[10-Q] Vontier Corp Quarterly Earnings Report

Rhea-AI Filing Summary

Vontier Corporation (VNT) reported third‑quarter results showing steady top-line growth and stronger profitability. Sales were $752.5 million versus $750.0 million a year ago, while operating profit rose to $142.4 million from $131.5 million. Diluted EPS increased to $0.70 from $0.60 as interest expense declined and segment performance improved.

Cash generation remained solid. Net cash provided by operating activities reached $320.9 million for the nine months, up from $259.4 million. Cash ended at $433.8 million. Total long-term debt stood at $2.1 billion (with $499.5 million classified as current for the Term Loans due 2028); the company amended its credit facilities in February 2025, extending maturities and modestly reducing margins.

Capital allocation continued. The company repurchased 1.7 million shares for $70.0 million in the quarter and 4.6 million shares for $175.1 million year‑to‑date, with $392.5 million remaining under authorization. Vontier completed small divestitures, recognizing a $3.4 million gain, and acquired Sergeant Sudz for $13.1 million to bolster Mobility Technologies. The One Big Beautiful Bill is expected to reduce cash tax payments by $60.0 million due to accelerated R&D deductions. Remaining performance obligations were $443.0 million, largely tied to software and service contracts.

Insights

Senior Equity Analyst

Core operations improved with stronger cash flow and debt extensions, offset by higher taxes and mixed year‑to‑date earnings.

Vontier delivered modest Q3 growth: sales of $752.5M and operating profit up to $142.4M. Net earnings rose to $102.8M with diluted EPS of $0.70. Year‑to‑date sales reached $2.27B, though net earnings were lower versus 2024 due to a tougher tax comparison and prior-year gains. Operating cash flow strengthened to $320.9M, supporting buybacks of $175.1M in the first nine months.

Capital structure quality improved: the Revolver was extended to 2030 with $750.0M availability and Term Loans to 2028 with a 12.5 bps margin reduction. Total long-term borrowings remain $2.1B, but liquidity rose with cash at $433.8M. The tax law (OBBB) provides an expected cash tax benefit of $60.0M from accelerated R&D expensing. Credit metrics in Repair Solutions stayed stable with PSA past due balances of $12.0M and allowance of $51.0M.

Key dependencies include the April 1, 2026 maturity of $500.0M senior notes, sustained cash generation to fund potential redemptions, and disciplined credit performance as write-offs totaled $38.0M year‑to‑date. Watch remaining buyback authorization of $392.5M, contract liabilities trending at $168.3M, and the final gain on small divestitures after working capital true-ups in the coming quarters.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________________________________

FORM 10-Q

(Mark One)
x			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 26, 2025

or
☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from            to

Commission file number 001-39483

 ________________________________________________

Vontier Corporation

(Exact name of registrant as specified in its charter)

 

Delaware						84-2783455
(State or other jurisdiction of incorporation or organization)						(I.R.S. employer identification number)

5438 Wade Park Boulevard, Suite 600

Raleigh, NC 27607

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (984) 275-6000

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $0.0001 per share			VNT			New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

x

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes ☐ No x

As of October 27, 2025, there were 145.1 million shares of the Registrant’s common stock outstanding.

TABLE OF CONTENTS

						Page
PART I			FINANCIAL INFORMATION
Item 1.			Financial Statements (unaudited)			3
			Consolidated Condensed Balance Sheets as of September 26, 2025 and December 31, 2024			3
			Consolidated Condensed Statements of Earnings and Comprehensive Income for the Three and Nine Months Ended September 26, 2025 and September 27, 2024			4
			Consolidated Condensed Statements of Changes in Equity for the Three and Nine Months Ended September 26, 2025 and September 27, 2024			5
			Consolidated Condensed Statements of Cash Flows for the Nine Months Ended September 26, 2025 and September 27, 2024			7
			Notes to the Consolidated Condensed Financial Statements			8
Item 2.			Management's Discussion and Analysis of Financial Condition and Results of Operations			24
Item 3.			Quantitative and Qualitative Disclosures About Market Risk			35
Item 4.			Controls and Procedures			36
PART II			OTHER INFORMATION
Item 1.			Legal Proceedings			37
Item 1A.			Risk Factors			37
Item 2.			Unregistered Sales of Equity Securities and Use of Proceeds			37
Item 3.			Defaults Upon Senior Securities			37
Item 4.			Mine Safety Disclosures			37
Item 5.			Other Information			38
Item 6.			Exhibits			38
			Signatures			39

2

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

VONTIER CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEETS

(in millions, except per share amounts)

			September 26, 2025						December 31, 2024
			(unaudited)
ASSETS
Current assets:
Cash and cash equivalents			$	433.8					$	356.4
Accounts receivable, less allowance for credit losses of $32.0 million and $34.9 million as of September 26, 2025 and December 31, 2024, respectively			568.3						526.1
Inventories			358.8						337.8
Prepaid expenses and other current assets			164.2						149.7
Total current assets			1,525.1						1,370.0
Property, plant and equipment, net			119.7						120.2
Operating lease right-of-use assets			34.7						46.8
Long-term financing receivables, less allowance for credit losses of $31.7 million and $32.2 million as of September 26, 2025 and December 31, 2024, respectively			281.0						291.7
Other intangible assets, net			429.1						486.5
Goodwill			1,743.1						1,726.0
Other assets			247.3						269.3
Total assets			$	4,380.0					$	4,310.5
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt			$	500.1					$	52.3
Trade accounts payable			345.7						378.1
Current operating lease liabilities			14.8						16.3
Accrued expenses and other current liabilities			430.2						462.5
Total current liabilities			1,290.8						909.2
Long-term operating lease liabilities			24.9						36.6
Long-term debt			1,593.8						2,092.0
Other long-term liabilities			231.4						212.8
Total liabilities			3,140.9						3,250.6
Commitments and Contingencies (Note 10)
Equity:
Preferred stock, 15.0 million shares authorized; no par value; no shares issued and outstanding			—						—
Common stock, 2.0 billion shares authorized; $0.0001 par value; 172.9 million and 172.1 million shares issued, and 145.5 million and 149.3 million outstanding as of September 26, 2025 and December 31, 2024, respectively			—						—
Treasury stock, at cost, 27.4 million and 22.8 million shares as of September 26, 2025 and December 31, 2024, respectively			(803.5)						(627.0)
Additional paid-in capital			109.5						83.0
Retained earnings			1,810.6						1,539.1
Accumulated other comprehensive income			116.0						56.0
Total Vontier stockholders’ equity			1,232.6						1,051.1
Noncontrolling interests			6.5						8.8
Total equity			1,239.1						1,059.9
Total liabilities and equity			$	4,380.0					$	4,310.5

See the accompanying Notes to the Consolidated Condensed Financial Statements.

3

VONTIER CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME

(in millions, except per share amounts)

(unaudited)

			Three Months Ended												Nine Months Ended
			September 26, 2025						September 27, 2024						September 26, 2025						September 27, 2024
Sales			$	752.5					$	750.0					$	2,267.1					$	2,202.2
Operating costs and expenses:
Cost of sales, excluding amortization of acquisition-related intangible assets			(396.4)						(395.8)						(1,190.4)						(1,140.5)
Selling, general and administrative expenses			(151.0)						(157.0)						(478.6)						(478.7)
Research and development expenses			(44.4)						(45.7)						(132.1)						(135.3)
Amortization of acquisition-related intangible assets			(18.3)						(20.0)						(57.1)						(60.0)
Operating profit			142.4						131.5						408.9						387.7
Non-operating income (expense), net:
Interest expense, net			(14.8)						(18.9)						(45.5)						(56.2)
Gain on sale of businesses			3.4						—						3.4						37.2
Other non-operating income (expense), net			5.0						(0.3)						1.0						(1.6)
Earnings before income taxes			136.0						112.3						367.8						367.1
Provision for income taxes			(33.2)						(20.5)						(85.2)						(68.4)
Net earnings			$	102.8					$	91.8					$	282.6					$	298.7
Net earnings per share:
Basic			$	0.70					$	0.60					$	1.91					$	1.94
Diluted			$	0.70					$	0.60					$	1.90					$	1.93
Weighted average shares outstanding:
Basic			146.5						152.4						147.7						153.8
Diluted			147.4						153.2						148.4						154.7
Net earnings			$	102.8					$	91.8					$	282.6					$	298.7
Other comprehensive income (loss), net of income taxes:
Foreign currency translation adjustments			(10.1)						29.1						59.9						2.1
Other adjustments			—						—						0.1						0.1
Total other comprehensive (loss) income, net of income taxes			(10.1)						29.1						60.0						2.2
Comprehensive income			$	92.7					$	120.9					$	342.6					$	300.9

See the accompanying Notes to the Consolidated Condensed Financial Statements.

4

VONTIER CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN EQUITY

(in millions, except per share amounts)

(unaudited)

			Common Stock												Treasury Stock												Additional Paid-In Capital						Retained Earnings						Accumulated Other Comprehensive Income						Noncontrolling Interests						Total
			Shares						Amount						Shares						Amount
Balance, December 31, 2024			172.1						$	—					22.8						$	(627.0)					$	83.0					$	1,539.1					$	56.0					$	8.8					$	1,059.9
Net earnings			—						—						—						—						—						87.9						—						—						87.9
Dividends on common stock ($0.025 per share)			—						—						—						—						—						(3.7)						—						—						(3.7)
Other comprehensive income, net of income taxes			—						—						—						—						—						—						15.0						—						15.0
Stock-based compensation expense			—						—						—						—						6.9						—						—						0.6						7.5
Common stock-based award activity, net of shares for tax withholding			0.5						—						—						—						(6.0)						—						—						—						(6.0)
Purchase of treasury stock			—						—						1.5						(55.4)						—						—						—						—						(55.4)
Change in noncontrolling interests			—						—						—						—						—						—						—						1.0						1.0
Balance, March 28, 2025			172.6						—						24.3						(682.4)						83.9						1,623.3						71.0						10.4						1,106.2
Net earnings			—						—						—						—						—						91.9						—						—						91.9
Dividends on common stock ($0.025 per share)			—						—						—						—						—						(3.7)						—						—						(3.7)
Other comprehensive income, net of income taxes			—						—						—						—						—						—						55.1						—						55.1
Stock-based compensation expense			—						—						—						—						8.4						—						—						0.2						8.6
Common stock-based award activity, net of shares for tax withholding			0.1						—						—						—						0.8						—						—						—						0.8
Purchase of treasury stock			—						—						1.4						(50.5)						—						—						—						—						(50.5)
Change in noncontrolling interests and other			—						—						—						—						3.8						—						—						(3.4)						0.4
Balance, June 27, 2025			172.7						—						25.7						(732.9)						96.9						1,711.5						126.1						7.2						1,208.8
Net earnings			—						—						—						—						—						102.8						—						—						102.8
Dividends on common stock ($0.025 per share)			—						—						—						—						—						(3.7)						—						—						(3.7)
Other comprehensive loss, net of income taxes			—						—						—						—						—						—						(10.1)						—						(10.1)
Stock-based compensation expense			—						—						—						—						6.9						—						—						0.3						7.2
Common stock-based award activity, net of shares for tax withholding			0.2						—						—						—						5.7						—						—						—						5.7
Purchase of treasury stock			—						—						1.7						(70.6)						—						—						—						—						(70.6)
Change in noncontrolling interests			—						—						—						—						—						—						—						(1.0)						(1.0)
Balance, September 26, 2025			172.9						$	—					27.4						$	(803.5)					$	109.5					$	1,810.6					$	116.0					$	6.5					$	1,239.1

See the accompanying Notes to the Consolidated Condensed Financial Statements.

