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Industrial products maker Fortive lifts profit view on strong automation business
['July', 'Min Read']
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July 29 (Reuters) - Fortive raised its 2026 adjusted profit forecast on Wednesday, helped by resilient demand for its industrial automation unit.
A growing number of businesses investing heavily into optimizing their industrial operations has fueled demand for building technology, benefiting companies such as Fortive.
Fortive makes industrial measurement equipment and software-enabled automation used in various industries.
• It reported adjusted profit of 74 cents per share for the quarter ended July 3, beating analysts' estimate of 71 cents apiece.
• Revenue for the second quarter rose about 8% to $1.1 billion from a year earlier, compared with Wall Street estimates of $1.07 billion.