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Fortive Corporation (FTV) Q1 2024 Earnings Call Transcript

Industrial products maker Fortive raised its annual profit forecast on Wednesday as benefiting from companies increasing their spending on automation amid a tight labor market.

EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced financial results for the first quarter of 2024. For the first quarter, net earnings were $207 million. For the same period, adjusted net earnings were $295 million, which excludes the $63 million gain on sale of property in our Precision Technologies Segment. Diluted net earnings per share for the firs...

EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) 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 June 28, 2024 to common stockholders of record on May 31, 2024. Although Fortive expects to pay dividends on a quarterly basis, any subsequent declaration ...

EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that it will webcast its earnings conference call for the first quarter 2024 on Wednesday, April 24, 2024 beginning at 12:00 p.m. ET and lasting approximately 1 hour. The call and an accompanying slide presentation will be webcast on the "Investors" section of Fortive's website, www.fortive.com, under "...

EVERETT, Wash.--(BUSINESS WIRE)--Fluke Corp, a wholly owned subsidiary of Fortive Corporation [NYSE: FTV] and a global leader in test and measurement instruments, today announced the launch of the PVA-1500 Series I-V curve tracer, designed to empower utility-scale solar technicians with speed, accuracy, and streamlined testing operations for effective service and maintenance. This innovative to...

EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) today announced that Charles E. McLaughlin, Chief Financial Officer, will be presenting at the Bank of America Global Industrials Conference on Tuesday, March 19th, 2024 at 2:50 p.m. GMT (10:50 a.m. EDT). The audio will be simultaneously webcast and will be archived on www.fortive.com. ABOUT FORTIVE Fortive is a provid...

EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) today announced that James A. Lico, Fortive President and Chief Executive Officer, and Olumide Soroye, President and Chief Executive Officer of Intelligent Operating Solutions (IOS), will be presenting at the J.P. Morgan Industrials Conference on Wednesday, March 13th, 2024 at 4:30 p.m. ET. The audio will be simultaneo...