Fortive(FTV)
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Why Is Fortive (FTV) Up 11.2% Since Last Earnings Report?
ZACKS· 2024-11-30 01:37
It has been about a month since the last earnings report for Fortive (FTV) . Shares have added about 11.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Fortive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Fortive Q3 Earnings Beat EstimatesFortive reported thir ...
Fortive Q3 Earnings Beat Estimates, Revenues Up Y/Y, Outlook Raised
ZACKS· 2024-10-31 22:45
Fortive Corporation (FTV) reported third-quarter 2024 adjusted earnings per share (EPS) of 97 cents, which topped the Zacks Consensus Estimate by 4.3%. The bottom line increased 14.12% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings CalendarRevenues rose 2.7% year over year to $1.54 billion. However, the top line missed the Zacks Consensus Estimate by 0.8%. Core revenues rose 1% year over year.The year-over-year improvement in the top line was driven by continued momentum in I ...
Fortive(FTV) - 2024 Q3 - Earnings Call Transcript
2024-10-31 06:59
财务数据和关键指标变化 - 第三季度调整后每股收益(EPS)增长14%,自由现金流增长12%,收入增长3% [6][10] - 年初至今调整后每股收益增长11%,自由现金流增长13% [10] 各条业务线数据和关键指标变化 - 智能运营解决方案(IOS)和先进医疗解决方案(AHS)合并收入增长4%,调整后营业利润率上升130个基点至30% [14] - IOS收入增长3%,核心收入增长约2%,调整后营业利润率上升50个基点 [15] - AHS收入增长8%,核心收入增长9%,调整后营业利润率上升300个基点 [18][21] - 精密技术(PT)收入持平,核心收入下降近4%,调整后营业利润率上升70个基点至26.4% [22] 各个市场数据和关键指标变化 - 北美市场表现强劲,收入增长主要来自于软件、服务和消耗品业务 [30] - 欧洲市场出现顺序改善,部分受益于工业比较基数较低和新产品销售增长 [30] - 亚洲市场受中国需求疲软影响,整体收入下降高个位数 [29][100] 公司战略和发展方向和行业竞争 - 公司计划加速战略,确保持续价值创造,并推进精密技术部门的分拆 [9][40] - 公司致力于通过创新和新产品推出来提升市场份额,特别是在太阳能和能源存储工具领域 [16][19] 管理层对经营环境和未来前景的评论 - 管理层对2025年的前景持乐观态度,预计将继续看到核心增长和强劲的运营执行 [36][37] - 管理层提到,尽管面临地缘政治和宏观不确定性,仍然对市场的稳定趋势感到鼓舞 [36] 其他重要信息 - 公司在第三季度回购约400万股股票,年初至今回购总数约600万股 [13] - 公司预计2024年将继续保持3%的收入增长,核心增长约1% [32] 问答环节所有提问和回答 问题: 关于第四季度的各业务线增长预期 - AHS预计增长中到高个位数,PT预计下降低个位数,IOS预计增长低个位数 [42][43] 问题: 关于AHS的直接销售渠道策略 - AHS的直接销售渠道策略正在取得成效,客户关系的亲密度提升,资本销售也有所增长 [45][46] 问题: 关于IOS的近期动态 - IOS在第三季度出现放缓,预计第四季度将保持低个位数增长,Fluke和FAW的有机增长率有所不同 [52][53] 问题: 关于Provation的SaaS增长 - Provation的SaaS增长强劲,预计在第四季度将加速至高个位数增长 [142]
Fortive(FTV) - 2024 Q3 - Earnings Call Presentation
2024-10-31 04:39
业绩总结 - 2024年第三季度收入为15.4亿美元,同比增长3%[4] - 调整后每股收益(Adj. EPS)为0.97美元,同比增长14%[4] - 自由现金流(FCF)为4.31亿美元,同比增长12%[4] - 年初至今(YTD)收入为46.1亿美元,同比增长3%[4] - 2024年第三季度的GAAP营业利润为2.955亿美元,较2023年同期增长4.5%[15] - 调整后的净收益为341.6百万美元,较2023年同期增长[18] 用户数据 - 2024年第三季度的订单增长在所有细分市场均为正增长[3] - 精密技术部门的收入为6.612亿美元,同比增长2.5%[15] - 智能操作解决方案部门的调整后营业利润为2.147亿美元,同比增长47.8%[15] 财务指标 - 调整后毛利率为60%,同比扩大30个基点[4] - 2024年第三季度的自由现金流率为28%[4] - 调整后的营业利润率为32.5%,较2023年同期上升1.9个百分点[15] - 2024年第三季度的自由现金流利润率为28.1%,较2023年同期有所提升[21] - 2024年第三季度的有效税率为4.6%,较2023年同期显著下降[23] 未来展望 - 预计2024年核心增长为中等到高位增长(MSD)[6] - 预计2024年第四季度的调整后稀释每股收益在0.72美元至0.75美元之间[20] - 预计2024年全年调整后稀释每股收益在2.47美元至2.50美元之间[20] - 预计2024年全年调整后的有效税率为11.5%至16.0%[23] 其他信息 - 回购股份数量在Q3加速至约400万股[4] - 调整后的营业利润率预计为32.4%[17] - 2024年第三季度的增量调整后营业利润率为62.8%[15] - 2024年第三季度的运营现金流为459.0百万美元,较2023年同期增长11.6%[21] - 自由现金流为431.2百万美元,较2023年同期增长12.4%[21]
Compared to Estimates, Fortive (FTV) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-30 22:36
For the quarter ended September 2024, Fortive (FTV) reported revenue of $1.53 billion, up 2.7% over the same period last year. EPS came in at $0.97, compared to $0.85 in the year-ago quarter. The reported revenue represents a surprise of -0.84% over the Zacks Consensus Estimate of $1.55 billion. With the consensus EPS estimate being $0.93, the EPS surprise was +4.30%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...
