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Dec 31, 2021
Vontier Q4 2021 Earnings Report
Vontier reported a decrease in revenue but an increase in net earnings compared to the same quarter last year, while full-year results showed growth in both revenue and earnings.
Key Takeaways
Vontier Corporation reported a decrease in revenue for the fourth quarter of 2021, with a 3.1% year-over-year decline to $790.2 million. However, net earnings for the quarter were $112.4 million, and adjusted net earnings were $141.1 million. Full-year 2021 revenue increased by 10.6% year-over-year to $2,990.7 million, with net earnings of $413.0 million and adjusted net earnings of $489.8 million.
Q4 revenue decreased by 3.1% year-over-year to $790.2 million.
Q4 net earnings were $112.4 million, and adjusted net earnings were $141.1 million.
Full-year revenue increased by 10.6% year-over-year to $2,990.7 million.
Full-year net earnings were $413.0 million, and adjusted net earnings were $489.8 million.
Forward Guidance
For the first quarter of 2022, Vontier anticipates diluted net earnings per share to be in the range of $0.55 to $0.58 and adjusted diluted net earnings per share to be in the range of $0.64 to $0.67. For the full year 2022, Vontier anticipates diluted net earnings per share to be in the range of $2.67 to $2.77 and adjusted diluted net earnings per share to be in the range of $3.05 to $3.15.
Positive Outlook
- Underlying demand for solutions is encouraging.
- Order growth is positive.
- Backlog trends are positive.
- Confident in the ability to continue to successfully execute organically.
- Confident in the ability to continue to successfully execute inorganically to deliver compounding earnings and cash flow growth.
Challenges Ahead
- Expect supply chain headwinds to extend into early 2022.
- Expect COVID-related headwinds to extend into early 2022.
- No other negatives were provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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