Fortive Q1 2020 Earnings Report

Fortive reported a decline in core revenue despite an increase in total revenue, but strong operating margin expansion enabled adjusted earnings per share to be at the high-end of guidance.

Key Takeaways

Fortive's first quarter results showed a 7.6% increase in revenue to $1.7 billion, but core revenue declined by 3.8%. Adjusted earnings per share were $0.74, at the high end of guidance, supported by strong core operating margin expansion. The company is withdrawing its previously issued guidance for 2020 due to global economic uncertainty.

Total revenue increased by 7.6% year-over-year to $1.7 billion.

Core revenue declined by 3.8%.

Adjusted diluted net earnings per share from continuing operations were $0.74.

The company is re-evaluating the timing and structure of the Vontier separation and has withdrawn Vontier’s S-1.

Total Revenue

$1.71B

Previous year: $1.59B