Fortive Corporation ( FTV ) shares are trading higher after the company reported third-quarter FY25 results.

FTV is charging ahead with explosive momentum. See the full breakdown here

Revenue grew 2.3% year-over-year (Y/Y) to $1.03 billion, beating the consensus of $1.01 billion.

Adjusted EPS of 68 cents, beating the consensus of 57 cents.

Segment Performance

Intelligent Operating Solutions $699 million (+2.6% Y/Y) and Advanced Healthcare Solutions $328 million (+1.9% Y/Y).

The company's adjusted operating margin increased 100 basis points year-over-year to 28.7% in the quarter.

Olumide Soroye, President and CEO, said, "We are executing our Fortive Accelerated strategy with urgency – through profitable growth acceleration powered by FBS Amplified, disciplined capital allocation, and a commitment to building investor trust."

The third quarter adjusted EBITDA was $309 million, 30.1% margin, up 10.4% year-over-year.

In the third quarter, Fortive ( FTV ) generated GAAP operating cash flow of $295 million and Free Cash Flow of $266 million.

Precision Technologies segment Spin-Off

On June 28, the company completed the separation of its Precision Technologies segment by distributing all outstanding shares of Ralliant Corporation.

Outlook

For fiscal year 2025, Fortive ( FTV ) raised its adjusted EPS outlook to $2.63-$2.67 (from $2.50-$2.60 previously) versus the consensus of $2.52.

FTV Price Action: Fortive ( FTV ) shares were up 4.30% at $51.27 at the time of publication on Wednesday, according to Benzinga Pro data.

Read Next:

Dan Loeb's Third Point Bets Big On AI, Tech With $442 Million Nvidia Stake—Exits Energy, Steel In Q2 Portfolio Overhaul