Vontier Q3 adj. EPS $0.73 beats guide; raises FY adj. EPS midpoint to $2.83-$2.87

Vontier Corp

2023-Q3 EPS reported $1.73 revenue$2,306,200,000

GAAP diluted EPS $0.58; adjusted diluted EPS $0.73 vs. prior guidance of $0.65-$0.69.
Revenue $765.4M, down 3% YoY; core sales down 3% due to expected EMV decline.
Adjusted operating profit margin 22.1%, down 270 bps YoY on mix and investments.
Raises full-year 2023 adjusted EPS guidance to $2.83-$2.87 from $2.79-$2.87 (midpoint increased).
Repurchased ~$12M of stock in Q3; repaid $75M debt; net leverage ratio 2.9x.

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 the third quarter ended September 29, 2023 results: revenue $765.4 million, net income $90.6 million, EPS $0.58. Guidance raised.

Period: the third quarter ended September 29, 2023
Revenue: $765.4 million
Net income: $90.6 million
EPS: $0.58
Guidance: raised
Result: reported results

Exact text from the filing

by our Connected Mobility strategy and strong secular trends across the mobility ecosystem, including demand for productivity, automation, and multi-energy solutions. • Sales of $765 million, down 3% vs. prior year; Core sales down 3% • GAAP diluted net EPS of $0.58; Adjusted diluted net EPS of $0.73 vs. prior guide of $0.65 to $0.69 • Operating cash flow was $132

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Source: SEC EDGAR

accession 0001786842-23-000072

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