NYSE$VNT

Vontier Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a revenue increase of 3% and adjusted EPS up 8% compared to the prior year.

Vontier Corporation announced its Q3 2022 results, with revenue increasing by 2.5% year-over-year to $788.0 million. The company reported a GAAP EPS of $0.32 and an adjusted EPS of $0.86, which is up 8% compared to the prior year. Despite a challenging quarter, the company demonstrated strong execution and delivered solid bottom line performance.

  • Q3 revenues increased by 3% year-over-year to $788 million.
  • GAAP EPS was $0.32, while adjusted EPS reached $0.86, up 8% compared to the previous year.
  • Core revenue decreased by 2%, but increased by 3% excluding EMV, driven by double-digit growth in fueling dispenser aftermarket and alternative fuels.
  • Adjusted operating profit margin expanded by 40 basis points due to strong price/cost performance and ongoing cost reduction actions.

Headline financials

Total Revenue

$788M

Previous: $769M+2.5%
EPS (adj)

$0.86

Previous: $0.80+7.5%
Core Sales Growth

-1.9%

Previous: 0.8%-337.5%
Capital Expenditures

-$43M

Previous: -$32.9M-30.7%
Free Cash Flow

$7.1M

Previous: $94.4M-92.5%
Net Income

$50.1M

Previous: $127M-60.6%
Operating Income

$150M

Previous: $167M-10.3%
Gross Profit

$360M

Previous: $346M+3.9%
Cash & Equivalents

$122M

Previous: $459M-73.5%
Total Assets

$4.26B

Previous: $4.17B+2.2%
Stock-Based Comp

$5.9M

Previous: $6.3M-6.3%

Revenue & EPS history

Vontier · Revenue · Quarterly

$788M

Q3 2022+2.5%vs Q3 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 fourth quarter of 2022, Vontier anticipates diluted net earnings per share to be in the range of $0.58 to $0.63 and adjusted diluted net earnings per share to be in the range of $0.73 to $0.78. For the full year 2022, Vontier anticipates diluted net earnings per share to be in the range of $2.66 to $2.71 and adjusted diluted net earnings per share to be in the range of $3.00 to $3.05.

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 2022

Historical avgQ3 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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