Fortive Q1 adjusted EPS beats estimates on extra selling days

Fortive

30/04/2026 12:39

Corrects core revenue growth to 5.3%, from 5%, in Key Details table

Overview

U.S. industrial technology firm's Q1 revenue rose 7.7% yr/yr; core revenue up 5.3%

Adjusted EPS for Q1 rose 25% and beat analyst expectations

Company completed ~$500 mln in share repurchases during Q1

Outlook

Fortive reaffirms FY 2026 adjusted EPS guidance range of $2.90 to $3.00

Result Drivers

ADDITIONAL SELLING DAYS - Co said revenue growth benefited from about 150 basis point tailwind from extra selling days in the qtr

STRATEGY EXECUTION - Co cited progress on Fortive Accelerated strategy and operational discipline as supporting results

SEGMENT MARGIN IMPROVEMENT - Advanced Healthcare Solutions segment posted higher operating margin, up 280 bps yr/yr

Company press release: ID:nBwc4ymwJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.70
$0.64 (14 Analysts)
Q1 EPS
$0.44
Q1 Net Income
$136 mln
Q1 Core Revenue Growth
5.3%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 13 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Fortive Corp is $62.10, about 0.6% above its April 29 closing price of $61.75

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)