NYSE$VNT

Vontier Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Vontier reported a decrease in revenue but an increase in net earnings compared to the same quarter last year, while full-year results showed growth in both revenue and earnings.

Vontier Corporation reported a decrease in revenue for the fourth quarter of 2021, with a 3.1% year-over-year decline to $790.2 million. However, net earnings for the quarter were $112.4 million, and adjusted net earnings were $141.1 million. Full-year 2021 revenue increased by 10.6% year-over-year to $2,990.7 million, with net earnings of $413.0 million and adjusted net earnings of $489.8 million.

  • Q4 revenue decreased by 3.1% year-over-year to $790.2 million.
  • Q4 net earnings were $112.4 million, and adjusted net earnings were $141.1 million.
  • Full-year revenue increased by 10.6% year-over-year to $2,990.7 million.
  • Full-year net earnings were $413.0 million, and adjusted net earnings were $489.8 million.

Headline financials

Total Revenue

$790M

Previous: $815M-3.0%
EPS (adj)

$0.83

Previous: $0.87-4.6%
Capital Expenditures

$14.9M

Previous: $8.4M+77.4%
Free Cash Flow

$124M

Previous: $202M-38.6%
Net Income

$112M

Previous: $137M-17.8%
Operating Income

$161M

Previous: $178M-9.5%
Gross Profit

$356M

Previous: $363M-1.7%
Cash & Equivalents

$573M

Previous: $381M+50.5%
Total Assets

$4.35B

Previous: $3.07B+41.5%
Stock-Based Comp

$6.2M

Previous: $6.8M-8.8%

Revenue & EPS history

Vontier · Revenue · Quarterly

$790M

Q4 2021-3%vs Q4 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 first quarter of 2022, Vontier anticipates diluted net earnings per share to be in the range of $0.55 to $0.58 and adjusted diluted net earnings per share to be in the range of $0.64 to $0.67. For the full year 2022, Vontier anticipates diluted net earnings per share to be in the range of $2.67 to $2.77 and adjusted diluted net earnings per share to be in the range of $3.05 to $3.15.

Tailwinds

  • Underlying demand for solutions is encouraging.
  • Order growth is positive.
  • Backlog trends are positive.
  • Confident in the ability to continue to successfully execute organically.
  • Confident in the ability to continue to successfully execute inorganically to deliver compounding earnings and cash flow growth.

Headwinds

  • Expect supply chain headwinds to extend into early 2022.
  • Expect COVID-related headwinds to extend into early 2022.
  • No other negatives were provided in the earnings report.
  • No other negatives were provided in the earnings report.
  • No other negatives were provided in the earnings report.

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 Q4 2021

Historical avgQ4 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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