FTV

EX-99.1

2 q12026-ex991.htm

EX-99.1

Document

Exhibit 99.1

Fortive Reports First Quarter 2026 Results

•Delivered Q1 2026 GAAP diluted net EPS of $0.44 and adjusted diluted net EPS of $0.70

•Q1 reported revenue grew 7.7% year-over-year on a reported basis and 5.3% on a core basis, with revenue growth benefiting from an ~150 basis point tailwind from additional year-over-year selling days in the quarter

•Completed ~$500 million of share repurchases in Q1, representing ~9 million shares or ~3% of diluted shares outstanding

•Solid progress on our Fortive Accelerated strategy; medium-term financial framework solidly intact

•Reaffirming our FY 2026 adjusted EPS guidance range of $2.90 to $3.00; currently trending toward the upper half of the range

EVERETT, WA, April 30, 2026 - Fortive Corporation (“Fortive”) (NYSE: FTV) today announced financial results for the first quarter of 2026.

“Q1 represented a strong start to the year and another quarter of solid execution by our team. We delivered core revenue growth of ~5%, adjusted EBITDA growth of ~13%, and adjusted EPS growth of ~25%. This solid performance reflects underlying strength in demand for our market-leading products, encouraging progress in the execution of our Fortive Accelerated strategy, and a continued focus on financial discipline and Fortive Business System (FBS) operational rigor. We continued to deliver on our commitment to disciplined capital allocation by completing an additional ~$500 million of share repurchases in the quarter, bringing our total buybacks in the three quarters since launching new Fortive to ~$1.8 billion,” said Olumide Soroye, President and CEO.

“Looking ahead, we are reaffirming our full-year 2026 adjusted EPS guidance range of $2.90 to $3.00, and we are currently trending toward the upper half of the range. We are encouraged by early progress on all three pillars of our Fortive Accelerated strategy: profitable organic growth acceleration powered by FBS Amplified, disciplined capital allocation with a focus on best relative returns, and a commitment to building and maintaining investor trust. We remain firmly on track to deliver on our medium-term financial framework and our progress to date boosts our excitement about the significant shareholder value creation opportunity in front of us,” Mr. Soroye concluded.

Financial Highlights for First Quarter 2026, Continuing Operations

•Revenue of $1.07 billion, up 7.7% year-over-year; core revenue up 5.3%

•GAAP net earnings of $136 million, up 21.1% year-over-year, GAAP net earnings margin of 12.8%; adjusted EBITDA of $314 million, up 13.2% year-over-year, adjusted EBITDA margin of 29.3%

•GAAP diluted net EPS of $0.44, up 33.3% year-over-year; adjusted diluted net EPS of $0.70, up 25.4% year-over-year

•GAAP operating cash flow of $220 million; Free Cash Flow of $194 million

•Deployed ~$500 million towards share repurchases

FY 2026 Guidance

For FY 2026, Fortive continues to expect adjusted diluted net earnings per share of $2.90 to $3.00.

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Summary Financial Results, Continuing Operations

Fortive Continuing Operations

Q1-26

Q1-25

Variance

Revenue

$1,069M$993M

7.7% / 5.3% (reported / core)

GAAP Net Earnings

$136M$113M21.1%

GAAP Net Earnings margin 12.8%11.3%150 bps

Adj. EBITDA

$314M$277M13.2%

Adj. EBITDA margin 29.3%27.9%140 bps

GAAP diluted net earnings per share $0.44$0.3333.3%

Adj. diluted net earnings per share $0.70$0.5525.4%

GAAP Operating cash flow

$220M$192M14.9%

Free cash flow

$194M$171M13.5%

Percentages presented may not recalculate based on the amounts shown due to rounding.

