NYSE$VNT

Vontier Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Vontier's Q2 2022 performance was driven by strong execution, price and cost management, and strategic capital allocation.

Vontier Corporation reported a 7.2% increase in revenue to $776.4 million for Q2 2022, with core revenue up by 1.6%. GAAP EPS was $0.21, while adjusted EPS rose by 18% to $0.72. The company has reiterated its full-year 2022 GAAP EPS guidance of $3.30 - $3.40 and adjusted EPS guidance of $3.20 - $3.30.

  • GAAP EPS was $0.21; Adjusted EPS of $0.72, up 18% driven by strong execution, price and cost performance, and capital allocation
  • Q2 revenue growth of 7% up 2% core, ahead of expectations, reflects double-digit growth at DRB and Environmental
  • Adjusted gross margin expanded 100 basis points driven by price and strong demand for Retail Solutions
  • Company signed a definitive agreement to acquire Invenco for $80 million

Headline financials

Total Revenue

$776M

Previous: $725M+7.1%
EPS (adj)

$0.72

Previous: $0.61+18.0%
Capital Expenditures

-$26.5M

Previous: -$21.7M-22.1%
Free Cash Flow

$6.8M

Previous: $60.6M-88.8%
Net Income

$33.3M

Previous: $82.3M-59.5%
Operating Income

$137M

Previous: $121M+12.8%
Gross Profit

$348M

Previous: $319M+9.3%
Cash & Equivalents

$127M

Previous: $703M-81.9%
Total Assets

$4.22B

Previous: $3.34B+26.3%
Stock-Based Comp

$7M

Previous: $6.4M+9.4%

Revenue & EPS history

Vontier · Revenue · Quarterly

$776M

Q2 2022+7.1%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

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

  • Repair Solutions
    $160M

Forward guidance

For the third quarter of 2022, Vontier anticipates diluted net earnings per share to be in the range of $0.72 to $0.77 and adjusted diluted net earnings per share to be in the range of $0.85 to $0.90. For the full year 2022, Vontier anticipates diluted net earnings per share to be in the range of $3.30 to $3.40 and adjusted diluted net earnings per share to be in the range of $3.20 to $3.30.

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 2022

Historical avgQ2 2022

+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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