earnings
confidence high
sentiment positive
materiality 0.75
Fortive Q3 revenue $1.3B (+12% YoY); adj. EPS $0.66; raises FY adjusted EPS guidance
Fortive Corp
2021-Q3 EPS reported
$1.17
revenue$3,878,400,000
- Revenue increased 12% YoY to $1.3B; core revenue up 9.1%.
- Adjusted diluted EPS from continuing operations $0.66, GAAP EPS $0.42.
- Full-year 2021 adjusted EPS guidance raised to $2.70-$2.75 from prior low end.
- Software businesses delivered mid-teens revenue growth; ServiceChannel acquisition closed in Q3.
- Q4 2021 adjusted EPS guidance $0.74-$0.79; GAAP EPS guidance $0.45-$0.50.