Latest news with #Fortive
Yahoo
2 days ago
- Business
- Yahoo
$5.45 Bn Radiation Detection, Monitoring & Safety Markets - Global Forecast to 2030 with Fortive, Thermo Fisher Scientific, Mirion Technologies, Fuji Electric, Ludlum Measurements, and Ametek Leading
Global Radiation Detection Market to Reach USD 5.45 Billion by 2030, Driven by Healthcare Advances and Energy Sector GrowthThe worldwide radiation detection, monitoring & safety market is projected to grow from USD 3.38 billion in 2024 to USD 5.45 billion by 2030, at a CAGR of 8.3%. Increasing use of radiation in healthcare, expansion of nuclear energy, and stringent regulatory standards propel market growth. The demand for radiation detection systems is rising due to the widespread use of imaging technologies in diagnostics and cancer treatments. The radiation detection segment holds the largest market share, driven by the need for compliance and risk mitigation. The Asia Pacific region is expected to be the fastest-growing market. Key players include Fortive, Thermo Fisher Scientific, and Mirion Technologies. Radiation Detection, Monitoring & Safety Market Dublin, June 04, 2025 (GLOBE NEWSWIRE) -- The "Radiation Detection, Monitoring & Safety Market by Product (Personal Dosimeter, Monitor: Area Process, Environment, Surface: Material, Software), Detector: Gas-filled, Scintillator, Solid-state, Type (Body, Face, Hand, Apron) - Global Forecast to 2030" has been added to offering. The global radiation, detection, monitoring & safety market is projected to reach USD 5.45 billion by 2030 from USD 3.38 billion in 2024, growing at a CAGR of 8.3% The report will be beneficial for the new entrants or market leaders and smaller firms in this market in evaluating their investments in the radiation, detection, monitoring & safety sector through a thorough analysis of data as solid bases for risk assessment and well-validated investment decisions. Get detailed market segmentation on the end-user and regional dimensions for customized reporting that can be used to target a specific segment. This report will also contain an exhaustive assessment covering key trends, challenges, growth catalysts, and prospects so that strategic decisions can be made with complete insight. The escalating application of radiation across healthcare, coupled with the burgeoning nuclear energy sector, heightened security considerations, and rigorous regulatory standards, is propelling market expansion. The pervasive implementation of imaging modalities such as X-rays, computed tomography (CT), positron emission tomography (PET), and radiotherapy in clinical diagnostics and oncological treatment has generated substantial demand for advanced radiation detection and monitoring systems. These technologies are essential for ensuring the safety and protection of both patients and healthcare personnel. Prominent players in this market are Fortive (US), Thermo Fisher Scientific Inc. (US), Mirion Technologies Inc. (US), Fuji Electric Co., Ltd. (Japan), Ludlum Measurements, Inc. (US), and Ametek Inc.(US). By product, the radiation detection and monitoring products segment held the largest market share in 2024 The market is categorized into several segments: radiation detection and monitoring products, material monitors, and radioactive monitoring software. As of 2024, the radiation detection and monitoring products segment holds the largest global market share. Regulatory bodies such as the International Atomic Energy Agency (IAEA), the US Nuclear Regulatory Commission (NRC), and the Occupational Safety and Health Administration (OSHA) enforce stringent regulations for the continuous monitoring of radiation exposure among workers and environmental conditions. Industries such as nuclear power, manufacturing, oil & gas, and mining frequently encounter Naturally Occurring Radioactive Materials (NORM). This underscores the critical need for effective radiation detection and monitoring solutions to ensure compliance and mitigate risks. Moreover, the growing frequency of radiation leaks, accidental exposures, and contamination incidents has heightened the demand for advanced real-time monitoring capabilities, further driving the global need for sophisticated radiation detection instruments. The detectors segment held the largest market share in 2024, by composition The market is categorized into three primary segments: detectors, radiation protection products, and radiation safety products. In 2024, the detectors segment represented the largest global market share, driven by rising concerns over radiation exposure from nuclear waste, contaminated sites, and Naturally Occurring Radioactive Materials (NORM) commonly found in sectors such as mining and oil & gas. These environmental factors have escalated the demand for advanced radiation detectors. Regulatory frameworks established by agencies like the International