Fortive — Oct 30, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001659166-24-000161
Showing in the filing
Forecasted Adjusted Diluted Net Earnings Per Share (Non-GAAP) - Twelve Months Ending December 31, 2024
“$ 3.84 to $ 3.87”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 13
GAAP diluted EPS year-over-year increase for FY2024
“2% to 3%”
Adjusted diluted EPS year-over-year increase for FY2024
“12% to 13%”
Revenue outlook for Q4 FY2024
“$1.63 billion to $1.65 billion”
Diluted net earnings per share for Q4 FY2024
“$0.72 to $0.75”
Forecasted Diluted Net Earnings Per Share (G… for Q4 FY2024
“$ 0.72 to $ 0.75”
Adjusted diluted net earnings per share for Q4 FY2024
“$1.11 to $1.14”
Forecasted Adjusted Diluted Net Earnings Per… for Q4 FY2024
“$ 1.11 to $ 1.14”
Revenue outlook for FY2024
“approximately $6.24 billion to $6.26 billion”
Diluted net earnings per share for FY2024
“$2.47 to $2.50”
Forecasted Diluted Net Earnings Per Share (G… for FY2024
“$ 2.47 to $ 2.50”
Adjusted diluted net earnings per share for FY2024
“$3.84 to $3.87”
Forecasted Adjusted Diluted Net Earnings Per… for FY2024
“$ 3.84 to $ 3.87”
Separation completion target for Q4 FY2025
“targeting to complete the Separation by the fourth quarter of 2025”
Exhibit 99.1 · the passage around this item
… earlier in the release
We are also pleased with the positive momentum in orders growth across all our segments, including double-digit orders growth in Precision Technologies in the third quarter.” For the fourth quarter of 2024, Fortive anticipates revenue of $1.63 billion to $1.65 billion, diluted net earnings per share of $0.72 to $0.75 and adjusted diluted net earnings per share of $1.11 to $1.14. For the full year 2024, Fortive anticipates revenue of approximately $6.24 billion to $6.26 billion, diluted net earnings per share of $2.47 to $2.50, and adjusted diluted net earnings per share of $3.84 to $3.87. Mr. Lico continued, “Our updated outlook for 2024 continues to forecast double-digit growth in both earnings and cash flow. We maintain a balanced perspective on our end markets, as stabilizing demand trends drive sequential improvement as we move through the remainder of the year. Looking forward to 2025, we are poised to accelerate our strategy and ensure consistent value creation as we progress toward the separation of Fortive and the PT segment, creating two focused, independent public companies, both positioned to provide greater value to all of our stakeholders.” 1 Pending Separation Into Two Independent, Publicly Traded Companies On September 4, 2024, Fortive announced its intention to separate into two independent, publicly traded companies (the “Separation”). The Separation, if effectuated, will create (i) a technology solutions company, retaining the Fortive name, with a portfolio of the brands currently operating under Fortive’s Intelligent Operating Solutions and Advanced Healthcare Solutions business segments, focused on resilient, high-quality recurring growth by delivering productivity, safety, and reliability value to customers, and (ii) a new global industrial comp
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.