Vontier Q4 2020 Earnings Report
Key Takeaways
Vontier Corporation reported a 9.6% increase in revenue to $815.0 million for the fourth quarter of 2020, with net earnings of $136.8 million and diluted net earnings per share of $0.81. Adjusted diluted net earnings per share were $0.87, reflecting a 21% growth. The company anticipates positive momentum entering 2021.
Revenue increased by 9.6% year-over-year to $815.0 million.
Core revenue increased by 8.5%.
Net earnings were $136.8 million.
Adjusted diluted net earnings per share increased by 21%.
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Forward Guidance
Vontier anticipates for the first quarter of 2021, diluted net earnings per share to be in the range of $0.47 to $0.50 and adjusted diluted net earnings per share to be in the range of $0.52 to $0.55. For the full year 2021, Vontier anticipates diluted net earnings per share to be in the range of $2.15 to $2.25 and adjusted diluted net earnings per share to be in the range of $2.35 to $2.45.