The company said fourth-quarter revenue for Q4 2023 rose 4% year over year to $1.58 billion, net earnings were $265 million, and GAAP diluted earnings per share were $0.75. Core revenue growth was 3%.

1. 01

   The company said fourth-quarter revenue for Q4 2023 rose 4% year over year to $1.58 billion, net earnings were $265 million, and GAAP diluted earnings per share were $0.75. Core revenue growth was 3%.

2. 02

   Fortive reported full-year 2023 revenue of $6.07 billion, up 4% from the prior year, net earnings of $866 million, and GAAP diluted earnings per share of $2.43. Full-year core revenue growth was 5%.

3. 03

   The company said it expects full-year 2024 revenue of $6.4 billion to $6.5 billion, GAAP diluted earnings per share of $2.58 to $2.70, and adjusted diluted earnings per share of $3.73 to $3.85. It also said the outlook includes the expected results of EA Holding GmbH.

4. 04

   Fortive reported full-year 2023 operating cash flow under GAAP of $1,353.6 million, and free cash flow, a non-GAAP measure, of $1,245.8 million after deducting capital expenditures of $107.8 million. As of December 31, 2023, cash and cash equivalents totaled $1,888.8 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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