RALEIGH, N.C., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Driivz, a Vontier (NYSE: VNT) company and part of its EVolve™ e-mobility portfolio, today announced a partnership with ON the RUN Charging to install its electrical vehicle (EV) charging and energy management software across chargers located at convenience stores in Canada. ON the RUN Charging is one of the largest EV fast charging networks in Canada with EV chargers strategically placed along highways and in major destinations across British Columbia, Albert ...

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Nearly a year ago, I concluded that mobility player Vontier Corporation ( VNT ) was on the move. Shares had doubled in the 15-month period before, as modest growth resulted in a modest re-rating, ...

Core Insights - Driivz, a Vontier company, has launched a new end-to-end service solution for Level 1 and Level 2 support services aimed at EV charge point operators, addressing the industry's need for improved performance and customer care globally [1][3] Industry Context - The EV charging industry is facing challenges, with a recent Harvard Business School study indicating that U.S. charging stations have an average reliability score of only 78%, meaning 20% of stations are non-functional [3] - New regulations in the U.K. require public charge point operators to provide a 24/7 customer help line, reflecting the growing demand for enhanced customer experiences in the EV charging sector [3] Service Offering Details - The new service includes a 24/7 international call center capable of supporting over 30 languages, staffed by more than 150 trained agents who can troubleshoot various issues related to EV charging [2][4] - Driivz's Level 2 charging support is facilitated through Konect's Network Operations Center, which offers proactive monitoring and remote issue resolution for charging sites [4] Company Commitment - The CEO of EVolve emphasized the company's dedication to the success of charge point operators, highlighting the importance of driver satisfaction and operational transparency in the new service offering [5] Company Overview - Driivz is recognized as a leading global software supplier for EV charging operators, managing over a hundred thousand public chargers and millions of events for EV drivers across 32 countries [6][7]

