NYSE$VNT

Vontier Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Vontier reported strong double-digit earnings growth, driven by the resiliency of its portfolio and the Vontier Business System.

Vontier Corporation reported a 4.5% increase in revenue to $746.7 million for the third quarter of 2020, with net earnings of $141.0 million and diluted net earnings per share of $0.84. Adjusted net earnings were $134.4 million, and adjusted diluted net earnings per share were $0.80. The company anticipates mid-single digit core revenue growth for the fourth quarter.

  • Delivered strong double-digit earnings growth, reflecting the resiliency of the portfolio.
  • The Vontier Business System drove working capital productivity, generating substantial free cash flow.
  • The separation from Fortive is complete.
  • Have ample balance sheet flexibility to fund future M&A.

Headline financials

Total Revenue

$747M

Previous: $714M+4.5%
EPS (adj)

$0.80

Previous: $0.71+12.2%
Core Sales Growth

5.6%

No prior period
Capital Expenditures

-$27.3M

No prior period
Free Cash Flow

$114M

No prior period
Net Income

$141M

Previous: $121M+16.5%
Operating Income

$179M

Previous: $155M+15.3%
Gross Profit

$331M

Previous: $308M+7.6%
Total Assets

$2.6B

No prior period
Stock-Based Comp

$6.1M

No prior period

Revenue & EPS history

Vontier · Revenue · Quarterly

$747M

Q3 2020+4.5%vs Q3 2019
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

Vontier anticipates that core revenue growth will be in the mid-single digit range with adjusted core operating margin expansion greater than 200bps excluding the anticipated impact of restructuring for the fourth quarter 2020.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports

Historical avg

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro