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Jul 01, 2022
Fortive Q2 2022 Earnings Report
Announced strong financial results for the second quarter, driven by robust execution and demand for workflow solutions.
Key Takeaways
Fortive Corporation reported strong second-quarter results, exceeding expectations with 11% revenue growth and a 9% core revenue increase. The company's adjusted earnings per share rose by 18%, driven by margin expansion and cash flow generation. Fortive narrowed its full-year revenue growth outlook to 10-11% and raised its core growth outlook to 8-9.5%.
Delivered outstanding financial performance despite continued COVID, supply chain and foreign exchange headwinds
Q2 revenue growth of 11%, up 9% core, ahead of expectations, reflects effective mitigation of expected Shanghai lockdown impact
Continued demand for workflow solutions yields high single-digit hardware orders and software annual recurring revenue growth in Q2
Flat Q2 GAAP diluted net earnings per share, up 18% adjusted diluted earnings per share
Revenue by Segment
Forward Guidance
For the third quarter of 2022, Fortive anticipates revenue of $1.43 billion to $1.46 billion, diluted net earnings per share from continuing operations to be in the range of $0.49 to $0.53 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.74 to $0.77. For the full year 2022, Fortive narrows its revenue outlook to $5.78 billion to $5.83 billion, raising core growth at the midpoint, with anticipated full year diluted net earnings per share from continuing operations to be in the range of $2.03 to $2.09 and adjusted diluted net earnings per share from continuing operations to be in the range of $3.07 to $3.13, tightening the ranges previously provided on its first quarter earnings call.
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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