Overview

• Fortive Q3 revenue rises 2.3% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 beats analyst estimates, rising 15.3% yr/yr

• Company executed $1 bln in share repurchases, representing ~6% of shares outstanding

Outlook

• Fortive raises full-year 2025 adjusted EPS guidance to $2.63-$2.67

• Company cites strong Q3 performance for guidance increase

• Fortive confident in financial framework, aims for shareholder value

Result Drivers

• FORTIVE ACCELERATED STRATEGY - Co attributes strong Q3 results to execution of its Fortive Accelerated strategy, focusing on profitable growth and disciplined capital allocation

• SHARE REPURCHASES - Co executed $1 bln in share repurchases, representing ~6% of diluted shares outstanding, as part of capital allocation strategy

• CORE REVENUE GROWTH - Co reports core revenue growth of 1.9% yr/yr, driven by performance in Intelligent Operating Solutions and Advanced Healthcare Solutions segments

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Fortive Corp is $55.50, about 11.4% above its October 28 closing price of $49.16

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nBw3YZWhqa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)