Fortive Corporation (FTV) Presents at Morgan Stanley’s 13th Annual Laguna Conference

Christopher Snyder
Equity Analyst

Thank you, everybody. Chris Snyder, U.S. multi-industry analyst at Morgan Stanley. Very excited to have Fortive up with me today. We have President and CEO, Olumide Soroye and CFO, Mark Okerstrom. So thank you, guys. Olumide is going to start off with some opening remarks before we get into Q&A.

Olumide Soroye
President, CEO & Director

Thanks, Chris. Thanks for having us, and it’s great to be here, as always. And we are right into our first quarter as new Fortive. So I thought I’ll provide just a few highlights as context for the Q&A.

And really kind of three main things. The first one is we are diligently executing the Fortive Accelerated strategy that we laid out at our Investor Day. And our team is really excited about the progress we’re making. I would say that the goal for that strategy is to accelerate profitable growth. And in that process, we also accelerate shareholder value creation in the next few years.

And we laid out 3 key pillars for driving faster growth, innovation, acceleration, commercial acceleration and recurring customer value. And as we laid out on our last earnings call, we’re making really strong progress on those, and it continues.

The second key point is based on what we’ve seen so far in the second half of the year, we are right on track with the guidance we provided on our Q2 earnings call. And that is really credit to the laser focused execution by our teams. Nothing has been surprising compared to what we said