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Jun 26, 2020
Fortive Q2 2020 Earnings Report
Second quarter results were reported with revenue and decremental margins exceeding expectations, and strong free cash flow.
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.
Forward Guidance
Total revenue in the third quarter is anticipated to decline by 5% to 8% on a year-over-year basis.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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