5

VONTIER CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN EQUITY (continued)

(in millions, except per share amounts)

(unaudited)

			Common Stock												Treasury Stock												Additional Paid-In Capital						Retained Earnings						Accumulated Other Comprehensive Income						Noncontrolling Interests						Total
			Shares						Amount						Shares						Amount
Balance, December 31, 2023			170.8						$	—					16.5						$	(403.4)					$	56.8					$	1,132.1					$	104.9					$	5.2					$	895.6
Net earnings			—						—						—						—						—						136.8						—						—						136.8
Dividends on common stock ($0.025 per share)			—						—						—						—						—						(3.9)						—						—						(3.9)
Other comprehensive loss, net of income taxes			—						—						—						—						—						—						(22.2)						—						(22.2)
Stock-based compensation expense			—						—						—						—						7.0						—						—						2.5						9.5
Common stock-based award activity, net of shares for tax withholding			0.9						—						—						—						2.7						—						—						—						2.7
Purchase of treasury stock			—						—						0.6						(21.9)						—						—						—						—						(21.9)
Other			—						—						—						—						(4.0)						—						—						—						(4.0)
Balance, March 29, 2024			171.7						—						17.1						(425.3)						62.5						1,265.0						82.7						7.7						992.6
Net earnings			—						—						—						—						—						70.1						—						—						70.1
Dividends on common stock ($0.025 per share)			—						—						—						—						—						(3.8)						—						—						(3.8)
Other comprehensive loss, net of income taxes			—						—						—						—						—						—						(4.7)						—						(4.7)
Stock-based compensation expense			—						—						—						—						7.3						—						—						0.6						7.9
Common stock-based award activity, net of shares for tax withholding			0.1						—						—						—						0.8						—						—						—						0.8
Purchase of treasury stock			—						—						0.9						(38.5)						—						—						—						—						(38.5)
Change in noncontrolling interests			—						—						—						—						—						—						—						(0.1)						(0.1)
Balance, June 28, 2024			171.8						—						18.0						(463.8)						70.6						1,331.3						78.0						8.2						1,024.3
Net earnings			—						—						—						—						—						91.8						—						—						91.8
Dividends on common stock ($0.025 per share)			—						—						—						—						—						(3.8)						—						—						(3.8)
Other comprehensive income, net of income taxes			—						—						—						—						—						—						29.1						—						29.1
Stock-based compensation expense			—						—						—						—						7.4						—						—						0.5						7.9
Common stock-based award activity, net of shares for tax withholding			0.1						—						—						—						(0.1)						—						—						—						(0.1)
Purchase of treasury stock			—						—						3.1						(103.8)						(2.1)						—						—						—						(105.9)
Change in noncontrolling interests			—						—						—						—						—						—						—						0.1						0.1
Balance, September 27, 2024			171.9						$	—					21.1						$	(567.6)					$	75.8					$	1,419.3					$	107.1					$	8.8					$	1,043.4

See the accompanying Notes to the Consolidated Condensed Financial Statements.

6

VONTIER CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(in millions)

(unaudited)

			Nine Months Ended
			September 26, 2025						September 27, 2024
Cash flows from operating activities:
Net earnings			$	282.6					$	298.7
Non-cash items:
Depreciation expense			38.5						34.5
Amortization of acquisition-related intangible assets			57.1						60.0
Stock-based compensation expense			23.3						25.3
Gain on sale of businesses			(3.4)						(37.2)
Change in deferred income taxes			30.6						(11.4)
Other non-cash items			7.2						5.0
Change in accounts receivable and long-term financing receivables, net			(27.2)						(46.2)
Change in other operating assets and liabilities			(87.8)						(69.3)
Net cash provided by operating activities			320.9						259.4
Cash flows from investing activities:
Cash paid for acquisitions			(10.3)						—
Proceeds from sale of businesses, net of cash provided			41.6						68.4
Payments for additions to property, plant and equipment			(54.6)						(62.6)
Proceeds from sale of property, plant and equipment			0.2						1.3
Cash paid for equity investments			(1.3)						(2.3)
Proceeds from sale of equity securities			10.0						0.2
Net cash (used in) provided by investing activities			(14.4)						5.0
Cash flows from financing activities:
Proceeds from issuance of long-term debt			83.3						—
Repayment of long-term debt			(133.3)						(100.0)
Net repayments of short-term borrowings			(1.7)						(1.2)
Payments for debt issuance costs			(2.3)						—
Payments of common stock cash dividend			(11.1)						(11.5)
Purchases of treasury stock			(175.1)						(164.6)
Proceeds from stock option exercises			9.5						14.4
Other financing activities			(12.4)						(13.9)
Net cash used in financing activities			(243.1)						(276.8)
Effect of exchange rate changes on cash and cash equivalents			14.0						2.4
Net change in cash and cash equivalents			77.4						(10.0)
Beginning balance of cash and cash equivalents			356.4						340.9
Ending balance of cash and cash equivalents			$	433.8					$	330.9

See the accompanying Notes to the Consolidated Condensed Financial Statements.

7

VONTIER CORPORATION AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(unaudited)

NOTE 1. BUSINESS OVERVIEW AND BASIS OF PRESENTATION

Nature of Business

Vontier Corporation (“Vontier” or the “Company”) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. The Company operates through three reportable segments which align to the Company’s three operating segments: (i) Mobility Technologies, which provides digitally enabled equipment and solutions to support efficient operations across the mobility ecosystem, including point-of-sale and payment systems, workflow automation solutions, telematics, data analytics, software platform for electric vehicle charging networks and integrated solutions for alternative fuel dispensing; (ii) Repair Solutions, which manufactures and distributes aftermarket vehicle repair tools, toolboxes, automotive diagnostic equipment and software through a network of mobile franchisees; and (iii) Environmental & Fueling Solutions, which provides environmental and fueling hardware and software, and aftermarket solutions for global fueling infrastructure. The Company’s Coats business, which was divested during January 2024, is presented in Other for periods prior to the divestiture.

Basis of Presentation and Unaudited Interim Financial Information

The accompanying Consolidated Condensed Financial Statements present the Company’s historical financial position, results of operations, changes in equity and cash flows in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and are unaudited.

The interim Consolidated Condensed Financial Statements include the accounts of Vontier and its subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. The Consolidated Condensed Financial Statements also reflect the impact of noncontrolling interests. Noncontrolling interests do not have a significant impact on the Company’s consolidated results of operations, therefore, net earnings and net earnings per share attributable to noncontrolling interests are not presented separately in the Company’s Consolidated Condensed Statements of Earnings and Comprehensive Income. Net earnings attributable to noncontrolling interests have been reflected in selling, general and administrative expenses (“SG&A”) and were insignificant in all periods presented.

In the opinion of the Company’s management, all adjustments of a normal recurring nature necessary for a fair presentation have been reflected. Certain financial information that is normally included in annual financial statements prepared in accordance with GAAP, but that is not required for interim reporting purposes, has been omitted. The accompanying interim Consolidated Condensed Financial Statements and the related notes should be read in conjunction with the Company’s Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 (the “2024 Annual Report on Form 10-K”).

Foreign Currency Translation and Transactions

Exchange rate adjustments resulting from foreign currency transactions are recognized in Net earnings, whereas effects resulting from the translation of financial statements are reflected as a component of Accumulated other comprehensive income within equity. Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. dollars are translated into U.S. dollars using period-end exchange rates and income statement accounts are translated at weighted average exchange rates. Net foreign currency transaction gains or losses were not material in any of the periods presented.

Recently Issued Accounting Standards Not Yet Adopted

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”), which requires consistent categories and greater disaggregation of information in the rate reconciliation and disaggregation of income taxes paid by jurisdiction. ASU 2023-09 is effective for the Company’s annual financial statements for the year ended December 31, 2025, with early adoption permitted. Prospective application is required, with retrospective application permitted. The Company currently plans to adopt ASU 2023-09 retrospectively. Adoption of ASU 2023-09 will expand the Company’s income tax disclosures, and will have no impact on its results of operations, cash flows or financial condition.

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), which requires disclosure of certain expense categories that are included within relevant income statement expense captions. ASU 2024-03 is effective for the Company’s annual financial statements for the year ended December 31, 2027, and for its interim financial statements beginning with the first fiscal quarter of the year ended December 31, 2028, with early adoption permitted. ASU 2024-03 may be applied either prospectively or retrospectively. The Company is currently assessing the impact ASU 2024-03 will have on its consolidated financial statements.

8

In July 2025, the FASB issued ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (“ASU 2025-05”), which provides a practical expedient when estimating expected credit losses to assume that current conditions as of the balance sheet date do not change for the remaining life of current accounts receivable and contract assets. ASU 2025-05 is effective for the Company’s interim and annual financial statements for the year ended December 31, 2026, with early adoption permitted. ASU 2025-05 must be applied prospectively. The Company is currently assessing the impact ASU 2025-05 will have on its consolidated financial statements.

In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”), which amends when an entity begins capitalizing eligible software costs by removing references to project stages. Under ASU 2025-06, an entity will begin capitalizing software costs when management has authorized and committed to funding the software project and the software project has met the probable-to-complete recognition threshold. ASU 2025-06 is effective for the Company’s interim and annual financial statements for the year ended December 31, 2028, with early adoption permitted. ASU 2025-06 may be applied prospectively, retrospectively or using a modified transition approach based on the status of the software project at adoption. The Company is currently assessing the impact ASU 2025-06 will have on its consolidated financial statements.

NOTE 2. ACQUISITIONS

On June 9, 2025, the Company acquired substantially all of the assets of Sergeant Sudz LLC (“Sergeant Sudz”), a provider of next-generation tunnel automation and smart motor control center technology for tunnel car wash operators in the United States, for $13.1 million. The preliminary purchase price allocation includes contingent consideration initially measured at $2.3 million, which can reach up to $3.0 million based on achieving certain revenue targets.

Acquisition-related costs related to the Sergeant Sudz acquisition were not material. The Company has not disclosed post-acquisition or pro forma revenue and earnings attributable to Sergeant Sudz as it did not have a material effect on the Company’s results. Sergeant Sudz is presented in the Company’s Mobility Technologies segment.

NOTE 3. FINANCING AND TRADE RECEIVABLES

Financing receivables are primarily comprised of commercial purchase security agreements originated between the Company’s franchisees and technicians or independent shop owners that are assumed by the Company (“PSAs”) and commercial loans to the Company’s franchisees (“Franchisee Notes”) in the Repair Solutions segment. The Company also has financing receivables in its Mobility Technologies and Environmental & Fueling Solutions segments which totaled $16.1 million and $14.4 million as of September 26, 2025 and December 31, 2024, respectively.

The following disclosures relate to the financing receivables in the Repair Solutions segment.

Repair Solutions Financing Receivables

PSAs are installment sales contracts originated between the franchisee and technicians or independent shop owners which enable these customers to purchase tools and equipment on an extended-term payment plan. PSA payment terms are generally up to five years. Upon origination, the Company assumes the PSA by crediting the franchisee’s trade accounts receivable. As a result, originations of PSAs are non-cash transactions. The Company records PSAs at amortized cost.

Franchisee Notes have payment terms of up to 10 years and include financing to fund business startup costs including: (i) installment loans to franchisees used generally to finance inventory, equipment, and franchise fees; and (ii) lines of credit to finance working capital, including additional purchases of inventory.

Financing receivables are generally secured by the underlying tools and equipment financed.

Revenues associated with the Company’s interest income related to financing receivables are recognized to approximate a constant effective yield over the contract term. Accrued interest is included in Accounts receivable, less allowance for credit losses on the Consolidated Condensed Balance Sheets and was insignificant as of September 26, 2025 and December 31, 2024.

9

Product sales to franchisees and the related financing income is included in Cash flows from operating activities in the accompanying Consolidated Condensed Statements of Cash Flows.

The components of financing receivables with payments due in less than twelve months that are presented in Accounts receivable, less allowance for credit losses on the Consolidated Condensed Balance Sheets were as follows:

($ in millions)			September 26, 2025						December 31, 2024
Gross current financing receivables:
PSAs			$	96.7					$	98.6
Franchisee Notes			28.0						25.4
Current financing receivables, gross			124.7						124.0
Allowance for credit losses:
PSAs			10.5						11.0
Franchisee Notes			8.8						8.0
Total allowance for credit losses			19.3						19.0
Net current financing receivables:
PSAs, net			86.2						87.6
Franchisee Notes, net			19.2						17.4
Total current financing receivables, net			$	105.4					$	105.0

The components of Long-term financing receivables, less allowance for credit losses, which consists of financing receivables with payments due beyond one year, were as follows:

($ in millions)			September 26, 2025						December 31, 2024
Gross long-term financing receivables:
PSAs			$	241.3					$	253.6
Franchisee Notes			61.3						62.8
Long-term financing receivables, gross			302.6						316.4
Allowance for credit losses:
PSAs			26.6						27.2
Franchisee Notes			5.1						5.0
Total allowance for credit losses			31.7						32.2
Net long-term financing receivables:
PSAs, net			214.7						226.4
Franchisee Notes, net			56.2						57.8
Total long-term financing receivables, net			$	270.9					$	284.2

As of September 26, 2025 and December 31, 2024, the net unamortized discount on our financing receivables was $18.5 million and $18.5 million, respectively.

