AI English summary of an SEC filing — figures as filed
Fortive FTVFortive said its operating profit margin for the quarter ended October 2, 2026 was 21.3%, up 580 basis points from 15.5% a year earlier. The company cited the prior year's stock-based compensation costs related to the Separation (+370 basis points) and tariff refunds (+160 basis points) as among the components.
Key points
AI summaryFortive said its operating profit margin for the quarter ended October 2, 2026 was 21.3%, up 580 basis points from 15.5% a year earlier. The company cited the prior year's stock-based compensation costs related to the Separation (+370 basis points) and tariff refunds (+160 basis points) as among the components.
Fortive said it submitted refund claims to U.S. Customs and Border Protection after the IEEPA Ruling and recognized $18.0 million and $22.5 million in Cost of sales for the 3-month and 9-month periods, respectively. The company said the recoverability, timing and amount of future refunds are uncertain.
Fortive said operating cash flow from continuing operations for the first 9 months of the year was $832 million, up $141 million from the prior-year period. The company cited a $107 million increase in its contribution from continuing operations net earnings as the main driver, which includes $22 million of tariff refunds received.
Fortive said it used cash of $708 million in financing activities from continuing operations for the first 9 months of the year. During the period, the company repurchased 17.2 million shares of common stock for about $1.0 billion and secured net proceeds of $1.1 billion from the issuance of its 2031 Notes and 2036 Notes.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Quarterly Operating Margin Change
Fortive said its operating profit margin for the quarter ended October 2, 2026 was 21.3%, up 580 basis points from 15.5% a year earlier. The company cited the prior year's stock-based compensation costs related to the Separation (+370 basis points) and tariff refunds (+160 basis points) as among the components.
Source · Based on the MD&A text of the filing
Recognition of IEEPA Tariff Refunds
Fortive said it submitted refund claims to U.S. Customs and Border Protection after the IEEPA Ruling and recognized $18.0 million and $22.5 million in Cost of sales for the 3-month and 9-month periods, respectively. The company said the recoverability, timing and amount of future refunds are uncertain.
Source · Based on the MD&A text of the filing
Operating Cash Flow for the First 9 Months
Fortive said operating cash flow from continuing operations for the first 9 months of the year was $832 million, up $141 million from the prior-year period. The company cited a $107 million increase in its contribution from continuing operations net earnings as the main driver, which includes $22 million of tariff refunds received.
Source · Based on the MD&A text of the filing
Financing Activities and Share Repurchases for the First 9 Months
Fortive said it used cash of $708 million in financing activities from continuing operations for the first 9 months of the year. During the period, the company repurchased 17.2 million shares of common stock for about $1.0 billion and secured net proceeds of $1.1 billion from the issuance of its 2031 Notes and 2036 Notes.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC 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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