Vontier Earnings Reports

Vontier reported a slight decline in revenue due to divestitures, but core sales increased by 3.5%. Net income grew 16.3% YoY, and operating margin improved by 60 bps.

Vontier's third-quarter sales reached $750 million, a 2% decrease year-over-year, but core sales increased by 3%. GAAP diluted net EPS was $0.60, while adjusted diluted net EPS was $0.73. The company's operating cash flow stood at $122 million, with an adjusted free cash flow of $109 million, representing a 98% adjusted free cash flow conversion. Vontier narrows full year 2024 adjusted diluted net EPS to midpoint of ~$2.90.

Vontier Corporation reported a 9% year-over-year decline in sales to $696.4 million, with core sales down 3%. GAAP diluted net EPS was $0.45, and adjusted diluted net EPS was $0.63. The company lowered its full-year 2024 outlook and initiated Q3 2024 guidance, while also announcing an intent to execute an Accelerated Share Repurchase Plan.

Vontier Corporation reported a 3% decrease in sales to $756 million, but core sales increased by 4%. GAAP diluted net EPS was $0.88, while adjusted diluted net EPS was $0.74, exceeding prior guidance. The company generated $92 million in operating cash flow and $78 million in adjusted free cash flow, representing a 68% adjusted free cash flow conversion.

Vontier Corporation reported Q4 2023 results, with sales of $789 million, a 10% decrease year-over-year. GAAP diluted net EPS was $0.68, and adjusted diluted net EPS was $0.80, exceeding prior guidance. The company highlighted progress in its Connected Mobility strategy and operational excellence.

Vontier Corporation reported Q3 2023 sales of $765.4 million, a 3% year-over-year decline. GAAP diluted net EPS was $0.58, while adjusted diluted net EPS was $0.73, exceeding prior guidance. The company generated $128 million in adjusted free cash flow, representing a 113% adjusted free cash flow conversion. Vontier initiated Q4 2023 adjusted diluted net EPS guidance of $0.75 to $0.79 and narrowed full-year 2023 adjusted diluted net EPS guidance to $2.83 to $2.87.

Vontier Corporation announced its Q2 2023 results, with sales of $764.4 million, a 1.5% decrease year-over-year. GAAP diluted EPS was $0.62, while adjusted diluted net EPS was $0.67, exceeding prior guidance. The company has raised its full-year 2023 adjusted diluted net EPS guidance to $2.79 to $2.87.

Vontier Corporation reported a 3.8% year-over-year increase in sales to $776.4 million, driven by a 3.9% increase in core sales. GAAP diluted EPS was $0.53, while adjusted diluted net EPS was $0.68. The company is raising its full-year adjusted diluted net EPS guidance to $2.77 to $2.87.

Vontier Corporation reported a 10% increase in revenue to $871.9 million for Q4 2022. GAAP diluted EPS was $0.43, while adjusted diluted EPS was $0.81, exceeding the prior guidance. The company's core revenue growth was 10.3%, driven by increased demand for fueling aftermarket & services, alternative fuel dispensing, environmental products, and car wash technologies.

Vontier Corporation announced its Q3 2022 results, with revenue increasing by 2.5% year-over-year to $788.0 million. The company reported a GAAP EPS of $0.32 and an adjusted EPS of $0.86, which is up 8% compared to the prior year. Despite a challenging quarter, the company demonstrated strong execution and delivered solid bottom line performance.

Vontier Corporation reported a 7.2% increase in revenue to $776.4 million for Q2 2022, with core revenue up by 1.6%. GAAP EPS was $0.21, while adjusted EPS rose by 18% to $0.72. The company has reiterated its full-year 2022 GAAP EPS guidance of $3.30 - $3.40 and adjusted EPS guidance of $3.20 - $3.30.

Vontier Corporation announced its first quarter 2022 results, with a 5.7% increase in revenue year-over-year to $748.1 million. Net earnings were $250.2 million, or $1.50 per share, while adjusted net earnings were $115.9 million, or $0.70 per share. The company deployed $441.9 million of capital, including $257.0 million towards share repurchase. Vontier is raising its full-year 2022 adjusted diluted net earnings per share guidance.

Vontier Corporation reported a decrease in revenue for the fourth quarter of 2021, with a 3.1% year-over-year decline to $790.2 million. However, net earnings for the quarter were $112.4 million, and adjusted net earnings were $141.1 million. Full-year 2021 revenue increased by 10.6% year-over-year to $2,990.7 million, with net earnings of $413.0 million and adjusted net earnings of $489.8 million.

Vontier Corporation reported a 2.9% year-over-year increase in revenue for Q3 2021, reaching $768.5 million, with net earnings of $127.3 million, or $0.75 per share. Adjusted net earnings were $136.6 million, or $0.80 per share. The company successfully closed the acquisition of DRB, marking a significant step in diversifying its portfolio.

Vontier reported a strong second quarter in 2021, with revenue increasing by 35.8% year-over-year to $724.6 million and adjusted diluted net earnings per share increasing by 69% to $0.61. The company's performance was driven by robust order growth and healthy secular trends. Vontier also raised its full-year 2021 outlook.

Vontier Corporation reported a strong first quarter in 2021, with a 16.1% increase in revenue to $707.4 million and core revenue growth of 14.3%. Net earnings were $91.0 million, or $0.54 per share, while adjusted net earnings reached $107.7 million, or $0.63 per share. The company is raising its full-year 2021 adjusted EPS guidance based on this outperformance.

Vontier Corporation reported a 9.6% increase in revenue to $815.0 million for the fourth quarter of 2020, with net earnings of $136.8 million and diluted net earnings per share of $0.81. Adjusted diluted net earnings per share were $0.87, reflecting a 21% growth. The company anticipates positive momentum entering 2021.

Vontier Corporation reported a 4.5% increase in revenue to $746.7 million for the third quarter of 2020, with net earnings of $141.0 million and diluted net earnings per share of $0.84. Adjusted net earnings were $134.4 million, and adjusted diluted net earnings per share were $0.80. The company anticipates mid-single digit core revenue growth for the fourth quarter.