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Vontier (NYSE: VNT) grows Q2 margins and raises full-year 2026 EPS outlook

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Vontier Corporation reported second quarter 2026 sales of $756.7 million, a 2.2% decrease year-over-year, while core sales declined 0.2%. Operating profit rose to $146.7 million, up 7.6%, with operating margin improving to 19.4% and adjusted operating margin to 23.0%. GAAP diluted EPS was $0.20 and adjusted diluted EPS was $0.89.

Environmental & Fueling Solutions delivered core sales growth of 4.6% and a segment margin of 31.6%, while Mobility Technologies and Repair Solutions saw modest sales declines but higher and lower margins, respectively. The company closed the divestiture of Teletrac Navman for $85 million of cash proceeds, recognized an $86.2 million loss on the sale, repurchased 4.4 million shares for $130 million, and ended the quarter with a net leverage ratio of 2.3x.

Operating cash flow was $116.3 million and adjusted free cash flow was $97.6 million, a 78.5% adjusted free cash flow conversion. For 2026, Vontier projects total sales of $3.0–$3.05 billion and adjusted diluted EPS of $3.45–$3.55, and for Q3 2026 expects sales of $720–$735 million and adjusted diluted EPS of $0.82–$0.86.

Positive

  • Adjusted diluted EPS reached $0.89 in Q2 2026 versus $0.79 a year earlier, and full-year 2026 adjusted diluted EPS guidance was raised to $3.45–$3.55, indicating higher expected profitability.
  • Adjusted operating profit margin expanded to 23.0% in Q2 2026, up about 190 basis points year-over-year, while the Environmental & Fueling Solutions segment achieved a 31.6% margin.

Negative

  • Results included a $86.2 million loss on the sale of a business, with GAAP net earnings of $27.4 million and diluted EPS of $0.20 versus $0.62 in Q2 2025.

Filing Explained

Vontier disclosed its quarter-end liquidity and debt position alongside its results and outlook.

This Form 8-K furnishes information for the completed quarter ended July 3, 2026 and the company's outlook; alongside those results, it discloses the quarter-end capital structure, including cash and debt balances.

Item 1.9 Item 1.9
Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Item 11.6 Item 11.6
Q2 2026 Sales $756.7 million Second quarter 2026 sales; reported sales decreased 2.2% year-over-year.
Q2 2026 Operating Profit $146.7 million Operating profit increased 7.6% from the prior year quarter.
Adjusted Operating Margin Q2 2026 23.0% Adjusted operating profit margin, up about 190 basis points year-over-year.
GAAP Diluted EPS Q2 2026 $0.20 Second quarter 2026 diluted net earnings per share.
Adjusted Diluted EPS Q2 2026 $0.89 Second quarter 2026 adjusted diluted net earnings per share.
Operating Cash Flow Q2 2026 $116.3 million Cash provided by operating activities in the second quarter of 2026.
Adjusted Free Cash Flow Q2 2026 $97.6 million Adjusted free cash flow with 78.5% adjusted free cash flow conversion.
Net Leverage Ratio 2.3x Net leverage ratio at the end of the second quarter of 2026.
core sales growth financial
"We define core sales growth as the change in total sales calculated according to GAAP but excluding..."
Core sales growth measures how a company’s regular, ongoing revenue changes over time after removing one-off or temporary effects such as large acquisitions, divestitures, major currency swings, or discontinued product lines. Think of it as the temperature of the business itself rather than the weather — it shows whether underlying customer demand is rising or falling, which helps investors judge the durability of revenue and compare performance across periods or peers.
adjusted operating profit margin financial
"Adjusted operating profit margin refers to adjusted operating profit divided by GAAP sales."
Adjusted operating profit margin measures the share of each dollar of sales a company keeps from its core business after removing the effects of one-time or non-recurring items (for example, unusual charges or gains). It matters to investors because it shows the underlying efficiency and profitability of ongoing operations—like checking a car’s fuel efficiency after excluding rare detours—making results easier to compare across periods and companies.
adjusted free cash flow conversion financial
"Adjusted free cash flow conversion refers to adjusted free cash flow divided by adjusted net earnings."
Adjusted free cash flow conversion measures how effectively a company turns its reported profit into available cash after accounting for necessary expenses and adjustments. It shows the percentage of profit that becomes actual cash the company can use for growth, debt repayment, or returning value to shareholders. This metric helps investors understand the quality and sustainability of a company's earnings.
net leverage ratio financial
"Net leverage ratio refers to net debt divided by Adjusted EBITDA."
The net leverage ratio measures how much debt a company has compared to its available assets or earnings, after accounting for its cash and liquid assets. It helps investors understand how heavily a company relies on borrowed money to finance its operations and growth. A higher ratio indicates greater financial risk, while a lower ratio suggests a more cautious approach to borrowing.
EBITDA financial
"EBITDA refers to net earnings calculated in accordance with GAAP, excluding interest, taxes, depreciation..."
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
Sales $756.7 million Reported sales decreased 2.2% year-over-year.
Core sales growth -0.2% Core sales decreased 0.2% year-over-year.
Operating profit $146.7 million Operating profit increased 7.6% from the prior year.
Adjusted diluted EPS $0.89 Adjusted diluted EPS was $0.89 compared with $0.79 in the prior-year quarter.
Guidance

