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Fortive (FTV) investor relations material
Fortive Barclays 43rd Annual Industrial Select Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Demand environment and recent performance
Exited 2025 with stronger-than-expected Q4 core growth across both segments, with all business engines contributing positively.
January 2026 performance was solid and aligned with expectations, supporting a stable outlook for the year.
Short-cycle businesses, especially in North America, benefited from data center and distributed energy spending, with EMEA showing sequential improvement and APAC remaining steady.
No significant one-time events impacted Q4; broad-based strength was observed.
2026 assumptions are based on stable but not dramatically improving macro conditions, including tariffs, healthcare funding, and government spending.
Growth strategies and innovation
Focus remains on the Fortive Acceleration strategy to outperform markets.
Fluke continues to expand through rapid innovation, targeted commercial investments, and growing recurring revenue, with no perceived ceiling to market share.
Geographic expansion, such as in India, has driven double-digit growth with modest investments.
Recurring revenue at Fluke now represents 15% of sales and is growing at double digits.
Government and FAL segment trends
Government-related business stabilized at about 8% of revenue, mainly in state and local sectors, with no major rebound expected in 2026.
FAL platform remains accretive, with subdued government spending post-ESSER funding but ongoing innovation and commercial expansion.
ServiceChannel and other FAL brands launched major AI-powered products in 2025, expanding into new verticals and geographies.
Brands within FAL operate independently but share capabilities like AI and enterprise selling where beneficial.
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