NYSE$VNT
Vontier Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Vontier reported solid results in Q2 2023, exceeding EPS guidance due to baseline core sales growth and strong operational execution. The company is advancing its connected mobility strategy and has raised full-year guidance.
Vontier Corporation announced its Q2 2023 results, with sales of $764.4 million, a 1.5% decrease year-over-year. GAAP diluted EPS was $0.62, while adjusted diluted net EPS was $0.67, exceeding prior guidance. The company has raised its full-year 2023 adjusted diluted net EPS guidance to $2.79 to $2.87.
- Sales declined 1.5% year-over-year to $764.4 million, with a core sales decrease of 1.6%.
- GAAP diluted EPS was $0.62, and adjusted diluted net EPS was $0.67, surpassing the prior guidance of $0.61 to $0.66.
- Operating profit was $120.6 million, down 11.6% year-over-year, while adjusted operating profit was $160.1 million, a 4.1% decrease.
- The company repurchased approximately $32 million in shares and repaid $100 million in debt during the quarter.
Headline financials
Revenue & EPS history
Vontier · Revenue · Quarterly
$764M
Revenue by segment
Vontier · $158M total across 1 segment · Q2 2023
- Repair Solutions$158M—100.0%
Forward guidance
Vontier provided Q3 2023 and full-year 2023 outlook. For Q3 2023, adjusted diluted EPS is expected to be $0.65 to $0.69. The full-year 2023 adjusted diluted EPS guidance is increased to $2.79 to $2.87.
Tailwinds
- Baseline core sales growth of mid-single digits-plus
- Adjusted diluted EPS $0.65 to $0.69
- Adjusted diluted EPS in the range of $2.79 to $2.87
- Adjusted free cash flow conversion of ~90-100%
Headwinds
- Total sales down mid-single digits
- Core sales down mid-single digits
- Adjusted operating profit margin down 370 to 420 basis points year-over-year
- Baseline adjusted operating profit margin down 70 to 100 basis points year-over-year
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 2023
+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
| Quarter | Report date | Reaction (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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