Fortive Corp

For the period ended Sep 27, 2024. Filed Oct 30, 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.

Sep 27, 2024 · Filed Oct 30, 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		Nine Months Ended
	September 27, 2024	September 29, 2023	September 27, 2024	September 29, 2023
Sales of products and software	$1,293.4	$1,258.9	$3,902.2	$3,786.3
Sales of services	241.2	235.6	709.3	695.3
Total sales	1,534.6	1,494.5	4,611.5	4,481.6
Cost of product and software sales	(484.7)	(479.0)	(1,476.9)	(1,464.2)
Cost of service sales	(128.6)	(122.5)	(380.8)	(370.8)
Total cost of sales	(613.3)	(601.5)	(1,857.7)	(1,835.0)
Gross profit	921.3	893.0	2,753.8	2,646.6
Operating costs:
Selling, general and administrative expenses	(524.1)	(503.5)	(1,610.5)	(1,525.2)
Research and development expenses	(101.7)	(98.4)	(306.9)	(298.6)
Gain on sale of property	—	—	63.1	—
Operating profit	295.5	291.1	899.5	822.8
Non-operating income (expense), net:
Interest expense, net	(37.0)	(29.8)	(119.7)	(95.0)
Loss from divestiture	—	—	(25.6)	—
Other non-operating expense, net	(26.3)	(4.2)	(59.3)	(14.5)
Earnings before income taxes	232.2	257.1	694.9	713.3
Income taxes	(10.6)	(39.1)	(70.8)	(112.7)
Net earnings	$221.6	$218.0	$624.1	$600.6
Net earnings per share:
Basic	$0.63	$0.62	$1.78	$1.70
Diluted	$0.63	$0.61	$1.76	$1.69
Average common stock and common equivalent shares outstanding:
Basic	349.2	352.1	350.7	352.9
Diluted	352.3	356.1	354.4	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.