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NEW YORK - On Wednesday, Fortive Corporation (NYSE:FTV) reported second-quarter adjusted earnings at the high end of its guidance range, despite facing trade and healthcare spending uncertainties.
The industrial technology company’s shares gained 2.95% in pre-market tradind after the announcement.
The company reported adjusted earnings per share of $0.58 for the second quarter, just a penny below analyst estimates of $0.59, while revenue came in at $1.02 billion, matching consensus expectations. Revenue decreased slightly by 0.4% year-over-year, with core revenue declining 0.7%.
"Despite uncertainty related to trade, healthcare and government spending policy impacting demand in the second quarter, we delivered strong earnings and free cash flow, reflecting the strength of our market-leading operating brands and the power of the Fortive Business System," said Olumide Soroye, President and CEO of Fortive.
The quarter marked a pivotal moment for Fortive as it completed the spin-off of its Precision Technologies segment into a separate company called Ralliant. The company’s Intelligent Operating Solutions segment reported flat revenue of $697 million YoY with a 0.2% core revenue decline, while Advanced Healthcare Solutions saw revenue decrease 1.3% to $320 million.
Adjusted EBITDA margin for continuing operations was 28.4%, down slightly from 28.6% in the same quarter last year. The company generated $180 million in free cash flow during the quarter, representing a 9.1% decrease from the prior year.
For the full year 2025, Fortive provided guidance for adjusted earnings per share of $2.50 to $2.60, in line with analyst consensus of $2.54.
"The third quarter marks the beginning of our new chapter, and we are moving the pieces into place to drive accelerated growth," Soroye added. "Our new leadership team is focused on executing our Fortive Accelerated strategy, including our disciplined capital allocation approach and focus on building investor trust."
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