Fortive Corporation

FTV
Sector

Technology

Industry

Scientific & Technical Instruments

Market Cap

$26.33B

Employees

18K

Company Overview

Fortive Corporation is a global provider of essential technologies for connected workflow solutions, operating through three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The company designs, develops, manufactures, and services professional and engineered products, software, and services, leveraging leading brand names and innovative technologies. Fortive has a significant global presence with operations in over 50 countries and a workforce of more than 18,000 employees.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenue increased by 2.7% YoY, with core revenue (excluding acquisitions and currency translation) increasing by 1.1%. Acquisitions contributed 1.6% to revenue growth, indicating a reliance on M&A for top-line expansion. (See MD&A section, Results of Operations)

Operating profit margin decreased by 20 basis points to 19.3%. This decline was attributed to the net effect of various factors, including productivity gains offset by volume declines in certain business and end markets, and the impact of acquired businesses. (See MD&A section, Results of Operations)

The effective tax rate decreased from 15.2% to 4.6% for the quarter, primarily due to changes in applicable statutory tax rates. This suggests a potential one-time benefit rather than a sustainable improvement in tax efficiency. (See Note 7, Income Taxes)

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

3 Insights