NYSE$FTV

Fortive Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Fortive's Q4 2019 earnings were reported, showcasing revenue growth and strong free cash flow.

Fortive reported a 13.9% increase in revenue to $2.0 billion, with a core revenue growth of 0.4%. The company's adjusted EPS was $1.03, and it generated over $450 million in free cash flow, a 17% year-over-year increase.

  • Revenue increased by 13.9% year-over-year to $2.0 billion.
  • Core revenue growth was 0.4%.
  • Adjusted diluted net earnings per share from continuing operations were $1.03.
  • Free cash flow generation was over $450M, a 17% year-over-year increase.

Headline financials

Total Revenue

$2B

Previous: $1.76B+13.9%
EPS (adj)

$1.03

Previous: $0.91+13.2%
Core revenue growth

0.4%

No prior period
Capital Expenditures

$32.9M

Previous: $18.6M+76.9%
Free Cash Flow

$450M

Previous: $426M+5.6%
Net Income

$179M

Previous: $2.11B-91.5%
Operating Income

$295M

Previous: $295M+0.2%
Gross Profit

$1.04B

Previous: $898M+15.3%
Cash & Equivalents

$1.21B

Previous: $1.18B+2.3%
Total Assets

$17.4B

Previous: $12.9B+35.1%
Stock-Based Comp

$15.9M

Previous: $10.3M+54.4%

Revenue & EPS history

Fortive · Revenue · Quarterly

$2B

Q4 2019+13.9%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Fortive · $964M total across 2 segments · Q3 2023

  • Intelligent Ops
    $644M+5.0%
  • Healthcare Solutions
    $320M+0.3%

Forward guidance

For the first quarter of 2020, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $0.24 to $0.28. Fortive anticipates adjusted diluted net earnings per share from continuing operations to be in the range of $0.70 to $0.74. For the full year 2020, Fortive expects diluted net earnings per share from continuing operations to be in the range of $2.16 to $2.26. For the full year 2020, Fortive expects adjusted diluted net earnings per share from continuing operations to be in the range of $3.68 to $3.78.

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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