Fortive Q2 2020 Earnings Report
Key Takeaways
Fortive reported a decrease in revenue by 15.7% year-over-year to $1.6 billion, with a core revenue decline of 16.8%. Net earnings from continuing operations attributable to common stockholders were $113.1 million, with adjusted net earnings at $241.9 million. Diluted net earnings per share were $0.33, and adjusted diluted net earnings per share were $0.68.
Second quarter results demonstrated a more resilient portfolio.
Essential production facilities were operated, and supply chains were proactively managed.
New protocols were adopted to protect the health and safety of employees.
Investments in innovation and team development are ongoing to lay the groundwork for portfolio transformation.
Fortive
Fortive
Fortive Revenue by Segment
Forward Guidance
Total revenue in the third quarter is anticipated to decline by 5% to 8% on a year-over-year basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income