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Oct 01, 2021
Fortive Q3 2021 Earnings Report
Reported strong financial performance with revenue increase, margin improvement, and adjusted EPS growth.
Key Takeaways
Fortive Corporation reported a 12.0% increase in total revenue, with core revenue up 9.1%. The company delivered significant margin improvement, strong adjusted operating margin expansion, and robust cash flow growth. Adjusted EPS grew by 32%.
Total revenue increased by 12.0%, with core revenue up 9.1%.
Adjusted EPS grew by 32%.
Software businesses generated mid-teens growth.
Strong broad-based demand and order trends were observed across the portfolio.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $0.45 to $0.50 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.74 to $0.79. For the full year 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $1.62 to $1.67 and adjusted diluted net earnings per share from continuing operations to be in the range of $2.70 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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