Testing company Fortive, whose T&M brands include Tektronix and Fluke, beat its guidance and saw fourth quarter 2024 revenue growth of 4% year-on-year.
Net earnings for the fourth quarter were $265 million, and for the full year, net earnings were $866 million.
The company said that it expects its full-year 2024 revenue to be between $6.4-$6.8 billion, up between 6-8% compared to 2023.
James A. Lico, Fortive’s president and CEO, said that the results reflected “outstanding operating performance” and added that the company’s portfolio of businesses is “delivering more consistent and profitable through-cycle growth.”
