Fortive Raises Guidance, Completes Ralliant Separation

Fortive reported Q3 2025 adjusted EPS of $0.68, beating estimates (roughly $0.57–$0.58) and rising about 15% year over year, on revenue of roughly $1.03 billion (up ~2.3–2.4%). Management raised full‑year adjusted EPS guidance to $2.63–$2.67, citing stronger‑than‑expected software demand and execution of its Fortive Accelerated strategy. The Intelligent Operating Solutions segment grew about 2.6% to roughly $699 million, helped by professional instrumentation, gas detection and software such as Accruent, Gordian and ServiceChannel. During the quarter Fortive repurchased $1 billion of stock and completed the June 28 separation of its Precision Technologies business (Ralliant), which is now reported as discontinued operations. Margin metrics showed some deterioration—operating margin around 15.5% versus 17.1% a year ago and free cash flow margin about 25.9% versus 28.2%—and some analysts flag muted longer‑term revenue growth despite the upbeat quarter. Shares reacted positively (reports showed moves from roughly 2.4% to as much as 11% premarket) but remain well below their 52‑week high and substantially down over the past year.