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Fortive Corp

Fortive Corp Q1 FY2026 earnings call

April 30, 2026 · fiscal period ended 2026-03

EPS · actual vs est

$0.70 / $0.64Beat +9.4%

Revenue · actual vs est

$1.07B / $1.04BBeat +3.0%
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Summary

Generated 2026-04-30

Management highlights

First, Q1 marked strong start with solid performance, core revenue growth over 5%, adjusted EBITDA growth 13%, adjusted EPS growth over 25%. Second, disciplined capital allocation, deployed ~$500M to share repurchases in Q1. Third, progress on Fortive Accelerator strategy pillars: delivering faster profitable organic growth via innovation, commercial focus on high growth areas, recurring customer value initiatives. Fourth, reaffirm full year adjusted EPS guidance $2.90 - $3.00, trending toward upper half.

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Segment performance

Intelligent Operating Solutions: Reported revenue grew about 8%, core revenue growth about 5%, Q1 adjusted EBITDA grew 8% to $255 million, adjusted EBITDA margin just over 34%. Advanced Healthcare Solutions: Total revenue $326 million, revenue grew ~8% y/y, core ~6% y/y, Q1 adjusted EBITDA up ~18% to $84 million, adjusted EBITDA margin just under 26%.

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Guidance

Reaffirms full year adjusted EPS guidance $2.90 to $3.00, trends toward upper half. Expect Q2 and Q3 adjusted EPS broadly similar to Q1. Q4 has $15M - $20M revenue headwind due to fewer selling days. FX and M&A to be ~150 basis point tailwind in Q2, moderating later. Modeling effective tax rates for Q2 mid-teens, Q3 high-teens, Q4 high single-digit to low double-digit.

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Risks

Forward-looking statements subject to risks where actual results may differ, information on risk factors in SEC filings.

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Q&A highlights

Q: By the way, Mark, thanks for the call out on the selling days...

A: Nigel, thanks for the question...

Q: There were a number of references about data center and Fluke...

A: Thanks, Deane...

Q: Maybe I wondered if you could flesh out perhaps some of the commentary on the orders strength...

A: Great, Julian, happy to take that...

Q: If I can follow up on AHS...

A: Happy to address that...

Q: Thanks for taking my question. So I just want to reiterate that you are guiding to a similar level for Q2...

A: Thanks for the question...

Q: Thanks for taking my question. So I just want to check on M&A...

A: Thanks for the question...

Q: Hi, thanks. Question on Gordian...

A: Yes, thanks for the question...

Q: Thanks for taking my question. I just have a quick follow-up on FAL...

A: FAL performed very well...

Q: The old Fortive talked a lot about OMX and how FBS poured productivity into that...

A: Thanks for the question...

View in transcript ↓

Key numbers

Reported versus consensus

Earnings calendar feed

MetricReportedConsensusDeltaPrior year
EPS$0.70$0.64+9.4%$0.85
Revenue$1.07B$1.04B+3.0%$1.47B

Transcript

April 30, 2026

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Prior quarters

This page presents the stored structured earnings-call summary and deterministic earnings calendar values. How this is generated. For informational purposes only; not investment advice.