Fortive (FTV) Tops Q2 EPS by 2c, Revenues Beat; Offers FY18 EPS Outlook

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Go back to Fortive (FTV) Tops Q2 EPS by 2c, Revenues Beat; Offers FY18 EPS Outlook

Fortive Reports Second Quarter 2018 Results

July 26, 2018 4:17 PM EDT

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

For the second quarter ended June 29, 2018, net earnings were $295.0 million. For the same period, adjusted net earnings were $321.7 million. Diluted net earnings per share for the second quarter ended June 29, 2018 were $0.83. For the same period, adjusted diluted net earnings per share were $0.91.

For the second quarter of 2018, revenues increased 13.9% year-over-year to $1.9 billion, with core revenue growth of 5.3%.

James A. Lico, President and Chief Executive Officer, stated, Today we reported another quarter of double-digit adjusted... More