Vontier Q1 2022 Earnings Report
Key Takeaways
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.
Revenue increased by 5.7% year-over-year to $748.1 million.
Net earnings reached $250.2 million, with diluted net earnings per share at $1.50.
Adjusted net earnings were $115.9 million, resulting in adjusted diluted net earnings per share of $0.70.
The company deployed $441.9 million in capital, including $257.0 million for share repurchases.
Vontier
Vontier
Forward Guidance
Vontier anticipates for the second quarter of 2022, diluted net earnings per share to be in the range of $0.57 to $0.61 and adjusted diluted net earnings per share to be in the range of $0.68 to $0.72. For the full year 2022, Vontier anticipates diluted net earnings per share to be in the range of $3.72 to $3.82 and adjusted diluted net earnings per share to be in the range of $3.20 to $3.30.