Fortive Q4 2020 Earnings Report
Key Takeaways
Fortive Corporation reported a 4.9% increase in revenues to $1.3 billion, with core revenue growth of 0.7%. Diluted net earnings per share were $3.47, and adjusted diluted net earnings per share were $0.70. Free cash flow increased by 39% year-over-year.
Total revenue growth of 4.9% driven by sequential improvement.
Positive core revenue growth of 0.7% achieved.
Strong SaaS revenue growth supported top-line performance.
Free cash flow increased 39% year-over-year to $313 million.
Fortive
Fortive
Forward Guidance
For the first quarter of 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $0.18 to $0.22 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.56 to $0.60. For the full year 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $1.37 to $1.52 and adjusted diluted net earnings per share from continuing operations to be in the range of $2.40 to $2.55.