Fortive is a diversified industrial technology company that was spun off from Danaher Corporation in 2016. The company has a global presence and operates in two main segments: Professional Instrumentation and Industrial Technologies. Fortive’s portfolio of businesses includes market-leading brands such as Fluke, Tektronix, Gilbarco Veeder-Root, and Matco Tools.
Fortive is committed to sustainability and making a positive impact on the environment. The company’s sustainability strategy focuses on protecting the planet, investing in communities, and operating with integrity. Fortive has set ambitious goals to reduce its greenhouse gas emissions, water consumption, and waste generation, and is working to achieve these goals through a combination of operational improvements, product innovation, and partnerships with suppliers and customers.
Fortive is also committed to creating a diverse and inclusive workplace where all employees feel valued and respected. The company has established employee resource groups to support underrepresented groups and promote diversity and inclusion, and has launched initiatives to increase the representation of women and people of color in leadership positions. With a strong focus on innovation, sustainability, and diversity, Fortive is well-positioned to continue growing and driving impact across mission-critical industries.
Corporate Overview
History
Fortive Corporation is an American industrial technology conglomerate company that was founded in 2016 as a spin-off from Danaher Corporation. The company specializes in providing essential technologies for connected workflow solutions, designing, developing, manufacturing, and distributing professional and engineered products, software and services.
Business Segments
Fortive operates through three strategic segments: Professional Instrumentation, Industrial Technologies, and Advanced Healthcare Solutions. The Professional Instrumentation segment includes a range of products and services for customers in various industries, including instrumentation, sensing, product realization, and automation. The Industrial Technologies segment provides critical technical equipment and services for manufacturing, transportation, and materials industries. The Advanced Healthcare Solutions segment provides innovative solutions for healthcare professionals, including diagnostics, imaging, and treatment technologies.
Leadership Team
Fortive is led by an experienced and diverse leadership team, including James A. Lico as President and CEO, Barbara G. Humpton as Senior Vice President and COO, and Charles E. McLaughlin as Senior Vice President and CFO. The company’s leadership team is committed to building a culture of innovation, excellence, and customer focus.
Global Presence
Fortive operates in more than 50 countries worldwide, with a global workforce of approximately 25,000 employees. The company has a strong presence in North America, Europe, and Asia, and is committed to serving customers around the world with the highest standards of quality, reliability, and service.
Financial Performance
Revenue Trends
Fortive Corporation has consistently shown strong revenue growth over the years. In the first quarter of 2024, the company reported total and core revenue growth of 4% and 3% respectively, which exceeded expectations. This was driven by the company’s strategy to build a more durable growth company, which is working well. The company’s focus on FBS-enabled innovation and execution has resulted in record margin performance.
Stock Information
Fortive Corporation’s stock has been performing well in the market. As of April 30, 2024, the stock was trading at $91.22 per share, which is up from $80.12 per share a year ago. The company’s market capitalization is approximately $28.5 billion. The stock has consistently outperformed the S&P 500 index over the past few years, which is a testament to the company’s strong financial performance.
Investor Relations
Fortive Corporation has a strong investor relations program in place. The company regularly communicates with its investors through earnings calls, investor presentations, and other channels. The company’s investor relations team is focused on providing timely and accurate information to investors. Fortive Corporation also has a dividend program in place, which is a testament to the company’s commitment to returning value to its shareholders.
In summary, Fortive Corporation has consistently shown strong financial performance over the years. The company’s revenue trends have been positive, and its stock has been performing well in the market. The company has a strong investor relations program in place, which is focused on providing timely and accurate information to investors.