Page 1

G FORTIVE Fortive Reports Strong Third Quarter 2021 Results Raises Low End of Full Year Adjusted EPS Guidance Total revenue increased 12.0 % , with core revenue up 9.1 % Delivered significant margin improvement , strong adjusted operating margin expansion and robust cash flow growth Software businesses generated mid - teens growth Strong broad - based demand and order trends across the portfolio EVERETT , WA , October 28 , 2021 - Fortive Corporation ( " Fortive " ) ( NYSE : FTV ) today announced results for the third quarter 2021 . For the third quarter ended October 1 , 2021 , net earnings from continuing operations were $ 151.1 million . For the same period , adjusted net earnings from continuing operations were $ 240.5 million . Diluted net earnings per share from continuing operations for the third quarter ended October 1 , 2021 were $ 0.42 . For the same period , adjusted diluted net earnings per share from continuing operations were $ 0.66 . For the third quarter of 2021 , revenues from continuing operations increased 12.0 % year - over - year to $ 1.3 billion , which reflected core revenue growth of 9.1 % . James A. Lico , President and Chief Executive Officer , stated , " Our third quarter marked a continuation of the excellent financial performance that we have seen since the beginning of the year . Our teams executed very well in the face of broadened supply chain challenges , sustaining our significant top line momentum , while also generating outstanding core operating margin expansion and 32 % adjusted EPS growth . Across our businesses , we continue to see strong customer demand trends and order growth for our leading instrumentation and software offerings , and through disciplined application of the Fortive Business System , we continue to differentiate our performance , enhance our competitive position , and deliver for our customers . " For the fourth quarter of 2021 , Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $ 0.45 to $ 0.50 and adjusted diluted net earnings per share from continuing operations to be in the range of $ 0.74 to $ 0.79 . For the full year 2021 , Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $ 1.62 to $ 1.67 and adjusted diluted net earnings per share from continuing operations to be in the range of $ 2.70 to $ 2.75 . Mr. Lico added , " In the third quarter , we closed the acquisition of ServiceChannel , marking another step forward in our strategy to deliver differentiated offerings of software - enabled and data - advantaged workflow solutions for our customers . As we continue to execute our digital strategy , enhance the strength of our portfolio , and expand our talent base to address the attractive long - term growth opportunities in our markets , we are even more excited about the road ahead . " 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