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Apr 02, 2021
Fortive Q1 2021 Earnings Report
Reported strong results with revenue and EPS guidance raised for the full year 2021.
Key Takeaways
Fortive reported a strong first quarter in 2021, with total revenue up by 13.6% and core revenue up by 9.1%. The company's performance was driven by SaaS growth and strong operating margin expansion across all segments. As a result, Fortive raised its full-year 2021 revenue and EPS guidance.
Total revenue increased by 13.6%, with core revenue growth of 9.1%.
SaaS growth momentum boosted the performance of software offerings.
Strong core operating margin expansion (OMX) was achieved across all three segments.
Investments in data analytics and early-stage innovation projects were accelerated.
Revenue by Segment
Forward Guidance
For the second quarter of 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $0.32 to $0.36 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.56 to $0.60. For the full year 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $1.50 to $1.60 and adjusted diluted net earnings per share from continuing operations to be in the range of $2.50 to $2.60.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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