Fortive Corp

For the period ended Jun 28, 2024. Filed Jul 24, 2024.

About this filing

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.

Jun 28, 2024 · Filed Jul 24, 2024

FTV$67.73+0.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Condensed Statements of Earnings

($ and shares in millions, except per share amounts)

	Three Months Ended		Six Months Ended
	June 28, 2024	June 30, 2023	June 28, 2024	June 30, 2023
Sales of products and software	$1,308.9	$1,290.8	$2,608.8	$2,527.4
Sales of services	243.5	235.6	468.1	459.7
Total sales	1,552.4	1,526.4	3,076.9	2,987.1
Cost of product and software sales	(500.2)	(500.1)	(992.2)	(985.2)
Cost of service sales	(123.9)	(120.9)	(252.2)	(248.3)
Total cost of sales	(624.1)	(621.0)	(1,244.4)	(1,233.5)
Gross profit	928.3	905.4	1,832.5	1,753.6
Operating costs:
Selling, general and administrative expenses	(525.4)	(514.0)	(1,086.4)	(1,021.7)
Research and development expenses	(101.1)	(100.1)	(205.2)	(200.2)
Gain on sale of property	—	—	63.1	—
Operating profit	301.8	291.3	604.0	531.7
Non-operating income (expense), net:
Interest expense, net	(38.7)	(33.1)	(82.7)	(65.2)
Loss from divestiture	(25.6)	—	(25.6)	—
Other non-operating expense, net	(8.8)	(7.8)	(33.0)	(10.3)
Earnings before income taxes	228.7	250.4	462.7	456.2
Income taxes	(33.6)	(41.4)	(60.2)	(73.6)
Net earnings	$195.1	$209.0	$402.5	$382.6
Net earnings per share:
Basic	$0.56	$0.59	$1.15	$1.08
Diluted	$0.55	$0.59	$1.13	$1.07
Average common stock and common equivalent shares outstanding:
Basic	351.3	353.0	351.5	353.3
Diluted	354.8	355.5	355.4	356.0

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.