Fortive said operating profit margin in 2024 was 19.4%, an increase of 70 basis points compared to 18.7% in 2023. The company cited volume declines in certain PT segment businesses and acquisition and separation-related transaction costs as offsetting factors.

1. 01

   Fortive said operating profit margin in 2024 was 19.4%, an increase of 70 basis points compared to 18.7% in 2023. The company cited volume declines in certain PT segment businesses and acquisition and separation-related transaction costs as offsetting factors.

2. 02

   Fortive said operating profit margin in 2024 increased 190 basis points in IOS and 380 basis points in AHS, while PT decreased 210 basis points. The company cited net volume reductions in the PT segment and transaction costs related to the EA acquisition as factors in the decline.

3. 03

   Fortive said operating cash flow in 2024 was $1.5 billion, an increase of $173 million, or 12.8%, compared to 2023. The company said operating cash flow, adjusted for non-cash items from net income, increased $35 million.

4. 04

   Fortive said financing activities in 2024 used $793 million in cash, repurchased 12 million shares for approximately $890 million, and raised net proceeds of approximately $1.3 billion through the issuance of bonds maturing in 2026 and 2029.

Key figures

Fiscal year ended December 31, 2024

Revenue

$6.2B

Operating income

$1.2B

Net income

$833M

EPS

$2.36

Gross profit

$3.7B

Operating cash flow

$1.5B

Analysis 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.

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.