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Fortive Corporation Building A Conglomerate For Connected Workflow Solutions

Feb. 02, 2023 3:33 PM ETFortive Corporation (FTV)
Dhrumil Patel profile picture
Dhrumil Patel


  • Fortive Corporation was spun off from Danaher in 2016 and, like Danaher, follows a business and manufacturing playbook it calls the Fortive Business System.
  • It reported 4th quarter and 2022 full year results on 2/1/22 and delivered double-digit revenue and earnings per share growth on both a quarterly and full year basis.
  • Full year 2022 and Q4-2022 free cash flow grew 28% and 62%, respectively.
  • Trailing returns lag the market, but Fortive expects +75 bps operating margin expansion in 2023 along with $3.33 adjusted earnings per share (at the midpoint) in 2023. At current prices, Fortive trades at a 19.8 forward earnings multiple, below its 22.19 5-year average.

Precise mechanics on robotic arm in industry

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Company Overview

Fortive Corporation (NYSE:FTV) was spun off from Danaher Corporation (DHR) in July 2016 and began trading publicly on the New York Stock Exchange. Currently, the company operates and reports financial results in

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I enjoy following the financial markets, doing my own research of companies or brands that interest me, and summarizing my views on this forum. Happy investing!

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