2023-05-25 07:37:56 ET
At its 2023 Investor Day on Thursday, Fortive ( NYSE: FTV ) reaffirmed guidance for Q2 and the full year, and said by 2028 it expects adjusted earnings of ~$6.75/share and free cash flow of more than $2.3B.
For Q2, Fortive ( FTV ) continues to anticipate revenue of ~$1.5B and adjusted EPS of $0.78-$0.82, in line with analyst consensus estimates of $1.51B and $0.80, respectively.
For the full year, the company sees revenues of $6B-$6.1B and adjusted EPS of $3.29-$3.40, in line with consensus of $6.06B and $3.35, respectively.
"We expect to roughly double earnings and free cash flow by 2028, affording us ample opportunities to further accelerate our strategy and unlock value for shareholders," President and CEO James Lico said.
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Fortive sees in-line Q2, full-year results; provides longer term guidance