Vontier Corp

VNT

Equity

ISIN US9288811014 / Valor 52640233

New York Stock Exchange, Inc (2024-12-24)

USD 37.11+0.79%

Vontier Corp
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About company

Vontier Corp is a diversified technology company that provides innovative solutions to various industries. Through its subsidiaries, such as Matco Tools, Teletrac Navman, DRB, and Invenco by GVR, Vontier offers a range of software-enabled tools and services to help businesses improve their operations and drive success. From advanced diagnostic tools for automotive professionals to point-of-sale systems and payment solutions for car wash operators, Vontier's portfolio of brands covers a wide spectrum of industries and provides customers with the technology they need to thrive in today's competitive market. ANGI Energy Systems, another subsidiary of Vontier, focuses on building a low carbon, sustainable future through its alternative fueling platform. With a strong emphasis on innovation and customer success, Vontier Corp continues to lead the way in providing cutting-edge technology solutions to businesses worldwide.

Summarized from source with an LLMView SourceSector: Industrials

Sales Performance

In the third quarter of 2024, Vontier Corp reported sales of $750 million, marking a 2% decline compared to the previous year. Despite this, core sales saw an increase of 3%, driven by improved demand for retail fueling equipment and strong demand for convenience retail payment and enterprise productivity solutions.

Earnings Per Share

Vontier Corp's GAAP diluted net earnings per share for Q3 2024 were $0.60, while the adjusted diluted net earnings per share stood at $0.73. This reflects the company's ability to maintain profitability despite challenging market conditions.

Cash Flow

During the third quarter of 2024, Vontier Corp generated an operating cash flow of $122 million. The adjusted free cash flow was $109 million, representing a 98% conversion rate, indicating strong cash management and operational efficiency.

Segment Performance

The Environmental & Fueling Solutions segment reported a 5.5% increase in sales, reaching $349.9 million in Q3 2024. This growth was supported by strong performance in North America and international markets, particularly in dispenser equipment and environmental equipment sales.

Outlook

Vontier Corp has narrowed its full-year 2024 guidance, projecting adjusted diluted net earnings per share to be around $2.90. For Q4 2024, the company anticipates adjusted diluted net earnings per share to be approximately $0.79, reflecting a positive outlook for the remainder of the year.

Summarized from source with an LLMView Source

Key figures

7.85%1Y

22.2%3Y

%5Y

Performance

27.5%1Y

31.2%3Y

31.7%5Y

Volatility