On this page of StockholderLetter.com we present the 4/21/2025 shareholder letter from Fortive Corp — ticker symbol FTV. Reading current and past FTV letters to shareholders can bring important insights into the investment thesis.
0102

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".() GH?FFF "%(6 6%6:%!, #, 4)#"%* :0 ( ' 1%!54+ ,.(!%* '4!' ,%? *%+#$%!#)/  
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1  98 1   8     3    78   1  1  1    1 3    8 7 1      1  1   3 82     8   82  
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21 198      3 9     3 8  3   8     1 7 323  1   3     93 1   71  4392    19  
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9121  21   1 1    3    89      8 3 719   189  3    3   1     3  3          
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6   1  3 9     1   3   41  78 1  1 32 1   3 9   39  32 3  8    21 198 1    71  
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3      3 8  3   1  8     89 1   7891  8     93   8  2     8     39 1   71  
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1  8  3   8    8  93   8 12   :;3   8    3     3   8 #  1    93    89     
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28      1   189     19    1            9 8218       1   439       8   82  
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 19 39 8  1      2324     3 9   8  3    39   3     3       93 1 1    8    
 71   98 1     1 32   3   3   3 9   39  32 3
 • shareholder letter icon 4/21/2025 Letter Continued (Full PDF)
 • stockholder letter icon 4/24/2023 FTV Stockholder Letter
 • stockholder letter icon 4/22/2024 FTV Stockholder Letter
 • stockholder letter icon 4/29/2026 FTV Stockholder Letter
 • stockholder letter icon More "Industrial Machinery & Equipment" Category Stockholder Letters
 • Benford's Law Stocks icon FTV Benford's Law Stock Score = 74


FTV 4/21/2025 Shareholder/Stockholder Letter Transcript:

0102


  !"#$% & !' !("#) *%+#$%!, %,,%)"#(+ "%-.) +/0 ()* - ))%-"%* 1 !23+1 , +4"#), 
(-!,, ( !()/% 5 (""!(-"#$% %)* 6(!2%",7 8.% - 6'()09, :4,#)%,,%, ()* ,"!("%/#- 
,%/6%)",;<)"%++#/%)" ='%!("#)/ > +4"#),? @*$()-%* A%(+".-(!% > +4"#),? ()* 
B!%-#,#) 8%-.) +/#%,;(!% :4#+" ) +%(*#)/ :!()* )(6%,? #)) $("#$% "%-.) +/#%,? 
()* %,"(:+#,.%* 6(!2%" ' ,#"#),7   !"#$% #, :(,%* #) C$%!%""? D(,.#)/")? 1#". 
!%,%(!-. ()* *%$%+'6%)"? 6()45(-"4!#)/? ,(+%,? *#,"!#:4"#)? ,%!$#-%? ()* 
(*6#)#,"!("#$% '%!("#), #) 6 !% ".() EF - 4)"!#%,7   !"#$%9, /+:(+ "%(6 5 6 !% 
".() GH?FFF "%(6 6%6:%!, #, 4)#"%* :0 ( ' 1%!54+ ,.(!%* '4!' ,%? *%+#$%!#)/  
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1  98 1   8     3    78   1  1  1    1 3    8 7 1      1  1   3 82     8   82  
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21 198      3 9     3 8  3   8     1 7 323  1   3     93 1   71  4392    19  
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91 21     78   1   8  3    !7      3 9  47   71   391    9 31   78     12  
1 19  7     41  3 
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3 19   71   8   1 8 1  41  891  3    71       3   8   1          14   78  19   
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9121  21   1 1    3    89      8 3 719   189  3    3   1     3  3          
 78      2  1    71  8 7 1 1 1    3   1 1982  91 39     8   82   1 9   
6   1  3 9     1   3   41  78 1  1 32 1   3 9   39  32 3  8    21 198 1    71  
039   1  5   1   6  1   60567   3  9  1   934 7  8      7   71  1  123 1  
3      3 8  3   1  8     89 1   7891  8     93   8  2     8     39 1   71  
218 197      22  41   11    39   71      91    9   93 1   8  2      3  12  19  
   91 21  1       3 9    8  1     2  8 189   19 39 8  1     2       8   
8  12198  3    3    8   218       391   934 7  3   8 198 1   71  28      1  
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1  8  3   8    8  93   8 12   :;3   8    3     3   8 #  1    93    89     
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41   914   911   87   234      8   8 198 1  3   =>   19 1     19   189  3 19   71  
28      1   189     19    1            9 8218       1   439       8   82  
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78      1  9839  89   8     9 2    @191   8 1   8 3    039   1      71  
 918  7  3   91 2    78   891   3  3        3 19     1  9128   1   3  
 119   !71  9183    39   7      18 189   98    91 39  3      1   8    3 9  
 19 39 8  1      2324     3 9   8  3    39   3     3       93 1 1    8    
 71   98 1     1 32   3   3   3 9   39  32 3 



shareholder letter icon 4/21/2025 Letter Continued (Full PDF)
 

FTV Stockholder/Shareholder Letter (Fortive Corp) 4/21/2025 | www.StockholderLetter.com
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