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
Fortive Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income