Market Capitalization (Millions $) |
27,980 |
Shares
Outstanding (Millions) |
352 |
Employees |
18,400 |
Revenues (TTM) (Millions $) |
6,195 |
Net Income (TTM) (Millions $) |
889 |
Cash Flow (TTM) (Millions $) |
97 |
Capital Exp. (TTM) (Millions $) |
118 |
Fortive Corporation
Fortive Corporation is a diversified industrial technology company that was founded in 2016, following a spin-off from Danaher Corporation. Headquartered in Everett, Washington, Fortive operates globally, employing over 17,000 individuals across various locations and industries.
Business Segments and Portfolio
Fortive engages in a range of sectors through its two primary business segments: Professional Instrumentation and Industrial Technologies.
1. Professional Instrumentation: - This segment focuses on electronic measurement, instrumentation, and calibration equipment catering to multiple applications. It targets environmental monitoring, electrical power management, and gas detection. - The segment also provides related services, including training, calibration, and repair to ensure the optimal operation of its instruments. Key brands under this segment include Fluke and Tektronix, recognized for their high-quality testing and measurement solutions.
2. Industrial Technologies: - Fortives Industrial Technologies segment offers products and services that enhance the safety, efficiency, and precision of industrial operations. It includes sensing technologies for fluid management, gas detection, electric motors and drives, engineered products, and additional services for calibration and repair. - Prominent brands such as Gilbarco Veeder-Root and Qualitrol are part of this segment, providing innovative solutions for industries such as automotive, aerospace, healthcare, and utilities.
Strategic Focus and Growth
Fortives strategic emphasis is on building a differentiated portfolio of industrial technology businesses characterized by strong market positions and robust customer relationships. The company aims to achieve growth through both organic efforts and strategic acquisitions.
Recent acquisitions have included: - Advanced Sterilization Products: This acquisition broadened Fortives presence in healthcare by enhancing its infection prevention solutions. - Gordian: This company specializes in construction cost data and software solutions, providing Fortive with capabilities to support the construction and engineering sectors.
Financial Performance
Fortive has demonstrated strong financial performance marked by consistent revenue growth and disciplined financial management. The company boasts a solid cash flow generation capacity, allowing it to invest in acquisitions, initiate share buybacks, and provide dividends to shareholders.
Management and Future Positioning
The management team at Fortive thoroughly understands the industrial technology landscape and possesses a proven track record in executing its strategic objectives. Given its established foundation, diversified portfolio, and commitment to innovation, Fortive is positioned to continue delivering value to its customers and shareholders in the years ahead.
Company Address: 6920 Seaway Blvd Everett, 98203 WA
Company Phone Number: 446-5000 Stock Exchange / Ticker: NYSE FTV
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