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Vontier(VNT) - 2021 Q2 - Earnings Call Presentation
2021-08-06 20:43
NONTIER 1 Second Quarter 2021 Earnings Release August 6, 2021 2 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 revenue growth, anticipated operating margin expansion, anticipated cash flow, and anticipated earnings growth, and any other statements identified by the ...
Vontier (VNT) Presents At Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference - Slideshow
2021-05-24 22:14
NONTIER" Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference May 20, 2021 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 revenue growth, anticipated operating margin expansion, anticipated cash flow, and anticipated earnings ...
Vontier(VNT) - 2021 Q1 - Earnings Call Transcript
2021-05-08 19:22
Financial Data and Key Metrics Changes - Adjusted earnings per share (EPS) for Q1 2021 was $0.63, a 43% increase year-over-year, exceeding guidance by $0.08 [9][20] - Adjusted net earnings for Q1 were $108 million, up 44% from $75 million in the prior year [20] - Core revenue growth in Q1 was 14.3%, driven by approximately 15% growth in non-EMV sales [21] - Adjusted operating profit for Q1 was $151 million, a 41% increase compared to the prior year [22] - Adjusted free cash flow for Q1 was $156 million, representing a conversion rate of 145% [23] Business Line Data and Key Metrics Changes - Mobility Technologies saw core revenue growth of 12.7%, primarily due to mid-teens growth in GVR [26] - Diagnostics and repair technologies platform experienced core revenue growth of 18.6%, driven by strong demand at Matco [27] - High-growth markets grew more than 25% year-over-year, with significant contributions from India and Latin America [21][28] Market Data and Key Metrics Changes - Developed markets grew low double-digits, with mid-teens growth in North America, partially offset by softness in Western Europe [28] - High-growth markets showed strong growth, particularly in India and Mexico [21][28] Company Strategy and Development Direction - The company is focusing on profitable growth initiatives and operational milestones, leveraging the Vontier Business System (VBS) [10][38] - There is a commitment to M&A as a top priority for capital deployment, with a healthy pipeline of non-ICE targets [54][57] - The company is navigating supply chain constraints and inflationary pressures while maintaining a focus on integrity and employee support [14][15][16] Management's Comments on Operating Environment and Future Outlook - Management raised full-year 2021 adjusted diluted net EPS guidance to $2.55 - $2.65, reflecting expectations for low to mid-single-digit core revenue growth [17] - The company anticipates continued challenges with supply chain and inflation but remains confident in managing these headwinds [15][32] - Management expects first-half adjusted EPS growth of approximately 40%, offset by a decline in the second half [36] Other Important Information - The company closed on $1.6 billion of senior notes at an average interest rate under 2.5%, improving its debt structure [24] - Net leverage decreased to 1.9 times from 2.2 times at the end of 2020, positioning the company favorably for M&A [25] Q&A Session Summary Question: Insights on second half 2021 expectations - Management indicated improved top-line visibility due to growth initiatives and better traction in high-growth markets, leading to a slight increase in second half expectations [44][46] Question: Impact of COVID in high-growth markets, particularly India - Management acknowledged the tragic situation in India but remains optimistic about growth in other high-growth markets [48] Question: M&A pipeline details - The company has a healthy pipeline focused on non-ICE targets, with opportunities in retail solutions and smart cities [53][54] Question: EMV backlog and its impact - Management confirmed the backlog remains strong, with expectations of a year-over-year decline impacting the second half of the year [62][65] Question: Margin outlook and restructuring charges - Management expects a significant step-up in second half profitability, with restructuring charges anticipated to be around $20 million for the year [71] Question: Supply chain constraints and inventory management - Management is looking to rebuild inventory while navigating supply chain pressures, indicating a desire for more inventory in the system [126]
Vontier(VNT) - 2021 Q1 - Earnings Call Presentation
2021-05-07 22:10
NONTIER® 1 First Quarter 2021 Earnings Release May 6, 2021 2 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 revenue growth, anticipated operating margin expansion, anticipated cash flow, and anticipated earnings growth, and any other statements identified by their ...
Vontier(VNT) - 2020 Q4 - Annual Report
2021-02-25 18:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR 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, 2020 ☐ 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 1-39483 ________________________________________________ VONTIER CORPORATION (Exact name ...
Vontier(VNT) - 2020 Q4 - Earnings Call Transcript
2021-02-12 21:10
Vontier Corporation (NYSE:VNT) Q4 2020 Earnings Conference Call February 11, 2021 8:00 AM ET Company Participants Lisa Curran - Vice President, Investor Relations Mark Morelli - President and Chief Executive Officer David Naemura - Senior Vice President and Chief Financial Officer Conference Call Participants Brian Lau - Wolfe Research Andrew Kaplowitz - Citigroup Julian Mitchell - Barclays Jeffrey Sprague - Vertical Research John Walsh - Credit Suisse David Raso - Evercore ISI John Inch - Gordon Hask ...
Vontier(VNT) - 2020 Q4 - Earnings Call Presentation
2021-02-11 18:49
Q4 2020 Financial Performance - Revenue increased to $815 million, a 9.6% total growth, with core revenue growth of 8.5%[14, 17] - Adjusted EPS reached $0.87, a 21% increase[11, 14] - Adjusted Core Operating Margin Expansion (OMX) increased by 240 bps[11, 15] Free Cash Flow - Adjusted Free Cash Flow (FCF) was $207 million, a 7% increase, with an Adjusted FCF conversion of 141%[11, 18, 19] - Full Year 2020 Adjusted FCF reached $616 million, a 46% increase, with a conversion rate of 147%[20, 21] Performance by Platform - Mobility Technologies revenue grew by 9.2%, with core revenue growth of 8.3%[24, 77, 78] - Diagnostics & Repair Technologies revenue increased by 11.3%, with core revenue growth of 9.2%[24, 77, 78] 2021 Outlook - Anticipated core revenue growth for FY21 is between -1% and +1%[26] - Expected Adjusted EPS for FY21 is between $2.35 and $2.45[26] - Anticipated Adjusted FCF conversion for FY21 is approximately 95%[26]