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) announces its participation in Baird’s 2022 Global Industrial Conference on Tuesday, November 8, 2022, at 12:35 p.m. CT (1:35 p.m. ET). The presentation will feature CEO Mark Morelli and CFO Anshooman Aga. Interested parties can access a live audio webcast along with an archived version on Vontier's Investor Relations website. Vontier is focused on providing innovative solutions to mobility and transportation challenges through its commitment to customer service and sustainable practices.
Vontier Corporation (NYSE: VNT) will release its third quarter 2022 earnings before market opening on November 3, 2022. Following the release, the company will host a conference call for investors at 8:00 a.m. ET. Participants can join via webcast or by calling +1 800-343-1703 in the U.S. or +1 785-424-1226 internationally, using conference ID 1228654. Vontier specializes in innovative solutions for mobility and transportation challenges, showcasing a commitment to sustainability through its advanced technology offerings.
Vontier Corporation (NYSE: VNT) CEO Mark Morelli will present at Morgan Stanley's 10th Annual Laguna Conference on September 14, 2022, at 8:10 a.m. PDT (11:10 a.m. EDT). The presentation will be available via a live audio webcast, which will be archived on their Investor Relations website. Vontier is committed to providing innovative industrial technology solutions for next-gen mobility and transportation challenges, reflecting its dedication to sustainability and customer-focused initiatives.
Vontier Corporation (NYSE: VNT) has declared a quarterly cash dividend of $0.025 per share, payable on September 22, 2022, to stockholders of record as of September 1, 2022. While Vontier aims to pay dividends quarterly, future dividend declarations depend on the Board of Directors' discretion. The company focuses on addressing mobility and transportation challenges while delivering sustainable solutions to its customers.
Vontier Corporation announced the appointment of Anshooman Aga as Chief Financial Officer effective August 29, 2022. Mr. Aga succeeds David Naemura, who will assist in the transition until year-end. With over 20 years of finance experience, Aga has a strong background in growth and transformation across industrial sectors. He previously served as CFO at Harsco Corporation and Cubic Corporation. Vontier, a global technology leader in mobility solutions, expects Aga's expertise to enhance its financial performance and strategic growth initiatives.
Jane, a boutique marketplace, is transitioning from a deals platform to a comprehensive shopping destination. This transformation includes a new tech infrastructure and key executive appointments, such as Laura Ravo as Chief Operating Officer and Krista Kochivar as Chief Financial Officer. Ravo, with extensive retail experience, will enhance marketplace operations and customer experience. Kochivar brings over 20 years in financial management from publicly traded companies. These strategic changes aim to strengthen Jane's position in the marketplace.
Jane is evolving from a deals platform to a boutique marketplace, enhancing its tech stack and leadership team to support this shift. Newly appointed COO Laura Ravo, with extensive retail experience, will oversee marketplace operations. Krista Kochivar joins as CFO, bringing over 20 years of financial expertise from public companies. CEO Joana McKenna emphasizes the importance of these appointments for growth and customer experience. These strategic changes aim to place Jane as a leading destination for boutique shoppers.
Vontier announced strong Q2 2022 results with GAAP EPS of $0.21 and adjusted EPS of $0.72, reflecting an 18% increase. Revenue rose 7.2% year-over-year to $776.4 million, driven by growth in DRB and Environmental sectors. The company plans to acquire Invenco, a leader in retail payment solutions, for $80 million, enhancing its digital strategy and growth profile. Expected revenue from Invenco is $80 million with mid-40% gross margins. Vontier forecasts Q3 diluted EPS between $0.72 to $0.77 and full-year diluted EPS of $3.30 to $3.40.
Vontier Corporation (NYSE: VNT) has appointed Hani Joakim as Chief Technology Officer (CTO) to enhance its digital strategy. This role aims to strengthen the company's position in the digital transformation of customer workflows, focusing on connected solutions. Joakim will leverage his extensive experience, including previous leadership at 7-Eleven and Sabre Corporation, to drive growth and innovation. According to CEO Mark D. Morelli, Joakim is poised to guide Vontier through the evolving digital landscape, aligning business strategies with consumer needs.
Vontier Corporation (NYSE: VNT) will host its earnings conference call for Q2 2022 on August 4, 2022, at 8:00 a.m. ET. The call will be accessible via webcast on Vontier's website, with a replay available post-event. Investors can dial in to participate, with specific numbers provided for both U.S. and international callers. Vontier is currently in a 'quiet period' until the earnings release, limiting interaction with the investment community. For further details, visit the 'Investors' section of Vontier's website.
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