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Sep 27, 2024
Vontier Q3 2024 Earnings Report
Vontier reported solid third quarter results, exceeding expectations due to strong momentum in Convenience Retail and Fueling markets.
Key Takeaways
Vontier's third-quarter sales reached $750 million, a 2% decrease year-over-year, but core sales increased by 3%. GAAP diluted net EPS was $0.60, while adjusted diluted net EPS was $0.73. The company's operating cash flow stood at $122 million, with an adjusted free cash flow of $109 million, representing a 98% adjusted free cash flow conversion. Vontier narrows full year 2024 adjusted diluted net EPS to midpoint of ~$2.90.
Sales of $750 million, down 2% vs. prior year; Core sales increased 3%.
GAAP diluted net EPS of $0.60; Adjusted diluted net EPS of $0.73.
Operating cash flow was $122 million; Adjusted free cash flow was $109 million, representing 98% Adjusted free cash flow conversion.
Initiates Q4 2024 guidance for adjusted diluted net EPS of ~$0.79
Vontier
Vontier
Vontier Revenue by Segment
Revenue by Segment
Repair Solutions Revenue
CapyFin.com Forward Guidance
Vontier initiates Q4 2024 guidance for adjusted diluted net EPS of ~$0.79 and narrows full year 2024 adjusted diluted net EPS to midpoint of ~$2.90.
Positive Outlook
- Total sales approximately $770 million for Q4 2024
- Core sales approximately +1.5% for Q4 2024
- Adjusted diluted net earnings per share approximately $0.79 for Q4 2024
- Total sales $2,955 to $2,985 million for full year 2024
- Core sales +0.7% to +1.7% for full year 2024
Challenges Ahead
- Adjusted operating profit margin approximately flat year-over-year for full year 2024
- Adjusted diluted net earnings per share in the range of $2.86 to $2.92 for full year 2024
- Adjusted free cash flow conversion of ~90% for full year 2024
- Adjusted operating profit margin down approximately 20 basis points year-over-year for Q4 2024