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

[PART I - FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (unaudited)](index=3&type=section&id=Item%201%2E%20Financial%20Statements%20(unaudited)) Vontier's unaudited Q2 and H1 2023 financial statements detail balance sheets, income, equity, cash flows, and notes [Consolidated Condensed Balance Sheets](index=3&type=section&id=Consolidated%20Condensed%20Balance%20Sheets) Total assets decreased to **$4.21 billion**, liabilities to **$3.50 billion**, and equity increased to **$701.4 million** Consolidated Condensed Balance Sheet Highlights (in millions) | Account | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $1,276.2 | $1,385.0 | | **Total Assets** | $4,205.6 | $4,343.3 | | **Total Current Liabilities** | $846.2 | $929.9 | | **Long-term Debt** | $2,422.4 | $2,585.7 | | **Total Liabilities** | $3,504.2 | $3,763.8 | | **Total Equity** | $701.4 | $579.5 | [Consolidated Condensed Statements of Earnings and Comprehensive Income (Loss)](index=4&type=section&id=Consolidated%20Condensed%20Statements%20of%20Earnings%20and%20Comprehensive%20Income%20(Loss)) Q2 2023 sales decreased to **$764.4 million**, but net earnings rose to **$97.3 million** due to a business sale gain Key Performance Indicators - Q2 2023 vs Q2 2022 (in millions, except per share amounts) | Metric | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | Sales | $764.4 | $776.4 | | Gross Profit | $348.1 | $348.1 | | Operating Profit | $120.6 | $136.5 | | Net Earnings | $97.3 | $33.3 | | Diluted EPS | $0.62 | $0.21 | Key Performance Indicators - H1 2023 vs H1 2022 (in millions, except per share amounts) | Metric | H1 2023 | H1 2022 | | :--- | :--- | :--- | | Sales | $1,540.8 | $1,524.5 | | Gross Profit | $701.1 | $683.4 | | Operating Profit | $254.4 | $271.3 | | Net Earnings | $180.1 | $283.5 | | Diluted EPS | $1.15 | $1.73 | [Consolidated Condensed Statements of Cash Flows](index=7&type=section&id=Consolidated%20Condensed%20Statements%20of%20Cash%20Flows) H1 2023 operating cash flow improved to **$158.5 million**, investing activities provided **$103.5 million**, and cash increased **$39.5 million** Cash Flow Summary - Six Months Ended (in millions) | Cash Flow Category | June 30, 2023 | July 1, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $158.5 | $48.5 | | Net cash provided by (used in) investing activities | $103.5 | $(220.2) | | Net cash used in financing activities | $(222.6) | $(262.8) | | **Net change in cash and cash equivalents** | **$39.5** | **$(445.2)** | | **Ending balance of cash and cash equivalents** | **$244.0** | **$127.4** | [Notes to the Consolidated Condensed Financial Statements](index=8&type=section&id=Notes%20to%20the%20Consolidated%20Condensed%20Financial%20Statements) Notes explain Q1 2023 segment realignment, a business sale, assets held for sale, and share repurchases - In Q1 2023, the company realigned its internal organization into three new reportable segments: Mobility Technologies, Repair Solutions, and Environmental & Fueling Solutions[21](index=21&type=chunk)[68](index=68&type=chunk) - On April 14, 2023, the company completed the sale of its Global Traffic Technologies business for **$108.0 million**, resulting in a preliminary gain of **$34.1 million**[92](index=92&type=chunk) - The Coats (Hennessy) business was classified as held for sale, with total assets of **$53.5 million** and liabilities of **$29.0 million** as of June 30, 2023[93](index=93&type=chunk)[94](index=94&type=chunk) - During the six months ended June 30, 2023, the company repurchased **2.0 million shares** for **$50.0 million**; as of June 30, 2023, **$378.9 million** remained authorized for future repurchases[91](index=91&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=25&type=section&id=Item%202%2E%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Q2 2023 sales declined **1.5%** due to EMV, despite segment growth; gross margin improved, but operating margin decreased [Overview and Outlook](index=26&type=section&id=Overview%20and%20Outlook) Vontier realigned into three segments, expecting a 2023 total sales decline due to EMV, but mid-single-digit core sales growth - The company now operates through three reportable segments: Mobility Technologies, Repair Solutions, and Environmental & Fueling Solutions[103](index=103&type=chunk) - The 2023 outlook anticipates a year-over-year decline in total sales due to the end of the EMV upgrade cycle, but expects mid-single-digit core sales growth excluding this specific headwind[106](index=106&type=chunk) [Results of Operations](index=27&type=section&id=Results%20of%20Operations) Q2 2023 sales decreased **1.5%** to **$764.4 million** due to EMV, with improved gross margin but declining operating margin Consolidated Sales Growth Components vs. Prior Year | Component | Q2 2023 | H1 2023 | | :--- | :--- | :--- | | Total Sales Growth (GAAP) | (1.5)% | 1.1% | | Core Sales (Non-GAAP) | (1.6)% | 1.1% | | Acquisitions (Non-GAAP) | 0.9% | 1.3% | | Currency Exchange Rates (Non-GAAP) | (0.8)% | (1.3)% | Segment Sales Growth (GAAP) - Q2 2023 vs Q2 2022 | Segment | % Change | | :--- | :--- | | Mobility Technologies | 13.4% | | Repair Solutions | 5.8% | | Environmental & Fueling Solutions | (9.6)% | - Gross profit margin increased by **70 basis points** in both Q2 and H1 2023 compared to the prior year, reaching **45.5%**[108](index=108&type=chunk)[119](index=119&type=chunk)[120](index=120&type=chunk) - Operating profit margin decreased by **180 basis points** to **15.8%** in Q2 2023, primarily due to increased SG&A and R&D expenses[108](index=108&type=chunk)[125](index=125&type=chunk) [Liquidity and Capital Resources](index=33&type=section&id=Liquidity%20and%20Capital%20Resources) Vontier maintains strong liquidity with **$244.0 million** cash and **$750.0 million** credit, generating **$158.5 million** from H1 2023 operations - The company's liquidity position as of June 30, 2023, included **$244.0 million** in cash and **$750.0 million** of available borrowing capacity[146](index=146&type=chunk) - In the first six months of 2023, the company voluntarily repaid **$165.0 million** of its Three-Year Term Loans Due 2024[148](index=148&type=chunk) - The company repurchased **2.0 million shares** for **$50.0 million** in H1 2023[148](index=148&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203%2E%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risk disclosures occurred in H1 2023 compared to the 2022 Annual Report on Form 10-K - There were no material changes to the market risk information previously disclosed in the Company's 2022 Annual Report on Form 10-K[163](index=163&type=chunk) [Item 4. Controls and Procedures](index=36&type=section&id=Item%204%2E%20Controls%20and%20Procedures) Management concluded disclosure controls were effective, with no material changes to internal control over financial reporting in Q2 2023 - Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2023[164](index=164&type=chunk) - No material changes were made to the company's internal control over financial reporting during the second quarter of 2023[165](index=165&type=chunk) [PART II - OTHER INFORMATION](index=37&type=section&id=PART%20II%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=37&type=section&id=Item%201%2E%20Legal%20Proceedings) Management anticipates no material adverse effect on financial condition or operations from current legal proceedings - The company does not expect current legal proceedings to have a material adverse effect on its financial condition or results of operations[167](index=167&type=chunk) [Item 1A. Risk Factors](index=37&type=section&id=Item%201A%2E%20Risk%20Factors) No material changes to risk factors previously reported in the 2022 Annual Report on Form 10-K occurred in Q2 2023 - No material changes to the risk factors disclosed in the 2022 Annual Report on Form 10-K occurred during Q2 2023[169](index=169&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=Item%202%2E%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q2 2023, Vontier repurchased **1.1 million** shares at **$28.55**, with **$378.9 million** remaining for future repurchases Share Repurchase Activity - Q2 2023 | Period | Total Shares Purchased (millions) | Average Price Paid per Share | Approximate Dollar Value Remaining for Purchase ($ millions) | | :--- | :--- | :--- | :--- | | April 29 - May 26, 2023 | 1.1 | $28.55 | $378.9 | - The company's Board of Directors approved a replenishment of the share repurchase program in May 2022, bringing the total authorization to **$500.0 million**[170](index=170&type=chunk) [Item 5. Other Information](index=38&type=section&id=Item%205%2E%20Other%20Information) No directors or executive officers adopted, modified, or terminated Rule 10b5-1 trading plans during Q2 2023 - No directors or executive officers adopted, modified, or terminated any Rule 10b5-1 trading plans during Q2 2023[174](index=174&type=chunk) [Item 6. Exhibits](index=38&type=section&id=Item%206%2E%20Exhibits) Exhibits include CEO and CFO certifications under Sarbanes-Oxley Act of 2002 and Inline XBRL documents - The report includes required certifications from the CEO and CFO under the Sarbanes-Oxley Act of 2002[175](index=175&type=chunk)