AI English summary of an SEC filing — figures as filed
Fortive FTVFortive said it furnished, as Exhibit 99.1, financial information for its Precision Technologies segment, assuming it is treated as a discontinued operation, in connection with the separation of Ralliant ahead of its Investor Day. It said the separation is expected to be completed through a distribution to shareholders on June 28, 2025.
Key points
AI summaryFortive said it furnished, as Exhibit 99.1, financial information for its Precision Technologies segment, assuming it is treated as a discontinued operation, in connection with the separation of Ralliant ahead of its Investor Day. It said the separation is expected to be completed through a distribution to shareholders on June 28, 2025.
The company presented total sales of $993.1 million, GAAP operating profit of $165.3 million and net earnings from continuing operations of $112.6 million for the quarter ended March 28, 2025 on Q1 2025, assuming Ralliant is treated as a discontinued operation.
The company reported adjusted operating profit of $259.9 million, adjusted EBITDA of $277.1 million and free cash flow of $170.7 million for Q1 2025, along with core growth of 2.2%. Core growth was 4.5% in Q4 2024.
The company presented cash and equivalents of $885.9 million, current portion of long-term debt due within 1 year of $933.8 million and long-term debt of $2,929.1 million as of March 28, 2025, on a balance sheet assuming Ralliant is treated as a discontinued operation.
Summary
AI-writtenAnalysis 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.
Fortive Releases Supplemental Results Assuming Ralliant Spin-Off as Discontinued Operations
Fortive said it furnished, as Exhibit 99.1, financial information for its Precision Technologies segment, assuming it is treated as a discontinued operation, in connection with the separation of Ralliant ahead of its Investor Day. It said the separation is expected to be completed through a distribution to shareholders on June 28, 2025.
Source · Based on the filing body and exhibits
Q1 2025 Sales and Operating Profit, Discontinued Operations Basis
The company presented total sales of $993.1 million, GAAP operating profit of $165.3 million and net earnings from continuing operations of $112.6 million for the quarter ended March 28, 2025 on Q1 2025, assuming Ralliant is treated as a discontinued operation.
Source · Based on the filing body and exhibits
Q1 2025 Non-GAAP Measures and Core Growth
The company reported adjusted operating profit of $259.9 million, adjusted EBITDA of $277.1 million and free cash flow of $170.7 million for Q1 2025, along with core growth of 2.2%. Core growth was 4.5% in Q4 2024.
Source · Based on the filing body and exhibits
Cash and Debt Balances as of March 28, 2025
The company presented cash and equivalents of $885.9 million, current portion of long-term debt due within 1 year of $933.8 million and long-term debt of $2,929.1 million as of March 28, 2025, on a balance sheet assuming Ralliant is treated as a discontinued operation.
Source · Based on the filing body and exhibits
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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