NYSE$VNT
Vontier Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Vontier's Q2 2024 performance was impacted by delayed customer project timing and reduced discretionary spending, leading to a sales decline. However, the company is confident in its strategic positioning and long-term growth potential.
Vontier Corporation reported a 9% year-over-year decline in sales to $696.4 million, with core sales down 3%. GAAP diluted net EPS was $0.45, and adjusted diluted net EPS was $0.63. The company lowered its full-year 2024 outlook and initiated Q3 2024 guidance, while also announcing an intent to execute an Accelerated Share Repurchase Plan.
- Sales decreased by 9% year-over-year to $696 million, with a 3% decline in core sales.
- GAAP diluted net EPS stood at $0.45, while adjusted diluted net EPS reached $0.63.
- Operating cash flow amounted to $46 million, and adjusted free cash flow was $26 million, representing a 27% adjusted free cash flow conversion.
- The company lowered its full-year 2024 outlook and introduced Q3 2024 guidance.
Headline financials
Revenue & EPS history
Vontier · Revenue · Quarterly
$696M
Revenue by segment
Vontier · $160M total across 1 segment · Q3 2023
- Repair Solutions$160M—100.0%
Forward guidance
Vontier provided the following guidance for Q3 2024: Total sales $715 to $740 million; Core sales (2%) to +2%; Adjusted operating profit margin down 80 to 110 basis points year-over-year; Adjusted diluted net earnings per share in the range of $0.67 to $0.71. For full year 2024: Total sales $2,900 to $3,000 million; Core sales (1%) to +3%; Adjusted operating profit margin flat to up 50 basis points year-over-year; Adjusted diluted net earnings per share in the range of $2.80 to $3.00; Adjusted free cash flow conversion of ~90%
Tailwinds
- Total sales $715 to $740 million
- Core sales (2%) to +2%
- Adjusted operating profit margin down 80 to 110 basis points year-over-year
- Adjusted diluted net earnings per share in the range of $0.67 to $0.71
- Adjusted free cash flow conversion of ~90%
Headwinds
- The company is lowering its 2024 outlook to reflect slower market growth in the second half
- Adjusted operating profit margin down 80 to 110 basis points year-over-year
- Core sales (2%) to +2%
- Total sales $715 to $740 million
- Total sales $2,900 to $3,000 million
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 2024
+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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