For Q3 2026, adjusted diluted net EPS is guided to $0.82–$0.86. For full-year 2026, adjusted diluted net EPS is guided to $3.45–$3.55, with total sales of $3,000–$3,050 million and adjusted free cash flow conversion of approximately 95%.

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FAQ

What were Vontier (VNT)'s key financial results for Q2 2026?
Vontier reported $756.7 million in sales, down 2.2% year-over-year. Operating profit was $146.7 million, GAAP diluted EPS was $0.20, and adjusted diluted EPS was $0.89, supported by higher margins.

How did VNT's business segments perform in Q2 2026?
Environmental & Fueling Solutions grew sales 1.3% with core sales up 4.6% and a 31.6% margin. Mobility Technologies sales fell 6.2% but margin improved to 21.0%, while Repair Solutions sales declined 1.3% with margin at 19.0%.

What guidance did Vontier (VNT) provide for Q3 and full-year 2026?
For Q3 2026, Vontier projects $720–$735 million in sales and adjusted diluted EPS of $0.82–$0.86. For full-year 2026, it guides to sales of $3.0–$3.05 billion and adjusted diluted EPS of $3.45–$3.55.

What major portfolio and capital allocation actions did VNT take in Q2 2026?
Vontier closed the divestiture of Teletrac Navman, receiving $85 million in cash proceeds, and repurchased 4.4 million shares for $130 million in the quarter, with year-to-date repurchases of 6.2 million shares for $200 million.

How strong was Vontier (VNT)'s cash flow and leverage position after Q2 2026?
Operating cash flow in Q2 2026 was $116.3 million. Adjusted free cash flow totaled $97.6 million, representing 78.5% adjusted free cash flow conversion. Net leverage ended the quarter at a 2.3x net leverage ratio.

How did core sales trend for Vontier (VNT) in Q2 and year-to-date 2026?
In Q2 2026, total core sales decreased 0.2%, with Environmental & Fueling Solutions up 4.6%, Mobility Technologies down 4.9%, and Repair Solutions down 1.3%. For the first half, total core sales grew 0.7%.
0001786842FALSE00017868422026-08-062026-08-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
August 6, 2026
Date of Report (Date of Earliest Event Reported)
Vontier Corporation
(Exact Name of Registrant as Specified in Its Charter)

Delaware
001-39483
84-2783455
(State or Other Jurisdiction
Of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
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
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol
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 is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.



ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On August 6, 2026, Vontier Corporation (the "Company") issued a press release announcing financial results for the quarter ended July 3, 2026. A copy of the release is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The information set forth in this Item 2.02 of this Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 are being furnished pursuant to Item 2.02 of Form 8-K. This Item 2.02 of this Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)     Exhibits.
Exhibit No.
Description
99.1
Press Release, dated August 6, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)






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 hereunto duly authorized.
VONTIER CORPORATION
Date:
August 6, 2026
By:
/s/ Courtney Kamlet
Name:
Courtney Kamlet
Title:
Vice President - Chief Governance Officer & Chief of Staff


Exhibit 99.1
vontier-rgbxlogoxtagxblack1.jpg
Vontier Reports Strong Second Quarter Results and Raises Full Year Adjusted EPS Guidance

Second Quarter 2026 Results
•Sales of $756.7 million, down 2.2% vs. prior year; Core sales down 0.2% year-over-year
•GAAP diluted net EPS of $0.20; Adjusted diluted net EPS of $0.89
•Operating cash flow was $116.3 million; Adjusted free cash flow was $97.6 million, representing 79% adjusted free cash flow conversion
2026 Outlook
•Initiates Q3 2026 guidance for adjusted diluted net EPS of $0.82 to $0.86
•Raises FY 2026 guidance for adjusted diluted net EPS of $3.45 to $3.55

RALEIGH, North Carolina, August 6, 2026 -- Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, today announced results for the second quarter ended July 3, 2026.

Reported sales in the second quarter decreased 2.2% year-over-year to $756.7 million. Core sales decreased 0.2% as healthy demand for convenience retail solutions, including fueling, payment and asset management technologies, was offset by a year-over-year headwind related to shipment timing. Operating profit of $146.7 million increased 7.6% from the prior year, and operating profit margin increased approximately 180 basis points, to 19.4%. Adjusted operating profit of $173.8 million increased 6.4% from the prior year and adjusted operating profit margin increased 190 basis points to 23.0%. Net earnings were $27.4 million, and adjusted net earnings were $124.3 million, resulting in GAAP diluted net earnings per share of $0.20 and adjusted diluted net earnings per share of $0.89.

"Vontier delivered a solid second quarter, with results ahead of our expectations,” said Mark Morelli, President and Chief Executive Officer. “With solid bookings growth, a building pipeline supported by new product launches, and constructive end markets, we are confident in our growth outlook for the third quarter and balance of the year. We are also making measurable progress on our cost savings program, which is running ahead of plan. Our focus on disciplined execution and capital allocation has enabled us to increase our full-year adjusted EPS guidance and reflects our commitment to creating long-term shareholder value.”


Segment Results

Environmental & Fueling SolutionsQ2 2026Q2 2025Change
Sales ($M)
$366.2$361.61.3%
Segment Operating Profit ($M)
$115.6$105.79.4%
Segment Operating Profit Margin31.6%29.2%240bps

Environmental & Fueling Solutions reported sales increased 1.3% versus the prior year. Core sales increased 4.6%, led by strong demand for fuel dispensing equipment and aftermarket parts. Segment operating profit margin increased 240 basis points including a discrete benefit related to a tariff refund, volume leverage and ongoing simplification initiatives.

Mobility TechnologiesQ2 2026Q2 2025Change
Sales(a) ($M)
$262.9$280.2(6.2)%
Segment Operating Profit ($M)
$55.3$53.53.4%
Segment Operating Profit Margin21.0%19.1%190bps
(a) Includes $21.2 million and $19.1 million of intersegment sales for Q2 2026 and Q2 2025, respectively, that are eliminated in consolidation.

Mobility Technologies reported sales decreased 6.2% versus the prior year. Core sales declined 4.9% year-over-year, reflecting lower shipments of vehicle identification solutions compared with the prior year, partially offset by healthy demand for convenience retail payment and asset management technologies. Segment operating profit margin increased 190 basis points year-over-year, driven primarily by cost savings associated with simplification initiatives, including lower R&D expense.

Repair SolutionsQ2 2026Q2 2025Change
Sales ($M)
$148.8$150.8(1.3)%
Segment Operating Profit ($M)
$28.3$31.4(9.9)%
Segment Operating Profit Margin19.0%20.8%-180bps

Repair Solutions reported sales decreased 1.3% versus the prior year. Core sales also decreased 1.3% reflecting ongoing macroeconomic pressures impacting service technicians’ discretionary spending. Segment operating profit margin declined 180 basis points year-over-year due to unfavorable price and mix, as well as higher investments versus the prior year.


