Fortive (FTV) Tops Q1 EPS by 3c, Guides Q2 In-Line

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Fortive Reports First Quarter 2018 Results

April 26, 2018 4:17 PM EDT

EVERETT, Wash.--(BUSINESS WIRE)-- Fortive Corporation (Fortive) (NYSE: FTV) today announced results for the first quarter 2018.

For the first quarter ended March 30, 2018, net earnings were $261.2 million. For the same period, adjusted net earnings were $277.5 million. Diluted net earnings per share for the first quarter ended March 30, 2018 were $0.74. For the same period, adjusted diluted net earnings per share were $0.78.

For the first quarter of 2018, revenues increased 13.4% year-over-year to $1.7 billion, with core revenue growth of 2.6%.

James A. Lico, President and Chief Executive Officer, stated, We are very excited with our start to 2018. The... More