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Fortive Corp (FTV.N)

FTV.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Altra Industrial Motion Says Co's Management To Lead Combined Co Following Closing Of Deal With Fortive
Wednesday, 7 Mar 2018 08:21am EST 

March 7 (Reuters) - Altra Industrial Motion Corp ::ALTRA INDUSTRIAL MOTION SAYS CO'S MANAGEMENT TO LEAD COMBINED CO FOLLOWING CLOSING OF DEAL WITH FORTIVE - SEC FILING.ALTRA INDUSTRIAL MOTION SAYS CARL CHRISTENSEN WILL BE CHAIRMAN OF BOARD OF COMBINED CO FOLLOWING CLOSING OF DEAL WITH FORTIVE.  Full Article

Fortive Agrees To Combine Automation And Specialty Businesses With Altra Industrial Motion Corp
Wednesday, 7 Mar 2018 07:02am EST 

March 7 (Reuters) - Fortive Corp ::FORTIVE ANNOUNCES AGREEMENT TO COMBINE AUTOMATION AND SPECIALTY BUSINESSES WITH ALTRA INDUSTRIAL MOTION CORP..FORTIVE - ‍IN SPLIT-OFF, CO EXPECTS DILUTION IMPACT TO NET EPS WOULD BE ABOUT 8-9% ON ANNUAL BASIS AS RESULT OF DISTRIBUTION​.FORTIVE CORP - ‍UNDER TERMS OF DEFINITIVE TRANSACTION AGREEMENTS, CO WILL CREATE UNIT TO HOLD A&S PLATFORM​.FORTIVE CORP - ‍WILL DISTRIBUTE OWNERSHIP OF A&S UNIT TO FORTIVE SHAREHOLDERS IN EITHER A SPLIT-OFF OR SPIN-OFF TRANSACTION​.FORTIVE CORP - ‍DISTRIBUTION OF OWNERSHIP OF A&S UNIT WILL BE FOLLOWED BY MERGER OF A&S UNIT WITH UNIT OF ALTRA​.FORTIVE CORP - ‍IF CO ELECTS SPIN-OFF, SHARES OF A&S UNIT TO BE DISTRIBUTED TO ALL OF ITS SHAREHOLDERS ON PRO RATA BASIS​.FORTIVE CORP - ‍IF CO ELECTS SPLIT-OFF, ITS SHAREHOLDERS WOULD HAVE OPPORTUNITY TO EXCHANGE THEIR SHARES FOR SHARES OF A&S UNIT.FORTIVE CORP - ‍COMBINATION WILL BE EFFECTED AS A REVERSE MORRIS TRUST, WHICH IS EXPECTED TO BE TAX-EFFICIENT TO CO.  Full Article

Press Release - Altra Industrial Motion Corp. To Combine With Fortive’s Automation & Specialty Platform
Wednesday, 7 Mar 2018 07:00am EST 

March 7 (Reuters) - Altra Industrial Motion Corp ::PRESS RELEASE - ALTRA INDUSTRIAL MOTION CORP. TO COMBINE WITH FORTIVE’S AUTOMATION & SPECIALTY PLATFORM TO CREATE A GLOBAL LEADER IN THE POWER TRANSMISSION AND MOTION CONTROL INDUSTRY.ALTRA INDUSTRIAL MOTION CORP - DEAL FOR APPROXIMATELY $3.0 BILLION.ALTRA INDUSTRIAL MOTION CORP - TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO NON-GAAP ADJUSTED DILUTED EARNINGS PER SHARE.ALTRA INDUSTRIAL MOTION CORP - EXPECTED TO GENERATE ANNUAL SYNERGIES, VAST MAJORITY OF WHICH ARE COST, OF MORE THAN $50 MILLION FROM DEAL.ALTRA INDUSTRIAL MOTION - BOARD UNANIMOUSLY APPROVED AGREEMENT TO COMBINE CO WITH 4 OPERATING COS FROM FORTIVE'S AUTOMATION AND SPECIALTY PLATFORM.ALTRA INDUSTRIAL MOTION CORP - TRANSACTION IS EXPECTED TO BE TAX FREE TO COMPANIES' RESPECTIVE SHAREHOLDERS.ALTRA INDUSTRIAL MOTION CORP - COMBINED COMPANY IS EXPECTED TO GENERATE CUMULATIVE FIVE-YEAR FREE CASH FLOWS IN EXCESS OF $1 BILLION.ALTRA INDUSTRIAL MOTION CORP - DEAL TO DOUBLE ALTRA'S RE TO ABOUT $1.8 BILLION FOR TWELVE MONTHS ENDED DECEMBER 31, 2017.ALTRA INDUSTRIAL MOTION CORP - WILL INCREASE SIZE OF ITS BOARD WITH ADDITION OF ONE BOARD MEMBER DESIGNATED BY FORTIVE.ALTRA INDUSTRIAL MOTION - TOTAL CONSIDERATION TO FORTIVE INCLUDES $1.4 BILLION OF CASH PROCEEDS AND DEBT REDUCTION FOR FORTIVE.ALTRA INDUSTRIAL MOTION - COMBINED CO WILL CONTINUE TO BE LED BY ALTRA'S CURRENT CHAIRMAN AND CEO CARL CHRISTENSON, CHRISTIAN STORCH TO REMAIN CFO.  Full Article

Fortive Q4 Earnings Per Share $0.95
Thursday, 8 Feb 2018 04:17pm EST 

Feb 8 (Reuters) - Fortive Corp ::FORTIVE REPORTS FOURTH QUARTER 2017 RESULTS AND INITIATES 2018 GUIDANCE.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $3.35 TO $3.45.SEES Q1 2018 ADJUSTED EARNINGS PER SHARE $0.72 TO $0.76.SEES FY 2018 EARNINGS PER SHARE $3.13 TO $3.23.SEES Q1 2018 EARNINGS PER SHARE $0.66 TO $0.70.Q4 REVENUE ROSE 11 PERCENT TO $1.8 BILLION.Q4 EARNINGS PER SHARE $0.95.QTRLY ‍ADJUSTED DILUTED NET EARNINGS PER SHARE WERE $0.82​.  Full Article

