Fortive said revenue for Q2 2024 (ended June 28, 2024) was $1,552.4 million, net earnings were $195.1 million, and diluted earnings per share were $0.55. In the same quarter last year, revenue was $1,526.4 million, net earnings were $209.0 million, and diluted earnings per share were $0.59.

1. 01

   Fortive said revenue for Q2 2024 (ended June 28, 2024) was $1,552.4 million, net earnings were $195.1 million, and diluted earnings per share were $0.55. In the same quarter last year, revenue was $1,526.4 million, net earnings were $209.0 million, and diluted earnings per share were $0.59.

2. 02

   The company said its GAAP operating profit margin for Q2 was 19.4% and its adjusted operating profit margin (non-GAAP) was 26.9%, compared with 26.0% a year earlier. Adjusted diluted earnings per share were $0.93, versus $0.85 a year earlier.

3. 03

   Fortive said operating cash flow for Q2 was $308.9 million, down 3.8% year over year, and free cash flow (non-GAAP), which is operating cash flow less capital expenditures of $29.2 million, was $279.7 million, down 6.8%.

4. 04

   The company said it expects full-year 2024 revenue of approximately $6.25 billion to $6.30 billion, diluted earnings per share of $2.68 to $2.74, and adjusted diluted earnings per share of $3.80 to $3.86. It expects revenue for Q3 of approximately $1.55 billion.

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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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