10

Credit score and distributor tenure are the primary indicators of credit quality for the Company’s financing receivables. The amortized cost basis and current period gross write-offs of PSAs and Franchisee Notes by origination year as of and for the nine months ended September 26, 2025, is as follows:

($ in millions)			2025						2024						2023						2022						2021						Prior						Total
PSAs
Credit Score:
Less than 400			$	14.1					$	5.1					$	4.0					$	1.7					$	0.6					$	0.3					$	25.8
400-599			13.5						18.9						9.2						3.8						1.2						0.4						47.0
600-799			34.6						36.1						19.2						7.8						2.9						0.7						101.3
800+			65.3						54.5						28.8						11.6						3.1						0.6						163.9
Total PSAs			$	127.5					$	114.6					$	61.2					$	24.9					$	7.8					$	2.0					$	338.0
Franchisee Notes
Active distributors			$	20.9					$	20.1					$	9.0					$	6.9					$	6.0					$	5.7					$	68.6
Separated distributors			0.1						1.3						4.3						4.8						3.1						7.1						20.7
Total Franchisee Notes			$	21.0					$	21.4					$	13.3					$	11.7					$	9.1					$	12.8					$	89.3
Current Period Gross Write-offs
PSAs			$	0.3					$	12.9					$	11.1					$	4.8					$	2.2					$	1.2					$	32.5
Franchisee Notes			—						0.1						0.9						1.2						1.1						2.2						5.5
Total current period gross write-offs			$	0.3					$	13.0					$	12.0					$	6.0					$	3.3					$	3.4					$	38.0

Past Due

PSAs are considered past due when a contractual payment has not been made. If a customer is making payments on its account, interest will continue to accrue. The table below sets forth the aging of the Company’s PSA balances as of:

($ in millions)						30-59 days past due						60-90 days past due						Greater than 90 days past due						Total past due						Total not considered past due						Total						Greater than 90 days past due and accruing interest
September 26, 2025						$	3.6					$	2.0					$	6.4					$	12.0					$	326.0					$	338.0					$	6.4
December 31, 2024						3.7						1.9						7.9						13.5						338.7						352.2						7.9

Franchisee Notes are considered past due when payments have not been made for 21 days after the due date. Past due Franchisee Notes (where the franchisee had not yet separated) were insignificant as of September 26, 2025 and December 31, 2024.

Uncollectable Status

PSAs are deemed uncollectable and written off when they are both contractually delinquent and no payment has been received for 180 days.

Franchisee Notes are deemed uncollectable and written off after a distributor separates and no payments have been received for one year.

The Company stops accruing interest and other fees associated with financing receivables when (i) a customer is placed in uncollectable status and repossession efforts have begun; (ii) upon receipt of notification of bankruptcy; (iii) upon notification of the death of a customer; or (iv) other instances in which management concludes collectability is not reasonably assured.

Allowance for Credit Losses Related to Financing Receivables

The Company calculates the allowance for credit losses considering several factors, including the aging of its financing receivables, historical credit loss and portfolio delinquency experience and current economic conditions. The Company also evaluates financing receivables with identified exposures, such as customer defaults, bankruptcy or other events that make it unlikely it will recover the amounts owed to it. In calculating such reserves, the Company evaluates expected cash flows, including estimated proceeds from disposition of collateral, and calculates an estimate of the potential loss and the probability of loss. When a loss is considered probable on an individual financing receivable, a specific reserve is recorded.

11

The following is a rollforward of the PSAs and Franchisee Notes components of the Company’s allowance for credit losses related to financing receivables as of:

			September 26, 2025
($ in millions)			PSAs						Franchisee Notes						Total
Allowance for credit losses, beginning of year			$	38.2					$	13.0					$	51.2
Provision for credit losses			30.2						6.2						36.4
Write-offs			(32.5)						(5.5)						(38.0)
Recoveries of amounts previously charged off			1.2						0.2						1.4
Allowance for credit losses, end of period			$	37.1					$	13.9					$	51.0

Allowance for Credit Losses Related to Trade Accounts Receivables

The following is a rollforward of the allowance for credit losses related to the Company’s trade accounts receivables, excluding financing receivables, and the Company’s trade accounts receivable cost basis as of:

($ in millions)			September 26, 2025
Cost basis of trade accounts receivable			$	469.6
Allowance for credit losses balance, beginning of year			15.9
Provision for credit losses			3.5
Write-offs			(7.0)
Foreign currency and other			0.3
Allowance for credit losses balance, end of period			12.7
Net trade accounts receivable balance			$	456.9

NOTE 4. INVENTORIES

The classes of inventory as of September 26, 2025 and December 31, 2024 are summarized as follows:

($ in millions)			September 26, 2025						December 31, 2024
Finished goods			$	158.4					$	144.8
Work in process			29.8						20.8
Raw materials			170.6						172.2
Total			$	358.8					$	337.8

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NOTE 5. FINANCING

The Company had the following debt outstanding as of:

($ in millions)			September 26, 2025						December 31, 2024
Short-term borrowings:
Short-term borrowings and bank overdrafts			$	0.6					$	2.3
Long-term debt:
Three-Year Term Loans due 2028(a)			500.0						550.0
1.800% senior unsecured notes due 2026			500.0						500.0
2.400% senior unsecured notes due 2028			500.0						500.0
2.950% senior unsecured notes due 2031			600.0						600.0
Revolving Credit Facility due 2030			—						—
Total long-term debt			2,100.0						2,150.0
Less: current portion of long-term debt(a)			(499.5)						(50.0)
Less: discounts and debt issuance costs			(6.7)						(8.0)
Total long-term debt, net			$	1,593.8					$	2,092.0

(a) During February 2025, the Company repaid $50.0 million of the Three-Year Term Loans originally due 2025 and executed an amendment to extend the maturity date to February 2028. As of December 31, 2024, the Company classified $50.0 million and $500.0 million of the Three-Year Terms Loans originally due 2025 as a current liability and long-term liability, respectively, on the Consolidated Condensed Balance Sheets.

The Company’s long-term debt requires, among others, that the Company maintains certain financial covenants, and the Company was in compliance with all of these covenants as of September 26, 2025.

Credit Facilities

Amendments

During February 2025, the Company executed an amendment to the Revolving Credit Facility, which extended the maturity date to February 2030 and removed the SOFR adjustment.

During February 2025, the Company executed an amendment to the Three-Year Term Loans originally due 2025 to extend the maturity date to February 2028 (“Three-Year Term Loans Due 2028”). As part of the amendment, the credit spread adjustment was removed and the ratings-based margin was reduced by 12.5 basis points.

The Company evaluated these amendments on a lender-by-lender basis and determined that certain lenders should be accounted for as a debt extinguishment and certain lenders should be accounted for as a debt modification. The Company recognized an immaterial loss on debt extinguishment related to the amendments during the nine months ended September 26, 2025. For the portion of the Term Loans considered to be extinguished and re-borrowed, the Company has presented offsetting constructive cash inflows and outflows of $83.3 million within financing activities on the Consolidated Condensed Statements of Cash Flows.

Revolving Credit Facility

The Revolving Credit Facility bears interest at a variable rate equal to SOFR plus a ratings-based margin. As of September 26, 2025, there were no borrowings outstanding and $750.0 million of available borrowing capacity under the Revolving Credit Facility.

Three-Year Term Loans Due 2028

The Three-Year Term Loans Due 2028 (“Term Loans”), which mature on February 12, 2028, bear interest at a variable rate equal to SOFR plus a ratings-based margin which was 112.5 basis points as of September 26, 2025. The interest rate was 5.42% per annum as of September 26, 2025. There was no material difference between the carrying value and the estimated fair value of the debt outstanding as of September 26, 2025.

13

Senior Unsecured Notes

The Company’s senior unsecured notes (collectively, the “Registered Notes”) consist of the following:

•$500.0 million aggregate principal amount of senior notes due April 1, 2026 bearing interest at the rate of 1.800% per year;

•$500.0 million aggregate principal amount of senior notes due April 1, 2028 bearing interest at the rate of 2.400% per year; and

•$600.0 million aggregate principal amount of senior notes due April 1, 2031 bearing interest at the rate of 2.950% per year.

The estimated fair value of the Registered Notes was $1.5 billion as of September 26, 2025. The fair value of the Registered Notes was determined based upon Level 2 inputs including indicative prices based upon observable market data. The difference between the fair value and the carrying amounts of the Registered Notes may be attributable to changes in market interest rates and/or the Company’s credit ratings subsequent to the incurrence of the borrowing.

Short-term Borrowings

As of September 26, 2025, certain of the Company’s businesses were in a cash overdraft position, and such overdrafts are included in Short-term borrowings and current portion of long-term debt on the Consolidated Condensed Balance Sheets. Additionally, the Company has other short-term borrowing arrangements with various banks to facilitate short-term cash flow requirements in certain countries also included in Short-term borrowings and current portion of long-term debt on the Consolidated Condensed Balance Sheets. Given the nature of the short-term borrowings, the carrying value approximates fair value as of September 26, 2025.

NOTE 6. ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in Accumulated other comprehensive income by component are summarized below:

($ in millions)			Foreign Currency Translation Adjustments(c)						Other Adjustments (b)						Total
For the Three Months Ended September 26, 2025:
Balance, June 27, 2025			$	126.9					$	(0.8)					$	126.1
Other comprehensive loss before reclassifications, net of income taxes			(10.1)						—						(10.1)
Net current period other comprehensive loss, net of income taxes			(10.1)						—						(10.1)
Balance, September 26, 2025			$	116.8					$	(0.8)					$	116.0
For the Three Months Ended September 27, 2024:
Balance, June 28, 2024			$	79.5					$	(1.5)					$	78.0
Other comprehensive income before reclassifications, net of income taxes			29.1						—						29.1
Amounts reclassified from accumulated other comprehensive income:
Increase			—						0.1			(a)			0.1
Income tax impact			—						(0.1)						(0.1)
Amounts reclassified from accumulated other comprehensive income, net of income taxes			—						—						—
Net current period other comprehensive income, net of income taxes			29.1						—						29.1
Balance, September 27, 2024			$	108.6					$	(1.5)					$	107.1
(a) This accumulated other comprehensive income component is included in the computation of net periodic pension cost.
(b) Includes balances relating to defined benefit plans and supplemental executive retirement plans.
(c) The income tax impact of foreign currency translation adjustments was not significant for the periods presented.

14

($ in millions)			Foreign Currency Translation Adjustments(d)						Other Adjustments (b)						Total
For the Nine Months Ended September 26, 2025:
Balance, December 31, 2024			$	56.9					$	(0.9)					$	56.0
Other comprehensive income before reclassifications, net of income taxes			59.9						—						59.9
Amounts reclassified from accumulated other comprehensive income:
Increase			—						0.1			(a)			0.1
Amounts reclassified from accumulated other comprehensive income, net of income taxes			—						0.1						0.1
Net current period other comprehensive income, net of income taxes			59.9						0.1						60.0
Balance, September 26, 2025			$	116.8					$	(0.8)					$	116.0
For the Nine Months Ended September 27, 2024:
Balance, December 31, 2023			$	106.5					$	(1.6)					$	104.9
Other comprehensive income before reclassifications, net of income taxes			1.1						—						1.1
Amounts reclassified from accumulated other comprehensive income:
Sale of business			1.0			(c)			—						1.0
Increase			—						0.2			(a)			0.2
Income tax impact			—						(0.1)						(0.1)
Amounts reclassified from accumulated other comprehensive income, net of income taxes			1.0						0.1						1.1
Net current period other comprehensive income, net of income taxes			2.1						0.1						2.2
Balance, September 27, 2024			$	108.6					$	(1.5)					$	107.1
(a) This accumulated other comprehensive income component is included in the computation of net periodic pension cost.
(b) Includes balances relating to defined benefit plans and supplemental executive retirement plans.
(c) Reclassified to Gain on sale of businesses in the Consolidated Condensed Statements of Earnings and Comprehensive Income.
(d) The income tax impact of foreign currency translation adjustments was not significant for the periods presented.

NOTE 7. SALES

Contract Assets

In certain circumstances, contract assets are recorded which include unbilled amounts typically resulting from sales under contracts when revenue recognized exceeds the amount billed to the customer, and right to payment is subject to contractual performance obligations rather than subject only to the passage of time. Contract assets were $12.9 million and $8.0 million as of September 26, 2025 and December 31, 2024, respectively, and are included in Prepaid expenses and other current assets in the accompanying Consolidated Condensed Balance Sheets.