Atomic Energy Agency (IAEA) and the Environmental Protection Agency (EPA) enforce strict protocols for radiation monitoring, further incentivizing the adoption of sophisticated detection technologies. The ongoing trends of miniaturization and technological advancements, particularly in solid-state detectors and real-time monitoring systems, have facilitated broader implementation across various industries. This evolution has positioned modern radiation detectors as essential tools, consolidating their dominance within the market landscape. The Asia Pacific region is expected to register the highest growth rate in the market during the forecast period The Asia Pacific (APAC) region, including major economies such as Japan, India, China, South Korea, Australia, and the Rest of Asia Pacific (RoAPAC), is projected to experience significant growth in the market. The market growth rate surpasses that of other regions, driven by factors including rapid industrialization, advancements in nuclear power initiatives, increased healthcare investments, and heightened security concerns related to radiation. Countries such as China, India, Japan, and South Korea have substantially invested in nuclear energy infrastructure to meet escalating energy demands. This trend has consistently created a robust need for effective radiation monitoring and safety solutions. Furthermore, the expansion of the healthcare sector, particularly the rising utilization of radiation-based diagnostic imaging techniques (such as X-rays, CT, and PET scans) and radiation therapies for cancer treatment, has intensified the demand for radiation detectors and monitoring instruments. The region also faces increased risks from nuclear terrorism and the illicit trafficking of radioactive materials. Consequently, governments must enhance their radiation detection capabilities at critical points, including borders, transportation hubs, and defense installations. Supporting this growth are favorable government policies, a rising public awareness surrounding radiation safety, and the strategic presence of key market players intensifying their operations within the Asia Pacific market. Collectively, these factors position the region as the fastest-growing market for radiation detection technologies globally. Key Attributes: Report Attribute Details No. of Pages 361 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $3.38 Billion Forecasted Market Value (USD) by 2030 $5.45 Billion Compound Annual Growth Rate 8.3% Regions Covered Global Market Dynamics Drivers Growing Number of PET/CT Scans Increasing Usage of Nuclear Medicine and Radiation Therapy Rising Military Expenditure for Homeland Security Increasing Safety Awareness Among People Working in Radiation-Prone Environments Restraints Increasing Use of Alternatives for Nuclear Energy Shift in Nuclear Energy Policies and Increased Nuclear Phase-Out Opportunities Technological Advancements in Radiation Detection Rising Focus on Nuclear Power in Developing Countries Challenges High Cost of Lead for Manufacturing Radiation Safety Products Shortage of Workforce and Skilled Professionals in Nuclear Power Industry Case Studies Comparison of Dose Assessments Using Environmental and Personal Dosimeters in Real-World Radiological and Nuclear Emergency Situations Long-Term Compliance and Safety Culture Through Radiation Monitoring With Personal Dosimeter Devices Assessment of Working Environment and Personal Dosimeter-Wearing Compliance of Industrial Radiographers Based on Chromosome Aberration Frequencies Company Profiles Thermo Fisher Scientific Inc. Mirion Technologies Inc. Fortive Ametek Inc. Fuji Electric Co., Ltd. Ludlum Measurements Inc. Arktis Radiation Detectors Ltd. Polimaster Europe Uab Amray Infab, Llc Iba Worldwide Bertin Technologies Radiation Detection Company Arrow-Tech, Inc. Centronic S.E. International, Inc. Atomtex Nucleonix Systems Alpha Spectra, Inc. Lnd, Inc. Bar Ray Products Trivitron Healthcare Micron Semiconductor Ltd. Scionix Holland B.V. Radcomm Systems Xena Shield Simad Srl Burlington Medical Radiation Protection Products Inc. Nuclear Shields For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Radiation Detection, Monitoring & Safety Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Business Wire
4 days ago
- Business
- Business Wire
Fortive and Ralliant to Webcast Investor Days
