NYSE$FTV
Fortive Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported strong first quarter results and raised full year outlook.
Fortive Corporation announced strong first quarter 2022 results, with revenue growth of 9% and core revenue growth of 5%. The company's performance exceeded expectations despite COVID and supply chain challenges. Demand for software-enabled workflow solutions yielded mid-teens software growth. Fortive is raising the low end of its full-year 2022 outlook.
- Q1 revenue growth of 9%, 5% core, reflecting continued strong customer demand
- Performance exceeded expectations despite continued COVID and supply chain challenges
- Demand for software-enabled workflow solutions yielded mid-teens software growth
- Raises low end of 2022 outlook: GAAP EPS of $2.07-$2.16, Up 25%-31%, and Adjusted EPS of $3.04-$3.13, Up 11-14%
Headline financials
Revenue & EPS history
Fortive · Revenue · Quarterly
$1.38B
Revenue by segment
Fortive · $914M total across 2 segments · Q1 2022
- Intelligent Ops$588M+15.0%64.3%
- Healthcare Solutions$327M+8.5%35.7%
Forward guidance
For the second quarter of 2022, Fortive anticipates revenue of $1.39 billion to $1.43 billion, diluted net earnings per share from continuing operations to be in the range of $0.44 to $0.47 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.70 to $0.73. For the full year 2022, Fortive now anticipates revenue of $5.77 billion to $5.88 billion, diluted net earnings per share from continuing operations to be in the range of $2.07 to $2.16 and adjusted diluted net earnings per share from continuing operations to be in the range of $3.04 to $3.13.
Tailwinds
- Revenue of $1.39 billion to $1.43 billion for Q2 2022
- Q2 2022 diluted net earnings per share from continuing operations to be in the range of $0.44 to $0.47
- Q2 2022 adjusted diluted net earnings per share from continuing operations to be in the range of $0.70 to $0.73
- Full year 2022 revenue of $5.77 billion to $5.88 billion
- Full year 2022 diluted net earnings per share from continuing operations to be in the range of $2.07 to $2.16
Headwinds
- $40 million of impact to core revenue from Covid-related shutdowns in Shanghai for Q2 2022
- Supply chain constraints
- Covid-related lockdowns
- Uncertainty in economic conditions
- Contractions or lower growth rates and cyclicality of markets
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.0%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.0%
Avg return
30 days after
53%
23 / 43 earnings
Positive
+10.1%
Q4 2023
Best reaction
-10.1%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -1.7% | -5.7% | |
| Q4 2025 | +9.3% | +11.7% | +5.6% | |
| Q3 2025 | +2.4% | +1.9% | +8.8% | |
| Q1 2025 | -4.2% | -3.5% | +0.7% | |
| Q4 2024 | -0.9% | +0.4% | -4.1% | |
| Q3 2024 | -4.2% | -4.6% | +6.3% | |
| Q2 2024 | -8.7% | -7.0% | -4.3% | |
| Q1 2024 | -5.6% | -4.6% | -6.0% | |
| Q4 2023 | +10.1% | +10.1% | +14.6% | |
| Q3 2023 | -7.3% | -7.4% | -3.8% | |
| Q2 2023 | +3.0% | +5.6% | +3.9% | |
| Q1 2023 | -2.6% | -2.2% | +3.8% | |
| Q4 2022 | -0.3% | +1.3% | +0.2% | |
| Q3 2022 | -2.1% | -0.0% | +6.5% | |
| Q2 2022 | +8.3% | +7.8% | +8.8% | |
| Q1 2022 | -0.4% | +3.2% | +7.4% | |
| Q4 2021 | -10.1% | -8.4% | -15.4% | |
| Q3 2021 | +2.2% | +3.9% | +2.2% | |
| Q2 2021 | +5.5% | +8.3% | +7.6% | |
| Q1 2021 | -4.6% | -3.2% | -2.3% | |
| Q4 2020 | +4.0% | +3.0% | +1.3% | |
| Q3 2020 | -4.2% | -4.5% | +11.4% | |
| Q2 2020 | +2.4% | -2.4% | -1.5% | |
| Q1 2020 | -7.3% | -11.0% | -7.0% | |
| Q4 2019 | +1.9% | +2.4% | -13.9% | |
| Q3 2019 | -5.5% | -5.3% | -2.3% | |
| Q2 2019 | -4.6% | -6.6% | -16.9% | |
| Q1 2019 | -4.3% | -3.1% | -12.4% | |
| Q4 2018 | +2.5% | +5.2% | +7.3% | |
| Q3 2018 | -1.4% | -3.2% | -1.7% | |
| Q2 2018 | +1.0% | +3.9% | +1.4% | |
| Q1 2018 | -1.2% | -0.2% | +4.6% | |
| Q4 2017 | +1.1% | +3.4% | +12.0% | |
| Q3 2017 | +2.3% | -0.3% | -0.5% | |
| Q2 2017 | +3.7% | +4.9% | +4.0% | |
| Q1 2016 | +1.6% | -0.1% | +2.0% | |
| Q1 2017 | +1.6% | -0.1% | +2.0% | |
| Q4 2014 | +2.2% | +1.9% | +3.4% | |
| Q4 2016 | +0.7% | +2.4% | +4.0% | |
| Q3 2015 | +5.1% | +5.7% | +17.2% | |
| Q3 2016 | +5.1% | +5.7% | +17.2% | |
| Q2 2016 | +3.1% | +5.8% | +10.1% | |
| Q4 2015 | +3.1% | +5.8% | +10.1% | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro