EVERETT, Wash.May 28, 2025 –Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors has approved an increase in the number of shares of Fortive’s common stock authorized under its general share repurchase program by approximately 15.63 million additional shares (the “General Share Repurchase Program”). Following such increase, the total number of shares remaining available for repurchase under the General Share Repurchase Program will be 20 million shares, including approximately 4.37 million shares available under the prior authorizations by the Board of Directors. The General Share Repurchase Program has no expiration date.
In addition and in connection with the pending separation of Ralliant Corporation, Fortive’s precision technologies segment (the “Separation”), Fortive announced that its Board of Directors concurrently adopted a separate special purpose share repurchase program (the “Special Purpose Share Repurchase Program”) under which Fortive may purchase up to $550 million in Fortive’s common stock exclusively from the proceeds of the approximately $1.15 billion pre-Separation cash dividend from Ralliant to Fortive, together with any other cash received by Fortive from Ralliant in connection with the Separation (collectively, the “Ralliant Cash Proceeds”). Repurchases of shares of Fortive common stock using the Ralliant Cash Proceeds will only be made through the Special Purpose Share Repurchase Program.
James Lico, President and Chief Executive Officer, stated, “I am excited for the opportunities ahead for Fortive and Ralliant as two focused, independent public companies with distinct and compelling investment profiles, and we look forward to bringing our Fortive and Ralliant leadership teams together for the upcoming investor day conferences to share our respective vision for the future. The board’s approval of this special purpose share repurchase program reflects our confidence in Fortive’s future and its unwavering focus on creating sustained value for shareholders.”
Mr. Lico continued, “Since we announced the separation of the Precision Technologies segment last year, we have deployed approximately 75 percent of our free cash flow to share repurchases. We are pleased to replenish our repurchase authorization, demonstrating a commitment to disciplined, balanced and value-enhancing capital deployment following the spin-off of Ralliant on June 28, 2025.”
Under the shares repurchase programs, Fortive may purchase its common stock on a discretionary basis from time to time on the open market or otherwise, including through the use of trading plans that satisfy the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with the requirements of the U.S. Securities and Exchange Commission.
The timing and amount of common stock repurchases made under the share repurchase programs will be determined by Fortive’s management based on its evaluation of market conditions and other factors. The repurchase programs do not obligate Fortive to acquire any particular amount of shares, and may be suspended or discontinued at any time.