Overview

* Fortive ( FTV ) 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 ( FTV ) raises full-year 2025 adjusted EPS guidance to $2.63-$2.67

* Company cites strong Q3 performance for guidance increase

* Fortive ( FTV ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.03 $1.01

Revenue bln bln (13

Analysts

)

Q3 Beat $0.68 $0.57

Adjusted (13

EPS Analysts

)

Q3 EPS $0.35

Q3 Net $117 mln

Income

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 ( FTV ) 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:

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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.)