8-K
filed February 1, 2023, 6:59 PM ET
ticker FTV
CIK 0001659166
earnings
confidence high
sentiment positive
materiality 0.75
Fortive Q4 revenue up 11% to $1.53B; adj EPS $0.88; guides 2023 adj EPS $3.25-$3.40
Fortive Corp
2022-FY EPS reported
$2.10
revenue$5,825,700,000
- Q4 Revenue $1.53B (+11% YoY, core +14%); GAAP EPS $0.64, Adjusted EPS $0.88 (+11%)
- Full-year 2022 revenue $5.83B (+10.9%), GAAP EPS $2.10, Adjusted EPS $3.15.
- Q4 operating cash flow $464M (+62%), free cash flow $428M (+62%).
- Q1 2023 guidance: revenue $1.40B-$1.44B, adj EPS $0.71-$0.74.
- FY 2023 guidance: revenue $5.95B-$6.10B, GAAP EPS $2.30-$2.45, Adj EPS $3.25-$3.40.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fortive Corp reported the first quarter of 2023 results: revenue $1.40 billion to $1.44 billion, EPS $0.47 to $0.50. Guidance initiated.
- Period
- the first quarter of 2023
- Revenue
- $1.40 billion to $1.44 billion
- EPS
- $0.47 to $0.50
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the first quarter of 2023, Fortive anticipates revenue of $1.40 billion to $1.44 billion, diluted net earnings per share from continuing operations of $0.47 to $0.50 and adjusted diluted net earnings per share from continuing operations of $0.71 to $0.74.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fortive Corp reported the full year 2023 results: revenue $5.95 billion to $6.10 billion, EPS $2.30 to $2.45. Guidance initiated.
- Period
- the full year 2023
- Revenue
- $5.95 billion to $6.10 billion
- EPS
- $2.30 to $2.45
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the full year 2023, Fortive anticipates revenue of $5.95 billion to $6.10 billion, diluted net earnings per share from continuing operations of $2.30 to $2.45, and adjusted diluted net earnings per share from continuing operations of $3.25 to $3.40.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fortive Corp reported the fourth quarter ended December 31, 2022 results: revenue $1.53 billion, net income $227 million, EPS $0.64.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $1.53 billion
- Net income
- $227 million
- EPS
- $0.64
- Result
- reported results
Exact text from the filing
For the fourth quarter, net earnings from continuing operations were $227 million. For the same period, adjusted net earnings from continuing operations were $313 million. Diluted net earnings per share from continuing operations for the fourth quarter were $0.64. For the same period, adjusted diluted net earnings per share from continuing operations were $0.88. For the fourth quarter, revenues from continuing operations increased 11% year-over-year to $1.53 billion, which included core revenue growth of 14%.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fortive Corp reported the full year ended December 31, 2022 results: revenue $5.83 billion, net income $755 million, EPS $2.10.
- Period
- the full year ended December 31, 2022
- Revenue
- $5.83 billion
- Net income
- $755 million
- EPS
- $2.10
- Result
- reported results
Exact text from the filing
For the full year, net earnings from continuing operations were $755 million. For the same period, adjusted net earnings from continuing operations were $1.13 billion. Diluted net earnings per share from continuing operations for the full year were $2.10. For the same period, adjusted diluted net earnings per share from continuing operations were $3.15. For the full year, revenues from continuing operations increased 10.9% year-over-year to $5.83 billion, which included core revenue growth of 10.1%.
View on SEC.gov
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