Fortive(NYSE) FTV

Fortive Corporation makes tools and software that keep workplaces safe. Their products help factories, utilities, and hospitals run more efficiently. Professionals use these technologies to monitor equipment and manage daily tasks.

Tools for a Safe World

• Intelligent Operating Solutions: Professional instruments and software for equipment reliability and workplace safety; recorded $758.2 million in sales in the second quarter of 2026.
• Advanced Healthcare Solutions: Specialized tools for medical instrument sterilization and radiation safety; generated $338.6 million in sales in the second quarter of 2026.

Major Moves and Shifts

• Separated the Precision Technologies segment into an independent company called Ralliant Corporation on June 28, 2025.
• Completed a registered offering of new debt in May 2026, yielding net proceeds of $1,089 million.
• Repurchased 12.3 million shares of common stock for approximately $700 million during the first half of 2026.
• Repaid $293 million in Euro-denominated senior unsecured notes in February 2026 using proceeds from commercial paper.
• Repaid $900 million in senior unsecured notes in June 2026 upon their scheduled maturity.

What Makes Fortive Different

Fortive maintains research, manufacturing, and sales facilities in approximately 50 countries around the world. The company uses its proprietary Fortive Business System to improve productivity and manage supply chain challenges.

The Financial Scorecard

• Total revenue reached $1.1 billion in the second quarter of 2026, up 7.9% year over year.
• Core revenue growth (non-GAAP) was 6.7% for the three-month period ended July 3, 2026.
• Operating profit margin reached 19.1% in the second quarter of 2026, up 240 basis points year over year.
• Operating cash flow from continuing operations hit $519.1 million during the six-month period ended July 3, 2026.
• International sales accounted for approximately 44% of total revenue during 2025.

Bottom Line

Fortive has evolved through strategic separations to focus on mission-critical software and healthcare technologies. This focus on specialized industrial solutions and operational efficiency supports its global market position.