Fortive Company Overview

What is the Stock Ticker for Fortive?

The stock ticker for Fortive is FTV.

Where is the Fortive headquarters?

Fortive's headquarters is located in Everett, Washington, United States.

What Does Fortive Do?

Fortive is a diversified industrial technology company that designs, develops, and manufactures products and services for a variety of industries, including healthcare, transportation, and manufacturing. They specialize in precision measurement and instrumentation, automation and software solutions, and industrial technologies.

How Does Fortive Make Money?

Fortive is a diversified industrial technology company that operates in two main segments: Professional Instrumentation and Industrial Technologies. The company makes money by selling a wide range of products and services to customers in various industries, including aerospace, automotive, healthcare, and manufacturing.

Professional Instrumentation segment includes products such as electronic test and measurement equipment, software, and services. This segment generates revenue by selling these products to customers in various industries, including aerospace, defense, and healthcare. The company also provides calibration and repair services for its products, which generates additional revenue.

Industrial Technologies segment includes products such as automation and sensing technologies, transportation technologies, and franchise distribution. This segment generates revenue by selling these products to customers in various industries, including automotive, food and beverage, and oil and gas. The company also provides maintenance and repair services for its products, which generates additional revenue.

Fortive also generates revenue through its software and services offerings, which include asset management software, remote monitoring and diagnostics, and consulting services. These offerings help customers optimize their operations and improve efficiency, which can lead to cost savings and increased revenue.

In summary, Fortive makes money by selling a wide range of products and services to customers in various industries, providing calibration and repair services, and offering software and consulting services to help customers optimize their operations.

Who Founded Fortive?

Fortive was founded by James A. Lico and Mitchell Rales in 2016.

What is the History of Fortive?

Fortive Corporation is a diversified industrial technology company that was spun off from Danaher Corporation in July 2016. Danaher Corporation was founded in 1969 by brothers Steven and Mitchell Rales, and initially focused on producing electronic test and measurement equipment. Over the years, Danaher expanded into a wide range of industries, including medical technologies, environmental and industrial controls, and dental equipment.

In 2015, Danaher announced that it would spin off its industrial businesses into a separate company, which would become Fortive Corporation. The new company would focus on industrial technologies such as sensing and measurement, transportation technologies, and franchise distribution.

Fortive officially became a separate publicly traded company on July 2, 2016, with James A. Lico as its CEO. Since then, the company has continued to grow through acquisitions and partnerships, expanding its portfolio of industrial technologies and services. Today, Fortive operates in more than 50 countries and employs over 17,000 people worldwide.

What Industry is Fortive In?

Fortive is in the fortive is a diversified industrial company industry.

What Are Fortive's Competitive Advantages?

1. Strong portfolio of leading industrial technology brands: Fortive has a diverse portfolio of industrial technology brands that are leaders in their respective markets. This gives the company a competitive advantage in terms of brand recognition, customer loyalty, and market share.

2. Focus on innovation and R&D: Fortive invests heavily in research and development to create innovative products and solutions that meet the evolving needs of its customers. This focus on innovation gives the company a competitive advantage in terms of product differentiation and staying ahead of the competition.

3. Global presence and distribution network: Fortive has a strong global presence with operations in over 50 countries and a distribution network that spans the globe. This gives the company a competitive advantage in terms of reach and access to new markets.

4. Strong financial position: Fortive has a strong financial position with a solid balance sheet and a history of generating strong cash flows. This gives the company a competitive advantage in terms of financial stability and the ability to invest in growth opportunities.

5. Experienced management team: Fortive has an experienced management team with a track record of success in the industrial technology sector. This gives the company a competitive advantage in terms of strategic vision and execution.

What Are Fortive's Competitive Threats?

Some competitive threats to Fortive include:

1. Other established players in the industrial technology and manufacturing industry, such as General Electric, Siemens, and Honeywell.

2. Emerging competitors that are disrupting the industry with innovative technologies and business models, such as Tesla, Amazon, and Google.

3. Economic downturns and market volatility that can impact demand for Fortive's products and services.

4. Changes in government regulations and policies that can affect the company's operations and profitability.

5. Cybersecurity threats and data breaches that can compromise the company's intellectual property and customer information.

6. Fluctuations in raw material prices and supply chain disruptions that can impact the company's production and distribution capabilities.

7. Changes in consumer preferences and buying habits that can affect demand for Fortive's products and services.

Who Are Some of the Competitors of Fortive?

Some of the competitors of Fortive include Danaher Corporation, General Electric, Honeywell International, Siemens AG, and Emerson Electric Co.

What Are Some of Fortive's Products and Services?

Some notable products and services from Fortive include Tektronix oscilloscopes, Fluke test and measurement equipment, Gilbarco Veeder-Root fuel dispensers, and Matco Tools automotive tools. They also offer industrial automation and sensing solutions, as well as software and services for asset management and predictive maintenance.