Contract Costs

The Company incurs direct incremental costs to obtain and fulfill certain contracts, typically costs associated with assets used by our customers in certain sales arrangements and sales-related commissions. As of September 26, 2025 and December 31, 2024, the Company had $107.0 million and $101.5 million, respectively, in revenue-related capitalized contract costs primarily related to assets used by the Company’s customers in certain software contracts, which are recorded in Prepaid expenses and other current assets, for the current portion, and Other assets, for the noncurrent portion, in the accompanying Consolidated Condensed Balance Sheets.

Contract Liabilities

The Company’s contract liabilities consist of deferred revenue generally related to customer deposits, post contract support (“PCS”) and extended warranty sales. In these arrangements, the Company generally receives up-front payment and recognizes revenue over the support term of the contracts where applicable. Deferred revenue is classified as current or noncurrent based on the timing of when revenue is expected to be recognized and is included in Accrued expenses and other current liabilities and Other long-term liabilities, respectively, in the accompanying Consolidated Condensed Balance Sheets.

15

The Company’s contract liabilities consisted of the following:

($ in millions)			September 26, 2025						December 31, 2024
Deferred revenue, current			$	112.4					$	139.2
Deferred revenue, noncurrent			55.9						58.9
Total contract liabilities			$	168.3					$	198.1

During the three and nine months ended September 26, 2025, the Company recognized $18.2 million and $97.1 million of revenue related to the Company’s contract liabilities at December 31, 2024, respectively. The change in contract liabilities from December 31, 2024 to September 26, 2025 was primarily due to the timing of cash receipts and sales of PCS and extended warranty services.

Remaining Performance Obligations

Remaining performance obligations represent the transaction price allocated to performance obligations which are unsatisfied as of the end of the period. The Company has excluded performance obligations with an original expected duration of one year or less and amounts for variable consideration allocated to wholly-unsatisfied performance obligations. Remaining performance obligations as of September 26, 2025 were $443.0 million, the majority of which are related to software-as-a-service and extended warranty and service contracts. The Company expects approximately 70 percent of the remaining performance obligations will be fulfilled within the next two years, 80 percent within the next three years, and 90 percent within four years.

Disaggregation of Revenue    

Revenue from contracts with customers is disaggregated by sales of products and services and geographic location for each of the Company’s reportable segments, as it best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. In the Company’s disaggregation of revenue by geographic location, high growth markets refers to developing markets of the world experiencing extended periods of accelerated growth in gross domestic product and infrastructure, which include Eastern Europe, the Middle East, Africa, Latin America and Asia Pacific (with the exception of Japan and Australia).

Disaggregation of revenue was as follows for the three months ended September 26, 2025:

($ in millions)			Mobility Technologies						Repair Solutions						Environmental & Fueling Solutions												Eliminations						Total
Sales:
Sales of products			$	216.7					$	141.0					$	319.5											$	—					$	677.2
Sales of services			36.4						0.6						38.3												—						75.3
Intersegment sales			17.5						—						—												(17.5)						—
Total			$	270.6					$	141.6					$	357.8											$	(17.5)					$	752.5
Geographic:
North America (a)			$	170.9					$	141.6					$	229.7											$	—					$	542.2
Western Europe			28.7						—						40.8												—						69.5
High growth markets			32.8						—						72.8												—						105.6
Rest of world			20.7						—						14.5												—						35.2
Intersegment sales			17.5						—						—												(17.5)						—
Total			$	270.6					$	141.6					$	357.8											$	(17.5)					$	752.5

(a) Includes total sales in the United States of $527.5 million.

16

Disaggregation of revenue was as follows for the three months ended September 27, 2024:

($ in millions)			Mobility Technologies						Repair Solutions						Environmental & Fueling Solutions												Eliminations						Total
Sales:
Sales of products			$	207.6					$	151.5					$	313.3											$	—					$	672.4
Sales of services			40.4						0.6						36.6												—						77.6
Intersegment sales			9.4						—						—												(9.4)						—
Total			$	257.4					$	152.1					$	349.9											$	(9.4)					$	750.0
Geographic:
North America (a)			$	165.9					$	152.1					$	222.9											$	—					$	540.9
Western Europe			25.4						—						39.4												—						64.8
High growth markets			36.7						—						73.0												—						109.7
Rest of world			20.0						—						14.6												—						34.6
Intersegment sales			9.4						—						—												(9.4)						—
Total			$	257.4					$	152.1					$	349.9											$	(9.4)					$	750.0

(a) Includes total sales in the United States of $510.0 million.

Disaggregation of revenue was as follows for the nine months ended September 26, 2025:

($ in millions)			Mobility Technologies						Repair Solutions						Environmental & Fueling Solutions												Eliminations						Total
Sales:
Sales of products			$	642.8					$	443.8					$	934.4											$	—					$	2,021.0
Sales of services			129.7						1.6						114.8												—						246.1
Intersegment sales			48.8						—						—												(48.8)						—
Total			$	821.3					$	445.4					$	1,049.2											$	(48.8)					$	2,267.1
Geographic:
North America (a)			$	486.7					$	445.4					$	657.8											$	—					$	1,589.9
Western Europe			77.4						—						116.3												—						193.7
High growth markets			149.0						—						233.2												—						382.2
Rest of world			59.4						—						41.9												—						101.3
Intersegment sales			48.8						—						—												(48.8)						—
Total			$	821.3					$	445.4					$	1,049.2											$	(48.8)					$	2,267.1

(a) Includes total sales in the United States of $1,542.9 million.

17

Disaggregation of revenue was as follows for the nine months ended September 27, 2024:

($ in millions)			Mobility Technologies						Repair Solutions						Environmental & Fueling Solutions						Other						Eliminations						Total
Sales:
Sales of products			$	610.3					$	483.5					$	884.7					$	0.9					$	—					$	1,979.4
Sales of services			113.2						1.8						107.4						0.4						—						222.8
Intersegment sales			14.2						—						—						—						(14.2)						—
Total			$	737.7					$	485.3					$	992.1					$	1.3					$	(14.2)					$	2,202.2
Geographic:
North America (a)			$	483.8					$	485.3					$	625.6					$	1.3					$	—					$	1,596.0
Western Europe			67.3						—						117.0						—						—						184.3
High growth markets			113.2						—						210.2						—						—						323.4
Rest of world			59.2						—						39.3						—						—						98.5
Intersegment sales			14.2						—						—						—						(14.2)						—
Total			$	737.7					$	485.3					$	992.1					$	1.3					$	(14.2)					$	2,202.2

(a) Includes total sales in the United States of $1,525.4 million.

NOTE 8. INCOME TAXES

The Company’s effective tax rate for the three and nine months ended September 26, 2025 was 24.4% and 23.2%, respectively, as compared to 18.3% and 18.6% for the three and nine months ended September 27, 2024, respectively. The increase in the effective tax rate for the three months ended September 26, 2025 as compared to the comparable period in the prior year was primarily due to an increase in foreign earnings taxed at higher rates than the U.S. federal statutory rate and favorable changes in uncertain tax position reserves during the three months ended September 27, 2024. The increase in the effective tax rate for the nine months ended September 26, 2025 as compared to the comparable period in the prior year was primarily due to favorable impacts related to uncertain tax position reserves and business reorganizations and divestitures during the nine months ended September 27, 2024.

The Company’s effective tax rate for the three and nine months ended September 26, 2025 differs from the U.S. federal statutory rate of 21% primarily due to the effect of state taxes, non-U.S. income taxed at different rates than the U.S. federal statutory rate, foreign derived intangible income, and tax credits. The Company’s effective tax rate for the three and nine months ended September 27, 2024 differs from the U.S. federal statutory rate of 21% primarily due to the effect of state taxes, tax credits, changes in uncertain tax position reserves and the impact of the divestiture of the Coats business.

One Big Beautiful Bill

On July 4, 2025, the One Big Beautiful Bill (“OBBB”) was signed into law. The OBBB includes several changes to corporate taxation, notably modifications to capitalization of research and development expenses and accelerated depreciation of fixed assets. The Company has reflected the impact of the enacted changes in its financial statements for the three and nine months ended September 26, 2025. The Company currently expects a $60.0 million reduction in cash tax payments due to the accelerated deduction of previously capitalized research and development expenses that can now be deducted under the OBBB. The other provisions within the OBBB are not expected to have a material impact.

NOTE 9. SEGMENT INFORMATION

The President and CEO of Vontier has been identified as the Company’s chief operating decision maker (“CODM”). Segment operating profit is used as a performance metric by the CODM in determining how to allocate resources and assess performance. Segment operating profit represents total segment sales less operating costs attributable to the segment, which does not include unallocated corporate costs and other operating costs not allocated to the reportable segments as part of the CODM’s assessment of reportable segment operating performance, including amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other related charges and other unallocated income or expense not indicative of the segment’s core operating performance. Corporate costs represent general and administrative expenses for the Company’s corporate functions, including transaction and deal-related costs.

As part of the CODM’s assessment of the Repair Solutions segment, a capital charge calculated based on the segment’s average gross outstanding financing receivables portfolio during the period and an estimated weighted average cost of capital is assessed by Corporate (the “Repair Solutions Capital Charge”).

18

The CODM does not regularly review any expenses on a segment basis. The CODM is regularly provided with actual and forecasted bookings and sales, and the related core growth for each, and segment operating profit and the related margin on a segment basis to assess segment performance. The CODM also reviews prior forecast to current forecast variances for bookings, sales and segment operating profit as part of the assessment of segment performance.

Intersegment sales primarily result from solutions developed by the Mobility Technologies segment that are integrated into products sold by the Environmental & Fueling Solutions segment. Intersegment sales are recorded at cost plus a margin which is intended to reflect the contribution made by the Mobility Technologies segment. Segment operating profit includes the operating profit from intersegment sales.

The Company’s CODM does not review any information regarding total assets on a segment basis.

Segment results for the three months ended September 26, 2025 were as follows:

($ in millions)			Mobility Technologies						Repair Solutions						Environmental & Fueling Solutions						Eliminations						Total
Sales of products and services (a)			$	253.1					$	141.6					$	357.8					$	—					$	752.5
Intersegment sales			17.5						—						—						(17.5)						—
Total sales			270.6						141.6						357.8						(17.5)						752.5
Operating costs and expenses:
Other segment items			(220.5)						(112.0)						(253.4)						17.5						(568.4)
Segment operating profit			$	50.1					$	29.6					$	104.4					$	—					$	184.1

(a) Repair Solutions includes interest income related to financing receivables of $18.6 million.

Segment results for the three months ended September 27, 2024 were as follows:

($ in millions)			Mobility Technologies						Repair Solutions						Environmental & Fueling Solutions												Eliminations						Total
Sales of products and services(a)			$	248.0					$	152.1					$	349.9											$	—					$	750.0
Intersegment sales			9.4						—						—												(9.4)						—
Total sales			257.4						152.1						349.9												(9.4)						750.0
Operating costs and expenses:
Other segment items			(210.8)						(119.5)						(246.9)												9.4						(567.8)
Segment operating profit			$	46.6					$	32.6					$	103.0											$	—					$	182.2

(a) Repair Solutions includes interest income related to financing receivables of $19.2 million.

Segment results for the nine months ended September 26, 2025 were as follows:

($ in millions)			Mobility Technologies						Repair Solutions						Environmental & Fueling Solutions						Eliminations						Total
Sales of products and services (a)			$	772.5					$	445.4					$	1,049.2					$	—					$	2,267.1
Intersegment sales			48.8						—						—						(48.8)						—
Total sales			821.3						445.4						1,049.2						(48.8)						2,267.1
Operating costs and expenses:
Other segment items			(665.8)						(351.2)						(741.6)						48.8						(1,709.8)
Segment operating profit			$	155.5					$	94.2					$	307.6					$	—					$	557.3

(a) Repair Solutions includes interest income related to financing receivables of $55.5 million.

