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Vontier Corporation (VNT) delivers essential mobility infrastructure solutions through its industrial technology portfolio. This dedicated news hub provides investors and professionals with timely updates on corporate developments, strategic initiatives, and market positioning.
Access official press releases, earnings reports, and analysis of Vontier's innovations in fueling systems, telematics, and fleet management technologies. Our curated collection serves as a comprehensive resource for tracking the company's progress in shaping transportation infrastructure worldwide.
Key updates include product launches, strategic partnerships, and technology advancements across Vontier's mobility ecosystems. Users benefit from centralized access to operational updates while maintaining perspective on industry trends impacting the company's markets.
Bookmark this page for streamlined monitoring of Vontier's developments in environmental sensors, payment solutions, and diagnostic tools. Check regularly for verified information supporting informed decisions about this industrial technology innovator.
Vontier Corporation (NYSE: VNT) announced the sale of its Global Traffic Technologies (GTT) business to Miovision for $107 million, valued at approximately 10 times GTT's 2022 EBITDA. With 2022 revenue of around $40 million, GTT specializes in intelligent traffic management systems. This transaction aligns with Vontier's strategy to enhance its portfolio and improve financial performance. Proceeds from the sale will be used for debt reduction and share repurchase. GTT's financial results will be included in Vontier's financials up to March 31, 2023, after which it will be excluded from continuing operations. The sale was finalized on April 14, 2023.
Vontier Corporation (NYSE: VNT) will release its first quarter 2023 earnings results on May 4, 2023, at 8:30 a.m. ET. The earnings call can be accessed via webcast or by phone at +1 800-343-1703 for U.S. callers and +1 785-424-1116 for international callers, using conference ID: 9865421. A replay of the call will be available post-presentation.
Vontier is recognized as a leading provider of critical technologies and solutions aimed at improving the mobility ecosystem. With a strong commitment to innovation and sustainability, the company focuses on delivering safe and efficient solutions to meet evolving mobility needs.
Vontier Corporation (NYSE: VNT) held its first Investor Day on March 23, 2023, at 8:30 a.m. ET, where it outlined its strategic and capital allocation priorities. CEO Mark Morelli emphasized Vontier's unique position in the $30 billion mobility ecosystem, offering a comprehensive suite of hardware and software solutions. Vontier confirmed its 2023 outlook and set long-term financial targets, including 4-6% organic revenue growth through 2026 and double-digit adjusted diluted EPS growth CAGR. The company projects around 100% adjusted free cash flow conversion, driven by strong market positions and secular tailwinds in connected automation and multi-energy fueling.
Vontier Corporation (NYSE: VNT) announced a new segment reporting structure aimed at improving transparency and aligning with company strategy. Starting Q1 2023, financial results will include three segments: Mobility Technologies, Repair Solutions, and Environmental & Fueling Solutions, alongside 'Other' businesses. Notably, Q4 2022 results showed total sales of $871.9 million, with Mobility Technologies contributing $259.5 million. The adjusted operating profit for the full year reached $716.2 million, reflecting a margin of 22.5%. Vontier's President & CEO, Mark D. Morelli, emphasized this restructuring will foster profitable growth and shareholder value. More details will be shared on March 23, 2023.
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