Vontier Q2 adj EPS $0.67 beats; raises FY guide to $2.79-$2.87

Vontier Corp

2023-Q2 EPS reported $1.15 revenue$1,540,800,000

Sales $764M (-1.5% YoY); GAAP EPS $0.62; adj EPS $0.67 vs prior guide High $0.66.
Raises full-year 2023 adj diluted EPS guidance to $2.79-$2.87 from $2.77-$2.87.
Mobility Tech sales +13.4% (core +4.6%); Enviro & Fueling -9.6% (core -8.5%) on EMV sunset.
Repurchased ~$32M shares in Q2; repaid $100M debt; closed GTT divestiture for $108M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vontier Corp reported second quarter ended June 30, 2023 results: revenue $764.4 million, net income $97.3 million, EPS $0.62. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $764.4 million
Net income: $97.3 million
EPS: $0.62
Guidance: raised
Result: reported results

Exact text from the filing

Year Guidance Strong execution on strategic initiatives to accelerate growth and position the portfolio for robust secular tailwinds across the mobility ecosystem • Sales of $764 million, down 1.5% vs. prior year; Core sales down 1.6% • GAAP diluted EPS of $0.62; Adjusted diluted net EPS of $0.67 vs. prior guide of $0.61 to $0.66 • Operating cash flow was $78

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Source: SEC EDGAR

accession 0001786842-23-000061

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