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) announced its 2023 Investor Day conference, scheduled for March 23, 2023, in New York, accessible both virtually and in-person. Executives, including President and CEO Mark Morelli and CFO Anshooman Aga, will present the company's strategic and capital allocation priorities, growth strategy, and mid-term financial outlook. The event will feature presentations and Q&A sessions, starting at 8:30 a.m. ET and concluding around noon ET. Interested attendees can register for the webcast and find additional details on Vontier's investor relations website.
Vontier Corporation (NYSE: VNT) reported robust fourth quarter results, with revenues hitting $872 million, a 10% increase year-over-year, and an adjusted diluted EPS of $0.81, surpassing prior guidance. Full-year revenues reached $3.2 billion, up 7% with diluted EPS at $2.49. The company executed over $325 million in share repurchases and $275 million in acquisitions. For 2023, Vontier projects adjusted diluted EPS between $2.73 and $2.83, although anticipates a decline in total and core revenue. CEO Mark Morelli emphasized strong demand and positioned Vontier to leverage trends in the mobility ecosystem.
Vontier Corporation (NYSE: VNT) declared a regular quarterly cash dividend of $0.025 per share, payable on March 23, 2023, to stockholders of record on March 2, 2023. The company aims to continue paying dividends quarterly, although future declarations will depend on the Board of Directors' discretion. As a leader in critical technologies and solutions within the mobility ecosystem, Vontier focuses on providing smart, sustainable solutions. Investors should note that forward-looking statements may entail risks, including market instability and operational challenges, which could impact future results.
Vontier Corporation (NYSE: VNT) has announced that President and CEO Mark Morelli and CFO Anshooman Aga will present at two investor conferences on February 22, 2023. The first presentation will take place at Citi's Global Industrial Tech and Mobility Conference at 8:50 a.m. Eastern Time, followed by the Barclays Industrial Select Conference at 1:50 p.m. Eastern Time. Both presentations will be available to stream live on Vontier's Investor Relations website, with replays accessible afterward. Vontier continues to lead in providing innovative technologies for the mobility ecosystem.
Vontier Corporation (NYSE: VNT) has appointed David M. Foulkes to its Board of Directors, effective March 1, 2023. Foulkes, who has been CEO of Brunswick Corporation since January 2019, brings a wealth of experience in industrial technology, digital transformation, and global manufacturing. He previously held significant roles at Ford Motor Company for 18 years. Board Chair Karen Francis and CEO Mark Morelli emphasized Foulkes’ potential contribution to Vontier's growth and innovation in the mobility ecosystem, given his robust technology background and industry insights.
Vontier Corporation (NYSE: VNT) will announce its fourth quarter and full year 2022 earnings results on February 16, 2023, followed by a conference call at 8:00 a.m. ET. Investors can join the call via webcast or by dialing specific numbers for U.S. and international callers. The details, including the conference ID, will be available on Vontier's investor relations website. A replay will be accessible after the call. Vontier is focused on providing innovative solutions for mobility challenges, driven by its commitment to customer satisfaction.
Vontier Corporation (NYSE: VNT) has announced an upcoming Investor Day on March 23, 2023, in New York City. The event will take place from 8:30 AM ET to 1:00 PM ET. Key executives, including CEO Mark Morelli and CFO Anshooman Aga, will present the company’s transformation and growth strategy, along with medium-term financial targets. Registration details will be available shortly. A live webcast will be provided on the Investor Relations section of Vontier's website.
Vontier Corporation (NYSE: VNT) has announced a quarterly cash dividend of $0.025 per share, payable on December 22, 2022, to stockholders of record on December 1, 2022. The company aims to maintain quarterly dividends, although future declarations are subject to Board discretion. As a leader in industrial technology, Vontier focuses on mobility and transportation solutions while remaining committed to customer satisfaction and sustainable development.
Vontier Corporation (NYSE: VNT) reported Q3 2022 earnings with GAAP EPS of $0.32 and adjusted EPS of $0.86, an 8% increase year-over-year. Revenues rose to $788 million, up 3% from the previous year, although core revenue declined by 2%. Operating profit margin showed a 270 basis point decrease year-over-year, while adjusted operating profit margin improved by 40 basis points. The company revised its full-year GAAP EPS guidance to $2.66 - $2.71 and adjusted EPS to $3.00 - $3.05, reflecting a 4-6% growth compared to last year.
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