EVERETT, Wash.--(BUSINESS WIRE)--In connection with the pending separation of Ralliant Corporation ('Ralliant') on June 28, 2025, Fortive Corporation ('Fortive') (NYSE: FTV) will host a live video webcast of its Investor Day on Tuesday, June 10, 2025 in New York, including management presentations by Ralliant and Fortive. The Ralliant Investor Day will begin at 10:00 a.m. EDT, and the Fortive Investor Day will begin at approximately 1:30 p.m. EDT, with the day expected to conclude at approximately 4:00 p.m. EDT. A real-time webcast of the presentations will be accessible at and where related materials will be posted in connection with the presentations. Additional materials regarding Fortive's historical financial performance on a continuing operations basis will also be posted to the same section of Fortive's website. A replay of the webcast will be available following the presentation. ABOUT FORTIVE Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive's strategic segments - Intelligent Operating Solutions, Advanced Healthcare Solutions, and Precision Technologies - include well-known brands with leading positions in their markets. The company's businesses design, develop, service, manufacture, and market professional and engineered products, software, and services, building upon leading brand names, innovative technologies, and significant market positions. Fortive is headquartered in Everett, Washington and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company's operating model is the Fortive Business System. For more information please visit: FORWARD-LOOKING STATEMENTS Statements in this release that are not strictly historical, including statements regarding Fortive's pending spin-off of the outstanding shares of common stock of Ralliant, including the timing thereof or the tax-efficient nature thereof, and any other statements regarding events or developments that we believe or anticipate will or may occur in the future are 'forward-looking' statements within the meaning of the federal securities laws. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things: the ability to satisfy the conditions to, and complete, the transaction on a timely basis or at all, including the ability to obtain regulatory approvals, the ability of Fortive or Ralliant to realize the benefits of the transaction, Fortive's and Ralliant's performance and maintenance of important business relationships pending closing of the transaction, the possibility that the share repurchase programs may be suspended or discontinued, deterioration of or instability in the economy, the markets we serve, international trade policies and deteriorating trade relations with other countries, including imposition of tariffs and retaliatory tariffs between United States and China and other countries, responsive economic nationalism, trade restrictions, and enhanced regulation, the financial markets, geopolitical conditions and conflicts, security breaches or other disruptions of our information technology systems, supply chain constraints, our ability to adjust purchases and manufacturing capacity to reflect market conditions, reliance on sole sources of supply, contractions or lower growth rates and cyclicality of markets we serve, competition, changes in industry standards and governmental regulations, our ability to recruit and retain key employees, our ability to successfully identify, consummate, integrate and realize the anticipated value of appropriate acquisitions and successfully complete divestitures and other dispositions, our ability to develop and successfully market new products, software, and services and expand into new markets, the potential for improper conduct by our employees, agents or business partners, contingent liabilities relating to acquisitions and divestitures, impact of changes to tax laws, our compliance with applicable laws and regulations and changes in applicable laws and regulations, risks relating to international economic, geopolitical, including war and sanctions, legal, compliance and business factors, risks relating to potential impairment of goodwill and other intangible assets, currency exchange rates, tax audits and changes in our tax rate and income tax liabilities, the impact of our debt obligations on our operations, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, our ability to adequately protect our intellectual property rights, risks relating to product, service or software defects, product liability and recalls, risks relating to product manufacturing, our relationships with and the performance of our channel partners, commodity costs and surcharges, adverse effects of restructuring activities, our plans to separate into two independent, publicly-traded companies, risk related to tax treatment of our prior or pending separation, impact of our indemnification obligation to Vontier, impact of changes to U.S. GAAP, labor matters, and disruptions relating to man-made and natural disasters and climate change. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 28, 2025. These forward-looking statements speak only as of the date of this presentation, and Fortive does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
Yahoo
29-05-2025
- Business
- Yahoo
Fortive Expands Buybacks, Announces Pro Rata Ralliant Stock Dividend
