75.
Operating profit margin and free cash flow exceeded high-end of guidance.
Acquisition of ServiceChannel (SaaS asset) announced; adds high-growth recurring revenue.

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