secwatch.observer — SEC 8-K summary
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Issuer:     Vontier Corp (VNT)
CIK:        0001786842
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001786842-23-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vontier beats Q1 estimates, raises FY2023 adjusted EPS guidance to $2.77-$2.87
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- Q1 sales $776M (+4% YoY); GAAP diluted EPS $0.53; adjusted diluted EPS $0.68 (above prior guide of $0.57-$0.62).
- Full-year 2023 adjusted EPS guidance raised to $2.77-$2.87 from $2.73-$2.83; Q2 guidance $0.61-$0.66.
- Mobility Technologies sales +18%; Repair Solutions +10%; Environmental & Fueling Solutions -4%.
- Repurchased ~$18M in shares and repaid $65M debt during quarter; GTT divestiture closed April 14 for $107M gross proceeds.
- Adjusted free cash flow conversion 73%; FY2023 conversion target ~90-100%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786842/000178684223000034/0001786842-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786842/000178684223000034/vnt-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001786842-23-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer