Fortive reports Q1 adjusted EPS 83c, consensus 79c

Reports Q1 revenue $1.52B, consensus $1.53B. James Lico, president and CEO, stated, “Our results in the first quarter once again reflect the resiliency and strength of our differentiated portfolio of businesses. All three segments performed ahead of expectations on core growth, margins, earnings growth, and free cash flow, all enabled by the strength and rigorous application of the Fortive Business System (FBS). We are confident in our raised outlook for the year, continuing our track record of compounding earnings and free cash flow growth by double-digits in 2024.”