Fortive Corp. (NYSE: FTV), Everett, WA, reported sales for 2016 of $6.2 billion, a 0.7 percent increase over the same period a year ago. Profit increased 1 percent to $872.3 million.
For the fourth quarter, sales were $1.6 billion, up 3.3 percent year-over-year. Profit decreased 4.9 percent to $224.5 million.
Prior to July 2, 2016, Fortive operated as part of Danaher Corp. and the historical financial measures for periods prior to July 2 were derived from Danaher's accounting records and were presented on a carved-out basis.
