Vontier Corp Stock Price, News & Analysis

Vontier Corporation (NYSE: VNT) reported third-quarter 2021 results with net earnings of $127.3 million and adjusted net earnings of $136.6 million. Revenue increased by 2.9% year-over-year to $768.5 million, boosted by a 0.8% rise in core revenue. The company anticipates diluted net earnings per share for Q4 2021 between $0.65 and $0.69, and adjusted earnings per share between $0.77 and $0.81. Additionally, Vontier closed its acquisition of DRB, enhancing its digital expertise and portfolio diversification. The company aims for sustainable growth and profitability.

Vontier Corporation (NYSE: VNT) announced a virtual analyst and investor conference on November 19, 2021, from 10:30 a.m. ET to 12:00 p.m. ET. The event will be led by President and CEO Mark Morelli and CFO David Naemura, alongside presentations from Aaron Saak of Gilbarco Veeder-Root and Dan Pittman of DRB Systems. The conference aims to delve into Vontier's Retail Solutions businesses. Interested parties can participate via dial-in or access the webcast on the company’s website, with a replay available after the event.

Vontier Corporation (NYSE: VNT) has scheduled its earnings conference call for the third quarter of 2021 on November 4, 2021, at 8:00 a.m. ET. This call will be available on their website, including a slide presentation. The company is currently in a 'quiet period' leading up to this earnings release, during which they will not engage with the investment community. Vontier focuses on transportation and mobility solutions, boasting over 90,000 intersections and 260,000 fueling sites served globally.

Vontier Corporation (NYSE: VNT) announced that President of Gilbarco Veeder-Root, Aaron Saak, will present at the Bank of America Securities 2021 Industrial Software and Automation Summit on September 23, 2021, at 11:00 a.m. ET. The presentation will be webcast live and available for later access on www.vontier.com.

Vontier specializes in transportation and mobility technologies, including fueling systems and fleet management, serving over 260,000 fueling sites and monitoring 480,000 vehicles globally.

Vontier Corporation (NYSE: VNT) has successfully completed its acquisition of DRB Systems, LLC, effective September 13, 2021. DRB, known for its point of sale and workflow software for the car wash industry, will operate as a standalone entity within Vontier's Mobility Technologies platform. The acquisition is expected to generate approximately $170 million in revenue for 2021, with mid-20% operating margins. Additionally, it is projected to contribute $0.04 to $0.05 to adjusted net earnings per share for the same year, enhancing Vontier's growth and portfolio diversification.

Vontier Corporation (NYSE: VNT) declared a quarterly cash dividend of $0.025 per share, payable on September 23, 2021, to stockholders of record by September 2, 2021. This decision reflects Vontier's commitment to returning value to its shareholders. The company emphasizes its focus on innovation in transportation and mobility solutions, serving over 260,000 customer fueling sites and monitoring 480,000 commercial vehicles globally. The future of dividend payments remains at the discretion of the Board of Directors.

Tritium and Gilbarco Veeder-Root, a Vontier Corporation subsidiary, announced an agreement to waive a call option for Gilbarco to acquire Tritium. This follows Gilbarco's minority investment in Tritium since 2018, indicating a shift towards supporting Tritium's plans to go public through a business combination with Decarbonization Plus Acquisition Corporation II (DCRN). The anticipated transaction is expected to close in Q4 2021, subject to regulatory approvals and other conditions.

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.