Vontier Q1 core sales +4%, adj. EPS $0.74 beats guidance; maintains FY outlook

Vontier Corp

2024-Q1 EPS reported $0.88 revenue$755,800,000

Sales $755.8M (-3% reported, +4% core); GAAP diluted EPS $0.88, adjusted $0.74 above prior guide $0.68-0.72.
Adjusted operating profit margin expanded 130 bps to 22.1%; Environmental & Fueling core sales +10%.
Operating cash flow $92M; adjusted free cash flow $78M (68% conversion); net leverage 2.6x.
Full-year 2024 outlook: sales $3,040-$3,100M, adjusted EPS $3.00-$3.15, FCF conversion ~90-100%.
Q2 2024 guidance initiated: adjusted diluted EPS $0.67-$0.71; core sales growth +2-4%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vontier Corp reported the first quarter ended March 29, 2024 results: revenue $755.8 million, net income $136.8 million, EPS $0.88. Guidance reaffirmed.

Period: the first quarter ended March 29, 2024
Revenue: $755.8 million
Net income: $136.8 million
EPS: $0.88
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Mobility strategy, coupled with a comprehensive suite of industry-leading solutions and a commitment to innovation continue to drive growth and unlock value. • Sales of $756 million, down 3% vs. prior year; Core sales increased 4% • GAAP diluted net EPS of $0.88; Adjusted diluted net EPS of $0.74 above prior guide of $0.68 to $0.72 • Operating cash flow was

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Source: SEC EDGAR

accession 0001786842-24-000030

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