Fortive Corporation · NYSE:FTV
Fortive — Q1 2026 Earnings Presentation
20 slides from Fortive's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Earnings
First Quarter 2026 Earnings EARNINGS PRESENTATION April 30, 2026
Slide 2: Forward Looking Statements and Non-GAAP Financial Measures
Forward Looking Statements and Non-GAAP Financial Measures FORWARD-LOOKING STATEMENTS Statements in this presentation that are not strictly historical, including statements regarding anticipated financial results, global and regional economic conditions, industry trends, geopolitical events, anticip
Slide 3: Key Messages
Strong Q1 performance reflects continued solid execution Key Messages 1 at new Fortive, with core growth of just over 5% and adjusted EPS growth of ~25% Q1 growth benefited from ~150 basis point tailwind from additional year-over-year selling days ~$500M of share repurchases in Q1 demonstrates 2 con
Slide 4: Fortive Accelerated Strategy
Fortive Accelerated Strategy 1 2 3 Faster Profitable Disciplined Capital Build and Maintain Organic Growth Allocation Investor Trust • Innovation Acceleration • Invest in organic growth • Clear expectations and consistent • Commercial Acceleration • Smaller bolt-on M&A delivery • Recurring Customer
Slide 5: Fortive Results
Fortive Results Q1 2026 COMMENTARY • Core growth of ~5% driven by price and Q1 2026 volume growth at both segments Q1 growth benefited from ~150 bps tailwind from Revenue $1,069.4M additional year-over-year selling days Reported Growth +7.7% Core Growth +5.3% • Adjusted Gross Margin of ~63%, with ye
Slide 6: Intelligent Operating Solutions
Intelligent Operating Solutions Q1 2026 COMMENTARY Q1 2026 • Core revenue growth of ~5%, solid performance in professional Revenue $743.2M instrumentation, Facilities and Asset Reported Growth +7.6% Lifecycle solutions and gas detection Core Growth +5.2% Q1 IOS growth benefited from ~100 bps tailwin
Slide 7: Advanced Healthcare Solutions
Advanced Healthcare Solutions Q1 2026 COMMENTARY Q1 2026 • Core revenue growth of ~6%, driven by solid demand for healthcare Revenue $326.2M consumables, services and software Reported Growth +7.9% Q1 AHS growth benefited from ~300 bps Core Growth +5.8% tailwind from additional year-over-year sellin
Slide 8: Balance Sheet & Capital Allocation
Balance Sheet & Capital Allocation Q1 2026 COMMENTARY Balance Sheet As of April 3, 2026 • Deployed ~$500M towards share Cash and equivalents $0.36B repurchase in Q1, representing ~9M Gross Debt, principal amounts $3.50B shares (~3% of diluted shares outstanding) at an average price of Net Debt $3.14
Slide 9: FY 2026 Guidance
FY 2026 Guidance Adj. EPS | FY 2026 $2.90 to $3.00 Guidance as of date of Q2 2026 earnings call: April 30, 2026. 9
Slide 10: Fortive Accelerated
Fortive Accelerated Innovating essential technologies to keep our world safe and productive 10
Slide 11: Appendix & Supplemental Reconciliation Data
Appendix & Supplemental Reconciliation Data 11
Slide 12: Core Revenue Growth
CORE REVENUE GROWTH Three Months Ended April 3, 2026 Intelligent Advanced Operating Healthcare Total Fortive Solutions Solutions Total revenue growth (GAAP) 7.6 % 7.9 % 7.7 % Excluding impact of: Acquisitions and divestitures 0.1 % —% —% Currency exchange rates (2.5)% (2.1)% (2.4)% Core revenue grow
Slide 13: Adjusted Gross Profit and Adjusted Gross Profit Margin
ADJUSTED GROSS PROFIT AND ADJUSTED GROSS PROFIT MARGIN Three Months Ended April 3, 2026 Three Months Ended March 28, 2025 $ in millions Intelligent Advanced Total Intelligent Advanced Total Operating Healthcare Fortive Operating Healthcare Fortive Solutions Solutions Solutions Solutions Revenue (GAA
Slide 14: Adjusted EBITDA and Adjusted EBITDA Margin from Continuing Operations
ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN FROM CONTINUING OPERATIONS Three Months Ended $ in millions April 3, 2026 December 31, 2025 September 26, 2025 June 27, 2025 March 28, 2025 Revenue (GAAP) $ 1,069.4 $ 1,122.5 $ 1,027.2 $ 1,016.4 $ 993.1 Net Earnings from Continuing Operations (GAAP) $ 136.4
Slide 15: Operating Profit to Adjusted EBITDA Margin Bridge
FORTIVE CONTINUING OPERATIONS: OPERATING PROFIT & OPERATING PROFIT MARGIN TO ADJUSTED EBITDA AND ADJUSTED MARGIN BRIDGE Three Months Ended $ in millions April 3, 2026 March 28, 2025 Revenue (GAAP) $ 1,069.4 $ 993.1 Operating Profit (GAAP) $ 191.7 $ 165.3 Amortization of acquisition-related intangibl
Slide 16: Segment Adjusted EBITDA and Segment Adjusted EBITDA Margin
SEGMENT ADJUSTED EBITDA AND SEGMENT ADJUSTED EBITDA MARGIN Three Months Ended April 3, 2026 Three Months Ended March 28, 2025 $ in millions Intelligent Advanced Corporate Total Intelligent Advanced Corporate Total Operating Healthcare Fortive Operating Healthcare Fortive Solutions Solutions Solution
Slide 17: Adjusted Net Earnings and Adjusted Diluted Net EPS
ADJUSTED NET EARNINGS AND ADJUSTED DILUTED NET EPS FROM CONTINUING OPERATIONS Three Months Ended $ in millions, except per share amounts April 3, 2026 March 28, 2025 Per share Per share value value Net Earnings and Net Earnings Per Share from Continuing Operations (GAAP) $ 136.4 $ 0.44 $ 112.6 $ 0.3
Slide 18: Debt Principal, Net Debt, and Leverage
DEBT PRINCIPAL, NET DEBT, AND LEVERAGE $ in millions April 3, 2026 Current portion of long-term debt, carrying value $ 899.8 Long-term debt, carrying value 2,589.3 Debt, net carrying value (GAAP) 3,489.1 Plus: Aggregate unamortized debt discounts, premiums, and issuance costs 8.3 Debt, principal amo
Slide 19: Free Cash Flow from Continuing Operations
FREE CASH FLOW FROM CONTINUING OPERATIONS Three Months Ended Trailing Twelve $ in millions April 3, 2026 December 31, 2025 September 26, 2025 June 27, 2025 Months Operating Cash Flows from Continuing Operations (GAAP) $ 220.4 $ 344.2 $ 294.7 $ 205.0 $ 1,064.3 Less: Purchases of property, plant & equ
Slide 20: @ FORTIVE ©Fortive2026
@ FORTIVE ©Fortive2026 20