The following is a summary of the Fortive Corporation (FTV) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Fortive reported a total revenue growth of 4% in Q1 2024, with adjusted earnings per share up 11% year-over-year.

• Free cash flow increased by 54% to $230 million, with predicted trailing 12 month free cash flow of $1.33 billion.

• The company has projected a core growth of 2-4% for the year and total growth of around 4.5-6%.

• Revenue from EA was about $35 million, offset by a $5 million tax.

Business Progress:

• The company depicted strong positions in its portfolio with the launch of novel products and has achieved a 5% IOS core growth.

• Advanced Healthcare Solutions saw a Q1 core growth of 6% and adjusted operating margins expanding by 200 points to 24.2%.

• Positive customer feedback was received for EA's product and technology and strong growth in Annual Recurring Revenue was reported.

• The company is making investments in artificial intelligence, particularly on the chip build-out and has started to grow revenues in tech, despite predictions of a decrease in Q2.

More details: Fortive IR

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