Fortive Corp

For the period ended Jun 27, 2025. Filed Jul 30, 2025.

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 27, 2025 · Filed Jul 30, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Condensed Statements of Earnings

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

	Three Months Ended		Six Months Ended
	June 27, 2025	June 28, 2024	June 27, 2025	June 28, 2024
Sales of products and software	$1,277.4	$1,308.9	$2,525.8	$2,608.8
Sales of services	241.4	243.5	467.2	468.1
Total sales	1,518.8	1,552.4	2,993.0	3,076.9
Cost of product and software sales	(503.5)	(500.2)	(979.2)	(992.2)
Cost of service sales	(119.6)	(123.9)	(237.2)	(252.2)
Total cost of sales	(623.1)	(624.1)	(1,216.4)	(1,244.4)
Gross profit	895.7	928.3	1,776.6	1,832.5
Operating costs:
Selling, general and administrative	(564.3)	(525.4)	(1,106.5)	(1,086.4)
Research and development	(109.2)	(101.1)	(214.3)	(205.2)
Gain on sale of property	—	—	—	63.1
Operating profit	222.2	301.8	455.8	604.0
Non-operating income (expense), net:
Interest expense, net	(32.1)	(38.7)	(64.1)	(82.7)
Loss from divestiture	—	(25.6)	—	(25.6)
Other non-operating income (expense), net	1.9	(8.8)	1.7	(33.0)
Earnings before income taxes	192.0	228.7	393.4	462.7
Income taxes	(25.4)	(33.6)	(54.9)	(60.2)
Net earnings	$166.6	$195.1	$338.5	$402.5
Net earnings per share:
Basic	$0.49	$0.56	$0.99	$1.15
Diluted	$0.49	$0.55	$0.99	$1.13
Average common stock and common equivalent shares outstanding:
Basic	339.6	351.3	340.3	351.5
Diluted	341.7	354.8	343.2	355.4

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.