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) reported strong second-quarter results for 2021, with net earnings of $82.3 million and adjusted net earnings of $104.4 million. Revenue surged by 35.8% year-over-year to $724.6 million, driven by a 32.7% increase in core revenue. Diluted earnings per share reached $0.48, with adjusted diluted earnings per share at $0.61. CEO Mark D. Morelli highlighted robust order growth and ongoing strategic initiatives including the acquisition of DRB Systems. The company expects EPS for Q3 2021 between $0.63 and $0.66, and for the full year, between $2.39 and $2.44.
Vontier Corporation (NYSE: VNT) will host a webcast of its second-quarter 2021 earnings conference call on August 6, 2021, at 8:00 a.m. ET. Investors can access the call via telephone or through the company's website. A replay will be available post-call. Vontier, a global industrial technology firm, focuses on advanced transportation and mobility solutions. It operates with a commitment to innovation, serving over 260,000 fueling sites and monitoring more than 480,000 commercial vehicles globally.
Vontier Corporation (NYSE: VNT) has announced its acquisition of DRB Systems, LLC for approximately $965 million in cash, subject to customary closing conditions. This strategic move aims to diversify Vontier's portfolio and establish a $500 million Retail Solutions segment. DRB, based in Akron, OH, is expected to generate about $170 million in revenue for 2021, with operating margins in the mid-20%. The deal aligns with Vontier's focus on smart infrastructure and aims to capitalize on growing demands in the car wash sector.
Insite360, a subsidiary of Vontier, has partnered with Site IQ to enhance equipment management for convenience retailers. This collaboration incorporates Site IQ's cloud-based solutions with Insite360's platform, improving asset uptime and reducing service visits. The partnership allows the connection of various dispensers, including older models and competitive brands, facilitating better data management across retail networks. Launching in the second half of 2021, this initiative aims to transform fueling site management, enhancing efficiency and profitability for customers.
Vontier Corporation (NYSE: VNT) announced a quarterly cash dividend of $0.025 per share, payable on June 24, 2021, to stockholders on record as of June 3, 2021. Vontier, a global industrial technology company, focuses on transportation and mobility solutions, enhancing efficiency and safety across diverse sectors. The Board of Directors retains discretion over future dividends, including amounts and payment dates. Vontier's strong portfolio supports its growth initiatives, reflecting confidence in its market position and cash flow capabilities.
Vontier Corporation (NYSE: VNT) will present at the Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference on May 20, 2021, at 2:00 p.m. ET. CEO Mark Morelli and CFO David Naemura will lead the session, which will also be available via webcast on www.vontier.com. Vontier, a global industrial technology company, specializes in transportation and mobility solutions, supporting over 90,000 intersections and 260,000 fueling sites worldwide. The company is dedicated to innovation and enhancing efficiency in mobility.
Vontier Corporation (NYSE: VNT) announced that President and CEO Mark Morelli, along with CFO David Naemura, will present at the Wolfe Research Global Transportation and Industrials Conference on May 25, 2021, at 4:30 p.m. ET. The event will be webcast live and archived on www.vontier.com.
Vontier is a global industrial technology company specializing in transportation and mobility solutions, including fuel management, telematics, and smart city technologies. With a focus on innovation and customer success, Vontier serves over 260,000 fueling sites and monitors more than 480,000 vehicles worldwide.
Vontier Corporation (NYSE: VNT) reported strong Q1 2021 results, with net earnings of $91 million, up from previous year. Adjusted net earnings reached $107.7 million, translating to diluted EPS of $0.54 and $0.63, respectively. Revenue surged by 16.1% YoY to $707.4 million, driven by a 14.3% increase in core revenue. CEO Mark D. Morelli highlighted effective supply chain management and margin expansion. Vontier raised its full-year adjusted EPS guidance to between $2.55 and $2.65, reflecting confidence in growth opportunities. A conference call to discuss these results is scheduled for 8:00 a.m. ET.
Vontier Corporation (NYSE: VNT) will hold its earnings conference call for Q1 2021 on May 6, 2021, at 8:00 a.m. ET. The call will be available via webcast on Vontier's website, along with a slide presentation. Investors can dial in using designated numbers for U.S. and international callers. The company is currently in a 'quiet period' until the earnings release. Vontier specializes in transportation and mobility solutions, engaging over 260,000 fueling sites and monitoring 480,000 vehicles globally.
Vontier Corporation (NYSE: VNT) has appointed Maryrose Sylvester to its Board of Directors. Ms. Sylvester brings over 30 years of experience, having worked at GE where she was the CEO of Current, and most recently served as U.S. Managing Director for ABB Group. Her expertise focuses on technology, innovation, and sustainability. Vontier's Chair, Karen Francis, highlighted her successful history in transforming businesses and exploring growth opportunities. The company is recognized for its presence in transportation and mobility solutions across various sectors.
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