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Fortive Corporation: Raised Outlook As Demand Remains Resilient

Jul. 21, 2023 7:53 AM ETFortive Corporation (FTV)
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  • Fortive Corporation has shown strong growth with a CAGR for revenues of 13.15% and raised guidance after the first quarter of 2023 due to persistent demand.
  • The company, which designs and manufactures engineered products and software, has a diverse revenue stream and significant recurring software revenues.
  • Despite potential risks linked to the global economy, the company is seen as a good long-term investment due to its strategic acquisitions and robust free cash flow.

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Investment Rundown

The last couple of years for Fortive Corporation (NYSE:FTV) has shown strong growth as CAGR for revenues is 13.15%. This momentum seems to persist as the operational performance in the first quarter

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I write about companies that fascinate me and that also offers investors with potential as a long-term position. I primarily focus on the energy and industrial sector but every now and again venture out to other sectors too.

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