Brief: Fortive Reports Fourth Quarter And Full Year 2023 Results

Fortive

31/01/2024 13:01

Jan 31 (Reuters) - Fortive Corp  FTV.N :
    * FORTIVE REPORTS STRONG FOURTH QUARTER AND FULL YEAR 2023
RESULTS; INTRODUCES FIRST QUARTER AND FULL YEAR 2024 OUTLOOK
    * DILUTED NET EARNINGS PER SHARE FOR Q4 WAS $0.75
    * EXPECT FULL-YEAR 2024 REVENUE OF $6.4 TO $6.5 BILLION, UP
6% TO
8% PERCENT
    * SEES Q1 REVENUE OF ABOUT $1.5 BILLION, DILUTED NET
EARNINGS PER
SHARE OF $0.44 TO $0.47
    * EXPECT FULL-YEAR 2024 REVENUE OF $6.4 TO $6.5 BILLION
    * Q4 ADJUSTED DILUTED EPS OF $0.98
    * EXPECT FULL-YEAR 2024 GAAP DILUTED EPS OF $2.58 TO $2.70,
FULL-YEAR 2024 ADJUSTED DILUTED EPS OF $3.73 TO $3.85
    * SEES Q1 ADJUSTED DILUTED NET EARNINGS PER SHARE OF $0.77
TO
$0.80
    * : SEES  FULL YEAR 2024 ADJUSTED DILUTED NET EARNINGS PER
SHARE
OF $3.73 TO $3.85
    * CURRENTLY DO NOT EXPECT GEMS SETRA MATTER TO HAVE A
MATERIAL
ADVERSE EFFECT ON OUR FINANCIAL CONDITION OR RESULTS OF
OPERATIONS
    * FY2024 EARNINGS PER SHARE VIEW $3.68, REVENUE VIEW $6.36
BILLION
-- LSEG IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $0.82, REVENUE VIEW $1.52
BILLION --
LSEG IBES DATA

Source text for Eikon:  ID:nBw4WCqmDa 
Further company coverage:  FTV.N 

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