Fortive Stock Soars 8%, Adding $1.5 Billion, As Company Raises Full-Year Profit Outlook
The industrial-technology company lifted its 2026 adjusted earnings forecast and posted faster third-quarter sales growth, and shares hit a 52-week high.
Fortive, which sells instruments, software and services for workplace safety and healthcare, saw its shares climb 8.15% to $66.64 in Wednesday trading, as of 10:17 a.m. ET, adding $1.5 billion in market value and touching a new 52-week high. The move came on the day the company raised its 2026 adjusted earnings guidance and reported faster third-quarter sales growth.
A higher profit range
Fortive raised its full-year adjusted earnings guidance to $3.10 to $3.14 per share, a range it said is up about 15% at the midpoint from last year.
Third-quarter adjusted earnings were $0.77 per share, up 13.2% from $0.68 a year earlier. Revenue of $1.11 billion rose 7.8% as reported and 7.2% on a core basis, the company said.
Free cash flow for the quarter was $284 million, up from $266 million a year earlier, the company reported.
CEO Olumide Soroye said the quarter marked a fifth straight quarter of double-digit adjusted earnings growth.
Buybacks and a seven-day run
Fortive spent about $300 million on share repurchases in the quarter, retiring about 5 million shares, or about 2% of diluted shares outstanding, according to the company. Repurchases since the launch of the new Fortive total about $2.3 billion, or about 13% of shares outstanding.
The stock was on pace for its seventh straight daily gain and its biggest one-day gain since Feb. 4, when it rose 10.6%. Before Wednesday, shares were up about 12% year to date at Tuesday's close, slightly trailing the S&P 500, up about 13% over the same span.
Two segments, many industries
Fortive reports in two segments. Intelligent Operating Solutions sells test and measurement instruments, facility and asset software, and connected worker safety tools under brands such as Fluke and Industrial Scientific. Advanced Healthcare Solutions supplies healthcare providers with sterilization and tracking, biomedical test tools, radiation detection and clinical software, under brands including Advanced Sterilization Products and Provation.
At $66.64, Fortive's market value stood at $20.1 billion in Wednesday trading.
Sources
- Fortive (FTV) Stock Looks Like A Bargain On Cash Flow — Yahoo Finance
- Fortive Non-GAAP EPS of $0.77 beats by $0.07, revenue of $1.11B beats by $40M, raises FY guidance (FTV:NYSE) — seekingalpha.com
- Fortive Reports Third Quarter 2026 Results – Company Announcement - FT.com — Financial Times
- Fortive Corp. (NYSE:FTV) : Articles :: Law360 — law360.com
- Accruent Launches Lucernex ATLAS to Turn Lease Documents into Verified, Actionable Data – Company Announcement - FT.com — Financial Times
- The company's filing (Fortive Corp.) — SEC filing
- Fortive Corp. — Form 10-Q for the quarter ended 2026-10-02 (quarterly results) — SEC EDGAR
