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) 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.
Vontier Corporation (NYSE: VNT) announced the appointment of Bob Eatroff as a director. Currently, Eatroff is Executive Vice President of Global Corporate Development and Strategy at Comcast, leading M&A and strategic initiatives. With over 20 years at Morgan Stanley in investment banking, he has significant experience in high-profile transactions. Chair Karen Francis stated that Eatroff's expertise in capital allocation and technology investments will enhance Vontier's portfolio transformation towards evolving mobility markets.
Vontier Corporation (NYSE: VNT) has priced a private offering of $500 million in 1.800% senior notes due 2026, $500 million in 2.400% senior notes due 2028, and $600 million in 2.950% senior notes due 2031, totaling $1.6 billion. The net proceeds will be used primarily to repay existing debts, including a two-year term loan and part of a three-year term loan, with remaining funds allocated for working capital and potential acquisitions. The offering is expected to close on March 10, 2021.
Vontier Corporation (NYSE: VNT) announced plans for a private offering of senior unsecured notes to qualified institutional buyers, aimed at debt repayment and general corporate purposes. The offering, exempt from Securities Act registration, will help in settling outstanding term loans, with any remaining proceeds allocated for working capital, potential acquisitions, or strategic transactions. Vontier emphasizes that these notes will not be registered under the Securities Act. The company is focused on advancing transportation and mobility solutions globally.
Vontier Corporation (NYSE: VNT) announced that its CFO, David Naemura, will present at the 13th Annual Evercore ISI Industrial Conference on March 2, 2021, at 2:45 p.m. ET. The presentation will be web streamed live and archived on Vontier's website. Vontier, a global leader in industrial technology, specializes in transportation and mobility solutions, enhancing efficiency and safety across various sectors. The company boasts a strong portfolio, including over 90,000 intersections managed and more than 600,000 technicians equipped worldwide.
Vontier Corporation (NYSE: VNT) announced that CFO David Naemura will present at Citi’s 2021 Global Industrials Virtual Conference on February 17, 2021, at 3:30 p.m. ET. The presentation will be webcast and archived on www.vontier.com. Vontier is a global industrial technology company focused on transportation and mobility solutions, serving over 260,000 fueling sites and monitoring 480,000 commercial vehicles. The company aims to enhance efficiency and safety while promoting environmental compliance across various sectors.
Vontier Corporation (NYSE: VNT) announced that its CEO, Mark Morelli, and CFO, David Naemura, will present at the Barclays Industrial Select Conference on February 16, 2021, at 2:10 p.m. ET. The presentation will be webcast live and archived on www.vontier.com. Vontier is a global industrial technology company specializing in transportation and mobility solutions, with a reputation for innovation and efficiency across various markets, including fueling, fleet management, and vehicle diagnostics.
Vontier Corporation (NYSE: VNT) reported a strong fourth quarter for 2020, achieving net earnings of $136.8 million and adjusted net earnings of $147.4 million. Revenue increased 9.6% year-over-year to $815.0 million, with core revenue growth of 8.5%. Diluted net earnings per share were $0.81, while adjusted diluted net earnings were $0.87. For Q1 2021, Vontier anticipates diluted net earnings per share between $0.47 and $0.50, and for the full year, between $2.15 and $2.25. The company emphasized its focus on profitable growth and capital allocation strategies.
Vontier Corporation (NYSE: VNT) will host its earnings conference call for Q4 2020 on February 11, 2021, at 8:00 a.m. ET. Interested parties can join via webcast on their website, where a replay will also be available post-call. Access for the call can be made by phone for U.S. and international participants. Currently, Vontier is in a 'quiet period' until earnings are released, during which it will not interact with investors. The company focuses on innovative transportation and mobility solutions, serving over 260,000 fueling sites and monitoring more than 480,000 vehicles globally.
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