Fortive (FTV) Surpasses Q3 Earnings Estimates
ZACKS· 2024-10-30 21:46
Fortive (FTV) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.30%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.92 per share when it actually produced earnings of $0.93, delivering a surprise of 1.09%.Over the last four quarters, the com ...
Fortive(FTV) - 2024 Q3 - Quarterly Results
2024-10-30 19:33
财务状况 - 公司总资产为 XXX 亿元 [1] - 公司总负债为 XXX 亿元 [1] - 公司净资产为 XXX 亿元 [1] - 公司资产负债率为 XX% [1] 营业收入 - 公司本期营业收入为 XXX 亿元 [2] - 公司营业收入同比增长 XX% [2] - 公司主营业务收入占营业收入的 XX% [2] 盈利能力 - 公司本期净利润为 XXX 亿元 [3] - 公司净利润同比增长 XX% [3] - 公司毛利率为 XX% [3] - 公司净利率为 XX% [3] 现金流 - 公司经营活动产生的现金流量净额为 XXX 亿元 [4] - 公司投资活动产生的现金流量净额为 XXX 亿元 [4] - 公司筹资活动产生的现金流量净额为 XXX 亿元 [4] - 公司现金及现金等价物净增加额为 XXX 亿元 [4]
Unlocking Q3 Potential of Fortive (FTV): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2024-10-28 22:21
In its upcoming report, Fortive (FTV) is predicted by Wall Street analysts to post quarterly earnings of $0.93 per share, reflecting an increase of 9.4% compared to the same period last year. Revenues are forecasted to be $1.55 billion, representing a year-over-year increase of 3.6%. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Pri ...
Fortive Gears Up to Report Q3 Earnings: What's in the Offing?
ZACKS· 2024-10-28 21:46
文章核心观点 - 福蒂夫公司(FTV)预计第三季度收入将在15.35-15.60亿美元之间,同比增长3.5% [2] - 非GAAP每股收益预计在0.92-0.95美元之间,同比增长9.4% [2] - 公司过去4个季度平均业绩超预期2.6% [3] - 公司计划在2025年第四季度完成精密技术业务的分拆上市,形成两家独立的上市公司 [7] 行业和公司分析 收入增长 - 收入增长主要得益于智能运营解决方案和医疗保健业务的强劲需求,而精密技术业务的核心收入增长则相对平缓 [3] - 战略性收购带来的协同效应有助于公司收入增长 [4] 业务表现 - 智能运营解决方案和先进医疗保健解决方案业务保持良好势头,受益于稳定的经常性收入和新产品的推出 [5] - 福禄克业务收入强劲,得益于创新产品的推出和良好的市场接受度 [5] - 但精密技术业务受到军工和政府R&D支出延迟、中国市场复苏缓慢以及传感技术业务疲软的拖累 [6] 其他因素 - 汇率波动、宏观经济疲软和高债务负担是公司面临的其他挑战 [6] - 分拆后,新公司将专注于测试测量、特种传感器和航空航天国防子系统等核心技术,有望通过改善利润率和现金流表现来支持有机增长、回报股东和并购机会 [7][8]
Will Fortive (FTV) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-18 01:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Fortive (FTV) , which belongs to the Zacks Electronics - Testing Equipment industry. When looking at the last two reports, this industrial conglomerate has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.08%, on average, in the last two quarters. For the most recent quarter, Fortive was expected to post earning ...