Earnings release
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G FORTIVE Fortive Reports Strong Second Quarter 2021 Results Raises 2021 Revenue , Operating Profit Margin and EPS Guidance Strong revenue growth ; total revenue up 26.7 % , core revenue up 21.3 % Broad - based strengthening across the portfolio , led by Fluke and Tektronix Software businesses delivered low double digit SaaS growth Revenue outperformance and strong core OMX drove excellent free cash flow EVERETT , WA , July 29 , 2021 - Fortive Corporation ( “ Fortive ” ) ( NYSE : FTV ) today announced results for the second quarter 2021 . For the second quarter ended July 2 , 2021 , net earnings from continuing operations were $ 182.0 million . For the same period , adjusted net earnings from continuing operations were $ 238.8 million . Diluted net earnings per share from continuing operations for the second quarter ended July 2 , 2021 were $ 0.48 . For the same period , adjusted diluted net earnings per share from continuing operations were $ 0.66 . For the second quarter of 2021 , revenues from continuing operations increased 26.7 % year - over - year to $ 1.3 billion , which reflected core revenue growth of 21.3 % . James A. Lico , President and Chief Executive Officer , stated , “ Our results in the second quarter continued to demonstrate the success of our strategy , as highlighted at our investor conference in May , to build connected workflow solutions to meet the evolving needs of our customers . In the second quarter , we delivered core revenue growth and adjusted operating profit margin above the high - end of our guidance , and a 53 % year - over - year increase in adjusted earnings per share . As the global economy continues to improve , we are successfully deploying the Fortive Business System to manage our supply chains to deliver for our customers and generate outstanding free cash flow . " For the third quarter of 2021 , Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $ 0.41 to $ 0.45 and adjusted diluted net earnings per share from continuing operations to be in the range of $ 0.62 to $ 0.66 . For the full year 2021 , Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $ 1.70 to $ 1.80 and adjusted diluted net earnings per share from continuing operations to be in the range of $ 2.65 to $ 2.75 . Mr. Lico added , " We are excited about our recently announced acquisition of Service Channel . The transaction adds another differentiated , high - growth SaaS asset with an attractive runway to drive increasing profitability and free cash flow , and generate strong returns over the next five years . As we look ahead , we have significant capacity and opportunity for additional capital allocation which will continue to strengthen the portfolio and drive double - digit earnings and free cash flow growth over the long - term . " Fortive will discuss results and outlook during its quarterly investor conference call today starting at 5:30 p.m. ET . The call and an accompanying slide presentation will be webcast on the " Investors " section of Fortive's website , www.fortive.com , under " Events & Presentations . " A replay of the webcast will be 1