Vontier(VNT)

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Driivz Concludes 2024 with Significant Growth for its EV Charging & Energy Management Platform
GlobeNewswire News Room· 2024-12-19 13:00
RALEIGH, N.C., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Driivz, a Vontier (NYSE: VNT) company and part of its EVolve™ e-mobility portfolio, today shares an update on its most recent customers who have gone live in utilizing its EV charging software. As a leading global software supplier to EV charging operators and service providers, Driivz works with some of the world’s most trusted and relied-on EV charging networks. With the EV market set to continue at a steady annual growth rate of 6.63% through 2029, accordi ...
Vontier(VNT) - 2024 Q3 - Quarterly Results
2024-10-31 10:48
Exhibit 99.1 Vontier Reports Strong Third Quarter 2024 Results and Narrows Full Year Guidance • 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 • Narrows full year 2024 adjusted diluted net EPS to midpoint of ~$2.90 RALE ...
Driivz Named a Leader in IDC MarketScape Report
GlobeNewswire News Room· 2024-10-23 12:29
RALEIGH, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Driivz, an EVolve™ e-mobility portfolio company of Vontier (NYSE: VNT) and leading global software supplier to EV charging operators and service providers, today announced it has been named a Leader in the IDC MarketScape: Worldwide Electric Vehicle Charging Management Solutions 2024 Vendor Assessment (doc # US49435523 October 2024). The IDC MarketScape report evaluated 13 worldwide vendors of EV charging management solutions, highlighting the critical role o ...
Vontier(VNT) - 2024 Q1 - Quarterly Results
2024-05-02 10:43
Exhibit 99.1 Vontier Reports First Quarter 2024 Results and Maintains Full Year Outlook Resilient end markets and our Connected Mobility strategy, coupled with a comprehensive suite of industry- leading solutions and a commitment to innovation continue to drive growth and unlock value. RALEIGH, North Carolina, May 2, 2024 -- Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, today announced results for the fi ...
Vontier(VNT) - 2023 Q4 - Annual Report
2024-02-15 20:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Registrant's telephone number, including area code: (984) 275-6000 Securities registered pursuant to Section 12 ...
Vontier(VNT) - 2023 Q2 - Earnings Call Presentation
2023-08-06 10:50
Q2 2023 Earnings Results Safe Harbor and Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation's (the "Company's") business and acquisition opportunities, anticipated sales growth, anticipated operating margin expansion, anticipated cash flow, and anticipated earnings growth, and any other statements identified by their use of words like "ant ...
Vontier(VNT) - 2023 Q2 - Quarterly Report
2023-08-03 18:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39483 ________________________________________________ Vontier Corporation (Exac ...
Vontier(VNT) - 2023 Q1 - Earnings Call Transcript
2023-05-06 23:34
Financial Data and Key Metrics Changes - Reported revenue of $776 million increased by 4% on a core basis, or an 11% baseline increase excluding the impact of the EMV sunset [23] - Adjusted operating profit of $161 million declined slightly versus the prior year, with an adjusted operating profit margin of 20.8%, down approximately 100 basis points [23] - Adjusted earnings per share of $0.68 was above guidance and relatively flat with the prior year despite an $0.11 headwind from EMV [24] - Adjusted free cash flow in the quarter was $78 million, representing 73% conversion ahead of normal seasonality [24] Business Line Data and Key Metrics Changes - **Mobility Technologies**: Sales increased over 18%, with core growth of 12%. DRB grew over 20%, and ANGI sales were up over 30% [25] - **Repair Solutions**: Revenue increased over 10% to $181 million, supported by record sales during the Matco Expo event [28] - **Environmental & Fueling Solutions**: Reported revenues declined approximately 4% to $314 million, but baseline core revenues increased 10% excluding EMV impact [29] Market Data and Key Metrics Changes - Demand for U.S. dispensers is tracking ahead of initial expectations, driven by robust new site builds and site refresh activity [29] - Environmental Solutions demand benefits from regulations across multiple regions, while aftermarket parts leverage a large installed base for growth [30] Company Strategy and Development Direction - The company is focused on a connected mobility strategy, emphasizing operational excellence, core growth acceleration, and leveraging adjacent markets [10][11] - Recent strategic initiatives include the sale of GTT for $107 million to strengthen the balance sheet and return capital to shareholders [9] - The company aims to optimize its cost structure and achieve multiyear margin expansion opportunities [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook due to healthy end markets and strong secular drivers [43] - The company raised its adjusted EPS guidance for the full year, reflecting strong first-quarter results and solid end market demand [36] - Management remains vigilant in the current macro environment but is optimistic about the fundamentals and momentum of the strategy [10] Other Important Information - The company is targeting a reduction in absolute Scope 1 and Scope 2 emissions by 45% and Scope 3 emissions by 25% by 2030 [21] - The company has a diverse customer base across various sectors, including car wash, multi-energy fueling, and convenience retail, which are facing common challenges [39] Q&A Session Summary Question: Can you help us understand the core sales outlook for the second quarter? - Management indicated confidence in the outlook due to healthy markets and strong secular tailwinds across all segments [43][45] Question: What is the phasing of the $300 million EMV sales headwinds through the year? - The EMV headwind is more back-end weighted, with approximately 60% expected in the second half of the year [47] Question: How were orders tracking versus Q4? - Orders remained strong with a book-to-bill of 1, despite accelerated backlog deliveries due to easing supply chain conditions [48][49] Question: What was the breakdown of price versus volume in organic growth? - Approximately 40% of the growth came from price, with 60% from volume growth [50] Question: Can you discuss the franchisee momentum in Repair Solutions? - The company reported strong franchisee additions in Q1, indicating a positive outlook for the Matco business [55] Question: What are the expectations for pricing across businesses in Q1 and for the full year? - Pricing contributed about 4% to baseline growth in Q1, with expectations for 2% to 3% price increases for the full year [63]
Vontier(VNT) - 2023 Q1 - Quarterly Report
2023-05-05 15:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39483 ________________________________________________ Vontier Corporation (Exa ...
Vontier(VNT) - 2022 Q4 - Annual Report
2023-02-17 19:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39483 ________________________________________________ VONTIER CORPORATION (Exact na ...