Fortive

OverviewSuggest Edit

Fortive is a company focused on professional instrumentation and industrial technologies. Its businesses design, develop, service, manufacture, and market professional and engineered products, software and services for a variety of end markets. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment, portable gas detection equipment, consumables, and software as a service offerings, etc. Its Industrial Technologies segment offers solutions and services for use in fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking, and fleet and traffic management.

TypePublic
Founded2016
HQEverett, USMap
Websitefortive.com
Employee Ratings3.4More
View Jobs (727)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)24,000(-7%)
Job Openings727
Revenue (FY, 2018)$6.5 B(-3%)
Share Price (Jan 2020)$77.7

Key People/Management at Fortive

Jim Lico

Jim Lico

President & Chief Executive Officer
Chuck McLaughlin

Chuck McLaughlin

Senior Vice President & Chief Financial Officer
Barbara Hulit

Barbara Hulit

Senior Vice President
Pat Murphy

Pat Murphy

Senior Vice President
Wes Pringle

Wes Pringle

Senior Vice President
Jon Schwarz

Jon Schwarz

Vice President, Corporate Development
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Fortive Office Locations

Fortive has offices in Everett, San Diego and Mount Waverley
Everett, US (HQ)
6920 Seaway Blvd
San Diego, US
9980 Huennekens St #140
Mount Waverley, AU
495 Blackburn Rd
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Fortive Financials and Metrics

Fortive Revenue

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Fortive's revenue was reported to be $6.45 b in FY, 2018 which is a 3.1% decrease from the previous period.
USD

Revenue (Q3, 2019)

1.9b

Gross profit (Q3, 2019)

927.7m

Gross profit margin (Q3, 2019), %

49.9%

Net income (Q3, 2019)

207.1m

EBIT (Q3, 2019)

242.1m

Market capitalization (22-Jan-2020)

26.1b

Closing stock price (22-Jan-2020)

77.7

Cash (27-Sept-2019)

1.1b

EV

31.3b
Fortive's current market capitalization is $26.1 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

6.2b6.7b6.5b

Revenue growth, %

1%7%(3%)

Cost of goods sold

3.2b3.4b3.1b

Gross profit

3.0b3.3b3.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

744.0m1.6b1.7b1.7b1.9b1.8b1.6b1.9b1.9b

Cost of goods sold

791.2m823.7m845.9m869.9m917.1m915.8m780.2m960.7m932.3m

Gross profit

(47.2m)805.1m839.4m870.8m938.9m924.3m812.7m904.0m927.7m

Gross profit Margin, %

(6%)49%50%50%51%50%51%48%50%
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Annual
USDFY, 2016FY, 2017FY, 2018

Cash

803.2m962.1m1.2b

Accounts Receivable

945.4m1.1b1.2b

Prepaid Expenses

195.5m250.5m193.2m

Inventories

544.6m580.6m574.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

817.6m968.4m910.9m1.0b2.4b1.1b3.7b1.1b1.1b

Accounts Receivable

944.1m985.0m1.1b1.2b1.2b1.3b1.1b1.3b1.3b

Prepaid Expenses

184.1m187.7m133.1m276.0m305.1m324.4m286.2m313.9m374.9m

Inventories

571.6m560.6m576.2m615.9m642.3m649.2m608.3m693.7m680.7m
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Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

872.3m1.0b918.3m

Depreciation and Amortization

176.4m174.1m260.8m

Inventories

(28.7m)14.3m(73.4m)

Accounts Payable

17.2m24.9m76.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

199.7m439.8m707.6m261.2m556.2m801.5m164.0m339.3m546.6m

Depreciation and Amortization

36.7m73.8m113.7m60.0m118.2m184.8m81.9m192.3m309.1m

Inventories

(24.2m)(7.9m)8.2m(31.9m)(68.4m)(78.9m)(33.3m)45.8m69.4m

Accounts Payable

(47.5m)(28.8m)(51.2m)(22.2m)41.0m30.2m(40.6m)(11.7m)(7.9m)
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USDY, 2019

EV/EBIT

129.1 x

EV/CFO

39 x

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.3 x
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Fortive Operating Metrics

Fortive's Backlog was reported to be $1.2b in FY, 2018.
FY, 2013FY, 2014FY, 2015Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Mar, 2018Q1, 2018Q2, 2018FY, 2018

Backlog

$1.02 b$1.08 b$1.07 b$1.20 b$1.33 b$1.22 b

Brands

4

Countries

40 40 40 40 40 40 50 50 50 50

Facilities

100 110 90
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Fortive Acquisitions / Subsidiaries

Company NameDateDeal Size
Athena SuperHoldCoSeptember 06, 2018$2 b
AccruentAugust 02, 2018$2 b
TGG Ultimate HoldingsJuly 27, 2018$778 m
LANDAUERSeptember 06, 2017$770 m
TektronixJuly 05, 2016
AFS Forecourt Solutions Proprietary Limited
AKM Asia Pte Ltd
Anderson Instrument Co. Inc.
ANGI Energy Systems LLC
Anhui Shifu Instruments Co. Ltd.
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Fortive Revenue Breakdown

