(Reuters) -Fortive on Thursday forecast 2025 profit below Wall Street estimates, citing potential impacts from tariffs, sending the industrial products maker’s shares down more than 5% in premarket trading.
U.S. President Donald Trump’s tariffs on aluminum and steel, and levies on countries including China, have created a risk of disrupting an already-strained supply chain and increased costs for businesses.
The Everett, Washington-based company now expects its full-year adjusted profit to be in the range of $3.80 to $4.00 per share, compared to the analysts’ estimate of $4.02 per share, according to data compiled by LSEG.
Fortive also said it plans to complete the spinoff of its Precision Technologies segment by the end of the second quarter this year. The company had previously expected to complete the spinoff by the third quarter.
The company expects its adjusted profit for the current quarter to be in the range of 85 to 90 cents per share, compared to the analysts’ estimate of 98 cents per share.
It reported adjusted profit for the quarter ended March 28 of 85 cents per share, which came in line with the estimate.
Fortive’s quarterly sales fell 3.3% to $1.47 billion from a year earlier. Analysts on average were expecting sales of $1.49 billion.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Vijay Kishore)
