Fortive Corporation (NYSE:FTV) shares are trading lower after the company reported fourth-quarter results.
Revenue grew 2% year-over-year (Y/Y) to $1.620 billion, missing the consensus of $1.624 billion.
Core Growth Sales by segments: Intelligent Operating Solutions $710.8 million (+4.1% Y/Y), Precision Technologies $567.7 million (-0.4% Y/Y) and Advanced Healthcare Solutions $341.8 million (+3.2% Y/Y).
The company’s adjusted operating margin is up 100 basis points Y/Y to 28.7% in the quarter. Adjusted EPS of $1.17, beating the consensus of $1.12. It also reported an operating cash flow of $502 million and a free cash flow of $465 million in the quarter.
“Continued growth in our Intelligent Operating Solutions (IOS) and Advanced Healthcare Solutions (AHS) segments was driven by steady demand for our safety and productivity solutions and increased contributions from FBS-driven product innovations,” said James A. Lico, president and CEO.
”We saw strong order growth across all of our segments, including the second consecutive quarter of double-digit orders growth for our Precision Technologies (PT) segment. This momentum drove sequential improvement in PT core growth and supports our view of a gradual recovery as we move through 2025.”
Outlook: For FY25, Fortive expects revenue of $6.23 billion – $6.35 billion versus a consensus of $6.488 billion and adjusted EPS of $4.00 – $4.12 versus the consensus of $3.85.
For the first quarter of FY25, Fortive anticipates revenue of $1.48 billion –$1.51 billion (consensus: $1.565 billion) and adjusted EPS of $0.83 – $0.86 (consensus $0.91).
Investors can gain exposure to the stock via Themes Natural Monopoly ETF (NASDAQ:CZAR) and Themes Robotics & Automation ETF (NASDAQ:BOTT).
Price Action: FTV shares are down 3.57% at $76.99 premarket at the last check Friday.
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