Mark D. Okerstrom
On March 4, 2025, the Board of Directors of Fortive Corporation (the “Company”) appointed Mark D. Okerstrom as Senior Vice President and Chief Financial Officer of the Company, effective March 24, 2025
Highest-materiality recent filing
Fortive issues $1.1B in notes to refinance maturing debt and for general corporate purposes
$600M of 4.750% notes due 2031 and $500M of 5.250% notes due 2036 issued May 14, 2026.
Fortive Q1 2026 adjusted EPS $0.70 beats; revenue up 7.7%; buys back $500M shares
GAAP diluted EPS $0.44 (+33.3% YoY); adjusted diluted EPS $0.70 (+25.4% YoY).
Fortive enters $2.0B revolving credit facility due 2031, replacing 2022 facility
New $2.0B 5-year revolving credit facility matures March 17, 2031; no borrowings at closing.
Fortive Q4 adj EPS $0.90 beats; FY 2025 adj EPS $2.71 above high-end; guides FY 2026 $2.90-$3.00
Q4 revenue $1.12B (+4.6% reported, +3.3% core); adj EBITDA margin 31.9% (+90 bps YoY).
Fortive Q3 adj. EPS $0.68 beats, raises FY25 guidance to $2.63-2.67, $1B buyback
Revenue $1.03B (core +1.9%), GAAP EPS $0.35, adj. EPS $0.68 (+15.3% YoY).
Fortive CPO Stacey Walker to retire effective Jan 2, 2026
Stacey Walker, SVP and Chief People Officer, notified Fortive of her retirement on Oct 13, 2025.
Fortive Q2 adjusted EPS $0.58 at high end of guidance; completes Ralliant spin-off
Continuing ops revenue $1.016B, down 0.4% YoY; core revenue decline 0.7%.
Fortive spins off Ralliant (1:3 ratio), names new CEO; Q2 revenue seen flat to slightly down
Spin-off effective June 28, 2025; shareholders received 1 RAL share per 3 FTV shares; about 113M RAL shares distributed.
Hosted Investor Day on June 10, 2025, discussing separation of Precision Technologies segment into Ralliant.
All nine director nominees elected with >95% support; top vote-getter James A. Lico received 307.3M for.
Fortive blackout period on stock fund from June 27 to July 6 due to Ralliant spin-off
Blackout on Fortive Stock Fund due to Ralliant separation; participants cannot transfer in/out from June 27 to July 6.
Ralliant, Fortive subsidiary, enters $2.05B credit facility contingent on spin-off
$700M three-year and $600M eighteen-month senior unsecured delayed draw term loans, plus $750M revolver.
Fortive Q1 adjusted EPS $0.85 in line; guides FY25 adj. EPS $3.80-$4.00; Ralliant spin targeted Q2
Q1 GAAP EPS $0.50, adjusted EPS $0.85; revenue $1.47B (-3% YoY); adjusted operating margin 25.3% (+20bps YoY).
Fortive appoints Mark Okerstrom as CFO effective March 24, 2025; McLaughlin retires
Mark Okerstrom named SVP & CFO, effective March 24, 2025, succeeding Charles McLaughlin who retires but remains through Dec 2025.
Fortive appoints Gregory J. Moore to Board, increasing size to 10 members
Board size increased from 9 to 10; Dr. Moore appointed effective Feb 26, 2025 through 2025 Annual Meeting.
Fortive Q4 adjusted EPS $1.17 beats; record cash flow; spin-off on track for early Q3'25
Q4 revenue $1.62B (+2% YoY); GAAP EPS $0.60, adjusted EPS $1.17 (+19% YoY).
Fortive Board Chair Alan G. Spoon to retire; Sharmistha Dubey named new Chair
Alan G. Spoon will not stand for re-election at 2025 Annual Meeting (June 3, 2025) and will retire from Board effective that date.
Fortive urges shareholders to reject TRC Capital mini-tender offer at $75/sh, 4.93% below market
TRC Capital offers to buy up to 1.5M Fortive shares (0.44% of outstanding) at $75.00/sh, a 4.93% discount to Dec 6 close.
Fortive Q3 revenue $1.54B (+3% YoY), adj. EPS $0.97 (+14%), raises FY outlook
GAAP diluted EPS $0.63; adjusted diluted EPS $0.97 (up 14% YoY), above Q3 guidance high-end.
Fortive to spin off Precision Technologies into NewCo; CEO Lico to retire, Soroye to take over
Plans tax-free spin-off of Precision Technologies segment into a separate public company, targeting Q4 2025 completion.
Fortive Q2 adj EPS $0.93 at high-end; narrows FY2024 outlook to $3.80-$3.86
Q2 revenue $1.55B (+2% YoY), core flat; GAAP EPS $0.55, adj EPS $0.93 (high-end guidance).
Fortive shareholders elect all 9 directors, approve say-on-pay, reject director comp proposal
All nine director nominees elected; Sharmistha Dubey received highest against votes (~31M).
Fortive Q1 adjusted EPS $0.83, revenue $1.52B both beat; raises FY outlook
GAAP diluted EPS $0.58 (+18% YoY); adjusted diluted EPS $0.83 (+11% YoY). Revenue $1.52B (+4%, core +3%).
On March 4, 2025, the Board of Directors of Fortive Corporation (the “Company”) appointed Mark D. Okerstrom as Senior Vice President and Chief Financial Officer of the Company, effective March 24, 2025
Mr. Okerstrom will succeed Charles E. McLaughlin, who will retire from his role as Senior Vice President and Chief Financial Officer of the Company on the Effective Date and will continue to serve in a non-executive officer role with the Company through December 31, 2025 to assist with the transition.
Effective February 26, 2025, the Board of Directors of Fortive Corporation (the “Company”) increased the size of the Company’s Board from nine to ten members and appointed Gregory J. Moore, M.D., Ph.D., to the Board
effective January 28, 2025, the Board appointed Sharmistha Dubey, an independent director of the Company, as the Chair of the Board to succeed Mr. Spoon.
effective January 28, 2025, the Board appointed Sharmistha Dubey, an independent director of the Company, as the Chair of the Board to succeed Mr. Spoon.
On January 28, 2025, Alan G. Spoon notified the Board of Directors (the “Board”) of Fortive Corporation (the “Company”) that he has elected not to stand for re-election as a director at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on June 3, 2025, and will retire from the Board effective on the date of the Annual Meeting.
On August 31, 2024, James A. Lico notified the Board of Directors of Fortive Corporation (the “Company” or “Fortive”) of his decision to retire as President and Chief Executive Officer, and as a director, of the Company, effective upon the consummation of the proposed spin-off
In addition, on August 30, 2024, Charles E. McLaughlin notified the Company of his decision to retire as Senior Vice President and Chief Financial Officer of the Company by the end of the first quarter of 2025.
On August 31, 2024, James A. Lico notified the Board of Directors of Fortive Corporation (the “Company” or “Fortive”) of his decision to retire as President and Chief Executive Officer, and as a director, of the Company, effective upon the consummation of the proposed spin-off
Max materiality 0.85 · Median 0.70 · Most common event earnings