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 (NYSE: VNT) will showcase cutting-edge innovations at the National Association of Convenience Stores (NACS) Conference from October 7-10, 2024, in Las Vegas. The company's brands, including Gilbarco Veeder-Root, Invenco by GVR, and DRB, will present solutions addressing key challenges for convenience store owners and operators.
The exhibition will focus on four main themes:
- Unified Payment: Featuring Invenco by GVR's FlexPay® 6 payment terminals
- Remote Management and Connectivity: Cloud-based solutions for integrated device management
- Productivity: Enabling multi-channel ordering and Invenco by GVR's Passport system
- Energy Diversification: Gilbarco Veeder-Root's Konect™ EV charging solution
The event will include an in-booth speaker series, original research presentations, and opportunities for one-on-one meetings with company executives.
Vontier (NYSE: VNT), a global provider of critical technologies for the mobility ecosystem, has scheduled its third quarter 2024 earnings call for Thursday, October 31, 2024, at 8:30 a.m. ET. The company will release its Q3 2024 earnings results on the same day. Investors can access the call via webcast or by dialing +1 800-549-8228 with the conference ID: 47424.
Webcast information and related conference call materials will be available on Vontier's investor relations website prior to the call. A replay of the webcast will be accessible at the same location after the presentation concludes, or by dialing +1 888-660-6264 with passcode 47424.
Matco Tools, a Vontier company (NYSE: VNT), has been honored as a winner of the 2024 MOTOR Top 20 Awards Competition for its innovative Maximus 5.0 Diagnostic Scan Tool. This recognition celebrates the tool's significant contribution to advancing automotive diagnostics.
The Maximus 5.0 is designed to streamline the diagnostic process for master technicians, offering features such as:
- VCI with flashing/reprogramming capabilities
- 4-Channel Oscilloscope
- Bluetooth Battery Analyzer
- Code Assist and Maximus Fix
- Built-in High Speed Health Reports
Mike Dwyer, President of Matco Tools, emphasized the tool's importance in addressing the evolving needs of modern automotive shops, particularly in light of increasing vehicle complexity and sensor proliferation.
Vontier (NYSE: VNT) announced that Costco Wholesale has chosen Vontier's Invenco by GVR to provide advanced payment solutions for their 76 fueling sites across Canada. The rollout will begin in October 2024. The solution includes the FlexPay 6 Modular 15-inch outdoor payment terminal and iNFX microservices architecture, offering benefits such as over-the-air upgrades, enhanced security, and seamless integration capabilities.
This collaboration aims to enhance Costco's member experience with improved uptime, faster transaction speeds, and new communication methods at the pump. The distributed iNFX architecture allows outdoor payment terminals to function as standalone point-of-sale systems, eliminating single points of failure common in traditional fueling setups.
Gilbarco Veeder-Root (GVR), a Vontier company (NYSE: VNT), has secured a $27 million tender from Indian Oil (IOCL) for retail fuel dispensers and services. This follows a $59 million tender with Hindustan Petroleum (HPCL) announced last month. The IOCL deal includes $17 million in equipment and $10 million in services over eight years.
GVR will deliver products across IOCL's retail sites in India over the next 12 months. The company has been present in India since 1955 and operates a manufacturing facility in Coimbatore. Additionally, Invenco by GVR recently opened a software development center in Bengaluru, demonstrating Vontier's long-term commitment to the Indian market.
Vontier (NYSE: VNT) is accelerating the global launch of its Konect electric vehicle (EV) charging solution, aimed at helping convenience store owners capitalize on the growing demand for EV charging. Konect offers an end-to-end solution covering site selection, grant applications, installation, and technical support.
The EV market is experiencing rapid growth, with global sales predicted to reach over 11 million units in 2024 and double by the end of the decade. Konect, launched in May 2024, enables convenience stores to deploy their own chargers and create a new revenue stream. The solution combines technology from Vontier businesses, including Gilbarco Veeder-Root, Invenco by GVR, and Driivz.
Initially focused on North America and Europe, Vontier is exploring adjacent markets as interest expands. The company is developing a strong sales pipeline with major fuel retailers and fleet operators, with upcoming announcements expected.
Vontier (NYSE: VNT) announced that its portfolio company Driivz, a global EV charging software leader, has established a U.S. headquarters in Raleigh, North Carolina. Driivz, which operates in over 30 countries and manages 100,000 public chargers globally, aims to better support the maturation of U.S. EV charging infrastructure. The company's recently promoted Chief Product Officer, Oren Halevi, will join the new headquarters to support expansion in the North American market.
This move comes as North America reaches an inflection point in the energy transition, with the third year of the National Electric Vehicle Infrastructure (NEVI) Program providing $5 billion in federal funding for high-speed EV chargers. Driivz's software supports key industry players such as EVgo, Shell, and Volvo Group, enabling millions of EV-related events for drivers worldwide.
Vontier (NYSE: VNT), a global leader in mobility ecosystem technologies, will participate in Morgan Stanley's 12th Annual Laguna Conference. CEO Mark Morelli and CFO Anshooman Aga will join a fireside chat on September 11, 2024, at 6:45 p.m. ET. The discussion will be webcast live via Vontier’s Investor Relations section on their website.
Gilbarco Veeder-Root, a Vontier company (NYSE: VNT), has secured two tenders worth $59 million from Hindustan Petroleum (HPCL) in India. The tenders include $39 million for above-ground dispensers with eight years of service support, and $20 million for underground submersible turbine pumps. These projects will be delivered across HPCL's retail outlets in India over the next 18 months.
The partnership supports India's infrastructure growth, modernization, and decarbonization goals. Gilbarco Veeder-Root's technologies will contribute to India's multi-energy future, including support for biofuels. The company has been present in India since 1955 and has been a preferred supplier for HPCL for over 50 years. This deal aligns with India's ambitious 2030 decarbonization targets and COP26 commitments.
Vontier (NYSE: VNT), a global leader in mobility ecosystem technologies, has announced a regular quarterly cash dividend of $0.025 per share. The dividend is payable on September 26, 2024, to stockholders of record as of September 5, 2024. Vontier, which specializes in critical technologies for connecting, managing, and scaling the mobility ecosystem, plans to continue quarterly dividend payments. However, the company emphasizes that future dividends, including amounts, record dates, and payment dates, are subject to the Board of Directors' discretion.
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