Fortive Corporation (FTV) JPMorgan Industrials Conference 2026 March 17, 2026 12:20 PM EDT
Company Participants
Mark Okerstrom – Senior VP & CFO
Conference Call Participants
C. Stephen Tusa – JPMorgan Chase & Co, Research Division
Presentation
C. Stephen Tusa
JPMorgan Chase & Co, Research Division
All right. We’re moving along with Mark Okerstrom from CFO of Fortive. Thank you so much for joining us here in lovely Washington, D.C.
Mark Okerstrom
Senior VP & CFO
Yes, thanks. Great to be here.
Question-and-Answer Session
C. Stephen Tusa
JPMorgan Chase & Co, Research Division
Yes. Just wanted to start off with a basic kind of background on what’s happening out in the world today, I kind of have to ask the question about exposures and anything that’s going on in the world that is a concern or impact for Fortive. Middle East wise?
Mark Okerstrom
Senior VP & CFO
Yes. Listen, I’d say we’re on track on the Fortive accelerated strategy, on track in terms of our strategic initiatives. The Middle East for us is a small portion of our revenue. It’s low single digits percentage of our revenue. We are seeing strong demand for products into the Middle East.
So Fluke Industrial Scientific that does gas sensors, again, seen strong demand, some challenges getting shipments into the Middle East. But again, generally, it’s a pretty small portion, and it’s — for better, for worse, it seems like it’s an opportunity as opposed to a risk for us.
C. Stephen Tusa
JPMorgan Chase & Co, Research Division
And how are you guys putting the Middle East and what’s happening over there aside. How are things kind of trending over the course of the quarter, kind of quarter-to-date, point-of-sale trends, software sales, anything like that?
Mark Okerstrom
Senior VP & CFO
Well, I would
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