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Jul 02, 2021
Fortive Q2 2021 Earnings Report
Reported strong revenue growth and increased full year guidance.
Key Takeaways
Fortive reported strong second quarter results with a 26.7% increase in total revenue and a 21.3% increase in core revenue. Adjusted earnings per share increased by 53% year-over-year. The company also raised its full year revenue, operating profit margin and EPS guidance.
Total revenue increased by 26.7%, with core revenue up 21.3%.
Fluke and Tektronix led broad-based strengthening across the portfolio.
Software businesses delivered low double digit SaaS growth.
Revenue outperformance and strong core OMX drove excellent free cash flow.
Revenue by Segment
Forward Guidance
For the third quarter of 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $0.41 to $0.45 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.62 to $0.66. For the full year 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $1.70 to $1.80 and adjusted diluted net earnings per share from continuing operations to be in the range of $2.65 to $2.75.
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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