Fortive

Fortive Schedules Fourth Quarter 2020 Earnings Conference Call

Friday, January 15, 2021 - 9:15pm

Fortive Corporation (Fortive) (NYSE: FTV) today announced that it will webcast its earnings conference call for the fourth quarter 2020 on Thursday, February 4, 2021 beginning at 5:30 p.m.

Key Points: 
  • Fortive Corporation (Fortive) (NYSE: FTV) today announced that it will webcast its earnings conference call for the fourth quarter 2020 on Thursday, February 4, 2021 beginning at 5:30 p.m.
  • ET and notifying the operator that you are dialing in for Fortives earnings conference call (access code 5897681).
  • A replay of the conference call will be available two hours after the conclusion of the call until Thursday, February 18, 2020.
  • This quiet period will be in place until fiscal fourth quarter 2020 earnings are released on February 4, 2021.

Vontier Announces Pricing of Secondary Equity Offering of Remaining Shares of Common Stock Held by Fortive

Wednesday, January 13, 2021 - 11:24pm

Vontier Corporation (Vontier) (NYSE: VNT) today announced the pricing of its previously announced underwritten offering of 33,507,410 shares of its common stock, representing all of the shares of Vontier common stock currently owned by Fortive Corporation (Fortive), Vontiers former parent company, at a price to the public of $33.50 per share.

Key Points: 
  • Vontier Corporation (Vontier) (NYSE: VNT) today announced the pricing of its previously announced underwritten offering of 33,507,410 shares of its common stock, representing all of the shares of Vontier common stock currently owned by Fortive Corporation (Fortive), Vontiers former parent company, at a price to the public of $33.50 per share.
  • Fortive has agreed to exchange all of the shares of Vontier common stock to be sold in the offering for indebtedness of Fortive owned by Goldman Sachs & Co. LLC.
  • Fortive has exchanged the shares of Vontier common stock to be sold in the offering for indebtedness of Fortive owned by Goldman Sachs & Co. LLC.
  • Following the completion of the offering, Fortive will no longer own any shares of common stock of Vontier.

Vontier Announces Launch of Secondary Equity Offering of Remaining Shares of Common Stock Held by Fortive

Tuesday, January 12, 2021 - 9:04pm

Vontier Corporation (Vontier) (NYSE: VNT) today announced the commencement of an underwritten offering of 33,507,410 shares of its common stock, representing all of the shares of Vontier common stock currently owned by Fortive Corporation (Fortive), Vontiers former parent company.

Key Points: 
  • Vontier Corporation (Vontier) (NYSE: VNT) today announced the commencement of an underwritten offering of 33,507,410 shares of its common stock, representing all of the shares of Vontier common stock currently owned by Fortive Corporation (Fortive), Vontiers former parent company.
  • Vontier is not selling any shares and will not receive any proceeds from the sale of the shares in the offering or the debt-for-equity exchange (as described below).
  • Prior to the closing of the offering, Fortive intends to exchange the shares of Vontier common stock to be sold in the offering for indebtedness of Fortive currently owned by Goldman Sachs & Co. LLC.
  • Goldman Sachs & Co. LLC, as the selling stockholder in the offering, then intends to sell these shares of Vontier common stock to the underwriters in connection with the public offering.

Censis Technologies and Cantel Medical Enter Into Partnership to Develop Differentiated Endoscope Reprocessing Software Solution

Monday, December 7, 2020 - 4:00pm

Today, Censis Technologies, a wholly owned subsidiary of Fortive Corporation, and Cantel Medical Corp announced a new long-term partnership to combine Cantels leading infection prevention endoscope reprocessing workflow portfolio with the surgical asset management and instrument tracking solutions from Censis.

Key Points: 
  • Today, Censis Technologies, a wholly owned subsidiary of Fortive Corporation, and Cantel Medical Corp announced a new long-term partnership to combine Cantels leading infection prevention endoscope reprocessing workflow portfolio with the surgical asset management and instrument tracking solutions from Censis.
  • The new enhanced, co-branded software solution will combine the CANEXIS Integrated Workflow Solution for Endoscopy from Cantel with Censis CensiTrac surgical asset management software to create the leading instrument reprocessing and scope tracking software available to the market.
  • We are thrilled to be partnering with Censis on this critical endeavor, said Michael Spicer, President, Medical Business Unit at Cantel.
  • Censis Technologies, based in Franklin, Tennessee, is the leader in surgical instrument and asset management software.

