Fortive (FTV) Tops Q2 EPS by 8c; Raises Outlook
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Fortive Reports Strong Second Quarter 2022 Results; Raises Full Year 2022 Outlook
July 28, 2022 7:30 AM EDTDelivered outstanding financial performance despite continued COVID, supply chain and foreign exchange headwinds Q2 revenue growth of 11%, up 9% core, ahead of expectations, reflects effective mitigation of expected Shanghai lockdown impact Continued demand for workflow solutions yields high single-digit hardware orders and software annual recurring revenue growth in Q2 Flat Q2 GAAP diluted net earnings per share, up 18% adjusted diluted earnings per share Narrows full-year 2022 revenue growth to 10-11%, raises core growth outlook to 8-9.5%; narrows and raises GAAP EPS range to $2.03-$2.09, and Adjusted EPS of $3.07-$3.13, Up... More
