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Apr 02, 2021
Vontier Q1 2021 Earnings Report
Vontier's Q1 2021 results were reported with double-digit core revenue and earnings growth, margin expansion, and strong free cash flow.
Key Takeaways
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.
Revenue increased by 16.1% year-over-year, reaching $707.4 million.
Core revenue grew by 14.3% compared to the previous year.
Net earnings were reported at $91.0 million, or $0.54 per share.
Adjusted net earnings amounted to $107.7 million, or $0.63 per share.
Forward Guidance
Vontier anticipates for the second quarter of 2021, diluted net earnings per share to be in the range of $0.43 to $0.47 and adjusted diluted net earnings per share to be in the range of $0.50 to $0.54. For the full year 2021, Vontier anticipates diluted net earnings per share to be in the range of $2.25 to $2.35 and adjusted diluted net earnings per share to be in the range of $2.55 to $2.65.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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