Latest news with #PrecisionTechnologies
Yahoo
01-07-2025
- Business
- Yahoo
Maris-Tech Expands Asia-Pacific Reach with New Distribution Agreement in Singapore
Distribution Agreement with Precision Technologies Strengthens Presence in Key Defense and Security Markets Rehovot, Israel, July 01, 2025 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) ('Maris-Tech' or the 'Company'), a global leader in video and artificial intelligence ('AI')- based edge computing technology, today announced that it has entered into a distribution agreement with Precision Technologies Pte Ltd. ('Precision Technologies'), a leading Singapore-based supplier of cutting-edge defense and security solutions. The agreement marks an important milestone for Maris-Tech as it continues to expand its global footprint by strengthening its presence in the Asia-Pacific region. Under the terms of the agreement, Precision Technologies will promote and distribute the Company's full range of video-based edge AI computing solutions, serving key markets including defense, homeland security, aerospace, and commercial sectors throughout Singapore. 'Collaborating with a respected and established player like Precision Technologies is an important milestone for Maris-Tech,' said Israel Bar, Chief Executive Officer of Maris-Tech. 'The Asia-Pacific region is a key growth area, and we believe that this collaboration represents a strong vote of confidence in our technology and products. We believe that customers in this region will greatly benefit from our advanced solutions for AI-powered video intelligence and edge computing.' About Maris-Tech Ltd. Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We're pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors. For more information, visit Forward-Looking Statement Disclaimer This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the 'safe harbor' created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as 'believe,' 'expect',' 'may', 'should,' 'could,' 'seek,' 'intend,' 'plan,' 'goal,' 'estimate,' 'anticipate' or other comparable terms. For example, the Company is using forward-looking statements when it is discussing the Company's growth strategy and presence in the Asia-Pacific region; potential benefits of the collaboration between the Company and Precision Technologies; and that customers in the Asia-Pacific region will greatly benefit from the Company's advanced solutions for AI-powered video intelligence and edge computing. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Investor Relations: Nir Bussy, CFOTel: +972-72-2424022Nir@
Yahoo
30-06-2025
- Business
- Yahoo
Fortive, Ralliant Stocks Drop After Completing Separation
Shares of Fortive (FTV) and Ralliant (RAL) fell Monday after the latter completed its separation and began trading as an independent company on the New York Stock Exchange. Shares of the Raleigh, N.C.-based Ralliant, formerly the Precision Technologies segment of Fortive, recently were down 9% in their NYSE debut. Shares of industrial technology conglomerate Fortive fell almost 5%, making it the worst-performing stock in the S&P 500. Over the weekend, "Fortive shareholders received one share of common stock of Ralliant for every three shares of common stock of Fortive held at the close of business on June 16, 2025," the Everett, Wash.-based firm announced. Concurrently, Olumide Soroye assumed the CEO role at Fortive as part of a planned transition in conjunction with the company's split, which was announced last September. Soroye succeeded James Lico, who retired but will continue to serve as an advisor until the end of the year. "Since our last earnings call, we have experienced increased pressure on tariff-related pricing and customer demand driven largely by heightened uncertainty in trade, healthcare, and government spending policy," said Soroye. "This created headwinds for revenue and core revenue growth that built late in the second quarter. As a result, we now estimate our second quarter revenue and core revenue as flat to slightly down across new Fortive, with the Precision Technologies segment, now Ralliant, declining mid-single digits as expected." Read the original article on Investopedia
Yahoo
26-06-2025
- Business
- Yahoo
5 Insightful Analyst Questions From Fortive's Q1 Earnings Call
Fortive's first quarter results were met with a negative market reaction, as the company missed Wall Street's revenue expectations and faced a year-on-year sales decline. Management attributed the softness primarily to delayed customer investments in its Precision Technologies segment, citing increased political and macroeconomic uncertainty. CEO Jim Lico highlighted, "We saw customers in Precision Technologies delay investments in light of increased political and macroeconomic uncertainty, putting a halt to the momentum we had seen in the second half of 2024." Meanwhile, Intelligent Operating Solutions and Advanced Healthcare Solutions segments showed relative stability, supported by recurring revenue streams and product innovation. Is now the time to buy FTV? Find out in our full research report (it's free). Revenue: $1.47 billion vs analyst estimates of $1.5 billion (3.3% year-on-year decline, 1.4% miss) Adjusted EPS: $0.85 vs analyst estimates of $0.85 (in line) Adjusted EBITDA: $396 million vs analyst estimates of $398.1 million (26.9% margin, 0.5% miss) Management lowered its full-year Adjusted EPS guidance to $3.90 at the midpoint, a 3.9% decrease Operating Margin: 15.8%, down from 19.8% in the same quarter last year Organic Revenue rose 2.2% year on year, in line with the same quarter last year Market Capitalization: $23.82 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Scott Davis (Melius Research) pressed CEO Jim Lico on the company's approach to