19

Segment results for the nine months ended September 27, 2024 were as follows:

($ in millions)			Mobility Technologies						Repair Solutions						Environmental & Fueling Solutions						Other						Eliminations						Total
Sales of products and services(a)			$	723.5					$	485.3					$	992.1					$	1.3					$	—					$	2,202.2
Intersegment sales			14.2						—						—						—						(14.2)						—
Total sales			737.7						485.3						992.1						1.3						(14.2)						2,202.2
Operating costs and expenses:
Other segment items			(602.3)						(375.9)						(702.5)						(1.7)						14.2						(1,668.2)
Segment operating profit			$	135.4					$	109.4					$	289.6					$	(0.4)					$	—					$	534.0

(a) Repair Solutions includes interest income related to financing receivables of $57.7 million.

Other segment items for each reportable segment includes the following for all periods presented:

•Mobility Technologies: Cost of sales, excluding amortization of acquisition-related intangible assets, selling, general and administrative expenses and research and development expenses.

•Repair Solutions: Cost of sales, excluding amortization of acquisition-related intangible assets, selling, general and administrative expenses, research and development expenses and the Repair Solutions Capital Charge. The Repair Solutions Capital Charge was $10.7 million, $11.1 million, $32.4 million and $32.9 million for the three and nine months ended September 26, 2025 and September 27, 2024, respectively.

•Environmental & Fueling Solutions: Cost of sales, excluding amortization of acquisition-related intangible assets, selling, general and administrative expenses and research and development expenses.

•Other: Cost of sales, excluding amortization of acquisition-related intangible assets, selling, general and administrative expenses and research and development expenses.

Other segment items does not include unallocated corporate costs and other operating costs not allocated to the reportable segments as part of the CODM’s assessment of reportable segment operating performance, as further discussed above.

A reconciliation of segment operating profit to earnings before income taxes for the three and nine months ended September 26, 2025 and September 27, 2024 were as follows:

			Three Months Ended												Nine Months Ended
($ in millions)			September 26, 2025						September 27, 2024						September 26, 2025						September 27, 2024
Segment operating profit			$	184.1					$	182.2					$	557.3					$	534.0
Corporate & other unallocated costs:
Amortization of acquisition-related intangible assets			(18.3)						(20.0)						(57.1)						(60.0)
Stock-based compensation expense			(7.2)						(7.9)						(23.3)						(25.3)
Restructuring and other related charges			(1.1)						(4.2)						(8.0)						(10.7)
Other unallocated income (expense)			0.5						(0.1)						(12.7)						(4.0)
Corporate costs			(26.3)						(29.6)						(79.7)						(79.2)
Repair Solutions Capital Charge			10.7						11.1						32.4						32.9
Total corporate & other unallocated costs			(41.7)						(50.7)						(148.4)						(146.3)
Operating profit			142.4						131.5						408.9						387.7
Interest expense, net			(14.8)						(18.9)						(45.5)						(56.2)
Gain on sale of businesses			3.4						—						3.4						37.2
Other non-operating income (expense), net			5.0						(0.3)						1.0						(1.6)
Earnings before income taxes			$	136.0					$	112.3					$	367.8					$	367.1

20

Depreciation expense by segment for the three and nine months ended September 26, 2025 and September 27, 2024 were as follows:

			Three Months Ended												Nine Months Ended
($ in millions)			September 26, 2025						September 27, 2024						September 26, 2025						September 27, 2024
Mobility Technologies			$	10.0					$	9.2					$	29.9					$	25.6
Repair Solutions			0.5						0.7						1.8						1.9
Environmental & Fueling Solutions			2.0						1.8						5.9						5.8
Corporate			0.3						0.3						0.9						1.2
Total			$	12.8					$	12.0					$	38.5					$	34.5

NOTE 10. LITIGATION AND CONTINGENCIES

Warranty

Estimated warranty costs are generally accrued at the time of sale as a component of Cost of sales on the Consolidated Condensed Statements of Earnings and Comprehensive Income. In general, manufactured products are warrantied against defects in material and workmanship when properly used for their intended purpose, installed correctly and appropriately maintained. Warranty period terms depend on the nature of the product and range from 90 days up to the life of the product. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor, and in certain instances, estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known.

The following is a rollforward of the accrued warranty liability:

($ in millions)
Balance, December 31, 2024			$	39.0
Accruals for warranties issued during the period			24.3
Settlements made			(26.3)
Effect of foreign currency translation			0.5
Balance, September 26, 2025			$	37.5

Litigation and Other Contingencies

The Company is involved in legal proceedings from time to time in the ordinary course of its business. Although the outcome of such matters is uncertain, management believes that these legal proceedings will not have a material adverse effect on the financial condition or results of future operations of the Company.

In accordance with accounting guidance, the Company records a liability in the Consolidated Condensed Financial Statements for loss contingencies when a loss is known or considered probable and the amount can be reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a better estimate than any other, the minimum amount of the range is accrued. If a loss does not meet the known or probable level but is reasonably possible and a loss or range of loss can be reasonably estimated, the estimated loss or range of loss is disclosed.

Gross liabilities associated with known and future expected asbestos claims and projected insurance recoveries were as follows as of:

($ in millions)			Classification						September 26, 2025						December 31, 2024
Gross liabilities
Current			Accrued expenses and other current liabilities						$	26.4					$	21.4
Long-term			Other long-term liabilities						84.4						83.2
Total									110.8						104.6
Projected insurance recoveries
Current			Prepaid expenses and other current assets						18.4						14.1
Long-term			Other assets						52.6						50.7
Total									$	71.0					$	64.8

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Guarantees

As of September 26, 2025 and December 31, 2024, the Company had guarantees consisting primarily of outstanding standby letters of credit, bank guarantees, and performance and bid bonds of approximately $76.4 million and $81.4 million, respectively. These guarantees have been provided in connection with certain arrangements with vendors, customers, financing counterparties, and governmental entities to secure the Company’s obligations and/or performance requirements related to specific transactions.

NOTE 11. CAPITAL STOCK AND EARNINGS PER SHARE

Earnings Per Share

Basic earnings per share is calculated by dividing net earnings by the weighted average number of shares of common stock outstanding. Diluted earnings per share is calculated by adjusting weighted average common shares outstanding for the dilutive effect of the assumed issuance of shares under stock-based compensation plans, determined using the treasury-stock method, except where the inclusion of such shares would have an anti-dilutive impact.

Information related to the calculation of net earnings per share of common stock is summarized as follows:

			Three Months Ended												Nine Months Ended
(in millions, except per share amounts)			September 26, 2025						September 27, 2024						September 26, 2025						September 27, 2024
Numerator:
Net earnings			$	102.8					$	91.8					$	282.6					$	298.7
Denominator:
Basic weighted average common shares outstanding			146.5						152.4						147.7						153.8
Effect of dilutive stock options and RSUs			0.9						0.8						0.7						0.9
Diluted weighted average common shares outstanding			147.4						153.2						148.4						154.7
Earnings per share:
Basic			$	0.70					$	0.60					$	1.91					$	1.94
Diluted			$	0.70					$	0.60					$	1.90					$	1.93
Anti-dilutive shares			0.1						0.4						0.8						0.6

Share Repurchase Program

On April 30, 2025, the Company’s Board of Directors approved a replenishment of the Company’s previously approved share repurchase program announced in May 2021 and replenished in May 2022, bringing the total amount authorized for future share repurchases to $500 million. Under the share repurchase program, the Company may purchase shares of common stock from time to time in open market transactions, privately negotiated transactions, accelerated share repurchase programs, or by combinations of such methods, any of which may use prearranged trading plans that are designed to meet the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934. The timing of any repurchases and the actual number of shares repurchased will depend on a variety of factors, including the Company’s stock price, corporate and regulatory requirements, restrictions under the Company’s debt obligations and other market and economic conditions. The share repurchase program may be suspended or discontinued at any time and has no expiration date.

The Company repurchased 1.7 million of the Company’s shares for $70.0 million through open market transactions at an average price per share of $41.65 during the three months ended September 26, 2025 and 4.6 million of the Company’s shares for $175.1 million through open market transactions at an average price per share of $37.48 during the nine months ended September 26, 2025. As of September 26, 2025, the Company has remaining authorization to repurchase $392.5 million of its common stock under the share repurchase program.

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NOTE 12. DIVESTITURES

During the three months ended September 26, 2025, the Company completed the sales of certain assets within its Mobility Technologies segment and its European service operations within its Environmental & Fueling Solutions segment. As a result of the transactions, the Company recognized a preliminary gain of $3.4 million, subject to the finalization of customary working capital adjustments, during the three months ended September 26, 2025, which is presented in Gain on sale of businesses in the Consolidated Condensed Statements of Earnings and Comprehensive Income. The operations of the disposed businesses did not meet the criteria to be presented as discontinued operations.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is designed to provide a reader of our financial statements with a narrative from the perspective of management and is intended to help the reader understand the results of operations and financial condition of the Company. Our MD&A should be read in conjunction with our MD&A and Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “2024 Annual Report on Form 10-K”) and our Consolidated Condensed Financial Statements as of and for the three and nine months ended September 26, 2025 included in this Form 10-Q.

INFORMATION RELATING TO FORWARD-LOOKING STATEMENTS

Certain statements included or incorporated by reference in this quarterly report, in other documents we file with or furnish to the Securities and Exchange Commission (“SEC”), in our press releases, webcasts, conference calls, materials delivered to shareholders and other communications, are “forward-looking statements” within the meaning of the United States federal securities laws.

Forward-looking statements are not guarantees of future performance and actual results may differ materially from the results, developments and business decisions contemplated by our forward-looking statements. Accordingly, you should not place undue reliance on any such forward-looking statements. Forward-looking statements speak only as of the date of the report, document, press release, webcast, call, materials or other communication in which they are made. Important factors that could cause actual results to differ materially from those envisaged in the forward-looking statements include the following:

•If we cannot adjust our manufacturing capacity, supply chain management or the purchases required for our manufacturing activities to reflect changes in market conditions, customer demand and supply chain or transportation disruptions, our profitability may suffer. In addition, our reliance upon sole or limited sources of supply for certain materials, components and services has in the past and could in the future cause production interruptions, delays and inefficiencies.

•Our growth depends in part on the timely development and commercialization, and customer acceptance, of new and enhanced products and services based on technological innovation.

•Changes in our software and subscription businesses may adversely impact our business, financial condition and results of operations.

•The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and as a result we may face unexpected liabilities.

•Our restructuring actions could have long-term adverse effects on our business.

•As of September 26, 2025, we have outstanding indebtedness of approximately $2.1 billion and the ability to incur an additional $750.0 million of indebtedness under the Revolving Credit Facility and in the future we may incur additional indebtedness. This indebtedness could adversely affect our businesses and our ability to meet our obligations and pay dividends.

•We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.

•Any inability to consummate acquisitions at our historical rates and at appropriate prices, and to make appropriate investments that support our long-term strategy, could negatively impact our growth rate and stock price.

•Our acquisition of businesses, investments, joint ventures and other strategic relationships could negatively impact our financial statements.

•Divestitures or other dispositions could negatively impact our business, and contingent liabilities from businesses that we or our predecessors have sold could adversely affect our financial statements.

•Conditions in the global economy, the particular markets we serve and the financial markets may adversely affect our business and financial statements.

•Changes in U.S. trade policy, including changes to existing trade agreements and any resulting changes in international trade relations, may have a material adverse effect on us.

•Adverse changes in our relationships with, or the financial condition, performance, purchasing patterns or inventory levels of, key distributors and other channel partners could adversely affect our financial statements.

•Our financial results are subject to fluctuations in the cost and availability of commodities that we use in our operations.

•Defects, tampering, unanticipated use or inadequate disclosure with respect to our products or services (including software), or allegations thereof, could adversely affect our business, reputation and financial statements.

•Our growth could suffer if the markets into which we sell our products and services decline, do not grow as anticipated or experience cyclicality.

•Our reputation, ability to do business and financial statements may be impaired by improper conduct by any of our employees, agents or business partners.

•If we do not or cannot adequately protect our intellectual property, or if third parties infringe our intellectual property rights, we may suffer competitive injury or expend significant resources enforcing our rights.

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•Third parties may claim that we are infringing or misappropriating their intellectual property rights and we could suffer significant litigation expenses, losses or licensing expenses or be prevented from selling products or services.

•If we suffer a loss to our facilities, supply chains, distribution systems or information technology systems due to catastrophe or other events, our operations could be seriously harmed.

•Our ability to attract, develop and retain talented executives and other key employees is critical to our success.

•Work stoppages, union and works council campaigns and other labor disputes could adversely impact our productivity and results of operations.

•Global economic, political, legal, compliance, supply chain, epidemic, pandemic and business factors could negatively affect our financial statements.

