Welcome to our dedicated page for Vontier news (Ticker: VNT), a resource for investors and traders seeking the latest updates and insights on Vontier stock.
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 Corporation (NYSE: VNT) reported a strong Q1 2022, with net earnings of $250.2 million and adjusted net earnings of $115.9 million. Revenue rose 5.7% year-over-year to $748.1 million, despite a slight core revenue decrease of 0.1%. The company announced an accelerated share repurchase program, deploying $441.9 million in capital, including $257 million for share buybacks. Vontier raised its full-year adjusted diluted net earnings per share guidance to $3.20 to $3.30. CEO Mark D. Morelli highlighted the focus on enhancing its growth portfolio and strategic exits of underperforming segments.
Vontier Corporation (NYSE: VNT) announced an upcoming webcast for its first quarter 2022 earnings conference call, scheduled for May 5, 2022, at 8:00 a.m. ET. Investors can access the call via telephone or by streaming on Vontier's website. A replay will be available post-call. Currently, the company is in a quiet period until the earnings release. Vontier is focused on providing innovative solutions for mobility and transportation challenges.
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Vontier Corporation (NYSE: VNT) announced that David Naemura, Senior VP and CFO, will present at the 14th Annual Evercore ISI Industrial Conference on Tuesday, March 1, 2022, at 3:40 p.m. ET. The presentation will be available via a live webcast and will be archived on the company's website.
Vontier is a global industrial technology company focused on next-gen mobility solutions, emphasizing sustainability and customer commitment.
Vontier Corporation (NYSE: VNT) has entered into a $250 million accelerated share repurchase agreement with Citibank, part of its $500 million share repurchase authorization announced in May 2021. This move signals Vontier's strong conviction in its business and growth prospects during a multi-year portfolio transformation. The company aims to balance capital allocation between investing and returning capital to shareholders. With this ASR, approximately $250 million will remain under the repurchase authorization, with plans for further repurchases later this year.
Vontier Corporation (NYSE: VNT) reported a strong financial performance for the full year 2021, with net earnings of $413 million and revenue growth of 10.6% to $2.99 billion. However, the fourth quarter presented challenges, with revenue declining by 3.1% year-over-year to $790.2 million.
The company anticipates diluted earnings per share for Q1 2022 to be between $0.55 and $0.58, while full-year expectations range from $2.67 to $2.77. CEO Mark Morelli highlighted ongoing supply chain issues but expressed confidence in underlying demand and future profitability through strategic stock repurchases.
Vontier Corporation (NYSE: VNT) announced that CEO Mark Morelli and CFO David Naemura will present at Barclay’s Industrial Select Conference on February 23, 2022, at 1:50 p.m. ET. The presentation will be webcasted live and archived on www.vontier.com. Vontier specializes in transportation and mobility solutions, supporting over 90,000 traffic intersections and monitoring more than 480,000 vehicles worldwide. The company emphasizes innovation, safety, and environmental compliance, aiming to mobilize the future for enhanced efficiency.
Vontier Corporation (NYSE: VNT) announced that CFO David Naemura will present at Citi’s 2022 Global Industrial Tech and Mobility Conference on February 24, 2022, at 12:10 p.m. ET. The event will include a webcast, available for later viewing on www.vontier.com. Vontier specializes in industrial technology focused on transportation and mobility, with over 90,000 intersections managed and more than 260,000 customer fueling sites. The company emphasizes efficiency and safety across its diverse portfolio.
Vontier Corporation (NYSE: VNT) has declared a quarterly cash dividend of $0.025 per share, payable on March 24, 2022, to stockholders of record as of March 3, 2022. The company focuses on transportation and mobility solutions, offering a range of technologies and services to enhance efficiency and safety. Vontier's strong cash flow and commitment to innovation position it well for ongoing investment opportunities, although future dividends remain subject to the Board's discretion.
Vontier (NYSE: VNT) has committed to a multi-year investment exceeding $500 million to lead the low-carbon energy transition. The company announced its acquisition of Driivz, enhancing its position in the Electric Vehicle Charging Infrastructure (EVCI) market. This acquisition aligns with Vontier's strategy to diversify its portfolio towards electrification and gaseous fuels, offering software solutions for energy management. The Driivz platform supports over 100,000 charging points globally, positioning Vontier favorably within the rapidly growing EVCI sector.