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Sep 25, 2020
Fortive Q3 2020 Earnings Report
Reported solid Q3 2020 results, exceeding initial revenue guidance and demonstrating year-over-year growth in operating profit and adjusted diluted net earnings per share.
Key Takeaways
Fortive Corporation reported a 2.3% increase in revenue to $1.9 billion, with net earnings of $208.5 million, and adjusted diluted net earnings per share of $0.94. The company highlighted strong execution and free cash flow generation, while core revenue declined slightly by 0.1%.
Revenue well ahead of initial guidance.
Return to year-over-year growth in operating profit.
Adjusted diluted net earnings per share increased by 8% year-over-year.
Leveraged Fortive Business System to generate strong core operating margin expansion and free cash flow.
Fortive
Fortive
Forward Guidance
Fortive anticipates total revenue from continuing operations in the fourth quarter will increase by 0% to 3% on a year-over-year basis.