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Sep 25, 2020
Vontier Q3 2020 Earnings Report
Vontier reported strong double-digit earnings growth, driven by the resiliency of its portfolio and the Vontier Business System.
Key Takeaways
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.
Delivered strong double-digit earnings growth, reflecting the resiliency of the portfolio.
The Vontier Business System drove working capital productivity, generating substantial free cash flow.
The separation from Fortive is complete.
Have ample balance sheet flexibility to fund future M&A.
Forward Guidance
Vontier anticipates that core revenue growth will be in the mid-single digit range with adjusted core operating margin expansion greater than 200bps excluding the anticipated impact of restructuring for the fourth quarter 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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