•Foreign currency exchange rates may adversely affect our financial statements.

•Changes in, or status of implementation of, industry standards and governmental regulations, including the interpretation or enforcement thereof, may reduce demand for our products or services, increase our expenses or otherwise adversely impact our business model.

•Our businesses are subject to extensive regulation; failure to comply with those regulations could adversely affect our financial statements and our business, including our reputation.

•We are party to asbestos-related product litigation that could adversely affect our financial condition, results of operations and cash flows.

•A significant disruption in, or breach in security of, our information technology systems or data or violation of data privacy laws could adversely affect our business, reputation and financial statements.

•Our operations, products and services expose us to the risk of environmental, health and safety liabilities, costs and violations that could adversely affect our business, reputation and financial statements.

•We are subject to a variety of litigation and other legal and regulatory proceedings in the course of our business that could adversely affect our business and financial statements.

•If we are unable to implement and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our common stock may be negatively affected.

•We may be required to recognize impairment charges for our goodwill and other intangible assets.

•Changes in our effective tax rates or exposure to additional income tax liabilities or assessments could affect our profitability. In addition, audits by tax authorities could result in additional payments for prior periods.

See “Item 1A. Risk Factors” in our 2024 Annual Report on Form 10-K and “Part II - Item 1A. Risk Factors” in this Form 10-Q for further discussion regarding reasons that actual results may differ materially from the results, developments and business decisions contemplated by our forward-looking statements. Forward-looking statements speak only as of the date of the report, document, press release, webcast, call, materials or other communication in which they are made. Except to the extent required by applicable law, we do not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.

OVERVIEW

General

Vontier is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves, delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide.

We operate through three reportable segments which align to our three operating segments: (i) Mobility Technologies, which provides digitally enabled equipment and solutions to support efficient operations across the mobility ecosystem, including point-of-sale and payment systems, workflow automation solutions, telematics, data analytics, software platform for electric vehicle charging networks and integrated solutions for alternative fuel dispensing; (ii) Repair Solutions, which manufactures and distributes aftermarket vehicle repair tools, toolboxes, automotive diagnostic equipment and software through a network of mobile franchisees; and (iii) Environmental & Fueling Solutions, which provides environmental and fueling hardware and software, and aftermarket solutions for global fueling infrastructure. Our Coats business, which was divested during January 2024, is presented in Other for periods prior to the divestiture.

25

Outlook

We expect core sales to increase on a year-over-year basis in 2025. Our outlook is subject to various assumptions and risks, including but not limited to the impact of changes in United States and international trade policies, other changes in governmental policies or regulations, the resilience and durability of the economies of the United States and other critical regions, the condition of global supply chains, including the availability of electronic components, the impact of international conflicts, including Russia-Ukraine and conflicts in the Middle East and market conditions in key end product segments. Additional uncertainties are identified in “Information Relating to Forward-Looking Statements” above and in “Risk Factors” in our 2024 Annual Report on Form 10-K.

We continue to monitor the macroeconomic and geopolitical conditions which may impact our business, including monetary and fiscal policies, changes in the banking system and investment and taxation policy initiatives being considered in the United States and by the Organization for Economic Co-operation and Development. We also continue to monitor the Russia-Ukraine conflict and conflicts in the Middle East and the impact on our business and operations. As of the filing date of this report, we do not believe they are material.

During April 2025, the United States announced a new baseline tariff of 10%, plus an additional country-specific tariff, on all imports into the United States. In response, certain countries announced reciprocal tariffs on imports from the United States. While the United States has reached trade agreements with certain countries, tariffs on imports from other countries and other reciprocal tariffs either remain in effect or have been temporarily paused, and as such, significant uncertainty around future tariff policies remains. We import inventory into the United States from a number of countries, and as such, if tariffs remain in effect for a prolonged period of time, we expect our cost to import inventory into the United States to increase. We continue to diversify our supply chain to reduce our exposure to tariffs on imports into the United States, particularly from high-tariff countries. In addition, certain of our products manufactured in the United States are exported internationally and are subject to reciprocal tariffs. If we are unable to effectively mitigate the financial impact of tariffs, or if tariffs lead to other impacts, including but not limited to a decrease in demand for our products, it would have a material impact on our business, financial condition and results of operations.

RESULTS OF OPERATIONS

Comparison of Results of Operations

			Three Months Ended																								Nine Months Ended
($ in millions)			September 26, 2025						% of Sales						September 27, 2024						% of Sales						September 26, 2025						% of Sales						September 27, 2024						% of Sales
Sales			$	752.5											$	750.0											$	2,267.1											$	2,202.2
Operating costs and expenses:
Cost of sales(a)			(396.4)						52.7		%				(395.8)						52.8		%				(1,190.4)						52.5		%				(1,140.5)						51.8		%
Selling, general and administrative expenses (“SG&A”)			(151.0)						20.1		%				(157.0)						20.9		%				(478.6)						21.1		%				(478.7)						21.7		%
Research and development expenses (“R&D”)			(44.4)						5.9		%				(45.7)						6.1		%				(132.1)						5.8		%				(135.3)						6.1		%
Amortization of acquisition-related intangible assets			(18.3)						2.4		%				(20.0)						2.7		%				(57.1)						2.5		%				(60.0)						2.7		%
Operating profit			$	142.4					18.9		%				$	131.5					17.5		%				$	408.9					18.0		%				$	387.7					17.6		%

(a) Excluding amortization of acquisition-related intangible assets.

Sales

The components of our consolidated sales growth were as follows for the periods indicated:

			% Change Three Months Ended September 26, 2025 vs. Comparable 2024 Period						% Change Nine Months Ended September 26, 2025 vs. Comparable 2024 Period
Total sales growth (GAAP)			0.3		%				2.9		%
Core sales (Non-GAAP)			—		%				3.1		%
Acquisitions and divestitures (Non-GAAP)			—		%				—		%
Currency exchange rates (Non-GAAP)			0.3		%				(0.2)		%

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Sales for each of our segments were as follows for the periods indicated:

			Three Months Ended												Nine Months Ended
($ in millions)			September 26, 2025						September 27, 2024						September 26, 2025						September 27, 2024
Mobility Technologies(a)			$	270.6					$	257.4					$	821.3					$	737.7
Repair Solutions			141.6						152.1						445.4						485.3
Environmental & Fueling Solutions			357.8						349.9						1,049.2						992.1
Other			—						—						—						1.3
Intersegment eliminations			(17.5)						(9.4)						(48.8)						(14.2)
Total			$	752.5					$	750.0					$	2,267.1					$	2,202.2

(a) Includes $17.5 million, $9.4 million, $48.8 million and $14.2 million of intersegment sales for three and nine months ended September 26, 2025 and September 27, 2024, respectively, that are eliminated in consolidation.

Mobility Technologies

The components of sales growth for our Mobility Technologies segment were as follows for the periods indicated:

			% Change Three Months Ended September 26, 2025 vs. Comparable 2024 Period						% Change Nine Months Ended September 26, 2025 vs. Comparable 2024 Period
Total sales growth (GAAP)			5.1		%				11.3		%
Core sales (Non-GAAP)			4.8		%				11.6		%
Acquisitions and divestitures (Non-GAAP)			0.1		%				0.1		%
Currency exchange rates (Non-GAAP)			0.2		%				(0.4)		%

Total sales within our Mobility Technologies segment increased 5.1% during the three months ended September 26, 2025, as compared to the comparable period in 2024, driven by a 4.8% increase in core sales. The increase in core sales was due to solid demand for our convenience retail payment and enterprise productivity solutions.

Total sales within our Mobility Technologies segment increased 11.3% during the nine months ended September 26, 2025, as compared to the comparable period in 2024, driven by a 11.6% increase in core sales, partially offset by a 0.4% decrease due to the impact of currency translation. The increase in core sales was due to solid demand for our convenience retail payment and enterprise productivity solutions, partially offset by lower demand for our car wash solutions.

Repair Solutions

The components of sales growth for our Repair Solutions segment were as follows for the periods indicated:

			% Change Three Months Ended September 26, 2025 vs. Comparable 2024 Period						% Change Nine Months Ended September 26, 2025 vs. Comparable 2024 Period
Total sales growth (GAAP)			(6.9)		%				(8.2)		%
Core sales (Non-GAAP)			(6.9)		%				(8.1)		%
Acquisitions and divestitures (Non-GAAP)			—		%				—		%
Currency exchange rates (Non-GAAP)			—		%				(0.1)		%

Total sales and core sales within our Repair Solutions segment decreased 6.9% during the three months ended September 26, 2025, as compared to the comparable period in 2024, due to a decrease in volume in the tool storage, diagnostics and hardline product categories driven by macroeconomic impacts on service technicians’ discretionary spending.

Total sales and core sales within our Repair Solutions segment decreased 8.2% and 8.1%, respectively, during the nine months ended September 26, 2025, as compared to the comparable period in 2024, due to a decrease in volume in the tool storage, hardline and power tools product categories driven by macroeconomic impacts on service technicians’ discretionary spending.

27

Environmental & Fueling Solutions

The components of sales growth for our Environmental & Fueling Solutions segment were as follows for the periods indicated:

			% Change Three Months Ended September 26, 2025 vs. Comparable 2024 Period						% Change Nine Months Ended September 26, 2025 vs. Comparable 2024 Period
Total sales growth (GAAP)			2.3		%				5.8		%
Core sales (Non-GAAP)			1.8		%				5.8		%
Acquisitions and divestitures (Non-GAAP)			—		%				—		%
Currency exchange rates (Non-GAAP)			0.5		%				—		%

Total sales within our Environmental & Fueling Solutions segment increased 2.3% during the three months ended September 26, 2025, as compared to the comparable period in 2024, driven by a 1.8% increase in core sales and a 0.5% increase due to the impact of currency translation. The increase in core sales was due to growth in aftermarket products.

Total sales and core sales within our Environmental & Fueling Solutions segment increased 5.8% during the nine months ended September 26, 2025, as compared to the comparable period in 2024. The increase in core sales was due to growth in environmental solutions and dispenser systems.

Cost of Sales

Cost of sales, excluding amortization of acquisition-related intangible assets, increased $0.6 million, or 0.2%, for the three months ended September 26, 2025, as compared to the comparable period in 2024, consistent with our consolidated sales growth. Cost of sales, excluding amortization of acquisition-related intangible assets, as a percentage of sales decreased 10 basis points during the same period.

Cost of sales, excluding amortization of acquisition-related intangible assets, increased $49.9 million, or 4.4%, for the nine months ended September 26, 2025, as compared to the comparable period in 2024, and as a percentage of sales, increased 70 basis points during the same period, due to core sales growth in the Environmental & Fueling Solutions and Mobility Technologies segments as discussed above.

Operating Costs and Other Expenses

SG&A Expenses

SG&A expenses decreased $6.0 million, or 3.8%, during the three months ended September 26, 2025, as compared to the comparable period in 2024, and as a percentage of sales, decreased 80 basis points during the same period, due to productivity initiatives.

SG&A expenses decreased $0.1 million during the nine months ended September 26, 2025, as compared to the comparable period in 2024, and as a percentage of sales, decreased 60 basis points during the same period, due to productivity initiatives, partially offset by $7.0 million of asset impairments recognized during the nine months ended September 26, 2025.

R&D Expenses

R&D expenses decreased $1.3 million, or 2.8%, during the three months ended September 26, 2025, as compared to the comparable period in 2024, due to savings from focus and prioritization process initiatives. R&D expenses as a percentage of sales decreased 20 basis points during the three months ended September 26, 2025, as compared to the comparable period in 2024.

R&D expenses decreased $3.2 million, or 2.4%, during the nine months ended September 26, 2025, as compared to the comparable period in 2024, due to savings from focus and prioritization process initiatives. R&D expenses as a percentage of sales decreased 30 basis points during the nine months ended September 26, 2025, as compared to the comparable period in 2024.

Amortization of Acquisition-Related Intangible Assets

Amortization of acquisition-related intangible assets decreased $1.7 million, or 8.5%, during the three months ended September 26, 2025, as compared to the comparable period in 2024, due to certain intangible assets becoming fully amortized between periods. Amortization of acquisition-related intangible assets as a percentage of sales decreased 30 basis points during the same periods.

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Amortization of acquisition-related intangible assets decreased $2.9 million, or 4.8%, during the nine months ended September 26, 2025, as compared to the comparable period in 2024, due to certain intangible assets becoming fully amortized between periods. Amortization of acquisition-related intangible assets as a percentage of sales decreased 20 basis points during the same periods.

