Fortive Corporation (NYSE:FTV) shares climbed nearly 6% in premarket trading Wednesday after the technology and industrial solutions company delivered stronger-than-expected third-quarter results and raised its full-year profit forecast, supported by solid execution across its business segments.
Fortive reported adjusted earnings of $0.68 per share, well above the analyst consensus of $0.57, while revenue rose 2.3% year over year to $1.03 billion, topping expectations of $1.01 billion. On a core basis, revenue grew 1.9% compared with the prior year.
“Fortive delivered solid results in our first quarter as a simpler, more focused company,” said Olumide Soroye, the company’s President and CEO. “Our team delivered results ahead of our expectations across all key financial metrics, including core revenue growth, adjusted EBITDA growth, and adjusted EPS growth, reflecting the strength of our operating brands and the power of the Fortive Business System.”
The Intelligent Operating Solutions division — Fortive’s largest segment, accounting for about 68% of total revenue — saw sales climb 2.6% to $698.8 million, with core growth of 2.2%. Meanwhile, the Advanced Healthcare Solutions unit reported a 1.9% revenue increase to $328.3 million, supported by 1.1% core growth.
Profitability improved meaningfully, with the company’s adjusted EBITDA margin expanding to 30.1%, up 220 basis points from 27.9% a year earlier. Fortive also posted free cash flow of $266 million, underscoring strong cash generation during the quarter.
Following the results, management raised its full-year 2025 adjusted EPS guidance to a range of $2.63 to $2.67, compared with the previous outlook of $2.50 to $2.60.
During the quarter, Fortive also continued to return capital to shareholders, repurchasing approximately 21 million shares for a total of $1 billion, representing roughly 6% of its diluted share count.
“We are executing our Fortive Accelerated strategy with urgency – through profitable growth acceleration powered by FBS Amplified, disciplined capital allocation, and a commitment to building investor trust,” Soroye added.