2

Other Items
•Closed the divestiture of Teletrac Navman and received cash proceeds of $85 million.
•Increased share repurchase authorization to $1.0 billion.
•Repurchased 4.4 million shares for $130 million during the quarter; Year-to-date, share repurchases total 6.2 million shares for $200 million.
•Net leverage ratio ended Q2 at 2.3X

2026 Outlook
•Total sales of $3,000 to $3,050 million; Core sales growth midpoint of approximately 3%
•Adjusted operating profit margin expansion of approximately 100 basis points year-over-year at the midpoint
•Adjusted diluted net EPS in the range of $3.45 to $3.55
•Adjusted free cash flow conversion of approximately 95%

Q3 2026 Outlook
•Total sales of $720 to $735 million; Core sales growth of approximately 5%
•Adjusted operating profit margin expansion of approximately 110 basis points year-over-year at the midpoint
•Adjusted diluted net EPS in the range of $0.82 to $0.86

Conference Call Details
Vontier will discuss results and outlook during its quarterly investor conference call today starting at 8:30 a.m. ET. A link to the live webcast can be found here. Additionally, the webcast and an accompanying slide presentation can be found on the “Investors” section of Vontier’s website, www.vontier.com, under “Events & Presentations.” A replay of the webcast will be available at the same location shortly after the conclusion of the presentation.



3

ABOUT VONTIER
Vontier (NYSE: VNT) 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 powers 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. Additional information about Vontier is available on the Company’s website at www.vontier.com.

NON-GAAP FINANCIAL MEASURES
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also references “core sales growth,” “adjusted operating profit,” “adjusted operating profit margin,” “adjusted net earnings,” “adjusted diluted net earnings per share,” “free cash flow,” “adjusted free cash flow”, “adjusted free cash flow conversion,” “EBITDA,” “adjusted EBITDA,” “net debt,” and “net leverage ratio” which are non-GAAP financial measures. The reasons why we believe these measures, when used in conjunction with the GAAP financial measures, provide useful information to investors, how management uses such non-GAAP financial measures, a reconciliation of these measures to the most directly comparable GAAP measures and other information relating to these measures are included in the supplemental reconciliation schedule attached. The non-GAAP financial measures should not be considered in isolation or as a substitute for the GAAP financial measures, but should instead be read in conjunction with the GAAP financial measures. The non-GAAP financial measures used by Vontier in this release may be different from similarly-titled non-GAAP measures used by other companies.

FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation’s (the “Company’s”) business and acquisition opportunities, anticipated sales growth, anticipated adjusted operating profit margin expansion, anticipated adjusted diluted net earnings per share, anticipated adjusted free cash flow conversion, and anticipated earnings growth, and any other statements identified by their use of words like “anticipate,” “expect,” “believe,” “outlook,” “guidance,” or “will” or other words of similar meaning. There are a number of important risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These risks and uncertainties include, among other things, deterioration of or instability in the economy, the markets we serve, changes in U.S. and international geopolitics, including trade policies, volatility in financial markets, contractions or lower growth rates and cyclicality of markets we serve, competition, changes in industry standards and governmental policies and regulations that may adversely impact demand for our products or our costs, our ability to successfully identify, consummate, integrate and realize the anticipated value of appropriate acquisitions and successfully complete divestitures and other dispositions, our ability to develop and successfully market new products, software, and services and expand into new markets, the potential for improper conduct by our employees, agents or business partners, impact of divestitures, contingent liabilities relating to acquisitions and divestitures, impact of changes to tax laws, our compliance with changes in applicable laws and regulations, risks relating to global economic, political, war or hostility, public health, legal, compliance and business factors, risks relating to potential impairment of goodwill and other intangible assets, currency exchange rates, tax audits and changes in our tax rate and income tax liabilities, the impact of our debt obligations on our operations, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, our ability to adequately protect our intellectual property rights, risks relating to product, service or software defects, product liability and recalls, risks relating to product manufacturing,
4

our relationships with and the performance of our channel partners, commodity costs and surcharges, our ability to adjust purchases and manufacturing capacity to reflect market conditions, reliance on sole sources of supply, security breaches or other disruptions of our information technology systems, adverse effects of restructuring activities, impact of changes to U.S. GAAP, labor matters, and disruptions relating to man-made and natural disasters. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2025. These forward-looking statements represent Vontier’s beliefs and assumptions only as of the date of this release and Vontier does 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.

