Vontier Q2 sales down 9% to $696M; lowers FY2024 EPS outlook to $2.80-$3.00

Vontier Corp

2024-Q2 EPS reported $1.33 revenue$1,452,200,000

GAAP diluted EPS $0.45; adjusted diluted EPS $0.63; core sales declined 3% YoY.
Environmental & Fueling core sales -5% on shipment delays; Repair Solutions core -5% on macro pressure.
FY2024 outlook lowered: total sales $2.9B-$3.0B, adjusted EPS $2.80-$3.00, free cash flow conversion ~90%.
Q3 2024 guidance: sales $715M-$740M, core sales (2%) to +2%, adjusted EPS $0.67-$0.71.
Announces Accelerated Share Repurchase; repurchased $38M shares in Q2, repaid $50M debt, net leverage 2.7x.

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