NEW YORK - Fortive Corporation (NYSE:FTV) shares tumbled -3.72% in after-hours trading on Friday after the industrial technology company reported fourth-quarter revenue that missed analyst estimates and provided weaker-than-expected guidance for 2025.
The Everett, Washington-based company posted Q4 revenue of $1.62 billion, up 2.3% YoY but slightly below the consensus estimate of $1.63 billion. Adjusted earnings per share came in at $1.17, beating expectations of $1.12.
For the full year 2025, Fortive forecasts revenue of $6.23-$6.35 billion, below Wall Street’s projection of $6.47 billion. The company expects adjusted EPS of $4.00-$4.12, compared to the $4.12 consensus estimate.
"Our fourth quarter results once again demonstrated strong execution despite the mixed macro environment, leading to better-than-expected core growth, earnings, and free cash flow," said James A. Lico, President and CEO of Fortive.
However, investors appeared focused on the soft outlook. Fortive’s Q1 2025 revenue guidance of $1.48-$1.51 billion fell short of analysts’ $1.56 billion estimate. The company projects Q1 adjusted EPS of $0.83-$0.86, below the $0.89 consensus.
Fortive said it saw strong order growth across all segments in Q4, including double-digit growth in its Precision Technologies unit for the second straight quarter. The company expects to complete the planned separation of its Precision Technologies business in early Q3 2025.
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