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Dec 31, 2022
Vontier Q4 2022 Earnings Report
Vontier reported a strong Q4 2022 with revenue up 10% and adjusted EPS exceeding prior guidance.
Key Takeaways
Vontier Corporation reported a 10% increase in revenue to $871.9 million for Q4 2022. GAAP diluted EPS was $0.43, while adjusted diluted EPS was $0.81, exceeding the prior guidance. The company's core revenue growth was 10.3%, driven by increased demand for fueling aftermarket & services, alternative fuel dispensing, environmental products, and car wash technologies.
Revenues increased by 10% to $872 million compared to the prior year.
Core revenue growth was 10% (11% excluding EMV).
GAAP diluted EPS was $0.43.
Adjusted diluted EPS was $0.81, surpassing the prior guidance of $0.73 to $0.78.
Forward Guidance
Vontier anticipates a decline in total revenue and adjusted operating profit margin for 2023, but expects positive adjusted diluted EPS and adjusted free cash flow conversion.
Positive Outlook
- Baseline core revenue growth of +MSD
- Baseline adjusted operating profit margin expansion of 180 to 200 basis points
- Adjusted diluted EPS in the range of $2.73 to $2.83
- Adjusted free cash flow conversion of ~90-100%
Challenges Ahead
- Total revenue down low-to-mid-single digits
- Core revenue down mid-single digits
- Adjusted operating profit margin down 60 to 80 basis points
Historical Earnings Impact
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Avg. Return Before/After Earnings
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