Fortive Corp (FTV): M&A transaction — Fortive spins off Ralliant (1:3 ratio), names new CEO; Q2 revenue seen flat to slightly down

Fortive Corp

Spin-off effective June 28, 2025; shareholders received 1 RAL share per 3 FTV shares; about 113M RAL shares distributed.
Olumide Soroye appointed President, CEO and Director effective June 28, succeeding James Lico (retired, remains senior advisor through year-end).
Estimated Q2 (ended June 28) revenue and core revenue flat to slightly down; adjusted EPS near mid-point of prior guidance; tariff/policy headwinds cited.
Ralliant borrowed $1.15B under term loans to pay Fortive; Fortive to use proceeds for debt repayment and stock repurchase.
Pro forma net earnings for new Fortive: $112.6M (Q1 2025) vs $171.9M as reported, after Ralliant elimination.

item 1.01 item 2.01 item 2.02 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Fortive Corp completed a disposition involving Ralliant Corporation for one share of Ralliant common stock for every three shares of Fortive common stock held as of the Record Date (closed 2025-06-28).

Action: disposition
Counterparty: Ralliant Corporation
Consideration: one share of Ralliant common stock for every three shares of Fortive common stock held as of the Record Date
Closing: 2025-06-28

Exact text from the filing

The Distribution was completed effective as of 12:01 a.m. on June 28, 2025.

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Fortive Corp filing history →

Source: SEC EDGAR

accession 0001659166-25-000104

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