Vontier Corp Stock Price, News & Analysis

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.