Loading...
•
Sep 27, 2024
Fortive Q3 2024 Earnings Report
Fortive demonstrated strong financial performance in Q3 2024, exceeding guidance and raising the full-year outlook.
Key Takeaways
Fortive reported a 3% year-over-year revenue increase to $1.54 billion, with a 1% core revenue growth. The company's adjusted EPS rose by 14% year-over-year to $0.97. Fortive is also raising its full-year 2024 outlook.
Strong earnings and cash flow performance, above the high-end of Q3 guidance.
Consistent revenue growth of 3% year-over-year to $1.54 billion.
Adjusted operating profit margin increased by 90 bps year-over-year to 27%.
Free cash flow increased 12% year-over-year to $431 million.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2024, Fortive anticipates revenue of $1.63 billion to $1.65 billion, diluted net earnings per share of $0.72 to $0.75 and adjusted diluted net earnings per share of $1.11 to $1.14. For the full year 2024, Fortive anticipates revenue of approximately $6.24 billion to $6.26 billion, diluted net earnings per share of $2.47 to $2.50, and adjusted diluted net earnings per share of $3.84 to $3.87.
Positive Outlook
- Revenue of $1.63B to $1.65B is expected for Q4 2024.
- Diluted EPS of $0.72 to $0.75 is expected for Q4 2024.
- Adjusted diluted EPS of $1.11 to $1.14 is expected for Q4 2024.
- Revenue of approximately $6.24B to $6.26B is expected for the full year 2024.
- Adjusted diluted EPS of $3.84 to $3.87 is expected for the full year 2024.
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
Loading earnings performance data...
Loading earnings reaction data...