Fortive is a diversified company focused on professional instrumentation and industrial technologies. The Company is comprised of operating companies engaged in field solutions, transportation technology, sensing, product realization, automation and specialty, and franchise distribution markets. Its businesses design, develop, service, manufacture, and market professional and engineered products, software and services for a variety of end markets.

Type
Public
HQ
Everett, US
Founded
2016
Size (employees)
24,000 (est)
Fortive was founded in 2016 and is headquartered in Everett, US
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Key People/Management at Fortive

Jim Lico

Jim Lico

President & Chief Executive Officer
Pat Byrne

Pat Byrne

Senior Vice President
Martin Gafinowitz

Martin Gafinowitz

Senior Vice President
Wes Pringle

Wes Pringle

Senior Vice President
Chuck McLaughlin

Chuck McLaughlin

Senior Vice President & Chief Financial Officer
Barbara Hulit

Barbara Hulit

Senior Vice President
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Fortive Office Locations

Fortive has an office in Everett
Everett, US (HQ)
6920 Seaway Blvd
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Fortive Financials and Metrics

Fortive Financials

Fortive's revenue was reported to be $6.66 b in FY, 2017 which is a 6.9% increase from the previous period.
USD

Revenue (FY, 2017)

6.7 b

Revenue growth (FY, 2016 - FY, 2017), %

6.9%

Gross profit (FY, 2017)

3.3 b

Gross profit margin (FY, 2017), %

49.6%

Net income (FY, 2017)

1 b

EBIT (FY, 2017)

1.4 b

Market capitalization (20-Apr-2018)

27.1 b

Cash (31-Dec-2017)

962.1 m

EV

30.2 b
Fortive's current market capitalization is $27.1 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

6.3 b6.2 b6.2 b6.7 b

Revenue growth, %

(2%)1%7%

Cost of goods sold

3.3 b3.2 b3.2 b3.4 b

Gross profit

3 b3 b3 b3.3 b
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

1.6 b1.5 b695.2 m1.6 b1.6 b744 m1.6 b1.7 b

Cost of goods sold

800.1 m777.4 m779.5 m787 m794.5 m791.2 m823.7 m845.9 m

Gross profit

764.8 m747.2 m(84.3 m)768.1 m772.9 m(47.2 m)805.1 m839.4 m

Gross profit Margin, %

49%49%(12%)49%49%(6%)49%50%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

803.2 m962.1 m

Accounts Receivable

979.3 m945.4 m1.1 b

Prepaid Expenses

91.9 m195.5 m250.5 m

Inventories

522.9 m544.6 m580.6 m
Quarterly
USDQ2, 2017Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

487.2 m724.8 m817.6 m968.4 m910.9 m

Accounts Receivable

948.2 m972 m944.1 m985 m1.1 b

Prepaid Expenses

169.1 m104.3 m184.1 m187.7 m133.1 m

Inventories

557.5 m558.1 m571.6 m560.6 m576.2 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

883.4 m863.8 m872.3 m1 b

Depreciation and Amortization

178 m176.9 m176.4 m174.1 m

Inventories

(22.2 m)(27.7 m)(28.7 m)14.3 m

Accounts Payable

28.8 m53.6 m17.2 m24.9 m
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

431.1 m627.7 m182 m420.9 m647.8 m199.7 m439.8 m707.6 m

Depreciation and Amortization

88.6 m132.2 m43.9 m88.8 m133.9 m36.7 m73.8 m113.7 m

Inventories

(41.9 m)(52.8 m)(24.6 m)(36.3 m)(34.9 m)(24.2 m)(7.9 m)8.2 m

Accounts Payable

13.4 m500 k(39 m)(12 m)(37.4 m)(47.5 m)(28.8 m)(51.2 m)
USDY, 2017

EV/EBIT

22.3 x

EV/CFO

25.6 x

Revenue/Employee

277.3 k

Financial Leverage

2.8 x
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Fortive Operating Metrics

Fortive's Backlog was reported to be $1.3b in FY, 2017.
FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017Mar, 2018

Backlog

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

Brands

4

Countries

40 50

Facilities

100 110
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Fortive Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
TFF Corporation
AFS Forecourt Solutions Proprietary Limited
AKM Asia Pte Ltd
Anhui Shifu Instruments Co. Ltd.
Fluke Testing Instruments (Shanghai) Co. Ltd.
Jacobs (Suzhou) Vehicle Systems Co. Ltd
Keithley Instruments LLC
KOLLMORGEN Europe GmbH
Kollmorgen s.r.o.
Launchchange South Africa Holdings (Pty) Ltd
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Fortive News and Updates

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