AI English summary of an SEC filing — figures as filed
Fortive FTVThe company said its operating profit margin for Q3 2024 was 19.3%, down 20 basis points from 19.5% a year earlier, while its year-to-date operating profit margin was 19.5%, up 110 basis points from 18.4% in the comparable period.
Key points
AI summaryThe company said its operating profit margin for Q3 2024 was 19.3%, down 20 basis points from 19.5% a year earlier, while its year-to-date operating profit margin was 19.5%, up 110 basis points from 18.4% in the comparable period.
The company said operating profit margin for Q3 rose by 110 basis points in IOS and 430 basis points in AHS and fell by 340 basis points in PT. In the PT segment, it cited the net effect of acquired and divested businesses as an unfavorable 315 basis points impact.
Fortive said operating cash flow for the year-to-date period rose $118 million to $1.02 billion, up 13.0%. Cash used in investing activities increased by $1.68 billion. The company cited acquisitions in 2024, net of cash acquired, of $1.72 billion as the main factor.
The company said that in February 2024, it issued 2026 Notes and 2029 Notes, raising about $1.3 billion net, and used the proceeds to repay $1.0 billion of its Delayed-Draw Term Loan. It also said it repurchased 5.8 million shares for about $423 million year to date.
Key figures
Quarter ended September 27, 2024
- Revenue
- $1.5B
- Operating income
- $296M
- Net income
- $222M
- EPS
- $0.63
- Gross profit
- $921M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Quarterly and Year-to-Date Operating Margin Changes
The company said its operating profit margin for Q3 2024 was 19.3%, down 20 basis points from 19.5% a year earlier, while its year-to-date operating profit margin was 19.5%, up 110 basis points from 18.4% in the comparable period.
Source · Based on the MD&A text of the filing
Operating Margin Changes by Segment for Q3
The company said operating profit margin for Q3 rose by 110 basis points in IOS and 430 basis points in AHS and fell by 340 basis points in PT. In the PT segment, it cited the net effect of acquired and divested businesses as an unfavorable 315 basis points impact.
Source · Based on the MD&A text of the filing
Year-to-Date Operating Cash Flow and Investing Activities
Fortive said operating cash flow for the year-to-date period rose $118 million to $1.02 billion, up 13.0%. Cash used in investing activities increased by $1.68 billion. The company cited acquisitions in 2024, net of cash acquired, of $1.72 billion as the main factor.
Source · Based on the MD&A text of the filing
Year-to-Date Borrowing, Repayment and Share Repurchases
The company said that in February 2024, it issued 2026 Notes and 2029 Notes, raising about $1.3 billion net, and used the proceeds to repay $1.0 billion of its Delayed-Draw Term Loan. It also said it repurchased 5.8 million shares for about $423 million year to date.
Source · Based on the MD&A text of the filing
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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