Vontier Q2 2022 Earnings Report
Key Takeaways
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.
GAAP EPS was $0.21; Adjusted EPS of $0.72, up 18% driven by strong execution, price and cost performance, and capital allocation
Q2 revenue growth of 7% up 2% core, ahead of expectations, reflects double-digit growth at DRB and Environmental
Adjusted gross margin expanded 100 basis points driven by price and strong demand for Retail Solutions
Company signed a definitive agreement to acquire Invenco for $80 million
Vontier
Vontier
Forward Guidance
For the third quarter of 2022, Vontier anticipates diluted net earnings per share to be in the range of $0.72 to $0.77 and adjusted diluted net earnings per share to be in the range of $0.85 to $0.90. For the full year 2022, Vontier anticipates diluted net earnings per share to be in the range of $3.30 to $3.40 and adjusted diluted net earnings per share to be in the range of $3.20 to $3.30.