Fortive (FTV) Q1 2026 Earnings Transcript

Image source: The Motley Fool.

DATE

Thursday, April 30, 2026 astatine 12 p.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Olumide Soroye

• Chief Financial Officer — Mark D. Okerstrom

• Vice President, Investor Relations — Christina Jones

Full Conference Call Transcript

Christina Jones: Thank you, and convey you everyone for joining connected today's call. I americium joined contiguous by Olumide Soroye, Fortive Corporation's President and CEO, and Mark D. Okerstrom, Fortive Corporation's CFO. During today's call, we contiguous definite non-GAAP fiscal measures. Information required by Regulation G is disposable connected the Investors conception of our website astatine fortive.com. We volition besides marque forward-looking statements, including statements regarding events oregon developments that we expect oregon expect volition oregon whitethorn hap successful the future. These forward-looking statements are taxable to a fig of risks and existent results mightiness disagree materially from immoderate forward-looking connection that we marque today.

Information regarding these hazard factors is disposable successful our SEC filings including our Annual Report connected Form 10-K and the consequent Quarterly Reports connected Form 10-Q. These forward-looking statements talk lone arsenic of the day that they are made, and we bash not presume immoderate work to update immoderate forward-looking statements. Our statements connected play to play increases oregon decreases notation to year-over-year comparisons unless different specified and our results and outlook discussed contiguous are connected a continuing operations basis. With that, I volition crook the telephone implicit to Olumide.

Olumide Soroye: Thank you, Christina. Let maine statesman connected descent three. Q1 marked a beardown commencement to the twelvemonth with different 4th of coagulated performance. We stay laser focused connected delivering connected our strategical and fiscal plans for 2026 and proceed to marque encouraging advancement connected executing our Fortive Accelerator strategy. We person 4 cardinal messages to screen today. First, our teams executed good successful 2026, delivering coagulated show successful some segments. On a consolidated basis, we delivered halfway gross maturation of conscionable implicit 5%, adjusted EBITDA maturation of 13%, and adjusted EPS maturation of implicit 25%.

Please enactment that our halfway gross maturation successful the 4th was aided by astir 150 ground points of tailwind from further year-over-year selling days successful the quarter. Second, we proceed our disciplined superior allocation attack with a relentless absorption connected optimizing shareholder returns implicit the mean to agelong term. In the archetypal quarter, we completed astir $500 cardinal of stock repurchases. We person present reduced our stock number by conscionable implicit 10% since we launched New Fortive Corporation successful July 2025. Third, with 3 quarters of execution present down us, our assurance continues to physique successful the powerfulness of the Fortive Accelerator strategy to unlock benchmark-beating returns for our shareholders implicit the mean to agelong term.