Fortive Corporation FTV has announced a significant expansion of its share repurchase efforts, reflecting strong confidence in its long-term growth prospects and disciplined capital allocation strategy. The company's board of directors has authorized an increase of approximately 15.63 million shares under its general share repurchase program. This brings the total number of shares available for buyback to 20 million, including the 4.37 million shares remaining from prior authorizations. The general repurchase program remains open-ended with no expiration date, allowing Fortive to repurchase shares at its discretion over time. Aligned with this, Fortive has also introduced a Special Purpose Share Repurchase Program. This program permits the company to repurchase up to $550 million of its common stock using proceeds from the anticipated $1.15 billion pre-separation dividend to be received from Ralliant Corporation, Fortive's Precision Technologies segment, which is set to spin off on June 28, 2025. The company may also use any additional cash received from Ralliant in connection with the separation. Fortive Corporation price-consensus-chart | Fortive Corporation Quote Along with this, the company announced that its board has approved the distribution of 100% of the outstanding shares of Ralliant Corporation to Fortive shareholders through a pro rata dividend. Shareholders of record, as of the close of business on June 16, 2025, will receive one share of Ralliant common stock for every three shares of Fortive common stock they own. The distribution is scheduled to occur on June 28, 2025. Shareholders entitled to fractional shares will instead receive a cash payment in lieu of those fractions. Management highlighted that Fortive has already allocated about 75% of its free cash flow toward share repurchases since first announcing the spin-off last year, and the renewed authorization underscores the company's focus on a balanced, value-driven capital deployment strategy continued focus on share buybacks is a strategic move aimed at enhancing bottom-line performance and delivering value to shareholders. In the first quarter, the company repurchased 2.5 million shares as planned, maintaining its consistent pace of buybacks. Fortive remains committed to using free cash flow for additional share repurchases as it progresses with the anticipated spin-off. Continued focus on returning cash to the company's shareholders is a positive signal, as it boosts the bottom line and supports stock price appreciation in the near term. Together, these initiatives underscore Fortive's confidence in its financial health and growth trajectory as it moves forward with transforming Ralliant into a fully independent public company. However, uncertain macro environment and tariff impacts, along with high debt and stiff competition, may hurt the company's performance. Fortive revised its 2025 guidance due to a delayed recovery in Precision Technologies and global tariff impacts. Before mitigation efforts, it estimates gross tariff costs of $190–$220 million, mainly from China, with a 60-40 split between New Fortive and Ralliant. For the second quarter, adjusted EPS is estimated to be 85-90 cents, including tariff headwinds. Tariffs are expected to weigh on second-quarter adjusted operating margins. Currently, Fortive has a Zacks Rank #4 (Sell). Shares of the company have lost 2.8% in the past year against no change for the Zacks Electronics - Testing Equipment industry. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Juniper Networks, Inc. JNPR, Ubiquiti Inc. UI and InterDigital, Inc. IDCC. JNPR presently sports a Zacks Rank #1 (Strong Buy), whereas UI and IDCC carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. In the last reported quarter, JNPR delivered an earnings surprise of 4.88%. Juniper Networks' long-term earnings growth rate is 12.4%. Its shares have inched up 2.3% in the past year. UI's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 29.93%. In the last reported quarter, Ubiquiti delivered an earnings surprise of 61.29%. Its shares have surged 184.7% in the past year. IDCC earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, with the average surprise being 160.15%. InterDigital's long-term earnings growth rate is 15%. Its shares have jumped 87.8% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report InterDigital, Inc. (IDCC) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Insider
28-05-2025
- Business
- Business Insider
Fortive announces replenishment of buyback authorization to 20M shares
Fortive (FTV) 'announced 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. 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.' Confident Investing Starts Here:
Business Wire
27-05-2025
- Business
- Business Wire
Fortive Announces Share Repurchase Authorizations
EVERETT, Wash.--(BUSINESS WIRE)--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. UPCOMING EVENTS Ralliant will host an investor day conference and innovation showcase at 10 a.m. ET on Tuesday, June 10, 2025 at NYSE. In addition, Fortive will host an investor day conference and innovation showcase on Tuesday, June 10, 2025 at NYSE, following the Ralliant investor day conference. A real-time webcast of the presentations will be accessible at and at where related materials will be posted prior to the presentations. ABOUT FORTIVE Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive's strategic segments - Intelligent Operating Solutions, Advanced Healthcare Solutions, and Precision Technologies - include well-known brands with leading positions in their markets. The company's businesses design, develop, service, manufacture, and market professional and engineered products, software, and services, building upon leading brand names, innovative technologies, and significant market positions. Fortive is headquartered in Everett, Washington and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company's operating model is the Fortive Business System. For more information please visit: FORWARD-LOOKING STATEMENTS Statements in this release that are not strictly historical, including statements regarding Fortive's plans with respect to share repurchases, ability to deliver shareholder value or return, future financial performance, Fortive's anticipated spin-off of the outstanding shares of common stock of Ralliant, including the timing thereof or the tax-efficient nature thereof, the anticipated cash distribution from Ralliant to Fortive, and any other statements regarding events or developments that we believe or anticipate will or may occur in the future are 'forward-looking' statements within the meaning of the federal securities laws. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things: the ability to satisfy the conditions to, and complete, the transaction on a timely basis or at all, including the ability to obtain regulatory approvals, the ability of Fortive or Ralliant to realize the benefits of the transaction, Fortive's and Ralliant's performance and maintenance of important business relationships pending closing of the transaction, the possibility that the share repurchase programs may be suspended or discontinued, deterioration of or instability in the economy, the markets we serve, international trade policies and deteriorating trade relations with other countries, including imposition of tariffs and retaliatory tariffs between United States and China and other countries, responsive economic nationalism, trade restrictions, and enhanced regulation, the financial markets, geopolitical conditions and conflicts, security breaches or other disruptions of our information technology systems, supply chain constraints, our ability to adjust purchases and manufacturing capacity to reflect market conditions, reliance on sole sources of supply, contractions or lower growth rates and cyclicality of markets we serve, competition, changes in industry standards and governmental regulations, our ability to recruit and retain key employees, our ability to successfully identify, consummate, integrate and realize the anticipated value of appropriate acquisitions and successfully complete divestitures and other dispositions, our ability to develop and successfully market new products, software, and services and expand into new markets, the potential for improper conduct by our employees, agents or business partners, contingent liabilities relating to acquisitions and divestitures, impact of changes to tax laws, our compliance with applicable laws and regulations and changes in applicable laws and regulations, risks relating to international economic, geopolitical, including war and sanctions, legal, compliance and business factors, risks relating to potential impairment of goodwill and other intangible assets, currency exchange rates, tax audits and changes in our tax rate and income tax liabilities, the impact of our debt obligations on our operations, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, our ability to adequately protect our intellectual property rights, risks relating to product, service or software defects, product liability and recalls, risks relating to product manufacturing, our relationships with and the performance of our channel partners, commodity costs and surcharges, adverse effects of restructuring activities, our plans to separate into two independent, publicly-traded companies, risk related to tax treatment of our prior or pending separation, impact of our indemnification obligation to Vontier, impact of changes to U.S. GAAP, labor matters, and disruptions relating to man-made and natural disasters and climate change. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 28, 2025. These forward-looking statements speak only as of the date of this presentation, and Fortive does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
