Fortive Q3 Beats: Core Sales +7.2%, Adjusted EPS $0.77, FY Guidance Raised to $3.10-$3.14
FTV sits 27% above its 52-week low of $48.975.
Summary
Fortive grew Q3 core sales 7.2% and adjusted EPS 13.2% to $0.77, then raised FY 2026 adjusted EPS guidance to $3.10-$3.14. Intelligent Operating Solutions drove the beat while Advanced Healthcare Solutions margins slipped.
Key Events · Earnings and Guidance · FTV
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Q3 Core Growth Accelerates to 7.2%
Revenue of $1.11 billion rose 7.8% reported and 7.2% core; GAAP diluted EPS was $0.57 (up 62.9%) and adjusted diluted EPS $0.77 (up 13.2%).
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FY 2026 Guidance Raised
Adjusted diluted EPS guidance lifted to $3.10-$3.14, up about 15% year-over-year at the midpoint.
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Healthcare Segment Margin Contracts
Advanced Healthcare Solutions GAAP operating profit fell 10.1% to $38.2 million and margin dropped 170 bps to 11.2%, versus 9.1% core growth and 35.8% adjusted EBITDA margin in Intelligent Operating Solutions.
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Buybacks Continue at ~$300M in Q3
Repurchases of about $300 million (~5 million shares, ~2% of diluted shares) bring the total since the new Fortive launch to ~$2.3 billion, or ~43 million shares.
Analysis · FTV · Industrial Applications And Services
Fortive posted its fifth straight quarter of double-digit adjusted EPS growth and raised full-year guidance to $3.10-$3.14, roughly 15% above last year at the midpoint. Revenue of $1.11 billion grew 7.8% reported and 7.2% core, with adjusted EBITDA margin at 30.6%. The weak spot is Advanced Healthcare Solutions, where GAAP operating profit fell 10.1% and margin contracted 170 bps; growth is carried by Intelligent Operating Solutions (9.1% core, 35.8% adjusted EBITDA margin). The company also repurchased roughly $300 million of stock in the quarter, part of about $2.3 billion since the new Fortive launch, which supports EPS but leaves less cash cushion — cash sits at $377 million against $3.51 billion of long-term debt.
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At the time of this filing, FTV was trading at $62.22 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $18.6B. The 52-week trading range was $48.98 to $64.56. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.