Fortive raises FY23 adjusted EPS view to $3.29-$3.40 from $3.25-$3.40

Consensus $3.36. Raises FY23 revenue view to $6B-$6.1B from $5.95B-$6.1B, consensus $6.04B. The company said, "For the full year 2023, Fortive anticipates revenue of $6.0 billion to $6.1 billion, diluted net earnings per share of $2.33 to $2.44, and adjusted diluted net earnings per share of $3.29 to $3.40." Lico added, "Our focused segment strategies, which align to durable growth drivers, are creating a more resilient Fortive with enduring growth and further margin expansion opportunities. We look forward to sharing our updated long-term targets at our Investor Day in May and showcasing our innovation capabilities and the continued evolution of our strong free cash flow, affording us ample opportunities to further accelerate our strategy and unlock value for shareholders."