Operating Profit

Operating profit increased $10.9 million, or 8.3%, during the three months ended September 26, 2025, as compared to the comparable period in 2024, and operating profit margins increased 140 basis points during the same period.

Operating profit increased $21.2 million, or 5.5%, during the nine months ended September 26, 2025, as compared to the comparable period in 2024, and operating profit margins increased 40 basis points during the same period.

Segment operating profit is used as a performance metric by the CODM in determining how to allocate resources and assess performance. Segment operating profit represents total segment sales less operating costs attributable to the segment, which does not include unallocated corporate costs and other operating costs not allocated to the reportable segments as part of the CODM’s assessment of reportable segment operating performance, including amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other related charges and other unallocated income or expense not indicative of the segment’s core operating performance. As part of the CODM’s assessment of the Repair Solutions segment, a capital charge calculated based on the segment’s average gross outstanding financing receivables portfolio during the period and an estimated weighted average cost of capital is assessed by Corporate (the “Repair Solutions Capital Charge”). Refer to Note 9. Segment Information to the Consolidated Condensed Financial Statements for additional information.

Segment operating profit, operating profit and related margins were as follows for the periods indicated:

			Three Months Ended																								Nine Months Ended
($ in millions)			September 26, 2025						Margin						September 27, 2024						Margin						September 26, 2025						Margin						September 27, 2024						Margin
Mobility Technologies			$	50.1					18.5		%				$	46.6					18.1		%				$	155.5					18.9		%				$	135.4					18.4		%
Repair Solutions			29.6						20.9						32.6						21.4						94.2						21.1						109.4						22.5
Environmental & Fueling Solutions			104.4						29.2						103.0						29.4						307.6						29.3						289.6						29.2
Other			—						—						—						—						—						—						(0.4)						(30.8)
Corporate & other unallocated costs(a)			(41.7)						(5.5)						(50.7)						(6.8)						(148.4)						(6.5)						(146.3)						(6.6)
Total operating profit			$	142.4					18.9		%				$	131.5					17.5		%				$	408.9					18.0		%				$	387.7					17.6		%

(a) Margin for corporate & other unallocated costs is presented as a percentage of total sales. Refer to further discussion of Corporate & other unallocated costs below.

Mobility Technologies

Segment operating profit for our Mobility Technologies segment increased $3.5 million, or 7.5%, during the three months ended September 26, 2025, as compared to the comparable period in 2024, and segment operating profit margin increased 40 basis points during the same period. The increase in segment operating profit margin was due to savings from focus and prioritization process initiatives.

Segment operating profit for our Mobility Technologies segment increased $20.1 million, or 14.8%, during the nine months ended September 26, 2025, as compared to the comparable period in 2024, and segment operating profit margin increased 50 basis points during the same period. The increase in segment operating profit margin was due to an increase in volume, as further discussed above, and cost optimization.

Repair Solutions

Segment operating profit for our Repair Solutions segment decreased $3.0 million, or 9.2%, during the three months ended September 26, 2025, as compared to the comparable period in 2024, and segment operating profit margin decreased 50 basis points during the same period. The decrease in segment operating profit margin was due to a decrease in volume, as further discussed above, partially offset by price-cost benefits.

Segment operating profit for our Repair Solutions segment decreased $15.2 million, or 13.9%, during the nine months ended September 26, 2025, as compared to the comparable period in 2024, and segment operating profit margin decreased 140 basis points during the same period. The decrease in segment operating profit margin was due to a decrease in volume, as further discussed above.

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Environmental & Fueling Solutions

Segment operating profit for our Environmental & Fueling Solutions segment increased $1.4 million, or 1.4%, during the three months ended September 26, 2025, as compared to the comparable period in 2024, and segment operating profit margin decreased 20 basis points during the same period. The decrease in segment operating profit margin was due to unfavorable product and geographic mix, partially offset by savings from focus and prioritization process initiatives.

Segment operating profit for our Environmental & Fueling Solutions segment increased $18.0 million, or 6.2%, during the nine months ended September 26, 2025, as compared to the comparable period in 2024, and segment operating profit margin increased 10 basis points during the same period. The increase in segment operating profit margin was due to an increase in volume, as further discussed above, and price-cost benefits.

Corporate & Other Unallocated Costs

Corporate & other unallocated costs consists of the following for the periods indicated:

			Three Months Ended												Nine Months Ended
($ in millions)			September 26, 2025						September 27, 2024						September 26, 2025						September 27, 2024
Amortization of acquisition-related intangible assets			$	(18.3)					$	(20.0)					$	(57.1)					$	(60.0)
Stock-based compensation expense			(7.2)						(7.9)						(23.3)						(25.3)
Restructuring and other related charges			(1.1)						(4.2)						(8.0)						(10.7)
Other unallocated income (expense)			0.5						(0.1)						(12.7)						(4.0)
Corporate costs			(26.3)						(29.6)						(79.7)						(79.2)
Repair Solutions Capital Charge			10.7						11.1						32.4						32.9
Total corporate & other unallocated costs			$	(41.7)					$	(50.7)					$	(148.4)					$	(146.3)

Corporate & other unallocated costs decreased $9.0 million, or 17.8%, during the three months ended September 26, 2025, as compared to the comparable period in 2024, due to a $3.3 million decrease in corporate costs from cost optimization, a $3.1 million decrease in restructuring and other related charges and a $1.7 million decrease in amortization of acquisition-related intangible assets from certain intangible assets becoming fully amortized between periods. Corporate & other unallocated costs as a percentage of total sales decreased 130 basis points during the three months ended September 26, 2025, as compared to the comparable period in 2024.

Corporate & other unallocated costs increased $2.1 million, or 1.4%, during the nine months ended September 26, 2025, as compared to the comparable period in 2024, due to a $8.7 million increase in other unallocated expense from $7.0 million of asset impairments recognized during the nine months ended September 26, 2025, partially offset by a $2.9 million decrease in amortization of acquisition-related intangible assets from certain intangible assets becoming fully amortized between periods and a $2.7 million decrease in restructuring and other related charges. Corporate & other unallocated costs as a percentage of total sales decreased 10 basis points during the nine months ended September 26, 2025, as compared to the comparable period in 2024.

NON-GAAP FINANCIAL MEASURES

Core Sales

We define core sales as total sales excluding (i) sales from acquired and certain divested businesses; (ii) the impact of currency translation; and (iii) certain other items.

•References to sales attributable to acquisitions or acquired businesses refer to GAAP sales from acquired businesses recorded prior to the first anniversary of the acquisition less the amount of sales attributable to certain divested or exited businesses or product lines not considered discontinued operations.

•The portion of sales attributable to the impact of currency translation is calculated as the difference between (a) the period-to-period change in sales (excluding sales from acquired businesses) and (b) the period-to-period change in sales, including foreign operations, (excluding sales from acquired businesses) after applying the current period foreign exchange rates to the prior year period.

•The portion of sales attributable to other items is calculated as the impact of those items which are not directly correlated to core sales which do not have an impact on the current or comparable period.

Core sales should be considered in addition to, and not as a replacement for or superior to, total sales, and may not be comparable to similarly titled measures reported by other companies.

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Management believes that reporting the non-GAAP financial measure of core sales provides useful information to investors by helping identify underlying growth trends in our business and facilitating easier comparisons of our sales performance with our performance in prior and future periods and to our peers. We exclude the effect of acquisitions and certain divestiture-related items because the nature, size and number of such transactions can vary dramatically from period to period and between us and our peers. We exclude the effect of currency translation and certain other items from core sales because these items are either not under management’s control or relate to items not directly correlated to core sales. Management believes the exclusion of these items from core sales may facilitate assessment of underlying business trends and may assist in comparisons of long-term performance.

INTEREST COSTS

Interest expense, net was $14.8 million during the three months ended September 26, 2025, as compared to $18.9 million for the comparable period in 2024, a decrease of $4.1 million, driven by a decrease in our outstanding debt obligations, a decrease in variable interest rates on certain of our outstanding debt obligations and an increase in interest income between periods.

Interest expense, net was $45.5 million during the nine months ended September 26, 2025, as compared to $56.2 million for the comparable period in 2024, a decrease of $10.7 million, driven by a decrease in our outstanding debt obligations, a decrease in variable interest rates on certain of our outstanding debt obligations and an increase in interest income between periods.

For a discussion of our outstanding indebtedness, refer to Note 5. Financing to the Consolidated Condensed Financial Statements.

INCOME TAXES

Our effective tax rate for the three and nine months ended September 26, 2025 was 24.4% and 23.2%, respectively, as compared to 18.3% and 18.6% for the three and nine months ended September 27, 2024. The increase in the effective tax rate for the three months ended September 26, 2025 as compared to the comparable period in the prior year was primarily due to an increase in foreign earnings taxed at higher rates than the U.S. federal statutory rate and favorable changes in uncertain tax position reserves during the three months ended September 27, 2024. The increase in the effective tax rate for the nine months ended September 26, 2025 as compared to the prior year was primarily due to the favorable impacts related to uncertain tax position reserves and business reorganizations and divestitures during the nine months ended September 27, 2024.

One Big Beautiful Bill

On July 4, 2025, the One Big Beautiful Bill (“OBBB”) was signed into law. The OBBB includes several changes to corporate taxation, notably modifications to capitalization of research and development expenses and accelerated depreciation of fixed assets. The Company has reflected the impact of the enacted changes in its financial statements for the three and nine months ended September 26, 2025. The Company currently expects a $60.0 million reduction in cash tax payments due to the accelerated deduction of previously capitalized research and development expenses that can now be deducted under the OBBB. The other provisions within the OBBB are not expected to have a material impact.

COMPREHENSIVE INCOME

Comprehensive income decreased by $28.2 million during the three months ended September 26, 2025, as compared to the comparable period in 2024. Comprehensive income for the three months ended September 26, 2025 includes unfavorable foreign currency translation adjustments of $10.1 million while comprehensive income for the three months ended September 27, 2024 includes favorable foreign currency translation adjustments of $29.1 million.

Comprehensive income increased by $41.7 million during the nine months ended September 26, 2025, as compared to the comparable period in 2024. Comprehensive income for the nine months ended September 26, 2025 includes favorable foreign currency translation adjustments of $59.9 million while comprehensive income for the nine months ended September 27, 2024 includes a gain on the sale of the Company’s Coats business of $37.2 million.

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LIQUIDITY AND CAPITAL RESOURCES

We assess our liquidity in terms of our ability to generate cash to fund our operating, investing and financing activities. As of September 26, 2025, we held $433.8 million of cash and cash equivalents and had $750.0 million of borrowing capacity under our revolving credit facility. We generate substantial cash from operating activities and believe that our operating cash flow and other sources of liquidity will be sufficient to allow us to continue to support working capital needs, capital expenditures, pay interest and service debt, pay taxes and any related interest or penalties, fund our restructuring activities and pension plans as required, invest in existing businesses, consummate strategic acquisitions, manage our capital structure on a short and long-term basis and support other business needs or objectives. We also have purchase obligations which consist of agreements to purchase goods or services that are enforceable and legally binding on us and that specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions and the approximate timing of the transaction. As of September 26, 2025, we believe that we have sufficient liquidity to satisfy our cash needs.

Our long-term debt requires, among others, that we maintain certain financial covenants, and we were in compliance with all of these covenants as of September 26, 2025.

2025 Financing and Capital Transactions

During the nine months ended September 26, 2025, we completed the following financing and capital transactions:

•Voluntarily repaid $50.0 million of the Three-Year Term Loans Due 2025;

•Executed an amendment to extend the maturity date of the Three-Year Term Loans Due 2025 to February 2028, remove the credit spread adjustment and reduce the ratings-based margin by 12.5 basis points;

•Executed an amendment to the Revolving Credit Facility, which extended the maturity date to February 2030 and removed the SOFR adjustment;

•Repurchased 4.6 million shares for $175.1 million in the open market.

Refer to Note 5. Financing to the Consolidated Condensed Financial Statements for more information related to our long-term indebtedness and Note 11. Capital Stock and Earnings per Share to the Consolidated Condensed Financial Statements for more information related to our share repurchases.