CONTACTS

INVESTOR RELATIONS:
Ryan Edelman
Vice President, Investor Relations
+1 (984) 238-1929
ryan.edelman@vontier.com


5

VONTIER CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions)
(unaudited)

July 3, 2026December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents$265.8 $492.2 
Accounts receivable, net559.7 527.4 
Inventories323.0 326.5 
Prepaid expenses and other current assets131.2 145.7 
Total current assets1,279.7 1,491.8 
Property, plant and equipment, net144.3 129.5 
Operating lease right-of-use assets27.2 34.4 
Long-term financing receivables, net280.0 285.0 
Other intangible assets, net327.9 412.4 
Goodwill1,651.9 1,757.6 
Other assets320.0 258.1 
Total assets$4,031.0 $4,368.8 
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt$304.8 $502.2 
Trade accounts payable356.4 361.6 
Current operating lease liabilities11.8 14.3 
Accrued expenses and other current liabilities348.8 410.4 
Total current liabilities1,021.8 1,288.5 
Long-term operating lease liabilities19.3 24.8 
Long-term debt1,595.2 1,594.2 
Other long-term liabilities195.2 210.1 
Total liabilities2,831.5 3,117.6 
Commitments and Contingencies
Equity:
Preferred stock— — 
Common stock— — 
Treasury stock(1,131.6)(929.8)
Additional paid-in capital120.3 111.7 
Retained earnings2,045.1 1,930.5 
Accumulated other comprehensive income158.9 131.8 
Total Vontier stockholders’ equity1,192.7 1,244.2 
Noncontrolling interests6.8 7.0 
Total equity1,199.5 1,251.2 
Total liabilities and equity$4,031.0 $4,368.8 
6

VONTIER CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
(in millions, except per share amounts)
(unaudited)

Three Months EndedSix Months Ended
July 3, 2026June 27, 2025July 3, 2026June 27, 2025
Sales$756.7 $773.5 $1,507.3 $1,514.6 
Operating costs and expenses:
Cost of sales, excluding amortization of acquisition-related intangible assets(391.7)(403.1)(790.0)(794.0)
Selling, general and administrative expenses(167.6)(167.3)(326.6)(327.6)
Research and development expenses(35.1)(47.5)(76.5)(87.7)
Amortization of acquisition-related intangible assets(15.6)(19.2)(32.7)(38.8)
Operating profit146.7 136.4 281.5 266.5 
Non-operating income (expense), net:
Interest expense, net(16.6)(15.6)(30.3)(30.7)
Loss on sale of business(86.2)— (86.2)— 
Other non-operating expense, net(0.1)(0.1)(0.1)(4.0)
Earnings before income taxes43.8 120.7 164.9 231.8 
Provision for income taxes(16.4)(28.8)(43.2)(52.0)
Net earnings$27.4 $91.9 $121.7 $179.8 
Net earnings per share:
Basic$0.20 $0.62 $0.86 $1.21 
Diluted$0.20 $0.62 $0.86 $1.21 
Weighted average shares outstanding:
Basic139.6 147.7 140.7 148.3 
Diluted139.8 148.2 141.2 148.8 




