Fortive Q1 revenue $1.4B, adj EPS $0.70; raises FY2022 adj EPS guidance to $3.04-$3.13

Fortive Corp

2022-Q1 EPS reported $0.45 revenue$1,376,500,000

Q1 revenue $1.4B, up 9.3% YoY; core revenue growth 5.3%.
GAAP EPS $0.45; adjusted EPS $0.70, up 11% YoY.
Raises low end of FY2022 outlook: adj EPS $3.04-$3.13 (11-14% growth), GAAP EPS $2.07-$2.16.
Q2 2022 guidance: revenue $1.39B-$1.43B, adj EPS $0.70-$0.73.
Mid-teens software growth; 2021 acquisitions ServiceChannel and Provation accretive.

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