Fortive Announces Appointment of Rejji Hayes to Its Board of Directors

Monday, December 7, 2020 - 12:00pm

Fortive Corporation ("Fortive") (NYSE: FTV) announced today that its Board of Directors has appointed Rejji Hayes as a director of Fortive.

Key Points: 
  • Fortive Corporation ("Fortive") (NYSE: FTV) announced today that its Board of Directors has appointed Rejji Hayes as a director of Fortive.
  • In addition, the Board has appointed Mr. Hayes to the Audit Committee of the Board.
  • Alan Spoon, Chairman of the Board of Fortive, said, "We are extremely pleased to welcome Rejji to our Board.
  • James A. Lico, CEO and President of Fortive, said, Rejji brings a wealth of experience in strategic finance to our Board of Directors.

Fortive to Present at the UBS Global TMT Virtual Conference

Wednesday, December 2, 2020 - 9:15pm

Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico, and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the UBS Global TMT Virtual Conference on Monday, December 7, 2020 at 1:55 p.m.

Key Points: 
  • Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico, and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the UBS Global TMT Virtual Conference on Monday, December 7, 2020 at 1:55 p.m.
  • Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets.
  • The company holds leading positions in intelligent operating solutions, precision technologies, and advanced healthcare solutions.
  • With a culture rooted in continuous improvement, the core of our companys operating model is the Fortive Business System.

Fortive to Present at the Credit Suisse 8th Annual Virtual Industrials Conference

Tuesday, November 24, 2020 - 9:15pm

Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Credit Suisse 8th Annual Virtual Industrials Conference on Wednesday, December 02, 2020 at 11:30 a.m.

Key Points: 
  • Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Credit Suisse 8th Annual Virtual Industrials Conference on Wednesday, December 02, 2020 at 11:30 a.m.
  • Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets.
  • The company holds leading positions in intelligent operating solutions, precision technologies, and advanced healthcare solutions.
  • With a culture rooted in continuous improvement, the core of our companys operating model is the Fortive Business System.

Fortive to Present at the Wolfe Research Virtual Industrials Conference

Thursday, November 12, 2020 - 9:15pm

Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico, and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Wolfe Research Virtual Industrials Conference on Monday, November 16, 2020 at 10:15 a.m.

Key Points: 
  • Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico, and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Wolfe Research Virtual Industrials Conference on Monday, November 16, 2020 at 10:15 a.m.
  • Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets.
  • Fortive is headquartered in Everett, Washington and employs a team of more than 17,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world.
  • With a culture rooted in continuous improvement, the core of our companys operating model is the Fortive Business System.

Fortive to Present at the Baird 2020 Global Industrial Conference

Monday, November 9, 2020 - 9:15pm

Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Baird 2020 Global Industrial Conference on Wednesday, November 11, 2020 at 12:15 p.m.

Key Points: 
  • Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, Jim Lico and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Baird 2020 Global Industrial Conference on Wednesday, November 11, 2020 at 12:15 p.m.
  • During the presentation, Fortive may discuss, among other matters, certain historical and forecasted financial information reflecting both the separation of Vontier Corporation on October 9, 2020 (the Separation) and the management of the Company in three reporting segments effective as of September 26, 2020 (the Segmentation).
  • Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets.
  • With a culture rooted in continuous improvement, the core of our companys operating model is the Fortive Business System.

Fortive Declares Regular Quarterly Dividend on its Common Stock and its Preferred Stock

Thursday, November 5, 2020 - 9:30pm

Fortive Corporation (Fortive) (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.07 per share of its common stock, par value $0.01 per share, payable on December 28, 2020 to common stockholders of record on November 27, 2020.

Key Points: 
  • Fortive Corporation (Fortive) (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.07 per share of its common stock, par value $0.01 per share, payable on December 28, 2020 to common stockholders of record on November 27, 2020.
  • In addition, Fortive announced today that its Board of Directors declared a regular quarterly cash dividend of $12.50 per share of its 5.00% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share, payable on January 4, 2021 to preferred stockholders of record on December 15, 2020.
  • Fortive is a diversified industrial growth company with leading positions in field solutions, product realization, sensing and health.
  • With a culture rooted in continuous improvement, the core of our companys operating model is the Fortive Business System.