Fortive Corporation
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Olumide O. Soroye
- Full Time Employees
- 10,000
- Sector
- Electronic technology
- Industry
- Electronic equipment/Instruments
- Address
- 6920 Seaway Boulevard Everett WA United States 98203
- IPO Date
- Jun 13, 2016
- CIK
- 0001659166
- Website
- fortive.com
- Similar Companies
- Business
- Fortive Corporation (NYSE: FTV) is a diversified industrial technology company that designs, develops, manufactures, markets and services professional and engineered products, software and services worldwide. The company operates through two strategic segments, Intelligent Operating Solutions and Advanced Healthcare Solutions; the former provides advanced instrumentation including electrical test and measurement tools, facility and asset lifecycle software, connected worker safety solutions, online condition-based monitoring, portable gas detection equipment, subscription-based technical services, product realization services, materials components and sensing devices; the latter offers critical workflow solutions encompassing instrument sterilization and tracking, cell therapy equipment design and manufacture, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software. Fortive markets its offerings under prominent brands such as Fluke, Fluke Biomedical, Fluke Networks, Accruent, Gordian, Industrial Scientific, Landauer, Qualitrol, Invetech, Keithley, Pacific Scientific, Sonix, Tektronix, ASP, Censis, CensiTrac, EVOtech, Provation, RaySafe and Sterrad. Headquartered in Everett, Washington, the company was spun off from Danaher Corporation in 2016 and employs over 18,000 people across approximately 50 countries, serving industries including manufacturing, utilities, healthcare, energy, construction, public safety and mining. In recent strategic developments, Fortive announces plans in September 2024 to separate its Precision Technologies segment into a new independent public company named Ralliant, expected to complete in the fourth quarter of 2025, allowing Fortive to concentrate on its resilient, high-quality recurring growth portfolio in Intelligent Operating Solutions and Advanced Healthcare Solutions; the company pursues bolt-on acquisitions such as Intelex Technologies in environmental health and safety software, Gordian Group in construction management and Measurement Technologies in industrial precision measurement during 2023; maintains active joint ventures including those with Rockwell Automation in industrial automation and partnerships with Microsoft Azure, Salesforce and SAP for software integration; and commits significant capital deployment through $1 billion in share repurchases in 2025 alongside quarterly dividends.
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