Fortive Corporation reported a strong financial performance in 2024, marked by record margins, robust free cash flow, and significant innovation-driven growth across various segments. However, the company faces challenges, including headwinds in China, a decline in core revenues for Precision Technologies, and the impact of FX and tax rates. Despite these challenges, the overall sentiment remains positive due to strong financial metrics and positive future outlook in key segments.

Company Guidance

During Fortive Corporation's fourth quarter 2024 earnings call, the company provided guidance reflecting its strong operating performance and strategic initiatives. Fortive reported record margins, with gross margins at 60% and adjusted operating margins nearing 27%. The company achieved a 13% increase in both adjusted earnings and free cash flow, contributing to a robust multi-year track record. For 2025, Fortive anticipates core sales growth driven by durable revenue in industrial operating solutions and advanced healthcare, despite stabilizing trends in precision technologies. The guidance included expectations of 1.5% to 3.5% core revenue growth, with FX headwinds impacting total growth by approximately 150 basis points. Adjusted operating profit is projected to grow by 2% to 5%, and adjusted EPS is forecasted between $4.00 and $4.12, up 3% to 6%. The company plans to generate approximately $1.5 billion in adjusted free cash flow, excluding separation-related costs. Fortive also discussed the anticipated separation of Precision Technologies into a new company, Ralliant, expected to close early in the third quarter of 2025.

Record Margins and Financial Performance

Fortive achieved record gross margins of 60% and adjusted operating margins nearing 27%. Adjusted earnings and free cash flow compounded by 13%, contributing to a strong multi-year track record.

Innovation Driving Growth

Fluke launched 20 new products in the last two years, contributing 200 basis points to growth in 2024. ASP launched a record of six new products in 2024, anticipated to contribute over $10 million in 2025.

Strong Free Cash Flow and Share Repurchase

Record Q4 free cash flow of $465 million, up 13% year-over-year. Utilized record free cash flow to repurchase shares, representing 80% of free cash flow.

Positive Order Growth in Precision Technologies

Orders were up high single-digit for the second consecutive quarter, indicating strong future demand.

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Fortive (FTV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FTV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2025	2025 (Q1)	0.86 / -	0.83	―	―	―
Feb 07, 2025	2024 (Q4)	1.12 / 1.17	0.98	19.39% (+0.19)
Oct 30, 2024	2024 (Q3)	0.93 / 0.97	0.85	14.12% (+0.12)
Jul 24, 2024	2024 (Q2)	0.92 / 0.93	0.85	9.41% (+0.08)
Apr 24, 2024	2024 (Q1)	0.80 / 0.83	0.75	10.67% (+0.08)
Jan 31, 2024	2023 (Q4)	0.94 / 0.98	0.88	11.36% (+0.10)
Oct 25, 2023	2023 (Q3)	0.85 / 0.85	0.79	7.59% (+0.06)
Jul 26, 2023	2023 (Q2)	0.81 / 0.85	0.78	8.97% (+0.07)
Apr 26, 2023	2023 (Q1)	0.73 / 0.75	0.7	7.14% (+0.05)
Feb 01, 2023	2022 (Q4)	0.84 / 0.88	0.79	11.39% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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FTV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 07, 2025	$79.84	$79.09	-0.94%
Oct 30, 2024	$74.52	$72.02	-3.35%
Jul 24, 2024	$76.52	$70.25	-8.19%
Apr 24, 2024	$80.44	$75.81	-5.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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