Moblico Blog banner
Team Moblico

Team Moblico

Fortive’s Revenue Increases 26.7% in 2Q

Share on facebook
Share on google
Share on twitter
Share on linkedin

Fortive Corp. (NYSE: FTV), Everett, Washington, reported revenue for the second quarter rose 26.7% to $1.3 billion. Fortive posted net earnings of close to $181 million compared to $130 million in the same quarter a year ago.

“Our results in the second quarter continued to demonstrate the success of our strategy, as highlighted at our investor conference in May, to build connected workflow solutions to meet the evolving needs of our customers,” said Fortive President and CEO James A. Lico in Thursday’s press release. “In the second quarter, we delivered core revenue growth and adjusted operating profit margin above the high-end of our guidance, and a 53% year-over-year increase in adjusted earnings per share. As the global economy continues to improve, we are successfully deploying the Fortive Business System to manage our supply chains to deliver for our customers and generate outstanding free cash flow.”

For the third quarter ending in October, Fortive expects its per-share earnings to range from 62 cents to 66 cents. The company anticipates full-year earnings to be in the range of $2.65 to $2.75 per share.

The post Fortive’s Revenue Increases 26.7% in 2Q appeared first on Modern Distribution Management.

More to explorer

Earnest Machine CEO Talks Sales Transformation Lessons Learned few years ago, Kirk Zehnder, the CEO of Earnest Machine — a Cleveland-based master distributor and manufacturer of industrial fasteners —

Amazon Opens First Fulfillment Center in North Dakota Inc. (NASDAQ: AMZN), Seattle, Washington, this week announced plans to open a more than 1 million-square-foot fulfillment center in Fargo, North

Mirakl Scores $555M in Series E Funding Mirakl announced it has raised $555 million in a Series E funding round led by Silver Lake, along with participation from