Vontier(US:VNT)2025-05-01 10:43Financial Performance - Reported sales for Q1 2025 were $741.1 million, a decline of 1.9% year-over-year, with core sales decreasing by 0.7%[3] - Operating profit for Q1 2025 was $130.1 million, down 8.4% from the prior year, resulting in an operating profit margin of 17.6%[3] - Net earnings for the three months ended March 28, 2025, were $87.9 million, down 35.7% from $136.8 million in the prior year[24] - Operating profit for the three months ended March 28, 2025, was $130.1 million, representing a margin of 17.6%, compared to $142.1 million and a margin of 18.8% in the same period last year[26] - Adjusted diluted net earnings per share for Q1 2025 were $0.77, with net earnings of $87.9 million[5] - Diluted Net Earnings Per Share (GAAP) decreased to $0.59 from $0.88 year-over-year[42] - Adjusted Diluted Net Earnings Per Share (Non-GAAP) increased to $0.77, up from $0.74 in the previous year[42] Segment Performance - Mobility Technologies segment reported a sales increase of 11.5% year-over-year, reaching $270.5 million, driven by strong demand for convenience retail payment solutions[7] - Repair Solutions segment experienced a significant sales decline of 16.1% year-over-year, totaling $153.0 million, impacted by macroeconomic pressures[8] - Environmental & Fueling Solutions segment sales were $329.8 million, a slight decrease of 0.4% compared to $331.0 million in the prior year[26] - The company reported a core sales growth of 12.7% in the Mobility Technologies segment, while Repair Solutions experienced a core sales decline of 15.9%[39] Cash Flow and Debt Management - Operating cash flow for Q1 2025 was $110 million, with adjusted free cash flow of $96 million, representing an 83% conversion rate[5] - Cash flows from operating activities increased to $110.4 million, compared to $91.5 million in the same period last year[24] - The ending balance of cash and cash equivalents was $333.6 million, down from $406.0 million at the end of the prior year[24] - The company reported a net leverage ratio of 2.6X at the end of Q1 2025, after repaying $50 million in debt during the quarter[12] - Total Debt stood at $2,102.5 million, resulting in a Net Leverage Ratio of 2.6[44] - The company issued $83.3 million in long-term debt during the financing activities, while repaying $133.3 million of long-term debt[24] Guidance and Future Outlook - The company maintains its full-year 2025 adjusted diluted net EPS guidance in the range of $3.00 to $3.15[5] - Q2 2025 guidance includes total sales expected between $725 million and $745 million, with core sales midpoint approximately +6%[12] Adjusted Metrics - Adjusted operating profit for the three months ended March 28, 2025, was $160.6 million, with an adjusted operating profit margin of 21.7%[41] - Adjusted Net Earnings (Non-GAAP) were $114.9 million, slightly down from $115.7 million year-over-year[42] - Free Cash Flow (Non-GAAP) rose to $92.7 million, a 30.0% increase compared to $71.3 million in the same quarter last year[43] - Adjusted Free Cash Flow Conversion (Non-GAAP) improved to 83.2%, up from 67.6% year-over-year[43] - Adjusted EBITDA (Non-GAAP) for the three months ended March 28, 2025, was $173.4 million, compared to $680.2 million for the last twelve months[44] Investment Performance - The company reported a loss on equity investments of $3.6 million for the quarter, compared to a gain of $0.1 million in the same period last year[42]