Fortive (FTV) Tops Q2 EPS by 10c

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Fortive Reports Second Quarter 2020 Results

July 28, 2020 4:15 PM EDT

EVERETT, Wash.--(BUSINESS WIRE)-- Fortive Corporation (Fortive) (NYSE: FTV) today announced results for the second quarter 2020.

For the second quarter ended June 26, 2020, net earnings from continuing operations attributable to common stockholders were $113.1 million. For the same period, adjusted net earnings from continuing operations were $241.9 million. Diluted net earnings per share from continuing operations for the second quarter ended June 26, 2020 were $0.33. For the same period, adjusted diluted net earnings per share from continuing operations were $0.68.

For the second quarter of 2020, revenues from continuing operations decreased 15.7% year-over-year to $1.6 billion, which reflected a... More