NYSE$VNT

Vontier Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Vontier's Q3 2021 results exceeded guidance on all metrics, driven by exceptional execution and strong customer demand amidst supply headwinds.

Vontier Corporation reported a 2.9% year-over-year increase in revenue for Q3 2021, reaching $768.5 million, with net earnings of $127.3 million, or $0.75 per share. Adjusted net earnings were $136.6 million, or $0.80 per share. The company successfully closed the acquisition of DRB, marking a significant step in diversifying its portfolio.

  • Revenue increased by 2.9% year-over-year to $768.5 million.
  • Diluted net earnings per share were $0.75, while adjusted diluted net earnings per share reached $0.80.
  • The company closed the acquisition of DRB, expanding its portfolio.
  • Vontier anticipates Q4 2021 diluted net earnings per share to be in the range of $0.65 to $0.69 and adjusted diluted net earnings per share to be in the range of $0.77 to $0.81.

Headline financials

Total Revenue

$769M

Previous: $747M+2.9%
EPS (adj)

$0.80

Previous: $0.80+0.0%
Core Sales Growth

0.8%

Previous: 5.6%-85.7%
Capital Expenditures

-$32.9M

Previous: -$27.3M-20.5%
Free Cash Flow

$94.4M

Previous: $114M-17.0%
Net Income

$127M

Previous: $141M-9.7%
Operating Income

$167M

Previous: $179M-6.3%
Gross Profit

$346M

Previous: $331M+4.6%
Cash & Equivalents

$459M

No prior period
Total Assets

$4.17B

Previous: $2.6B+60.2%
Stock-Based Comp

$6.3M

Previous: $6.1M+3.3%

Revenue & EPS history

Vontier · Revenue · Quarterly

$769M

Q3 2021+2.9%vs Q3 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 fourth quarter of 2021, Vontier anticipates diluted net earnings per share to be in the range of $0.65 to $0.69 and adjusted diluted net earnings per share to be in the range of $0.77 to $0.81.

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 Q3 2021

Historical avgQ3 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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