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Vontier Corporation - VNT STOCK NEWS

Welcome to our dedicated page for Vontier Corporation news (Ticker: VNT), a resource for investors and traders seeking the latest updates and insights on Vontier Corporation stock.

Vontier Corporation (NYSE: VNT) is a global industrial technology company dedicated to driving productivity, automation, and multi-energy technologies within the rapidly evolving mobility infrastructure industry. Spun off from Fortive in 2020, Vontier operates a diverse portfolio of solutions that enhance safety, efficiency, and sustainability in the transportation sector.

The company's offerings include environmental sensors, fueling equipment, field payment hardware, remote management and workflow software, and vehicle tracking and fleet management software. Notably, Vontier provides key technologies for traffic light control and vehicle mechanics. Their mobility technologies span fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, and traffic management. Additionally, their diagnostics and repair technologies encompass vehicle repair tools, toolboxes, automotive diagnostic equipment, and wheel-service equipment for automotive tire installation.

In 2023, Vontier achieved sales of approximately $3.1 billion, reflecting its robust market presence and the critical nature of its product suite. One of Vontier's significant initiatives includes the establishment of a $4 million Hydrogen Refueling Test Facility by its subsidiary ANGI Energy Systems in Janesville, Wisconsin. This facility aims to be a cornerstone in the research and development of hydrogen refueling infrastructure, which is pivotal for the future of clean energy in heavy-duty transportation.

ANGI, with over 40 years of expertise in gas compression equipment, launched its hydrogen business in 2022. The new facility, expected to be operational by July 2024, will support strategic expansion and play a vital role in testing hydrogen refueling station systems. This project will not only accelerate the development of low carbon technologies but also foster strategic partnerships and investment in the hydrogen economy. ANGI is also focusing on collaborations with local colleges to create apprenticeship opportunities, aiming to cultivate a highly skilled workforce.

Vontier's commitment to innovation is evident in its continuous development of advanced technologies and solutions that optimize and decarbonize the fleet industry. The company's culture is built on continuous improvement, leveraging the Vontier Business System to drive performance and innovation across its global operations.

For more details about Vontier and its comprehensive suite of products and services, visit the company's website.

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Vontier (NYSE: VNT), a global provider of critical technologies for the mobility ecosystem, has scheduled its second quarter 2024 earnings call for Thursday, August 1, 2024, at 8:30 a.m. ET. The company will release its Q2 2024 earnings results on the same day. Investors can access the call via webcast or by dialing +1 800-549-8228 with the conference ID: 92715.

Conference call materials will be available on Vontier's investor relations website prior to the call. A replay of the webcast will be accessible shortly after the presentation concludes, both on the website and by phone at +1 888-660-6264 using passcode 92715.

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A recent Vontier (NYSE: VNT) survey reveals that nearly 60% of drivers are willing to pay more for convenience store products if it means making just one stop. The study shows that 80% of motorists would even drive out of their way to visit their preferred convenience store. Despite rising food prices, consumers are placing a significant premium on convenience, with many willing to pay a 10-11% markup for items like made-to-order meals and snacks. The survey also highlights that 61% of respondents have a favorite convenience store, and almost half would delay a restroom break or risk driving on empty to reach it. Additionally, 62% value mobile ordering, and 73% appreciate extra services like car washes. The landscape of convenience stores is evolving, with new tech and services turning them into essential stops for travelers.

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Vontier (NYSE: VNT) has been named to TIME's inaugural World's Most Sustainable Companies 2024 list. Out of thousands of eligible companies, only 500 were selected, with less than 25% headquartered in the U.S. Vontier's recognition is based on its CDP score and alignment with GRI and SASB, among other metrics. Key sustainability achievements include a Total Recordable Incident Rate (TRIR) of .36, a 36% year-over-year reduction, and early achievement of its 2026 DART goal with a rate of .21, a 47% reduction. The company also reported a 20% year-over-year reduction in Scope 1 and 2 GHG emissions and increased representation of women and racial minorities in leadership roles.

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Vontier (NYSE: VNT) has published its 2024 Sustainability Report on World Environment Day, showcasing significant progress in safety, sustainability, and innovation. The report details key accomplishments over the past year across four main areas:

Better Team: Achieved a Total Recordable Incident Rate (TRIR) of 0.36, a 36% reduction year-over-year, and met its 2026 DART goal early with a rate of 0.21, a 47% reduction. Increased global leadership representation of women to 32% and U.S. ethnic/racial minorities to 27%.

