earnings
confidence high
sentiment positive
materiality 0.80
Vontier beats Q3 expectations; core sales +2.8%, adj EPS $0.73; narrows FY guidance to ~$2.90
Vontier Corp
2024-Q3 EPS reported
$1.93
revenue$2,202,200,000
- Q3 sales $750M (-2% reported, +2.8% core); GAAP diluted EPS $0.60, adjusted $0.73.
- Environmental & Fueling core sales +8.5% with margin expansion 50bps; Mobility core +4.2% but margin -270bps.
- Repair Solutions core sales -5.1%, margin -560bps on macro pressures and bad debt reserves.
- Repurchased $105M of stock in Q3 ($165M YTD); net leverage 2.7x.
- Full-year 2024 adjusted EPS narrowed to $2.86-$2.92 (midpoint $2.90); Q4 guidance ~$0.79.