Fortive Corp is a diversified industrial technology company that specializes in providing essential technologies and solutions across a range of applications, including industrial automation, sensing, and software-driven data solutions
The company operates through various segments, focusing on areas such as precision instruments, automated workflow solutions, and electronic and industrial components. Fortive's innovative products are designed to enhance productivity, improve operational efficiency, and support a variety of industries, including manufacturing, healthcare, and utilities. With a commitment to sustainable practices and continuous improvement, Fortive aims to empower customers through reliable and advanced technological solutions.
Fortive Corporation ("Fortive") (NYSEFTV) today announced that Mark Okerstrom has been appointed Chief Financial Officer, effective March 24, 2025. Mr. Okerstrom will succeed Chuck E. McLaughlin who, as previously announced, will be retiring from his role as CFO on March 24, 2025 but will continue to serve in a non-executive officer role through the end of the year to assist with the transition and ensure continuity.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Hyster-Yale Materials Handling (NYSEHY) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how ESAB (NYSEESAB) and the rest of the professional tools and equipment stocks fared in Q4.
Fortive Corporation ("Fortive") (NYSEFTV) today announced that its Board of Directors (the “Board”) has appointed Gregory Moore, M.D., Ph.D., as a director of Fortive, effective February 26, 2025, with the size of the Board expanded from nine to ten members. In addition, Dr. Moore was appointed to the Compensation Committee and Nominating and Governance Committee.
Fortive Corporation ("Fortive") (NYSEFTV) today announced that James A. Lico, President and Chief Executive Officer, and Olumide Soroye, President and Chief Executive Officer of Intelligent Operating Solutions and Advanced Healthcare Solutions, will be presenting at the Barclays Industrial Select Conference on Wednesday, February 19th, 2025 at 10:25 a.m. ET (7:25 a.m. PT). The audio will be simultaneously webcast and will be archived on www.fortive.com.
Fortive Corporation ("Fortive") (NYSEFTV) today announced that James A. Lico, President and Chief Executive Officer, and Tami Newcombe, President and Chief Executive Officer of Precision Technologies (PT), will be presenting at the Citi Global Industrial Tech and Mobility Conference on Tuesday, February 18th, 2025 at 8:50 a.m. ET (5:50 a.m. PT). The audio will be simultaneously webcast and will be archived on www.fortive.com.
Industrial technology company Fortive (NYSEFTV) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 2.3% year on year to $1.62 billion. Next quarter’s revenue guidance of $1.50 billion underwhelmed, coming in 3.7% below analysts’ estimates. Its non-GAAP profit of $1.17 per share was 4.4% above analysts’ consensus estimates.
Fortive Corporation (NYSEFTV) reported Q4 results with revenue of $1.62B, missing consensus. EPS of $1.17 beat expectations. Company expects revenue of $6.23B-$6.35B for FY25.
Fortive Corporation (“Fortive”) (NYSEFTV) today announced that its Precision Technologies segment expected to be separated as a new independent, public company has been named Ralliant Corporation (“Ralliant”). Ralliant is trusted for precision technologies that advance next generation innovation and safeguard mission-critical applications through leading brands in test and measurement, specialty sensors, and aero, defense, and space subsystems. In addition, Fortive will provide an update on its anticipated separation timing during its upcoming fourth quarter and full year 2024 earnings call scheduled for February 7th, 2025.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Hyster-Yale Materials Handling (NYSEHY) and its peers.
Jason Snipe of Odyssey Capital Advisors said he is staying long on Palo Alto Networks, Inc. Supporting his choice, Morgan Stanley analyst Hamza Fodderwala, on Jan. 21, maintained Palo Alto Networks with an Overweight rating.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with Fortive (NYSEFTV).
Fortive Corporation (“Fortive”) (NYSEFTV) today announced that its Board of Directors has appointed Sharmistha “Shar” Dubey as the Chair of the Board. Ms. Dubey succeeds Alan G. Spoon who has notified the Board that he will retire from the Board and not stand for reelection at the upcoming Annual General Meeting in June 2025.
Fortive Corporation (“Fortive”) (NYSEFTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of its common stock, par value $0.01 per share, payable on March 28, 2025 to common stockholders of record on February 28, 2025. Although Fortive expects to pay dividends on a quarterly basis, any subsequent declaration of dividends, including the amount, the record dates and the payment dates for any such future dividend payments, is subject to the discretion of the Board of Directors.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the professional tools and equipment industry, including Snap-on (NYSESNA) and its peers.