7

VONTIER CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
(unaudited)
Six Months Ended
July 3, 2026June 27, 2025
Cash flows from operating activities:
Net earnings$121.7 $179.8 
Non-cash items:
Depreciation expense25.5 25.7 
Amortization of acquisition-related intangible assets32.7 38.8 
Stock-based compensation expense16.4 16.1 
Loss on sale of business86.2 — 
Change in deferred income taxes3.9 (9.7)
Other non-cash items1.9 11.6 
Change in accounts receivable and long-term financing receivables, net(52.2)17.5 
Change in other operating assets and liabilities(73.3)(69.4)
Net cash provided by operating activities162.8 210.4 
Cash flows from investing activities:
Proceeds from sale of business, net of cash provided77.2 — 
Cash paid for acquisitions— (10.3)
Payments for additions to property, plant and equipment(43.1)(34.4)
Proceeds from sale of property, plant and equipment— 0.1 
Cash paid for equity investments (1.5)(0.1)
Proceeds from sale of equity investments1.0 — 
Net cash provided by (used in) investing activities33.6 (44.7)
Cash flows from financing activities:
Proceeds from issuance of short-term debt300.0 — 
Proceeds from issuance of long-term debt70.0 83.3 
Repayment of long-term debt(570.0)(133.3)
Net proceeds from (repayments of) short-term borrowings3.0 (1.4)
Payments for debt issuance costs(0.4)(2.3)
Payments of common stock cash dividend(7.1)(7.4)
Purchases of treasury stock(200.0)(105.1)
Proceeds from stock option exercises 2.4 3.1 
Other financing activities(16.8)(11.5)
Net cash used in financing activities(418.9)(174.6)
Effect of exchange rate changes on cash and cash equivalents(3.9)16.7 
Net change in cash and cash equivalents(226.4)7.8 
Beginning balance of cash and cash equivalents492.2 356.4 
Ending balance of cash and cash equivalents$265.8 $364.2 
8

VONTIER CORPORATION AND SUBSIDIARIES
SEGMENT FINANCIAL SUMMARY
(in millions)
(unaudited)

Three Months EndedSix Months Ended
July 3, 2026June 27, 2025July 3, 2026June 27, 2025
Sales
Environmental & Fueling Solutions$366.2 $361.6 $711.0 691.4 
Mobility Technologies262.9 280.2 532.2 $550.7 
Repair Solutions 148.8 150.8 301.7 303.8 
Intersegment eliminations(21.2)(19.1)(37.6)(31.3)
Total Vontier Sales$756.7 $773.5 $1,507.3 $1,514.6 
Segment Operating Profit
Environmental & Fueling Solutions$115.6 $105.7 $217.5 $203.2 
Mobility Technologies55.3 53.5 100.0 105.4 
Repair Solutions28.3 31.4 58.7 64.6 
Segment Operating Profit Margin
Environmental & Fueling Solutions 31.6%29.2%30.6%29.4%
Mobility Technologies 21.0%19.1%18.8%19.1%
Repair Solutions 19.0%20.8%19.5%21.3%
Operating Profit & Adjusted Operating Profit
Operating Profit (GAAP)$146.7 $136.4 $281.5 $266.5 
Operating Profit Margin (GAAP)19.4%17.6%18.7%17.6%
Adjusted Operating Profit (Non-GAAP)$173.8 $163.4 $331.4 $324.0 
Adjusted Operating Profit Margin (Non-GAAP)23.0%21.1%22.0%21.4%

9

VONTIER CORPORATION AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
AND OTHER INFORMATION
Core Sales Growth

We define core sales growth as the change in total sales calculated according to GAAP but 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 growth 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.
Management believes that reporting the non-GAAP financial measure of core sales growth 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 growth. Management believes the exclusion of these items from core sales growth may facilitate assessment of underlying business trends and may assist in comparisons of long-term performance.
Adjusted Operating Profit and Adjusted Operating Profit Margin
Adjusted operating profit refers to operating profit calculated in accordance with GAAP, but excluding amortization of acquisition-related intangible assets, costs associated with restructurings including one-time termination benefits and related charges and impairment and other charges associated with facility closure, contract termination and other related activities, and the related impact of certain divested or exited businesses or product lines not considered discontinued operations ("Restructuring- and divestiture-related adjustments"), transaction- and deal-related costs, asbestos-related adjustments associated with certain divested businesses, one-time costs related to the separation, amortization of acquisition-related inventory fair value step-up, gains and losses on sale of property, and other charges which represent charges incurred that are not part of our core operating results (“Other charges”). Adjusted operating profit margin refers to adjusted operating profit divided by GAAP sales.
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Adjusted Net Earnings and Adjusted Diluted Net Earnings per Share
Adjusted net earnings refers to net earnings calculated in accordance with GAAP, but excluding on a pretax basis amortization of acquisition-related intangible assets, Restructuring- and divestiture-related adjustments, transaction- and deal-related costs, asbestos-related adjustments associated with certain divested businesses, one-time costs related to the separation, amortization of acquisition-related inventory fair value step-up, gains and losses on sale of property, Other charges, non-cash write-offs of deferred financing costs, gains and losses on sale of businesses and gains and losses on investments, including the tax effect of these adjustments and other tax adjustments. The tax effect of such adjustments was calculated by applying our estimated adjusted effective tax rate to the pretax amount of each adjustment. Adjusted diluted net earnings per share refers to adjusted net earnings divided by the weighted average diluted shares outstanding.
Free Cash Flow, Adjusted Free Cash Flow and Adjusted Free Cash Flow Conversion
Free cash flow refers to cash flow from operations calculated according to GAAP but excluding capital expenditures. Adjusted free cash flow refers to free cash flow adjusted for cash received from the sale of property, plant and equipment and cash paid for Restructuring- and divestiture-related adjustments, transaction- and deal-related costs and Other charges. Adjusted free cash flow conversion refers to adjusted free cash flow divided by adjusted net earnings.

