Fortive Q4 adj EPS $0.98, revenue $1.58B; guides FY24 adj EPS $3.73-$3.85

Fortive Corp

2023-FY EPS reported $2.43 revenue$6,065,300,000

Q4 GAAP diluted EPS $0.75 (+17% YoY); adjusted diluted EPS $0.98 (+11% YoY).
Q4 revenue $1.58B (+4% total, +3% core YoY); full-year revenue $6.07B (+4%, core +5%).
Q4 operating cash flow $447M, free cash flow $413M (+56% vs two years prior).
Full-year 2024 guidance: revenue $6.4-6.5B; GAAP EPS $2.58-$2.70; adjusted EPS $3.73-$3.85.
Completed acquisition of EA Elektro-Automatik on Jan 3, 2024; expects ~$90M real estate gain in H1 2024.

item 2.02 item 9.01

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 full year 2023 results: revenue $6.07 billion, net income $866 million, EPS $2.43.

Period: the full year 2023
Revenue: $6.07 billion
Net income: $866 million
EPS: $2.43
Result: reported results

Exact text from the filing

per share for the full year was $2.43. For the same period, adjusted diluted net earnings per share was $3.43. For the full year, revenues increased 4% year-over-year to $6.07 billion, which included core revenue growth of 5%. James A. Lico, President and Chief Executive Officer, stated, “Fortive generated outstanding operating performance in the fourth

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fortive Corp reported the quarter ended December 31, 2023 results: revenue $1.58 billion, net income $265 million, EPS $0.75.

Period: the quarter ended December 31, 2023
Revenue: $1.58 billion
Net income: $265 million
EPS: $0.75
Result: reported results

Exact text from the filing

share for the fourth quarter was $0.75. For the same period, adjusted diluted net earnings per share was $0.98. For the fourth quarter, revenues increased 4% year-over-year to $1.58 billion, which included core revenue growth of 3%. For the full year, net earnings were $866 million. For the same period, adjusted net earnings were $1.2 billion. Diluted net earnings

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fortive Corp reported the first quarter of 2024 results: revenue approximately $1.5 billion, EPS $0.44 to $0.47. Guidance initiated.

Period: the first quarter of 2024
Revenue: approximately $1.5 billion
EPS: $0.44 to $0.47
Guidance: initiated
Result: guidance update

Exact text from the filing

For the first quarter of 2024, Fortive anticipates revenue of approximately $1.5 billion, diluted net earnings per share of $0.44 to $0.47 and adjusted diluted net earnings per share of $0.77 to $0.80.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fortive Corp reported the full year 2024 results: revenue approximately $6.4 billion to $6.5 billion, EPS $2.58 to $2.70. Guidance initiated.

Period: the full year 2024
Revenue: approximately $6.4 billion to $6.5 billion
EPS: $2.58 to $2.70
Guidance: initiated
Result: guidance update

Exact text from the filing

For the full year 2024, Fortive anticipates revenue of approximately $6.4 billion to $6.5 billion, diluted net earnings per share of $2.58 to $2.70, and adjusted diluted net earnings per share of $3.73 to $3.85.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Fortive Corp filing history →

Source: SEC EDGAR

accession 0001659166-24-000023

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