earnings
confidence high
sentiment positive
materiality 0.75
Fortive Q2 adj EPS $0.93 at high-end; narrows FY2024 outlook to $3.80-$3.86
Fortive Corp
2024-Q2 EPS reported
$1.13
revenue$3,076,900,000
- Q2 revenue $1.55B (+2% YoY), core flat; GAAP EPS $0.55, adj EPS $0.93 (high-end guidance).
- Adjusted operating margin 27% (+90 bps YoY); operating cash flow $309M, free cash flow $280M.
- FY2024 outlook: adj EPS $3.80-$3.86 (+11-13% YoY), GAAP EPS $2.68-$2.74 (+10-13%), revenue ~$6.25-$6.30B.
- Q3 guidance: revenue ~$1.55B, GAAP EPS $0.63-$0.66, adj EPS $0.92-$0.95.
- Strength in Advanced Healthcare & Intelligent Operating Solutions; delayed recovery in Precision Technologies.