Summary Financial Results by Segment, Continuing Operations

Intelligent Operating Solutions

Q1-26

Q1-25

Variance

Revenue

$743M$691M

7.6% / 5.2% (reported / core)

GAAP Operating profit

$186M$175M6.6%

GAAP Operating margin 25.1%25.3%(20) bps

Adj. EBITDA

$255M$236M8.0%

Adj. EBITDA margin 34.3%34.2%10 bps

Advanced Healthcare Solutions

Q1-26

Q1-25

Variance

Revenue

$326M$302M

7.9% / 5.8% (reported / core)

GAAP Operating profit

$33M$22M50.7%

GAAP Operating margin 10.0%7.2%280 bps

Adj. EBITDA

$84M$71M17.7%

Adj. EBITDA margin 25.7%23.6%210 bps

PRECISION TECHNOLOGIES SEPARATION

On June 28, 2025 (the “Distribution Date”), the Company completed the separation (the “Separation” or the “PT Separation”) of its former Precision Technologies segment by distributing to Fortive shareholders on a pro rata basis all of the issued and outstanding common stock of Ralliant Corporation (“Ralliant”), the entity incorporated to hold the PT businesses. The requirements for reporting the Ralliant business as discontinued operations were met upon completion of the PT Separation. Unless otherwise indicated, all amounts herein refer to continuing operations.

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CONFERENCE CALL DETAILS

Fortive will discuss results and outlook during its quarterly investor conference call today starting at 12:00 p.m. ET. The call and an accompanying slide presentation will be webcast on the “Invest

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 4, 2026

Fortive Corporation (Exact Name of Registrant as Specified in Its Charter)

Delaware (State or Other Jurisdiction of Incorporation)

001-37654 47-5654583 (Commission File Number) (IRS Employer Identification No.)

6920 Seaway Blvd Everett,WA98203

(Address of principal executive offices)(Zip code)

(425) 446-5000 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading symbolName of each exchange on which registered Common stock, par value $0.01 per shareFTVNew York Stock Exchange 3.700% Notes due 2026

FTV26A

New York Stock Exchange

3.700% Notes due 2029

FTV29

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition On February 4, 2026, Fortive Corporation (the "Company") issued a press release announcing financial results for the quarter and year ended December 31, 2025. A copy of the release is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The information set forth in this Item 2.02 of this Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 are being furnished pursuant to Item 2.02 of Form 8-K. This Item 2.02 of this Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

(d)Exhibits:

Exhibit No.  Description

99.1Press release dated February 4, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FORTIVE CORPORATION

Date:February 4, 2026By:/s/ Daniel B. Kim Daniel B. Kim Vice President - Associate General Counsel and Secretary

ftv-20251029false000165916600016591662025-10-292025-10-290001659166ftv:EuroDenominatedSeniorNotes3Point7PercentDue2026Member2025-10-292025-10-290001659166ftv:EuroDenominatedSeniorNotes3Point7PercentDue2029Member2025-10-292025-10-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 29, 2025

Fortive Corporation (Exact Name of Registrant as Specified in Its Charter)

Delaware (State or Other Jurisdiction of Incorporation)

001-37654 47-5654583 (Commission File Number) (IRS Employer Identification No.)

6920 Seaway Blvd Everett,WA98203

(Address of principal executive offices)(Zip code)

(425) 446-5000 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading symbolName of each exchange on which registered Common stock, par value $0.01 per shareFTVNew York Stock Exchange 3.700% Notes due 2026

FTV26A

New York Stock Exchange

3.700% Notes due 2029

FTV29

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition On October 29, 2025, Fortive Corporation (the "Company") issued a press release announcing financial results for the quarter ended September 26, 2025. A copy of the release is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The information set forth in this Item 2.02 of this Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 are being furnished pursuant to Item 2.02 of Form 8-K. This Item 2.02 of this Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

(d)Exhibits:

Exhibit No.  Description

99.1Press release dated October 29, 2025

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FORTIVE CORPORATION

Date:October 29, 2025By:/s/ Daniel B. Kim Daniel B. Kim Vice President - Associate General Counsel and Secretary