Fortive Corporation (FTV) has reported positive first-quarter fiscal year 2024 results, with revenue growth of 4% to $1.525 billion. The company’s segments performed well, with Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions each contributing to the growth. The adjusted operating margin increased by 110 basis points to 25.1% due to gross margin expansion, leading to an 11% year-over-year improvement in adjusted EPS to 83 cents. Fortive declared a quarterly cash dividend of $0.08 per share. The company revised its revenue forecast for FY24 to $6.35 billion-$6.43 billion, while raising its adjusted EPS outlook to $3.77-$3.86. Despite the positive earnings, FTV shares were trading 7.24% lower at $74.86 in premarket trading.