Fortive's (FTV) CEO Jim Lico on Q1 2022 Results - Earnings Call Transcript

Fortive Corporation (NYSE:FTV) Q1 2022 Earnings Conference Call April 28, 2022 12:00 PM ET

Company Participants

Elena Rosman – Vice President-Investor Relations

Jim Lico – President and Chief Executive Officer

Chuck McLaughlin – Senior Vice President and Chief Financial Officer

Conference Call Participants

Steve Tusa – JPMorgan

Julian Mitchell – Barclays

Andrew Obin – Bank of America

Nigel Coe – Wolfe Research

Deane Dray – RBC

Scott Davis – Melius Research

Jeff Sprague – Vertical Research

Andy Kaplowitz – Citigroup

Josh Pokrzywinski – Morgan Stanley

John Walsh – Credit Suisse

Operator

My name is Emma, and I will be your conference facilitator this afternoon. At this time, I would like to welcome everyone to the Fortive Corporation’s First Quarter 2022 Earnings Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Ms. Elena Rosman, Vice President of Investor Relations. Ms. Rosman, you may begin your conference.

Elena Rosman

Thank you, Ana, and thank you, everyone, for joining us on today’s call. With us today are Jim Lico, our President and Chief Executive Officer; and Chuck McLaughlin, our Senior Vice President and Chief Financial Officer.

We present certain non-GAAP financial measures on today’s call. Information required by Regulation G are available on the Investors section of our website at www.fortive.com. Our statements on period-to-period increases or decreases refer to year-over-year comparisons on a continuing operations basis.

During the call, we will make forward-looking statements, including statements regarding events or developments that we expect or anticipate will or may occur in the future. These forward-looking statements are subject to a number of risks, and actual results might differ materially from any forward-looking statements that we make today.

Information regarding these risks factors is available in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2021. These forward-looking statements speak only as of the date that they are made, and we do not assume any obligation to update any forward-looking statements.

With that, I would like to turn the call over to Jim.

Jim Lico

Thanks, Elena. Hello everyone, and thank you for joining us. I’ll begin on Slide 3. I’m extremely proud of how our teams have come together to navigate the continued challenging environment and deliver an outstanding quarter with better than expected revenues, earnings and cash flow.