Fortive Q2 revenue up 11% to $1.46B, raises full-year adjusted EPS guidance to $3.07-$3.13

Fortive Corp

2022-Q2 EPS reported $0.93 revenue$2,839,800,000

Q2 revenue $1.46B (+11% YoY), core growth 9%; GAAP EPS $0.48, adjusted EPS $0.78 (+18% YoY).
Full-year 2022 outlook raised: revenue $5.78B-$5.83B; adjusted EPS $3.07-$3.13 (up 12-14%).
Q3 2022 guidance: revenue $1.43B-$1.46B; adjusted EPS $0.74-$0.77; GAAP EPS $0.49-$0.53.
Recorded $16.2M charge for Russia exit; hardware orders and software ARR grew high single digits.
Management beat expectations despite Shanghai lockdown and supply chain headwinds.

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