Net Leverage Ratio, EBITDA and Adjusted EBITDA
EBITDA refers to net earnings calculated in accordance with GAAP, excluding interest, taxes, depreciation and amortization of acquisition-related intangible assets. Adjusted EBITDA refers to EBITDA adjusted for Restructuring- and divestiture-related adjustments, transaction- and deal-related costs, asbestos-related adjustments associated with certain divested businesses, one-time costs related to the separation, amortization of acquisition-related inventory fair value step-up, gains and losses on sale of property, Other charges, non-cash write-offs of deferred financing costs, gains and losses on sale of businesses and gains and losses on investments. Net leverage ratio refers to net debt divided by Adjusted EBITDA.
Management believes that these non-GAAP financial measures provide useful information to investors by reflecting additional ways of viewing aspects of our operations that, when reconciled to the corresponding GAAP measure, help our investors to understand the long-term profitability trends of our business, and facilitate comparisons of our profitability to prior and future periods and to our peers.
These non-GAAP measures should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measures, and may not be comparable to similarly titled measures reported by other companies.
A reconciliation of each of the projected Core Sales Growth, Adjusted Operating Profit Margin, Adjusted Diluted Net Earnings Per Share and Adjusted Free Cash Flow Conversion, which are forward-looking non-GAAP financial measures, to the most directly comparable GAAP financial measure, is not provided because the company is unable to provide such reconciliation without unreasonable effort. The inability to provide each reconciliation is due to the unpredictability of the amounts and timing of events affecting the items we exclude from the non-GAAP measure.
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Components of Sales Growth
% Change Three Months Ended July 3, 2026 vs. Comparable 2025 Period
Environmental & Fueling SolutionsMobility TechnologiesRepair SolutionsTotal
Total Sales Growth (GAAP)1.3%(6.2)%(1.3)%(2.2)%
Core sales growth (Non-GAAP)4.6%(4.9)%(1.3)%(0.2)%
Acquisitions and divestitures (Non-GAAP)(3.7)%(2.0)%—%(2.5)%
Currency exchange rates (Non-GAAP)0.4%0.7%—%0.5%

% Change Six Months Ended July 3, 2026 vs. Comparable 2025 Period
Environmental & Fueling SolutionsMobility TechnologiesRepair SolutionsTotal
Total Sales Growth (GAAP)2.8%(3.4)%(0.7)%(0.5)%
Core sales growth (Non-GAAP)5.3%(3.1)%(0.7)%0.7%
Acquisitions and divestitures (Non-GAAP)(3.6)%(1.7)%—%(2.3)%
Currency exchange rates (Non-GAAP)1.1%1.4%—%1.1%



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Reconciliation of Operating Profit to Adjusted Operating Profit