localizing production in response to tariffs; Lico explained that efforts involve accelerating existing contract manufacturing and shifting capacity, rather than major new investments. Steve Tusa (JPMorgan) questioned the volatility in Test and Measurement demand versus the broader economy; Lico attributed this to delayed R&D investments among semiconductor and electronics customers, who are reassessing buying cycles amid tariff uncertainty. Julian Mitchell (Barclays) asked about margin trends in Advanced Healthcare Solutions, especially the first-quarter decline; Vice President Elena Rosman clarified that margins typically ramp throughout the year and were temporarily affected by FX and fewer business days. Joe Giordano (TD Cowen) inquired about competitive dynamics and tariff-related pricing in Precision Technologies, focusing on Tektronix; Lico noted the company's global manufacturing flexibility and ability to shift production to protect intellectual property and mitigate tariff impacts. Chris Snyder (Morgan Stanley) asked how much of the tariff mitigation would be driven by price increases versus other actions; Lico estimated that about two-thirds would be from price, with the remainder from surcharges and operational adjustments. In the coming quarters, our analysts will closely monitor (1) the effectiveness and speed of Fortive's tariff mitigation measures, (2) stabilization or potential recovery in the Precision Technologies segment, and (3) the execution of the Ralliant spin-off and any resulting changes in capital allocation or operational priorities. Progress in recurring revenue expansion and supply chain localization will also be important indicators of resilience. Fortive currently trades at $70.08, in line with $69.61 just before the earnings. Is there an opportunity in the stock?See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Yahoo
15-05-2025
- Business
- Yahoo
FTV Q1 Earnings Call: Tariffs, Segment Divergence, and Leadership Transition Shape Outlook
Industrial technology company Fortive (NYSE:FTV) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 3.3% year on year to $1.47 billion. Its non-GAAP profit of $0.85 per share was in line with analysts' consensus estimates. Is now the time to buy FTV? Find out in our full research report (it's free). Revenue: $1.47 billion vs analyst estimates of $1.5 billion (3.3% year-on-year decline, 1.4% miss) Adjusted EPS: $0.85 vs analyst estimates of $0.85 (in line) Adjusted EBITDA: $396 million vs analyst estimates of $398.1 million (26.9% margin, 0.5% miss) Management lowered its full-year Adjusted EPS guidance to $3.90 at the midpoint, a 3.9% decrease Operating Margin: 15.8%, down from 19.8% in the same quarter last year Free Cash Flow Margin: 14.6%, similar to the same quarter last year Organic Revenue fell 1.7% year on year (2.5% in the same quarter last year) Market Capitalization: $24.71 billion Fortive's first quarter results reflected the impact of macroeconomic headwinds and segment-specific challenges, according to management's remarks. CEO Jim Lico pointed to delayed customer investments in the Precision Technologies segment and continued strength in Intelligent Operating Solutions and Advanced Healthcare Solutions. The quarter was further shaped by supply chain adaptations and ongoing efforts to enhance recurring revenue streams. Management also highlighted the transition of Mark Okerstrom as the new CFO, emphasizing his background in disciplined capital allocation and growth acceleration. Looking forward, management cited heightened uncertainty from recently announced tariffs and evolving global demand patterns as key factors behind the lowered full-year guidance. Lico described the company's approach as 'pragmatic,' noting plans to accelerate existing supply chain localization and implement strategic price increases to offset cost pressures. The leadership team acknowledged that full mitigation of tariff impacts will phase in gradually, targeting full offset by the fourth quarter. These evolving dynamics, alongside the planned separation of Ralliant, are expected to significantly influence Fortive's performance in the remainder of the year. Management identified several factors shaping quarterly results and future expectations, with the most pronounced variance coming from the Precision Technologies segment and the evolving policy environment. Precision Technologies Slowdown: The Precision Technologies segment experienced an 8.4% core revenue decline, attributed to delayed customer orders in Test and Measurement due to macroeconomic and policy uncertainty. Management reported that semiconductor and electronics customers, facing tariff-related uncertainties, opted to pause investments, particularly in China and Western Europe. Intelligent Operating Solutions Resilience: Intelligent Operating Solutions delivered core revenue growth, supported by stable industrial demand in North America and new product introductions in solar and data center markets. Management credited software and services expansion for supporting margins in this segment. Advanced Healthcare Solutions Steady: The Advanced Healthcare Solutions segment achieved core revenue growth, though margins contracted slightly due to unfavorable foreign exchange and investment in new product development. Management cited Provation's strong software sales and stable demand for infection prevention products as key contributors. Tariff Mitigation Playbook: Fortive outlined a multi-pronged response to new tariffs, including pricing actions, supply chain localization, and accelerated manufacturing shifts out of China. The company estimates that approximately two-thirds of mitigation will come from price increases, with the remainder from operational adjustments, aiming for full