NYSE$VNT

Vontier Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Vontier exceeded expectations on all metrics, demonstrating strong execution and rigorous application of the Vontier Business System.

Vontier reported a strong second quarter in 2021, with revenue increasing by 35.8% year-over-year to $724.6 million and adjusted diluted net earnings per share increasing by 69% to $0.61. The company's performance was driven by robust order growth and healthy secular trends. Vontier also raised its full-year 2021 outlook.

  • Revenue increased 35.8% year-over-year to $724.6 million.
  • Core revenue growth was 32.7%.
  • Diluted net earnings per share were $0.48.
  • Adjusted diluted net earnings per share were $0.61.

Headline financials

Total Revenue

$725M

Previous: $534M+35.8%
EPS (adj)

$0.61

Previous: $0.40+52.5%
Core Sales Growth

32.7%

No prior period
Capital Expenditures

-$21.7M

Previous: $6.5M-433.8%
Free Cash Flow

$60.6M

Previous: $173M-64.9%
Net Income

$82.3M

Previous: $68.8M+19.6%
Operating Income

$121M

Previous: $90M+34.4%
Gross Profit

$319M

Previous: $231M+37.9%
Cash & Equivalents

$703M

No prior period
Total Assets

$3.34B

No prior period
Stock-Based Comp

$6.4M

Previous: $6M+6.7%

Revenue & EPS history

Vontier · Revenue · Quarterly

$725M

Q2 2021+35.8%vs Q2 2020
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Revenue by segment

Vontier · $160M total across 1 segment · Q3 2023

  • Repair Solutions
    $160M

Forward guidance

For the third quarter of 2021, Vontier anticipates diluted net earnings per share to be in the range of $0.63 to $0.66 and adjusted diluted net earnings per share to be in the range of $0.71 to $0.74. For the full year 2021, Vontier anticipates diluted net earnings per share to be in the range of $2.39 to $2.44 and adjusted diluted net earnings per share to be in the range of $2.77 to $2.82.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.5%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.9%

Avg return

30 days after

62%

16 / 26 earnings

Positive

+12.8%

Q4 2023

Best reaction

-15.8%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%-16.4%-19.7%
Q4 2025+3.4%-0.2%-11.5%
Q3 2025-11.1%-12.0%-15.1%
Q1 2025+0.0%+1.7%+12.7%
Q4 2024+1.8%+6.7%-12.1%
Q3 2024+8.5%+11.5%+15.2%
Q2 2024-15.8%-16.4%-10.7%
Q1 2024-2.9%+1.4%-1.6%
Q4 2023+12.8%+12.8%+18.6%
Q3 2023+9.0%+9.0%+15.8%
Q2 2023-2.2%-0.3%+4.8%
Q1 2023+4.1%+3.8%+13.1%
Q4 2022+9.8%+1.2%+7.6%
Q3 2022-5.8%-3.1%+3.8%
Q2 2022-6.2%-10.1%-18.0%
Q1 2022+0.3%-3.8%-0.7%
Q4 2021-13.1%-11.5%-13.1%
Q3 2021-2.5%-2.0%-11.0%
Q2 2020+4.1%+6.7%+14.1%
Q2 2021+4.1%+6.7%+14.1%
Q1 2020+4.1%+1.1%+3.8%
Q1 2021+9.7%+7.6%+8.4%
Q4 2019-3.1%-2.5%-3.7%
Q4 2018-3.1%-2.5%-3.7%
Q4 2020+1.8%-1.7%-7.3%
Q3 2020+1.7%+5.5%+20.6%
Q3 2019
Q2 2019
Q1 2019

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