Vontier Corp Stock Price, News & Analysis

Vontier Corporation (NYSE: VNT) reported strong second-quarter results for 2021, with net earnings of $82.3 million and adjusted net earnings of $104.4 million. Revenue surged by 35.8% year-over-year to $724.6 million, driven by a 32.7% increase in core revenue. Diluted earnings per share reached $0.48, with adjusted diluted earnings per share at $0.61. CEO Mark D. Morelli highlighted robust order growth and ongoing strategic initiatives including the acquisition of DRB Systems. The company expects EPS for Q3 2021 between $0.63 and $0.66, and for the full year, between $2.39 and $2.44.

Vontier Corporation (NYSE: VNT) will host a webcast of its second-quarter 2021 earnings conference call on August 6, 2021, at 8:00 a.m. ET. Investors can access the call via telephone or through the company's website. A replay will be available post-call. Vontier, a global industrial technology firm, focuses on advanced transportation and mobility solutions. It operates with a commitment to innovation, serving over 260,000 fueling sites and monitoring more than 480,000 commercial vehicles globally.

Vontier Corporation (NYSE: VNT) has announced its acquisition of DRB Systems, LLC for approximately $965 million in cash, subject to customary closing conditions. This strategic move aims to diversify Vontier's portfolio and establish a $500 million Retail Solutions segment. DRB, based in Akron, OH, is expected to generate about $170 million in revenue for 2021, with operating margins in the mid-20%. The deal aligns with Vontier's focus on smart infrastructure and aims to capitalize on growing demands in the car wash sector.

Insite360, a subsidiary of Vontier, has partnered with Site IQ to enhance equipment management for convenience retailers. This collaboration incorporates Site IQ's cloud-based solutions with Insite360's platform, improving asset uptime and reducing service visits. The partnership allows the connection of various dispensers, including older models and competitive brands, facilitating better data management across retail networks. Launching in the second half of 2021, this initiative aims to transform fueling site management, enhancing efficiency and profitability for customers.

Vontier Corporation (NYSE: VNT) announced a quarterly cash dividend of $0.025 per share, payable on June 24, 2021, to stockholders on record as of June 3, 2021. Vontier, a global industrial technology company, focuses on transportation and mobility solutions, enhancing efficiency and safety across diverse sectors. The Board of Directors retains discretion over future dividends, including amounts and payment dates. Vontier's strong portfolio supports its growth initiatives, reflecting confidence in its market position and cash flow capabilities.

Vontier Corporation (NYSE: VNT) will present at the Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference on May 20, 2021, at 2:00 p.m. ET. CEO Mark Morelli and CFO David Naemura will lead the session, which will also be available via webcast on www.vontier.com. Vontier, a global industrial technology company, specializes in transportation and mobility solutions, supporting over 90,000 intersections and 260,000 fueling sites worldwide. The company is dedicated to innovation and enhancing efficiency in mobility.

Vontier Corporation (NYSE: VNT) announced that President and CEO Mark Morelli, along with CFO David Naemura, will present at the Wolfe Research Global Transportation and Industrials Conference on May 25, 2021, at 4:30 p.m. ET. The event will be webcast live and archived on www.vontier.com.

Vontier is a global industrial technology company specializing in transportation and mobility solutions, including fuel management, telematics, and smart city technologies. With a focus on innovation and customer success, Vontier serves over 260,000 fueling sites and monitors more than 480,000 vehicles worldwide.

Vontier Corporation (NYSE: VNT) reported strong Q1 2021 results, with net earnings of $91 million, up from previous year. Adjusted net earnings reached $107.7 million, translating to diluted EPS of $0.54 and $0.63, respectively. Revenue surged by 16.1% YoY to $707.4 million, driven by a 14.3% increase in core revenue. CEO Mark D. Morelli highlighted effective supply chain management and margin expansion. Vontier raised its full-year adjusted EPS guidance to between $2.55 and $2.65, reflecting confidence in growth opportunities. A conference call to discuss these results is scheduled for 8:00 a.m. ET.

Vontier Corporation (NYSE: VNT) will hold its earnings conference call for Q1 2021 on May 6, 2021, at 8:00 a.m. ET. The call will be available via webcast on Vontier's website, along with a slide presentation. Investors can dial in using designated numbers for U.S. and international callers. The company is currently in a 'quiet period' until the earnings release. Vontier specializes in transportation and mobility solutions, engaging over 260,000 fueling sites and monitoring 480,000 vehicles globally.