Fortive reports Q3 revenue $1.49B (+2.6% YoY); adj. EPS $0.85 (+8%); narrows FY2023 outlook

Fortive Corp

2023-Q3 EPS reported $1.69 revenue$4,481,600,000

Q3 revenue $1.49B, up 2.6% YoY (core +2.5%); operating margin expanded 220bps to 20%.
GAAP diluted EPS $0.61 (+15% YoY); adjusted diluted EPS $0.85 (+8% YoY).
Software ARR grew 9% YoY; all segments showed core growth.
Full-year FY2023 outlook narrowed: revenue ~$6.0-6.1B, adjusted EPS $3.37-3.40.
Q4 2023 guidance: revenue ~$1.6B, adjusted EPS $0.92-0.95.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Fortive Corp reported the quarter ended September 29, 2023 results: revenue $1.49 billion, net income $218 million, EPS $0.61. Guidance reaffirmed.

Period: the quarter ended September 29, 2023
Revenue: $1.49 billion
Net income: $218 million
EPS: $0.61
Guidance: reaffirmed
Result: reported results

Exact text from the filing

share for the third quarter was $0.61. For the same period, adjusted diluted net earnings per share was $0.85. For the third quarter, revenues increased 2.6% year-over-year to $1.49 billion, which included core revenue growth of 2.5%. James A. Lico, President and Chief Executive Officer, stated, “Our results in the third quarter once again reflected the durability

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Source: SEC EDGAR

accession 0001659166-23-000230

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