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) has announced that David Naemura, Senior Vice President and Chief Financial Officer, will present at the Credit Suisse Annual Industrials Virtual Conference on Thursday, December 2, 2021, at 12:50 p.m. ET. The session will be available via a live webcast and archived on www.vontier.com. Vontier specializes in transportation and mobility solutions, with a commitment to innovation and customer success, serving over 90,000 intersections and 260,000 fueling sites globally.
Vontier Corporation (NYSE: VNT) announced a quarterly cash dividend of $0.025 per share, payable on December 23, 2021. The record date for stockholders is set for December 2, 2021. While Vontier aims to maintain quarterly dividends, future declarations will depend on the Board's discretion. The company, focusing on transportation and mobility solutions, serves over 260,000 customer fueling sites and monitors 480,000 commercial vehicles, indicating a strong market presence.
Vontier Corporation (NYSE: VNT) announced that President and CEO Mark Morelli and CFO David Naemura will present at the Baird 2021 Global Industrial Virtual Conference.
The event is scheduled for Thursday, November 11, 2021, at 12:50 p.m. ET, with a simultaneous audio webcast available at www.vontier.com.
Vontier focuses on transportation and mobility solutions, with a commitment to continuous improvement and customer success, serving numerous clients and monitoring a vast network of vehicles and fueling sites worldwide.
Vontier Corporation (NYSE: VNT) reported third-quarter 2021 results with net earnings of $127.3 million and adjusted net earnings of $136.6 million. Revenue increased by 2.9% year-over-year to $768.5 million, boosted by a 0.8% rise in core revenue. The company anticipates diluted net earnings per share for Q4 2021 between $0.65 and $0.69, and adjusted earnings per share between $0.77 and $0.81. Additionally, Vontier closed its acquisition of DRB, enhancing its digital expertise and portfolio diversification. The company aims for sustainable growth and profitability.
Vontier Corporation (NYSE: VNT) announced a virtual analyst and investor conference on November 19, 2021, from 10:30 a.m. ET to 12:00 p.m. ET. The event will be led by President and CEO Mark Morelli and CFO David Naemura, alongside presentations from Aaron Saak of Gilbarco Veeder-Root and Dan Pittman of DRB Systems. The conference aims to delve into Vontier's Retail Solutions businesses. Interested parties can participate via dial-in or access the webcast on the company’s website, with a replay available after the event.
Vontier Corporation (NYSE: VNT) has scheduled its earnings conference call for the third quarter of 2021 on November 4, 2021, at 8:00 a.m. ET. This call will be available on their website, including a slide presentation. The company is currently in a 'quiet period' leading up to this earnings release, during which they will not engage with the investment community. Vontier focuses on transportation and mobility solutions, boasting over 90,000 intersections and 260,000 fueling sites served globally.
Vontier Corporation (NYSE: VNT) announced that President of Gilbarco Veeder-Root, Aaron Saak, will present at the Bank of America Securities 2021 Industrial Software and Automation Summit on September 23, 2021, at 11:00 a.m. ET. The presentation will be webcast live and available for later access on www.vontier.com.
Vontier specializes in transportation and mobility technologies, including fueling systems and fleet management, serving over 260,000 fueling sites and monitoring 480,000 vehicles globally.
Vontier Corporation (NYSE: VNT) has successfully completed its acquisition of DRB Systems, LLC, effective September 13, 2021. DRB, known for its point of sale and workflow software for the car wash industry, will operate as a standalone entity within Vontier's Mobility Technologies platform. The acquisition is expected to generate approximately $170 million in revenue for 2021, with mid-20% operating margins. Additionally, it is projected to contribute $0.04 to $0.05 to adjusted net earnings per share for the same year, enhancing Vontier's growth and portfolio diversification.
Vontier Corporation (NYSE: VNT) declared a quarterly cash dividend of $0.025 per share, payable on September 23, 2021, to stockholders of record by September 2, 2021. This decision reflects Vontier's commitment to returning value to its shareholders. The company emphasizes its focus on innovation in transportation and mobility solutions, serving over 260,000 customer fueling sites and monitoring 480,000 commercial vehicles globally. The future of dividend payments remains at the discretion of the Board of Directors.
Tritium and Gilbarco Veeder-Root, a Vontier Corporation subsidiary, announced an agreement to waive a call option for Gilbarco to acquire Tritium. This follows Gilbarco's minority investment in Tritium since 2018, indicating a shift towards supporting Tritium's plans to go public through a business combination with Decarbonization Plus Acquisition Corporation II (DCRN). The anticipated transaction is expected to close in Q4 2021, subject to regulatory approvals and other conditions.
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