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Overview of Cash Flows and Liquidity

Following is an overview of our cash flows and liquidity:

			Nine Months Ended
($ in millions)			September 26, 2025						September 27, 2024
Net cash provided by operating activities			$	320.9					$	259.4
Cash paid for acquisitions			$	(10.3)					$	—
Proceeds from sale of businesses, net of cash provided			41.6						68.4
Payments for additions to property, plant and equipment			(54.6)						(62.6)
Proceeds from sale of property, plant and equipment			0.2						1.3
Cash paid for equity investments			(1.3)						(2.3)
Proceeds from sale of equity securities			10.0						0.2
Net cash (used in) provided by investing activities			$	(14.4)					$	5.0
Proceeds from issuance of long-term debt			$	83.3					$	—
Repayment of long-term debt			(133.3)						(100.0)
Net repayments of short-term borrowings			(1.7)						(1.2)
Payments for debt issuance costs			(2.3)						—
Payments of common stock cash dividend			(11.1)						(11.5)
Purchases of treasury stock			(175.1)						(164.6)
Proceeds from stock option exercises			9.5						14.4
Other financing activities			(12.4)						(13.9)
Net cash used in financing activities			$	(243.1)					$	(276.8)

Operating Activities

Cash flows from operating activities can fluctuate significantly from period to period as working capital needs and the timing of payments for income taxes, restructuring activities and other items impact reported cash flows.

Cash flows from operating activities were $320.9 million during the nine months ended September 26, 2025, an increase of $61.5 million, as compared to the comparable period in 2024. The year-over-year change in operating cash flows was primarily attributable to the following factors:

•The aggregate of accounts receivable and long-term financing receivables used $27.2 million of operating cash flows during the nine months ended September 26, 2025 compared to using $46.2 million in the comparable period of 2024. The amount of cash flow generated from or used by accounts receivable depends upon how effectively we manage the cash conversion cycle and can be significantly impacted by the timing of collections in a period. Additionally, when we originate certain financing receivables, we assume the financing receivable by decreasing the franchisee’s trade accounts receivable. As a result, originations of certain financing receivables are non-cash transactions.

•The aggregate of other operating assets and liabilities used $87.8 million during the nine months ended September 26, 2025 compared to using $69.3 million in the comparable period of 2024. This change is due primarily to working capital needs and the timing of accruals and payments and tax-related amounts.

Investing Activities

Net cash used in investing activities was $14.4 million during the nine months ended September 26, 2025, driven by payments for additions to property, plant and equipment and cash paid for the acquisition of Sergeant Sudz, partially offset by proceeds from the sale of businesses. Net cash provided by investing activities was $5.0 million during the nine months ended September 27, 2024, driven by proceeds from the sale of our Coats business, partially offset by payments for additions to property, plant and equipment.

We made capital expenditures of $54.6 million and $62.6 million during the nine months ended September 26, 2025 and September 27, 2024, respectively.

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Refer to Note 2. Acquisitions to the Consolidated Condensed Financial Statements for additional information on our acquisition of Sergeant Sudz and Note 12. Divestitures to the Consolidated Condensed Financial Statements for additional information on our dispositions.

Financing Activities

Net cash used in financing activities was $243.1 million during the nine months ended September 26, 2025, driven by repurchases of the Company’s common stock of $175.1 million and the voluntary repayment of $50.0 million of the Three-Year Term Loans due 2025. Net cash used in financing activities was $276.8 million during the nine months ended September 27, 2024, driven by repurchases of the Company’s common stock of $164.6 million and the voluntary repayment of $100.0 million of the Three-Year Term Loans due 2024.

Share Repurchase Program

Refer to Note 11. Capital Stock and Earnings per Share to the Consolidated Condensed Financial Statements for a description of the Company’s share repurchase program.

Dividends

We paid regular quarterly cash dividends of $0.025 per share during the nine months ended September 26, 2025. The declaration of future cash dividends is at the discretion of our Board of Directors and will depend upon, among other things, our future earnings, cash flows, capital requirements, financial condition and general business conditions.

Supplemental Guarantor Financial Information

As of September 26, 2025, we had $1.6 billion in aggregate principal amount of the Registered Notes and $500.0 million in aggregate principal amount outstanding of the Term Loans. Our obligations to pay principal and interest on the Registered Notes and Term Loans are fully and unconditionally guaranteed on a joint and several basis on an unsecured, unsubordinated basis by Gilbarco Inc. and Matco Tools Corporation, two of Vontier’s wholly-owned subsidiaries (the “Guarantor Subsidiaries”). Our other subsidiaries do not guarantee any such indebtedness (collectively, the “Non-Guarantor Subsidiaries”). Refer to Note 5. Financing to the Consolidated Condensed Financial Statements for additional information regarding the terms of our Registered Notes and the Term Loans.

The Registered Notes and the guarantees thereof are the Company’s and the Guarantor Subsidiaries’ senior unsecured obligations and:

•rank without preference or priority among themselves and equally in right of payment with our existing and any future unsecured and unsubordinated indebtedness, including, without limitation, indebtedness under our credit agreement;

•are senior in right of payment to any of our existing and future indebtedness that is subordinated to the notes;

•are effectively subordinated to any of our existing and future secured indebtedness to the extent of the assets securing such indebtedness; and

•are structurally subordinated to all existing and any future indebtedness and any other liabilities of our Non-Guarantor Subsidiaries.

The following tables present summarized financial information for Vontier Corporation and the Guarantor Subsidiaries on a combined basis and after the elimination of (a) intercompany transactions and balances between Vontier Corporation and the Guarantor Subsidiaries and (b) equity in earnings from and investments in the Non-Guarantor Subsidiaries.

Summarized Results of Operations Data ($ in millions)									Nine Months Ended September 26, 2025
Net sales (a)									$	1,182.2
Operating profit (b)									403.3
Net income (c)									$	271.4
(a) Includes intercompany sales of $27.2 million.
(b) Includes intercompany operating profit of $16.0 million.
(c) Includes intercompany pretax income of $18.1 million.

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Summarized Balance Sheet Data ($ in millions)			September 26, 2025
Assets
Current assets			$	498.7
Intercompany receivables			2,404.1
Noncurrent assets			647.7
Total assets			$	3,550.5
Liabilities
Current liabilities			$	846.0
Intercompany payables			274.9
Noncurrent liabilities			1,640.6
Total liabilities			$	2,761.5

CRITICAL ACCOUNTING ESTIMATES

There were no material changes to the Company’s critical accounting estimates described in the Company’s 2024 Annual Report on Form 10-K.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Quantitative and qualitative disclosures about market risk appear in “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Financial Instruments and Risk Management,” in the Company’s 2024 Annual Report on Form 10-K. There were no material changes to this information during the nine months ended September 26, 2025.

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ITEM 4. CONTROLS AND PROCEDURES

Our management, with the participation of the President and Chief Executive Officer, and the Senior Vice President and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the President and Chief Executive Officer, and the Senior Vice President and Chief Financial Officer, have concluded that, as of the end of such period, these disclosure controls and procedures were effective.

There have been no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the most recent completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

During the three months ended September 26, 2025, we implemented a new software solution for administering our Repair Solutions financing receivables portfolio, which did not result in significant changes in our internal control over financial reporting.

During the year ended December 31, 2024, we began a multi-year project to migrate to a new enterprise resource planning (“ERP”) system through a phased implementation across our businesses. During the three months ended September 26, 2025, we completed the first implementation of our new ERP system at one of our manufacturing locations, which did not result in significant changes in our internal control over financial reporting. As we progress through our phased implementation plan, we continue to evaluate the design and operating effectiveness of our internal controls, and will implement any required control changes prior to going live with our new ERP system at each location. We will evaluate quarterly whether any such changes materially affect our internal control over financial reporting.

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PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Vontier is party in the ordinary course of business, and may in the future be involved in, legal proceedings, litigation, claims, and government investigations. Although the results of the legal proceedings, claims, and government investigations in which we are involved cannot be predicted with certainty, we do not believe that the final outcome of these matters is reasonably likely to have a material adverse effect on our business, financial condition, or operating results.

Refer to Note 10. Litigation and Contingencies to the Consolidated Condensed Financial Statements in this Form 10-Q for more information on certain legal proceedings.

ITEM 1A. RISK FACTORS

Information regarding risk factors appears in “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Information Relating to Forward-Looking Statements,” in Part I - Item 2 of this Form 10-Q and in “Risk Factors” in Part I - Item 1A of our 2024 Annual Report on Form 10-K. There were no material changes during the three months ended September 26, 2025 to the risk factors reported in our 2024 Annual Report on Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(a) Not applicable.

(b) Not applicable.

(c) Purchases of Equity Securities by the Issuer

On April 30, 2025, the Company’s Board of Directors approved a replenishment of the Company’s previously approved share repurchase program announced in May 2021 and replenished in May 2022, bringing the total amount authorized for future share repurchases to $500 million. Under the share repurchase program, the Company may purchase shares of common stock from time to time in open market transactions, privately negotiated transactions, accelerated share repurchase programs, or by combinations of such methods, any of which may use prearranged trading plans that are designed to meet the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934. The timing of any repurchases and the actual number of shares repurchased will depend on a variety of factors, including the Company’s stock price, corporate and regulatory requirements, restrictions under the Company’s debt obligations and other market and economic conditions. The share repurchase program may be suspended or discontinued at any time and has no expiration date.

The following table sets forth our share repurchase activity for the three months ended September 26, 2025:

Period			Total Number of Shares Purchased (in millions)						Average Price Paid per Share						Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (in millions)						Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs ($ in millions)
June 28, 2025 - July 25, 2025			0.3						$	37.93					0.3						$	449.9
July 26, 2025 - August 22, 2025			0.6						41.91						0.6						425.3
August 23, 2025 - September 26, 2025			0.8						43.07						0.8						392.5
Total			1.7												1.7

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

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ITEM 5. OTHER INFORMATION

Rule 10b5-1 Trading Plans

During the three months ended September 26, 2025, none of the Company’s directors or executive officers adopted, modified or terminated any contract, instruction or written plan for the purchase or sale of the Company’s securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement.”

ITEM 6. EXHIBITS

						Incorporated by Reference (Unless Otherwise Indicated)
Exhibit Number			Exhibit Index			Form			File No.			Exhibit			Filing Date
22.1			List of Guarantor Subsidiaries			10-K			001-39483			22.1			February 13, 2025
31.1			Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002			—			—						Filed herewith
31.2			Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002			—			—						Filed herewith
32.1			Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002			—			—						Filed herewith
32.2			Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002			—			—						Filed herewith
101.INS			Inline XBRL Instance Document - the Instance Document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document			—			—						Filed herewith
101.SCH			Inline XBRL Taxonomy Schema Document			—			—						Filed herewith
101.CAL			Inline XBRL Taxonomy Extension Calculation Linkbase Document			—			—						Filed herewith
101.DEF			Inline XBRL Taxonomy Extension Definition Linkbase Document			—			—						Filed herewith
101.LAB			Inline XBRL Taxonomy Extension Label Linkbase Document			—			—						Filed herewith
101.PRE			Inline Taxonomy Extension Presentation Linkbase Document			—			—						Filed herewith
104			Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)			—			—						Filed herewith

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			VONTIER CORPORATION:
Date: October 30, 2025			By:			/s/ Anshooman Aga
						Anshooman Aga
						Senior Vice President and Chief Financial Officer
Date: October 30, 2025			By:			/s/ Paul V. Shimp
						Paul V. Shimp
						Chief Accounting Officer

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FAQ

What were VNT’s Q3 2025 sales and EPS?

Sales were $752.5 million and diluted EPS was $0.70, up from $0.60 a year ago.

How much operating cash flow did VNT generate year-to-date?

Net cash provided by operating activities was $320.9 million for the nine months ended September 26, 2025.

What is VNT’s current debt profile?

Long-term debt totaled $2.1 billion, including $500.0 million in Three‑Year Term Loans due 2028 and senior notes due 2026, 2028, and 2031.

How many shares did VNT repurchase and what remains authorized?

Vontier repurchased 4.6 million shares for $175.1 million year‑to‑date; $392.5 million remains authorized.

What tax impact did the One Big Beautiful Bill have?

Vontier expects a $60.0 million reduction in cash tax payments from accelerated deductions of previously capitalized R&D expenses.

What were VNT’s remaining performance obligations?

Remaining performance obligations were $443.0 million, mostly tied to software-as-a-service and service contracts.

Did VNT complete any M&A or divestitures in the quarter?

Yes. It acquired Sergeant Sudz for $13.1 million and recognized a $3.4 million gain on asset sales.