Fortive reports Q1 adjusted EPS 75c, consensus 73c

Reports Q1 revenue $1.46B, consensus $1.42B. James Lico, president and CEO, stated, "We had a strong start to the year, delivering better than expected revenues, margins, and earnings in the first quarter. Growth across our high-quality portfolio is being fueled by the strength of our brands and their leading positions across our customers’ critical connected workflows. Our success is directly tied to our culture of continuous improvement, and dedication to the Fortive Business System (FBS). By harnessing our unique competitive advantages and strong execution capabilities, we are confident in our outlook and are raising the low end of our full-year 2023 guidance."