Welcome to our dedicated page for Vontier Corporation news (Ticker: VNT), a resource for investors and traders seeking the latest updates and insights on Vontier Corporation stock.
Vontier Corporation (NYSE: VNT) is a global industrial technology company dedicated to driving productivity, automation, and multi-energy technologies within the rapidly evolving mobility infrastructure industry. Spun off from Fortive in 2020, Vontier operates a diverse portfolio of solutions that enhance safety, efficiency, and sustainability in the transportation sector.
The company's offerings include environmental sensors, fueling equipment, field payment hardware, remote management and workflow software, and vehicle tracking and fleet management software. Notably, Vontier provides key technologies for traffic light control and vehicle mechanics. Their mobility technologies span fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, and traffic management. Additionally, their diagnostics and repair technologies encompass vehicle repair tools, toolboxes, automotive diagnostic equipment, and wheel-service equipment for automotive tire installation.
In 2023, Vontier achieved sales of approximately $3.1 billion, reflecting its robust market presence and the critical nature of its product suite. One of Vontier's significant initiatives includes the establishment of a $4 million Hydrogen Refueling Test Facility by its subsidiary ANGI Energy Systems in Janesville, Wisconsin. This facility aims to be a cornerstone in the research and development of hydrogen refueling infrastructure, which is pivotal for the future of clean energy in heavy-duty transportation.
ANGI, with over 40 years of expertise in gas compression equipment, launched its hydrogen business in 2022. The new facility, expected to be operational by July 2024, will support strategic expansion and play a vital role in testing hydrogen refueling station systems. This project will not only accelerate the development of low carbon technologies but also foster strategic partnerships and investment in the hydrogen economy. ANGI is also focusing on collaborations with local colleges to create apprenticeship opportunities, aiming to cultivate a highly skilled workforce.
Vontier's commitment to innovation is evident in its continuous development of advanced technologies and solutions that optimize and decarbonize the fleet industry. The company's culture is built on continuous improvement, leveraging the Vontier Business System to drive performance and innovation across its global operations.
For more details about Vontier and its comprehensive suite of products and services, visit the company's website.
Vontier Corporation (NYSE: VNT) announced an upcoming webcast for its first quarter 2022 earnings conference call, scheduled for May 5, 2022, at 8:00 a.m. ET. Investors can access the call via telephone or by streaming on Vontier's website. A replay will be available post-call. Currently, the company is in a quiet period until the earnings release. Vontier is focused on providing innovative solutions for mobility and transportation challenges.
Vontier Corporation (NYSE: VNT) announced that David Naemura, Senior VP and CFO, will present at the 14th Annual Evercore ISI Industrial Conference on Tuesday, March 1, 2022, at 3:40 p.m. ET. The presentation will be available via a live webcast and will be archived on the company's website.
Vontier is a global industrial technology company focused on next-gen mobility solutions, emphasizing sustainability and customer commitment.
Vontier Corporation (NYSE: VNT) has entered into a $250 million accelerated share repurchase agreement with Citibank, part of its $500 million share repurchase authorization announced in May 2021. This move signals Vontier's strong conviction in its business and growth prospects during a multi-year portfolio transformation. The company aims to balance capital allocation between investing and returning capital to shareholders. With this ASR, approximately $250 million will remain under the repurchase authorization, with plans for further repurchases later this year.
Vontier Corporation (NYSE: VNT) reported a strong financial performance for the full year 2021, with net earnings of $413 million and revenue growth of 10.6% to $2.99 billion. However, the fourth quarter presented challenges, with revenue declining by 3.1% year-over-year to $790.2 million.
The company anticipates diluted earnings per share for Q1 2022 to be between $0.55 and $0.58, while full-year expectations range from $2.67 to $2.77. CEO Mark Morelli highlighted ongoing supply chain issues but expressed confidence in underlying demand and future profitability through strategic stock repurchases.
Vontier Corporation (NYSE: VNT) announced that CFO David Naemura will present at Citi’s 2022 Global Industrial Tech and Mobility Conference on February 24, 2022, at 12:10 p.m. ET. The event will include a webcast, available for later viewing on www.vontier.com. Vontier specializes in industrial technology focused on transportation and mobility, with over 90,000 intersections managed and more than 260,000 customer fueling sites. The company emphasizes efficiency and safety across its diverse portfolio.
Vontier Corporation (NYSE: VNT) announced that CEO Mark Morelli and CFO David Naemura will present at Barclay’s Industrial Select Conference on February 23, 2022, at 1:50 p.m. ET. The presentation will be webcasted live and archived on www.vontier.com. Vontier specializes in transportation and mobility solutions, supporting over 90,000 traffic intersections and monitoring more than 480,000 vehicles worldwide. The company emphasizes innovation, safety, and environmental compliance, aiming to mobilize the future for enhanced efficiency.
Vontier Corporation (NYSE: VNT) has declared a quarterly cash dividend of $0.025 per share, payable on March 24, 2022, to stockholders of record as of March 3, 2022. The company focuses on transportation and mobility solutions, offering a range of technologies and services to enhance efficiency and safety. Vontier's strong cash flow and commitment to innovation position it well for ongoing investment opportunities, although future dividends remain subject to the Board's discretion.
Vontier (NYSE: VNT) has committed to a multi-year investment exceeding $500 million to lead the low-carbon energy transition. The company announced its acquisition of Driivz, enhancing its position in the Electric Vehicle Charging Infrastructure (EVCI) market. This acquisition aligns with Vontier's strategy to diversify its portfolio towards electrification and gaseous fuels, offering software solutions for energy management. The Driivz platform supports over 100,000 charging points globally, positioning Vontier favorably within the rapidly growing EVCI sector.
Vontier Corporation (NYSE: VNT) will hold its earnings conference call for Q4 2021 on February 17, 2022, at 8:00 a.m. ET. The call can be accessed via the company's website or by phone. A replay will be available post-call. Currently, Vontier is in a quiet period, refraining from investor interactions until the earnings release. The company focuses on transportation and mobility technology, managing over 90,000 intersections and serving 260,000 fueling sites globally. Further details, including the earnings press release, will be on the Investors section of their website.
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