Fortive Corporation Reports Weak Q4 Sales, Expects Strong Organic Growth in 2022
<p><a href='https://financialmodelingprep.com/financial-summary/FTV'>Fortive Corporation (NYSE:FTV) </a>reported its Q4 results last week, with adjusted EPS coming in slightly below consensus estimates (after adjusting for tax), mainly driven by weak sales, which were 5% below the consensus estimate. Sales miss was the biggest surprise of the quarter.</p>
<p>Core growth was up just 1% due to COVID-related challenges. Software-enabled businesses showed double digits growth, and the company managed its margins well despite the environment.</p>
<p>The company provided its outlook for 2022, expecting EPS in the range of $3.00-$3.13, compared to the consensus estimate of $3.10 while anticipating strong organic growth of around 7.5%. Analysts at Berenberg Bank believe that the company is conservative on margins, which have room to expand in the second half of the year.</p>

NYSE:FTV