Fortive reports Q3 adjusted EPS 68c, consensus 57c

Reports Q3 revenue $1.03B, consensus $1.01B. “Fortive (FTV) delivered solid results in our first quarter as a simpler, more focused company,” said Olumide Soroye, president and CEO. “Our team delivered results ahead of our expectations across all key financial metrics, including core revenue growth, adjusted EBITDA growth, and adjusted EPS growth, reflecting the strength of our operating brands and the power of the Fortive Business System. In line with our disciplined capital allocation approach and our commitment to maximize shareholder returns, we executed $1 billion of share repurchases in the quarter.”