Fortive (FTV) Tops Q4 EPS by 4c, Offers Guidance
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Fortive Reports Strong Fourth Quarter and Full Year 2022 Results; Introduces First Quarter and Full Year 2023 Outlook
February 1, 2023 7:30 AM ESTDelivered significant revenue growth, margin expansion, earnings and cash flow growth in 2022, all above the respective guidance set coming into the year Q4 total and core revenue growth of 11% and 14% respectively, all segments positively contributing Q4 GAAP EPS of $0.64; Adjusted EPS of $0.88, up 11%; operating cash flow of $464 million, up 62% and free cash flow of $428 million, up 62%, demonstrating robust compounding model Expect 2023 GAAP EPS of $2.30-$2.45, Up 10-17%; Adjusted EPS of $3.25-$3.40, Up 3-8%
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