Fortive Reports Fourth Quarter 2019 Results

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Go back to Fortive Reports Fourth Quarter 2019 Results

Fortive (FTV) Tops Q4 EPS by 6c, Revenues Beat; Offers Q1 & FY20 EPS Guidance Below Consensus

February 6, 2020 4:33 PM EST

Fortive (NYSE: FTV) reported Q4 EPS of $1.03, $0.06 better than the analyst estimate of $0.97. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.96 billion.

James A. Lico, President and Chief Executive Officer, stated, Our results for the fourth quarter of 2019 represented a strong conclusion to the year, with 13% earnings growth and strong adjusted operating margin performance. Our free cash flow was particularly notable as we generated over $450M in the quarter, a 17%... More