Fortive Corp
For the period ended Mar 29, 2024. Filed Apr 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2024 · Filed Apr 24, 2024
FTV$67.73+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Earnings
($ and shares in millions, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| March 29, 2024 | March 31, 2023 | |
| Sales of products and software | $1,299.9 | $1,236.6 |
| Sales of services | 224.6 | 224.1 |
| Total sales | 1,524.5 | 1,460.7 |
| Cost of product and software sales | (492.0) | (488.1) |
| Cost of service sales | (128.3) | (124.4) |
| Total cost of sales | (620.3) | (612.5) |
| Gross profit | 904.2 | 848.2 |
| Operating costs: | ||
| Selling, general and administrative expenses | (561.0) | (507.7) |
| Research and development expenses | (104.1) | (100.1) |
| Gain on sale of property | 63.1 | — |
| Operating profit | 302.2 | 240.4 |
| Non-operating income (expense), net: | ||
| Interest expense, net | (44.0) | (32.1) |
| Other non-operating expense, net | (24.2) | (2.5) |
| Earnings before income taxes | 234.0 | 205.8 |
| Income taxes | (26.6) | (32.2) |
| Net earnings | $207.4 | $173.6 |
| Net earnings per share: | ||
| Basic | $0.59 | $0.49 |
| Diluted | $0.58 | $0.49 |
| Average common stock and common equivalent shares outstanding: | ||
| Basic | 351.7 | 353.6 |
| Diluted | 356.0 | 356.5 |
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