Vontier Corporation - VNT STOCK NEWS

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.

Vontier Corporation (NYSE: VNT) has declared a quarterly cash dividend of $0.025 per share, scheduled for payment on June 23, 2022, to stockholders of record on June 2, 2022. The company plans to maintain quarterly dividends, but future payments are subject to the Board's discretion. As a global industrial technology firm, Vontier focuses on innovative solutions for mobility and transportation challenges, emphasizing customer commitment and sustainable practices.

Vontier Corporation (NYSE: VNT) announced that CEO Mark Morelli and CFO David Naemura will present at the Wolfe Research 15th Annual Global Transportation & Industrials Conference on May 26, 2022, at 8:35 a.m. EDT. The presentation will be available as a simultaneous webcast and archived on the Vontier website. Vontier is a global industrial technology company focused on innovative mobility and transportation solutions, dedicated to delivering sustainable solutions for a better world.

Vontier Corporation (NYSE: VNT) reported a strong Q1 2022, with net earnings of $250.2 million and adjusted net earnings of $115.9 million. Revenue rose 5.7% year-over-year to $748.1 million, despite a slight core revenue decrease of 0.1%. The company announced an accelerated share repurchase program, deploying $441.9 million in capital, including $257 million for share buybacks. Vontier raised its full-year adjusted diluted net earnings per share guidance to $3.20 to $3.30. CEO Mark D. Morelli highlighted the focus on enhancing its growth portfolio and strategic exits of underperforming segments.