Fortive's Fiscal Q3 Adjusted Earnings, Sales Rise; 2024 Guidance Revised

MT Newswires Live

Oct 30, 2024

Fortive (FTV) reported fiscal Q3 adjusted earnings Wednesday of $0.97 per diluted share, up from $0.85 a year earlier.

Analysts polled by Capital IQ expected $0.93.

Sales for the quarter ended Sept. 27 were $1.53 billion, compared with $1.49 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.55 billion.

The company said it expects fiscal Q4 adjusted earnings per share of $1.11 to $1.14 on revenue ranging between $1.63 billion and $1.65 billion.

Analysts surveyed by Capital IQ expect normalized EPS of $1.13 on $1.65 billion in revenue.

Fortive also said it now expects fiscal 2024 adjusted EPS of $3.84 to $3.87 on revenue ranging between $6.24 billion and $6.26 billion, compared with $3.80 to $3.86 in non-GAAP EPS on revenue of $6.25 billion to $6.30 billion anticipated previously.

Analysts surveyed by Capital IQ expect normalized EPS of $3.82 on $6.29 billion in revenue.

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