Vontier Corporation is a global industrial technology company serving the mobility ecosystem with productivity, automation and multi-energy technologies. News about VNT commonly covers operating results, portfolio actions, sustainability reporting and products from businesses such as Driivz, ANGI Energy, Gasboy, DRB and Teletrac Navman.
Company updates also address EV charging software, energy management, CNG and RNG compression and dispensing systems, fueling operations, fleet technology, car wash point-of-sale tools, material agreements, governance matters and capital-structure activity.
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.
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.
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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