Fortive reports Q4 earnings beat; initiates Q1 and FY23 outlook
- Fortive press release (NYSE:FTV): Q4 Non-GAAP EPS of $0.88 beats by $0.04.
- Revenue of $1.53B (+11.7% Y/Y) beats by $30M.
- Free cash flow of $428M, up 62%, demonstrating robust compounding model.
- For the first quarter of 2023, Fortive anticipates revenue of $1.40B to $1.44B vs. consensus of $1.44B, diluted net earnings per share from continuing operations of $0.47 to $0.50 and adjusted diluted net earnings per share from continuing operations of $0.71 to $0.74 vs. consensus of $0.76.
For the full year 2023, Fortive anticipates revenue of $5.95 billion to $6.10 billion vs. consensus of $6.02B, diluted net earnings per share from continuing operations of $2.30 to $2.45, and adjusted diluted net earnings per share from continuing operations of $3.25 to $3.40 vs. consensus of $3.35.