Investors can’t say that Fortive (FTV)
management doesn’t deliver on its promises – management at this
diversified multi-industrial said they wanted to deploy at least $6
billion into M&A that would skew the company toward more
higher-margin recurring revenue, and they have done exactly that. While
second quarter earnings were a little choppy, they basically met
expectations and the turbulence seen in some of the businesses wasn’t
all that different than what comparable multi-industrials like Illinois Tool Works (ITW) and Dover (DOV) saw in their operations.
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Fortive On Target In The Second Quarter And Doing Yet Another Deal
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