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Jul 02, 2021

Vontier Q2 2021 Earnings Report

Vontier exceeded expectations on all metrics, demonstrating strong execution and rigorous application of the Vontier Business System.

Key Takeaways

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.

Revenue increased 35.8% year-over-year to $724.6 million.

Core revenue growth was 32.7%.

Diluted net earnings per share were $0.48.

Adjusted diluted net earnings per share were $0.61.

Total Revenue
$725M
Previous year: $534M
+35.8%
EPS
$0.61
Previous year: $0.4
+52.5%
Core Revenue Growth
32.7%
Gross Profit
$319M
Previous year: $231M
+37.9%
Cash and Equivalents
$703M
Free Cash Flow
$42.5M
Previous year: $173M
-75.4%
Total Assets
$3.34B

Vontier

Vontier

Forward Guidance

For the third quarter of 2021, Vontier anticipates diluted net earnings per share to be in the range of $0.63 to $0.66 and adjusted diluted net earnings per share to be in the range of $0.71 to $0.74. For the full year 2021, Vontier anticipates diluted net earnings per share to be in the range of $2.39 to $2.44 and adjusted diluted net earnings per share to be in the range of $2.77 to $2.82.