offset by the fourth quarter of this year. Leadership Transition and Separation Progress: The company welcomed Mark Okerstrom as CFO and reaffirmed its plan to complete the Ralliant separation by the end of the second quarter. Management views the separation as a catalyst for focused growth strategies in both resulting entities. For the remainder of the year, Fortive's outlook is shaped by ongoing supply chain localization efforts, the timing of tariff mitigation, and evolving demand trends across its major segments. Tariff Countermeasures Execution: Management expects that the effectiveness and speed of tariff mitigation—including price adjustments and regional manufacturing shifts—will be the central driver of margin recovery in the coming quarters. Segment-Specific Demand Patterns: The company anticipates continued stable performance in Intelligent Operating Solutions and Advanced Healthcare Solutions, while recovery in Precision Technologies is expected to be gradual, influenced by R&D investment cycles and customer responses to policy changes. Separation of Ralliant: The upcoming spin-off of Ralliant is positioned as a significant event, with the potential to unlock value and enable more targeted growth and capital allocation strategies for both Fortive and the new entity. Scott Davis (Melius Research): Asked about the specifics of supply chain localization in response to tariffs. Management clarified that the strategy involves accelerating existing moves rather than building entirely new capacity, emphasizing flexibility across regions. Steve Tusa (JPMorgan): Inquired why the Test and Measurement segment is experiencing greater volatility compared to the broader economy. CEO Jim Lico explained that delayed R&D investments and customer uncertainty, especially among semiconductor and electronics companies, are the main factors. Julian Mitchell (Barclays): Sought clarification on the cadence of tariff headwinds and margin progression in Q2. Management confirmed that margin dilution from tariffs will be most acute in Q2, with improvement expected as mitigation measures phase in through the year. Joe Giordano (TD Cowen): Asked about competitive positioning in manufacturing, particularly for Tektronix, and the impact of price adjustments on competitive dynamics. Management highlighted global manufacturing flexibility and ongoing efforts to protect intellectual property through geographic diversification. Deane Dray (RBC Capital Markets): Questioned cost management actions in Precision Technologies amid headwinds. Management indicated proactive restructuring and ongoing evaluation of incremental cost reductions, but stressed that pricing actions and tariff mitigation are higher priorities for margin stability. In the quarters ahead, the StockStory team will closely monitor (1) the pace and effectiveness of tariff mitigation measures, particularly the rollout of price increases and supply chain adjustments; (2) the trajectory of demand recovery in the Precision Technologies segment, especially customer investment cycles in semiconductor and electronics markets; and (3) progress on the Ralliant separation and subsequent updates on strategic priorities for both Fortive and the spun-off entity. The impact of new product launches and expansion into high-growth markets will also be critical markers of execution. Fortive currently trades at a forward P/E ratio of 17.8×. Should you load up, cash out, or stay put? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-04-2025
- Business
- Yahoo
Fortive (NYSE:FTV) Drops 12% Over One Week During Market Turbulence Caused By President Trump's Tariffs
Fortive has recently sustained a 12% decline in its share price over the last week. This comes amid two key announcements: the appointment of Mark D. Okerstrom as Senior Vice President and the affirmation of a regular quarterly dividend of $0.08 per share. These developments, while significant, occurred during a period of substantial market turmoil, primarily due to President Trump's introduction of tariffs that led the Dow Jones to plummet 7.9%, while the S&P 500 dropped 9.1%. This widespread bear market pressure likely played a substantial role in Fortive's recent share performance. Buy, Hold or Sell Fortive? View our complete analysis and fair value estimate and you decide. We've found 26 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The past five years have seen Fortive's total shareholder return reach 28.28%. During this period, the company embarked on numerous initiatives to enhance its market position and optimize shareholder returns. A significant development was the planned spin-off of the Precision Technologies segment into Ralliant, set to occur in the third quarter of 2025. This move is aimed at unlocking long-term value and focusing resources. Fortive's commitment to innovation also played a crucial role, with the launch of AI-based products supporting market share expansion in sectors like energy storage. Additionally, Fortive executed a share repurchase program, buying back approximately 6.2 million shares for US$465.06 million, which supported EPS growth. Relative to the market and the US Machinery industry, Fortive faced challenges. Its earnings growth of 11.1% per year over the past five years contrasts with a negative earnings growth (-3.8%) over the past year. In comparison to the last year, Fortive's one-year return underperformed both the US Market and the US Machinery industry. Despite these hurdles, analysts have shown confidence with future predictions, expecting continued earnings growth outpacing the broader market. Take a closer look at Fortive's potential here in our financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:FTV. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
