---
schema_version: "secwatch.filing_event.v1"
accession: "0001659166-23-000147"
form_type: "8-K"
ticker: "FTV"
cik: "0001659166"
company_name: "Fortive Corp"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T13:02:43.546265+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fortive Q1 revenue $1.46B (+6% YoY), adj EPS $0.75 (+7%); raises FY guidance low end

## Summary
- Q1 revenue $1.46B (+6% YoY, +9% core); GAAP EPS $0.49, adj EPS $0.75 (+7%).
- Raises low end of FY2023 guidance: adj EPS $3.29-$3.40 (up 4%-8%); GAAP EPS $2.33-$2.44.
- Q2 guidance: revenue ~$1.5B, adj EPS $0.78-$0.82, GAAP EPS $0.52-$0.56.
- Pat Murphy (AHS President) retiring by Dec 31; Tami Newcombe to lead both PT and AHS segments from July 1.
- Andrew McCauley promoted to Group President, Sensing Technologies effective July 1, 2023.

## SEC filing metadata
- accession: 0001659166-23-000147
- form_type: 8-K
- ticker: FTV
- cik: 0001659166
- company_name: Fortive Corp
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1659166/000165916623000147/0001659166-23-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1659166/000165916623000147/ftv-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001659166-23-000147
- JSON: https://secwatch.observer/filing/0001659166-23-000147.json
- Plain text: https://secwatch.observer/filing/0001659166-23-000147.txt

## Key facts
- Earnings Releases
  Fortive Corp reported first quarter 2023 results: revenue $1.46 billion, net income $174 million, EPS $0.49. Guidance raised.
  - Period: first quarter 2023
  - Revenue: $1.46 billion
  - Net income: $174 million
  - EPS: $0.49
  - Guidance: raised
  - Result: reported results
  source text: For the first quarter, net earnings were $174 million. For the same period, adjusted net earnings were $267 million. Diluted net earnings per share for the first quarter was $0.49. For the same period, adjusted diluted net earnings per share was $0.75. For the first quarter, revenues increased 6% year-over-year to $1.46 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1659166/000165916623000147/0001659166-23-000147-index.htm
- Executive change
  Patrick Murphy retired as President and CEO of the Advanced Healthcare Solutions segment at Fortive Corp.
  - Action: retired
  - Role: President and CEO of the Advanced Healthcare Solutions segment
  source text: On April 24, 2023, Patrick Murphy, the President and CEO of the Advanced Healthcare Solutions segment, notified the Company that he will retire from the Company by December 31, 2023, with transition from his current position effective July 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1659166/000165916623000147/0001659166-23-000147-index.htm
- Executive change
  Tamara S. Newcombe changed role as President and CEO of the Precision Technologies and Advanced Healthcare Solutions segments at Fortive Corp.
  - Action: expanded
  - Role: President and CEO of the Precision Technologies and Advanced Healthcare Solutions segments
  source text: Effective July 1, 2023, Tamara S. Newcombe, who is currently the President and CEO of the Precision Technologies segment of the Company, will expand her leadership responsibilities to include the Advanced Healthcare Solutions segment as the President and CEO of the Precision Technologies and Advanced Healthcare Solutions segments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1659166/000165916623000147/0001659166-23-000147-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.