Quarterly ResultApr 30, 2026, 07:42 AM
FTV Q1 Sales +7.7% to $1.07B; EPS $0.44; Repurchases $500.2M
AI Summary
Fortive Corp reported strong Q1 2026 results with total sales increasing 7.7% year-over-year to $1.07 billion and diluted EPS from continuing operations rising 33.3% to $0.44. The company also significantly increased common stock repurchases to $500.2 million and repaid $292.9 million in Euro-denominated senior unsecured notes. An ongoing restructuring plan, initiated in Q4 2024, incurred $6.3 million in charges during the quarter.
Key Highlights
- Total sales increased 7.7% YoY to $1,069.4 million.
- Diluted EPS from continuing operations rose 33.3% YoY to $0.44.
- Net earnings from continuing operations grew 21.1% YoY to $136.4 million.
- Repurchased $500.2 million of common shares, up from $202.6 million YoY.
- Repaid $292.9 million of 3.7% Euro-denominated senior unsecured notes due 2026.
- Intelligent Operating Solutions sales increased 7.6% YoY to $743.2 million.
- Advanced Healthcare Solutions sales increased 7.9% YoY to $326.2 million.
- Net cash provided by operating activities was $234.8 million.