Fortive Q4 2021 Earnings Report
Key Takeaways
Fortive reported a 3.8% increase in revenue to $1.37 billion for Q4 2021, with a core revenue growth of 1.0%. GAAP EPS was $0.46, and adjusted EPS was $0.79, up 13%. The company anticipates 2022 GAAP EPS of $2.03-2.17 and adjusted EPS of $3.00-3.13.
Delivered significant core revenue growth, margin expansion, earnings and cash flow growth in 2021
Sequential revenue growth and robust margin expansion across portfolio in Q4
Strong demand for software-enabled workflow solutions yields double-digit software growth
Q4 revenue growth of 4%, up 1% core, reflects continued supply chain constraints and COVID challenges
Fortive
Fortive
Forward Guidance
For the first quarter of 2022, Fortive anticipates revenue of $1.33 billion to $1.37 billion, diluted net earnings per share from continuing operations to be in the range of $0.40 to $0.44 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.65 to $0.69. For the full year 2022, Fortive anticipates revenue of $5.73 billion to $5.88 billion, diluted net earnings per share from continuing operations to be in the range of $2.03 to $2.17 and adjusted diluted net earnings per share from continuing operations to be in the range of $3.00 to $3.13.