Three Months EndedSix Months Ended
$ in millionsJuly 3, 2026June 27, 2025July 3, 2026June 27, 2025
Operating Profit (GAAP)$146.7 $136.4 $281.5 $266.5 
Amortization of acquisition-related intangible assets15.6 19.2 32.7 38.8 
Restructuring- and divestiture-related adjustments4.5 2.6 9.3 13.5 
Transaction- and deal-related costs0.5 1.2 1.2 2.1 
Asbestos-related adjustments6.5 4.0 6.7 3.3 
Other charges— — — (0.2)
Adjusted Operating Profit (Non-GAAP)$173.8 $163.4 $331.4 $324.0 
Operating Profit Margin (GAAP)19.4%17.6%18.7%17.6%
Adjusted Operating Profit Margin (Non-GAAP)23.0%21.1%22.0%21.4%
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Reconciliation of Net Earnings to Adjusted Net Earnings
Three Months EndedSix Months Ended
($ in millions)July 3, 2026June 27, 2025July 3, 2026June 27, 2025
Net Earnings (GAAP)$27.4 $91.9 $121.7 $179.8 
Amortization of acquisition-related intangible assets15.6 19.2 32.7 38.8 
Restructuring- and divestiture-related adjustments4.5 2.6 9.3 13.5 
Transaction- and deal-related costs0.5 1.2 1.2 2.1 
Asbestos-related adjustments6.5 4.0 6.7 3.3 
Other charges— — 0.3 (0.2)
Non-cash write-off of deferred financing costs— — — 0.2 
Loss on sale of business86.2 — 86.2 — 
Loss (gain) on equity investments0.1 — (0.3)3.6 
Tax effect of the Non-GAAP adjustments and other tax adjustments(16.5)(2.2)(19.9)(9.5)
Adjusted Net Earnings (Non-GAAP)$124.3 $116.7 $237.9 $231.6 
Diluted weighted average shares outstanding139.8 148.2 141.2 148.8 
Diluted Net Earnings Per Share (GAAP)$0.20 $0.62 $0.86 $1.21 
Adjusted Diluted Net Earnings Per Share (Non-GAAP)$0.89 $0.79 $1.68 $1.56 

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Reconciliation of Operating Cash Flow to Free Cash Flow, Adjusted Free Cash Flow, and Adjusted Free Cash Flow Conversion

Three Months EndedSix Months Ended
($ in millions)July 3, 2026June 27, 2025July 3, 2026June 27, 2025
Operating Cash Flow (GAAP)$116.3 $100.0 $162.8 $210.4 
Less: Purchases of property, plant & equipment (capital expenditures)(21.4)(16.7)(43.1)(34.4)
Free Cash Flow (Non-GAAP)$94.9 $83.3 $119.7 $176.0 
Restructuring- and divestiture-related adjustments1.2 5.0 3.7 7.1 
Transaction- and deal-related costs1.5 0.1 2.2 0.9 
Proceeds from sale of property, plant and equipment— 0.1 — 0.1 
Adjusted Free Cash Flow (Non-GAAP)$97.6 $88.5 $125.6 $184.1 
Adjusted Net Earnings (Non-GAAP)$124.3 $116.7 $237.9 $231.6 
Adjusted Free Cash Flow Conversion (Non-GAAP)78.5%75.8%52.8%79.5%
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Net Leverage Ratio and Reconciliation from Net Earnings to EBITDA to Adjusted EBITDA

Total Debt$1,905.1 
Less: Cash(265.8)
Net Debt$1,639.3 
Adjusted EBITDA (Non-GAAP)$714.3 
Net Leverage Ratio2.3 

Three Months EndedLTM
($ in millions)July 3, 2026July 3, 2026
Net Earnings (GAAP)$27.4 $348.0 
Interest expense, net16.6 59.4 
Income tax expense16.4 93.3 
Depreciation and amortization expense26.3 118.9 
EBITDA (Non-GAAP)$86.7 $619.6 
Restructuring- and divestiture-related adjustments4.5 13.3 
Transaction- and deal-related costs0.5 2.6 
Asbestos-related adjustments6.5 3.1 
Other charges— (0.9)
Loss on sale of business86.2 82.7 
Loss (gain) on equity investments0.1 (6.1)
Adjusted EBITDA (Non-GAAP)$184.5 $714.3 
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Source: View Original Filing on SEC EDGAR

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