NYSE$FTV

Fortive Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Fortive reported strong Q4 2024 results, with revenue increasing 2% year-over-year to $1.62 billion. Adjusted EPS grew 19% to $1.17, and free cash flow reached $465 million, up 13%. The company highlighted robust performance in its Intelligent Operating Solutions and Advanced Healthcare Solutions segments, while Precision Technologies showed sequential improvement.

Headline financials

Total Revenue

$1.62B

Previous: $1.58B+2.3%
EPS (adj)

$1.17

Previous: $0.98+19.4%
Capital Expenditures

-$37M

Previous: -$34.1M-8.5%
Net Income

$209M

Previous: $265M-21.3%
Operating Income

$307M

Previous: $311M-1.2%
Gross Profit

$977M

Previous: $311M+213.9%
R&D Expense

$107M

Previous: $99.2M+8.0%

Revenue & EPS history

Fortive · Revenue · Quarterly

$1.62B

Q4 2024+2.3%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Fortive expects continued core sales growth and strong operating performance in 2025, supported by innovation and segment momentum.

Tailwinds

  • Revenue expected to grow to $6.23B - $6.35B in FY25
  • Adjusted EPS projected at $4.00 - $4.12, a 3-6% increase
  • Strong order growth in all segments
  • Separation of Precision Technologies progressing well
  • Continued investment in innovation and efficiency improvements

Headwinds

  • Macroeconomic uncertainty may impact growth
  • Separation costs could affect near-term profitability
  • Potential supply chain constraints in certain markets
  • Operating margin slightly declined from prior year
  • Currency fluctuations may impact international revenue

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 2024

Historical avgQ4 2024

-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

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