Fortive Q1 2020 Earnings Report
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The company is re-evaluating the timing and structure of the Vontier separation and has withdrawn Vontier’s S-1.
Fortive
Fortive
Fortive Revenue by Segment
Forward Guidance
Fortive is withdrawing its previously issued guidance for 2020 due to the high level of uncertainty in the current environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income