Better Innovations: Supported decarbonization with multi-energy fueling solutions and drove safety innovations in payment security, underground leak prevention, and electric vehicle repair tools.

Better Planet: Joined the UN Global Compact's “Forward Faster” initiative and achieved a 20% reduction in Scope 1 and 2 GHG emissions year-over-year, totaling a 40% reduction from 2020 levels. Named a Finalist for the Reuters Global Energy Transition Awards.

Better Society: Contributed $1M in volunteer hours through the Vontier Day of Caring and achieved 100% employee participation in a psychological safety course.

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Vontier (NYSE: VNT) showcased technological innovations at the Retail Technology Conference, UNITI Expo, and ACT Expo in May 2024. These innovations include the Konect EV charging infrastructure, FlexPay 6 Payment Terminals, the iNFX cloud-based software, and the Electric Vehicle Evaluator tool. These solutions aim to modernize the mobility ecosystem through seamless integration, scalability, and enhanced customer experience. Vontier's commitment to innovation has led to a significant increase in product launches, positioning the company to capitalize on the growing investments in mobility infrastructure.

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Vontier (NYSE: VNT), a global provider of critical technologies for the mobility ecosystem, has declared a regular quarterly cash dividend of $0.025 per share. The dividend will be payable on June 27, 2024, to shareholders of record as of June 6, 2024. While Vontier plans to continue paying dividends on a quarterly basis, future declarations, amounts, record dates, and payment dates will be determined at the discretion of its Board of Directors.

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Vontier (NYSE: VNT) appointed Darrell Thomas to its Board of Directors on June 4, 2024. Darrell brings extensive financial and regulatory experience from roles at companies like Harley-Davidson and PepsiCo. His addition is expected to enhance Vontier's strategic decision-making and governance.

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Vontier (NYSE: VNT) will participate in investor conferences, with key executives engaging in fireside chats and one-on-one meetings with investors. The events include Bank of America 31st Annual Transportation, Airlines and Industrials Conference and Wolfe Research 17th Annual Global Transportation & Industrials Conference. The Bank of America presentation will be webcast live on Vontier's website.

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Vontier (NYSE: VNT) reported sales of $755.8 million in Q1 2024, down 3% YoY due to divested businesses. Core sales increased by 4% driven by strong demand in various sectors. GAAP diluted net EPS was $0.88, exceeding guidance. Operating profit increased by 6% to $142.1 million. Adjusted diluted net EPS was $0.74. The company initiated Q2 2024 guidance with adjusted diluted net EPS of $0.67 to $0.71.

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Vontier (NYSE: VNT) announces the opening of a state-of-the-art engineering office for Invenco by GVR in Bengaluru, India. The facility will house 250 skilled professionals to provide technical solutions in the convenience retail technology space, emphasizing the company's commitment to innovation and industry transformation. With a focus on delivering cutting-edge solutions to a global clientele, the Bengaluru center marks a significant step in advancing the company's capabilities.
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FAQ

What does Vontier Corporation do?

Vontier Corporation specializes in industrial technology, providing solutions like fueling equipment, environmental sensors, payment systems, and vehicle tracking software.

When was Vontier Corporation founded?

Vontier Corporation was spun off from Fortive in 2020.

What are some of Vontier's key products?

Some key products include environmental sensors, fueling equipment, vehicle tracking software, and automotive diagnostic tools.

What is Vontier's latest significant project?

Vontier's subsidiary, ANGI Energy Systems, recently broke ground on a $4 million Hydrogen Refueling Test Facility in Janesville, Wisconsin.

How much revenue did Vontier generate in 2023?

Vontier generated approximately $3.1 billion in sales in 2023.

What is the purpose of the Hydrogen Refueling Test Facility?

The facility aims to support research and development of hydrogen refueling infrastructure, essential for the future of clean energy in heavy-duty transportation.

How does Vontier contribute to sustainability?

Vontier focuses on developing technologies that optimize and decarbonize the fleet industry, including hydrogen refueling solutions.

Where can I find more information about Vontier?

More information can be found on their official website at www.vontier.com.

What is the Vontier Business System?

The Vontier Business System is the company's framework for continuous improvement and innovation.

Does Vontier have any partnerships with educational institutions?

Yes, Vontier's subsidiary ANGI plans to form partnerships with local colleges to provide apprenticeship opportunities.

Vontier Corporation

NYSE:VNT

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6.14B
154.40M
0.41%
97.28%
1.54%
Electromedical and Electrotherapeutic Apparatus Manufacturing
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