Fortive Corporation (FTV) Bundle
A Brief History of Fortive Corporation (FTV)
Company Overview
Fortive Corporation is a diversified industrial technology company headquartered in Everett, Washington. Spun off from Danaher Corporation in 2016, the company operates across multiple segments.
Financial Performance
| Fiscal Year | Revenue | Net Income | Market Cap |
|---|---|---|---|
| 2023 | $9.4 billion | $1.2 billion | $26.7 billion |
Business Segments
- Intelligent Operating Solutions
- Professional Instrumentation
- Advanced Healthcare Solutions
Key Subsidiaries
- Fluke Corporation
- Tektronix
- AccruTech
- Gilbarco Veeder-Root
Stock Performance
| Stock Symbol | NYSE Price (2024) | 52-Week Range |
|---|---|---|
| FTV | $74.35 | $55.23 - $81.45 |
Operational Metrics
Employees: 21,500 (as of 2023)
Global Presence: Operations in 25 countries
Research and Development
R&D Investment: $520 million in 2023
A Who Owns Fortive Corporation (FTV)
Institutional Shareholders
As of Q4 2023, top institutional shareholders include:
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 27,456,763 | 10.52% |
| BlackRock Inc. | 23,987,542 | 9.19% |
| Artisan Partners Limited Partnership | 15,342,876 | 5.88% |
Major Shareholders
Key ownership details:
- Total Outstanding Shares: 261,500,000
- Insider Ownership: 0.6%
- Institutional Ownership: 89.4%
Executive Leadership Ownership
| Executive | Position | Shares Owned |
|---|---|---|
| James A. Lico | President & CEO | 342,765 |
| Charles E. McLaughlin | CFO | 87,543 |
Fortive Corporation (FTV) Mission Statement
Corporate Overview
Fortive Corporation (NYSE: FTV) reported total revenue of $8.3 billion in 2023. The company operates through six operating segments with 24,000 employees globally.
| Segment | Revenue | Percentage of Total |
|---|---|---|
| Intelligent Operating Solutions | $3.2 billion | 38.6% |
| Professional Instrumentation | $2.7 billion | 32.5% |
| Advanced Healthcare Solutions | $2.4 billion | 28.9% |
Mission Statement Components
Fortive's mission focuses on:
- Driving innovation in industrial technology
- Delivering high-performance solutions
- Creating value for shareholders
Strategic Priorities
Key strategic priorities include:
- Operational Excellence: Continuous improvement methodology
- Technology Investment: $612 million R&D investment in 2023
- Digital Transformation: Accelerating software and connected solutions
Financial Performance
| Metric | 2023 Value |
|---|---|
| Net Income | $1.1 billion |
| Operating Cash Flow | $1.5 billion |
| Return on Invested Capital | 12.4% |
How Fortive Corporation (FTV) Works
Corporate Overview
Fortive Corporation (NYSE: FTV) reported total revenue of $8.7 billion in 2023. Headquartered in Everett, Washington, the company operates across multiple industrial technology segments.
Business Segments
| Segment | 2023 Revenue | Key Products/Services |
|---|---|---|
| Intelligent Operating Solutions | $4.2 billion | Professional instrumentation, software solutions |
| Precision Technologies | $4.5 billion | Industrial automation, transportation technologies |
Financial Performance
Fortive's financial metrics for 2023 include:
- Net income: $1.1 billion
- Operating cash flow: $1.6 billion
- Research and development spending: $674 million
Global Presence
Fortive operates in over 30 countries, with approximately 23,000 employees worldwide. The company maintains manufacturing facilities in North America, Europe, and Asia.
Key Acquisitions
| Company | Acquisition Year | Transaction Value |
|---|---|---|
| Vontier Corporation Spinoff | 2020 | $5.7 billion |
| Gordian Group | 2022 | $575 million |
Technology Investment
Fortive invested 7.8% of revenue in research and development in 2023, focusing on digital transformation and industrial automation technologies.
How Fortive Corporation (FTV) Makes Money
Business Segments and Revenue Breakdown
Fortive Corporation generates revenue through four primary operating segments:
| Segment | 2023 Revenue | Primary Products/Services |
|---|---|---|
| Intelligent Operating Solutions | $4.3 billion | Professional instrumentation, software, and solutions |
| Precision Technologies | $2.9 billion | Advanced manufacturing technologies |
| Advanced Healthcare Solutions | $2.1 billion | Medical devices and healthcare technologies |
| Automation & Specialty Platform | $1.7 billion | Industrial automation and specialty equipment |
Key Revenue Streams
- Professional instrumentation sales: $3.2 billion
- Software and services: $1.8 billion
- Industrial automation equipment: $2.5 billion
- Healthcare technology solutions: $2.1 billion
Geographic Revenue Distribution
| Region | Percentage of Total Revenue |
|---|---|
| United States | 62% |
| Europe | 18% |
| Asia Pacific | 15% |
| Rest of World | 5% |
Financial Performance
Fortive Corporation reported total revenue of $11 billion in 2023, with a net income of $1.6 billion. The company's gross margin was 58.3%, and operating margin reached 22.7%.
Key Revenue Generating Brands
- Fluke (testing and measurement)
- Tektronix (test and measurement equipment)
- AccuTech (healthcare technologies)
- Gilbarco Veeder-Root (fuel dispensing systems)
- Industrial Scientific (industrial safety)
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