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Vontier Corporation (NYSE: VNT) has appointed Christopher J. Klein as a director on its Board. Klein brings extensive experience, currently serving as Executive Chairman of Fortune Brands Home & Security, Inc. He previously held the CEO position and has been with the company since 2003. His background also includes pivotal roles at Bank One Corporation and McKinsey & Company. Karen Francis, Chair of Vontier's Board, expressed optimism about Klein's strategic insights contributing to Vontier's growth initiatives.
Vontier Corporation (NYSE: VNT) has announced that its President and CEO, Mark Morelli, along with CFO David Naemura, will present at the Credit Suisse 8th Annual Virtual Global Industrials Conference on December 2, 2020, at 3:10 p.m. ET. The event will feature a live audio webcast that will also be archived on www.vontier.com. Vontier is a global leader in industrial technology, focusing on transportation and mobility solutions, and supports over 260,000 customer fueling sites and more than 480,000 commercial vehicles worldwide.
Vontier Corporation (NYSE: VNT) reported a net earning of $141.0 million for Q3 2020, with adjusted net earnings of $134.4 million. Diluted earnings per share reached $0.84, reflecting a 4.5% increase in revenue to $746.7 million year-over-year, driven by a 5.6% rise in core revenue. Anticipating mid-single digit core revenue growth for Q4 2020, Vontier highlights a robust operational foundation and potential for future M&A activities in the growing $27 billion mobility market. CEO Mark D. Morelli emphasized the company’s resilience and effective working capital management.
Vontier Corporation (NYSE: VNT) announced that it will host a webcast for its third quarter 2020 earnings conference call on October 29, 2020, at 8:00 a.m. ET. Investors can access the call via phone or through Vontier's website, where a replay will be available afterward. The company is currently in a 'quiet period' and will refrain from investment community interactions until earnings are released. Vontier specializes in transportation and mobility solutions, focusing on enhancing efficiency, safety, and compliance across various sectors.
Vontier Corporation has completed its separation from Fortive Corporation and is now trading independently on the NYSE as VNT. Each Fortive shareholder received two shares of Vontier for every five shares held as of September 25, 2020. Vontier aims to leverage its heritage for strategic growth and financial performance, focusing on transportation and mobility solutions. With a strong portfolio and a commitment to innovation, Vontier is positioned to enhance margins and generate free cash flow, while navigating potential market risks.
