Fortive Corp
For the period ended Mar 28, 2025. Filed May 1, 2025.
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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 28, 2025 · Filed May 1, 2025
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 28, 2025 | March 29, 2024 | |
| Sales of products and software | $1,248.4 | $1,299.9 |
| Sales of services | 225.8 | 224.6 |
| Total sales | 1,474.2 | 1,524.5 |
| Cost of product and software sales | (475.7) | (492.0) |
| Cost of service sales | (117.6) | (128.3) |
| Total cost of sales | (593.3) | (620.3) |
| Gross profit | 880.9 | 904.2 |
| Operating costs: | ||
| Selling, general and administrative | (542.2) | (561.0) |
| Research and development | (105.1) | (104.1) |
| Gain on sale of property | — | 63.1 |
| Operating profit | 233.6 | 302.2 |
| Non-operating income (expense), net: | ||
| Interest expense, net | (32.0) | (44.0) |
| Other non-operating expense, net | (0.2) | (24.2) |
| Earnings before income taxes | 201.4 | 234.0 |
| Income taxes | (29.5) | (26.6) |
| Net earnings | $171.9 | $207.4 |
| Net earnings per share: | ||
| Basic | $0.50 | $0.59 |
| Diluted | $0.50 | $0.58 |
| Average common stock and common equivalent shares outstanding: | ||
| Basic | 341.1 | 351.7 |
| Diluted | 344.6 | 356.0 |
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