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Fortive revenue breakdown by business segment: 56.6% from Professional Instrumentation and 43.4% from Industrial Technologies

Fortive revenue breakdown by geographic segment: 73.7% from United States, 5.1% from China, 19.1% from All Others and 2.1% from Other

Fortive Online and Social Media Presence

Fortive's Trends

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Fortive News and Updates

January 17, 2020

Medical Device Tester Market Demand & Competitive Analysis by 2025| Fortive, Astronics, Bender GmbH

The global Medical Device Tester market is valued at XX million USD in 2020 and is expected to reach XX million USD by the end of 2026, growing at a CAGR of XX% between 2020 and 2026. Posted via Industry Today. Follow us on Twitter @IndustryToday
January 17, 2020

Focus on Biomedical Tester Market Changing the Way of Business in Upcoming Year with Profiling Key Fortive, Datrend Systems, Seaward Electronic

The global Biomedical Tester market is valued at XX million USD in 2020 and is expected to reach XX million USD by the end of 2026, growing at a CAGR of XX% between 2020 and 2026. Posted via Industry Today. Follow us on Twitter @IndustryToday
September 09, 2019

Fortive (FTV) Announces Intention to Separate Into Two Independent Publicly Traded Companies

Fortive Corporation announced plan to separate the company into two independent, publicly traded companies. The transaction is expected to be completed in the second half of 2020. Spin-Off Research is the market leader in Spin-Off valuation.
September 04, 2019

Fortive stocks surges after plan to separate into 2 publicly traded companies

Shares of Fortive Corp. jumped 3.2% in premarket trading Wednesday, after the industrial technology company announced a plan to separate into two independent, publicly traded companies. One of the new companies will be an industrial technology company, and retain the Fortive name, that generates "s…
April 01, 2019

Johnson & Johnson Completes Divestiture of Advanced Sterilization Products (ASP) to Fortive Corporation

NEW BRUNSWICK, N.J., April 1, 2019 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ) today announced that it has completed the divestiture of its Advanced Sterilization Products (ASP) business, a division of Ethicon, Inc.*, to Fortive Corporation (NYSE: FTV) for an aggregate value of...
October 24, 2018

Global Radiation Detection and Monitoring Equipment Market 2018-2022 - Key Vendors are Fortive, Fuji Electric, Ludlum Measurements, Mirion Technologies, Polimaster & Thermo Fisher Scientific

DUBLIN, Oct 24, 2018 /PRNewswire/ -- The "Global Radiation Detection and Monitoring Equipment Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. The Global Radiation Detection and Monitoring Equipment Market to grow at a CAGR of 5.66% during the period 2018-2022....
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Fortive Blogs

January 15, 2020

Fortive Corporation’s Fourth Quarter 2019 Earnings Results

Date and Time: 2/6/20 2:30 pm - 3:30 pm PST Speaker(s): James A. Lico, President and Chief Executive Officer TOLL FREE Dial in number: 844-443-2871 or 213-660-0916 (outside…
January 15, 2020

Fortive Announces New Global Industrial Company To Be Named Vontier

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that the name of the new global industrial company which is expected to separate from Fortive later this year wil…
January 09, 2020

Fortive Schedules Fourth Quarter 2019 Earnings Conference Call

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that it will webcast its earnings conference call for the fourth quarter 2019 on Thursday, February 6, 2020 begin…
December 11, 2019

Fortive Announces Leadership Appointments for NewCo

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced the appointments of Mark D. Morelli as President & Chief Executive Officer and David H. Naemura as Chief Fina…
November 29, 2019

Fortive to Present at the Credit Suisse 7th Annual Industrials Conference

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) announced that Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Credit Suisse 7th A…
October 30, 2019

Fortive to Present at the Baird 2019 Global Industrial Conference

Dateline City: EVERETT, Wash. EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) announced that President and Chief Executive Officer, James A. Lico, will be presenting at the Baird 2019 Global Industrial Confe…
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 Fortive Frequently Asked Questions

  • When was Fortive founded?

    Fortive was founded in 2016.

  • Who are Fortive key executives?

    Fortive's key executives are Jim Lico, Chuck McLaughlin and Barbara Hulit.

  • How many employees does Fortive have?

    Fortive has 24,000 employees.

  • What is Fortive revenue?

    Latest Fortive annual revenue is $6.5 b.

  • What is Fortive revenue per employee?

    Latest Fortive revenue per employee is $268.9 k.

  • Who are Fortive competitors?

    Competitors of Fortive include ESCO Technologies, Keysight Technologies and Stanley Black & Decker.

  • Where is Fortive headquarters?

    Fortive headquarters is located at 6920 Seaway Blvd, Everett.

  • Where are Fortive offices?

    Fortive has offices in Everett, San Diego and Mount Waverley.

  • How many offices does Fortive have?

    Fortive has 3 offices.