Fortive posts Q3 earnings per share $0.76
Thursday, 26 Oct 2017 04:17pm EDT 

Oct 26 (Reuters) - Fortive Corp :Fortive reports third quarter 2017 results.Sees Q4 2017 adjusted earnings per share $0.74 to $0.78.Sees FY 2017 adjusted earnings per share $2.82 to $2.86.Sees FY 2017 earnings per share $2.69 to $2.73.Sees Q4 2017 earnings per share $0.69 to $0.73.Q3 earnings per share $0.76.Q3 revenue $1.7 billion versus I/B/E/S view $1.66 billion.Q3 earnings per share view $0.73 -- Thomson Reuters I/B/E/S.  Full Article

Fortive to acquire Landauer for $67.25 per share, or nearly $770 mln
Wednesday, 6 Sep 2017 08:00am EDT 

Sept 6 (Reuters) - Landauer Inc :Fortive to acquire Landauer for $67.25 per share, or approximately $770 million.Landauer Inc - Fortive expects to finance transaction with available cash and credit.Landauer Inc - Acquisition has been unanimously approved by board of directors of each company.Landauer Inc - Landauer board of directors has unanimously recommended that landauer shareholders tender their shares into offer.Landauer Inc - Deal for ‍total enterprise value of approximately $770 million including assumed indebtedness and net of acquired cash​.Landauer -‍ Certain stockholder representing about 5% of Landauer's outstanding shares has indicated they intend to tender their shares into offer​.Landauer Inc - ‍Upon closing of acquisition, Landauer will become part of Fortive's field solutions platform ​.  Full Article

Fortive Q2 earnings per share $0.68
Thursday, 27 Jul 2017 04:17pm EDT 

July 27 (Reuters) - Fortive Corp :Fortive reports second quarter 2017 results and announces agreement to acquire Industrial Scientific Corporation.Sees Q3 2017 adjusted non-GAAP earnings per share $0.69 to $0.73.Sees FY 2017 adjusted non-GAAP earnings per share $2.72 to $2.80.Sees FY 2017 earnings per share $2.61 to $2.69.Sees Q3 2017 earnings per share $0.66 to $0.70.Q2 earnings per share $0.68.Q2 revenue $1.6 billion versus I/B/E/S view $1.61 billion.Q2 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $2.76 -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.72 -- Thomson Reuters I/B/E/S.  Full Article

Fortive reports Q1 earnings per share $0.57
Thursday, 27 Apr 2017 04:17pm EDT 

April 27 (Reuters) - Fortive Corp -:Fortive reports first quarter 2017 results.Sees Q2 2017 adjusted non-gaap earnings per share $0.65 to $0.69.Sees FY 2017 adjusted non-gaap earnings per share $2.68 to $2.78.Sees FY 2017 earnings per share $2.57 to $2.67.Sees Q2 2017 earnings per share $0.62 to $0.66.Q1 earnings per share $0.57.Q1 revenue rose 4.1 percent to $1.5 billion.Q2 earnings per share view $0.68, revenue view $1.60 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $2.69 -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.57, revenue view $1.53 billion -- Thomson Reuters I/B/E/S.  Full Article

FORTIVE REPORTS Q4 EARNINGS PER SHARE $0.64
Tuesday, 7 Feb 2017 04:17pm EST 

Fortive Corp : FORTIVE REPORTS FOURTH QUARTER 2016 RESULTS AND INITIATES 2017 GUIDANCE . SEES Q1 2017 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.54 TO $0.58 . SEES FY 2017 ADJUSTED NON-GAAP EARNINGS PER SHARE $2.60 TO $2.70 . SEES FY 2017 EARNINGS PER SHARE $2.48 TO $2.58 . SEES Q1 2017 EARNINGS PER SHARE $0.51 TO $0.55 . Q4 EARNINGS PER SHARE $0.64 . Q4 REVENUE $1.6 BILLION VERSUS I/B/E/S VIEW $1.61 BILLION . Q4 EARNINGS PER SHARE VIEW $0.67 -- THOMSON REUTERS I/B/E/S . Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.64 . Q1 EARNINGS PER SHARE VIEW $0.58, REVENUE VIEW $1.52 BILLION -- THOMSON REUTERS I/B/E/S . FY2017 EARNINGS PER SHARE VIEW $2.69, REVENUE VIEW $6.39 BILLION -- THOMSON REUTERS I/B/E/S .FY2017 EARNINGS PER SHARE VIEW $2.69 -- THOMSON REUTERS I/B/E/S.  Full Article

Fortive reports posts Q2 earnings per share $0.69
Tuesday, 2 Aug 2016 04:20pm EDT 

Fortive Corp : Fortive reports second quarter 2016 results . Qtrly earnings per share $0.69 . Q2 revenue $1.6 billion . Sees Q3 2016 GAAP earnings per share $0.50 to $0.54 . Sees Q3 2016 adjusted non-GAAP earnings per share $0.56 to $0.60 . Expects its 2016 second half non-GAAP adjusted diluted net earnings per share to be in range of $1.21 to $1.29 .Both Q3 and second half 2016 guidance include continued expectations of low-single digit core revenue growth.  Full Article

BRIEF-Fortive Corp Q1 Earnings Per Share $0.74

* Q1 EARNINGS PER SHARE VIEW $0.75 -- THOMSON REUTERS I/B/E/S