earnings
confidence high
sentiment positive
materiality 0.75
Vontier Q2 adj EPS $0.72 up 18%, revenue $776M, agrees to buy Invenco for $80M
Vontier Corp
2022-Q2 EPS reported
$1.73
revenue$1,524,500,000
- GAAP EPS $0.21, adjusted EPS $0.72 (up 18% YoY) on revenue $776.4M (+7.2% YoY, core +1.6%).
- Adjusted gross margin expanded 100 bps; strong execution despite supply chain and inflation.
- Reaffirms FY2022 adj EPS guidance $3.20-$3.30 (up 11-15%) and Q3 adj EPS $0.85-$0.90.
- Agreement to acquire Invenco (payment solutions) for $80M cash; expected close Q3 2022.
- Invenco expected 2022 revenue $80M with mid-40% gross margins; 300 employees, 130 engineers.