Fortive Q3 2022 Earnings Report
Key Takeaways
Fortive Corporation announced strong third quarter 2022 financial results, with a 12% increase in revenue and 20% adjusted earnings per share growth. The company is narrowing and raising its full-year 2022 outlook.
Q3 total and core revenue growth of 12%, reflects high-quality portfolio and strength of execution
Delivered 26% GAAP, 20% adjusted earnings per share growth
Strong free cash flow in Q3, demonstrating robust compounding model
Narrows and raises full-year 2022 GAAP EPS range to $2.05-$2.07, Up 24-25%; Adjusted EPS now $3.10-$3.13, Up 13-14%
Fortive
Fortive
Forward Guidance
For the fourth quarter of 2022, Fortive anticipates revenue of $1.48 billion to $1.50 billion, diluted net earnings per share from continuing operations to be in the range of $0.59 to $0.61 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.82 to $0.85.