Fortive Corporation Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2022
July 28, 2022 at 07:30 am EDT
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Fortive Corporation reported earnings results for the second quarter and six months ended July 01, 2022. For the second quarter, the company reported sales was USD 1,463.3 million compared to USD 1,319.7 million a year ago. Net income was USD 173 million compared to USD 180.9 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.48 compared to USD 0.48 a year ago. Basic earnings per share was USD 0.48 compared to USD 0.48 a year ago. Diluted earnings per share was USD 0.48 compared to USD 0.48 a year ago.
For the six months, sales was USD 2,839.8 million compared to USD 2,578.9 million a year ago. Net income was USD 338.1 million compared to USD 291.1 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 0.93 compared to USD 0.76 a year ago. Basic earnings per share was USD 0.94 compared to USD 0.76 a year ago. Diluted earnings per share was USD 0.93 compared to USD 0.75 a year ago.
Fortive Corporation is a diversified group organized around 2 areas of activity:
- manufacturing of industrial components and technical equipment (64.8% of net sales): remote fuel management solutions for distribution and payment security, industrial robots, medical devices and automated precision control applications, diagnostic equipment, tire service equipment, etc. for the manufacturing, medical and transport sectors;
- manufacturing of professional measuring tools and instruments (35.2%): connected or offline management software solutions for industrial, electrical and sanitary infrastructure operation, tools, modules and solutions for product manufacturing, sensors and measuring systems.
Net sales are distributed geographically as follows: the United States (54.2%), China (11.5%), and other (34.3%).
FORTIVE CORPORATION 
