Fortive ( (FTV) ) has released its Q4 earnings. Here is a breakdown of the information Fortive presented to its investors.
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Fortive Corporation is a global provider of essential technologies for connected workflow solutions across various markets, focusing on Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Headquartered in Everett, Washington, it employs over 18,000 people worldwide.
Fortive reported strong financial results for the fourth quarter and full year 2024, highlighting robust margin expansion and record cash flow. The company experienced better-than-expected core growth and earnings, driven by innovative solutions and strong demand in key segments.
Key financial highlights include a 2% year-over-year increase in fourth-quarter revenues, reaching $1.62 billion, and a 3% increase in full-year revenues to $6.23 billion. The company also reported significant year-over-year growth in adjusted diluted earnings per share, up 19% in Q4. Fortive’s cash flow performance was notable, with operating cash flow at $502 million and free cash flow at $465 million for the fourth quarter.
Looking forward, Fortive has introduced its 2025 outlook, anticipating continued growth in revenues and earnings. The company is also progressing with the planned separation of its Precision Technologies segment, expected to complete in early Q3 2025, creating two independent publicly traded companies.
Fortive’s management remains optimistic about the future, citing a strong track record of performance and strategic positioning for growth. The company’s commitment to innovation and operational excellence through the Fortive Business System is expected to drive sustained value creation for stakeholders in 2025 and beyond.
