NYSE$VNT

Vontier Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Vontier reported a strong Q4 2022 with revenue up 10% and adjusted EPS exceeding prior guidance.

Vontier Corporation reported a 10% increase in revenue to $871.9 million for Q4 2022. GAAP diluted EPS was $0.43, while adjusted diluted EPS was $0.81, exceeding the prior guidance. The company's core revenue growth was 10.3%, driven by increased demand for fueling aftermarket & services, alternative fuel dispensing, environmental products, and car wash technologies.

  • Revenues increased by 10% to $872 million compared to the prior year.
  • Core revenue growth was 10% (11% excluding EMV).
  • GAAP diluted EPS was $0.43.
  • Adjusted diluted EPS was $0.81, surpassing the prior guidance of $0.73 to $0.78.

Headline financials

Total Revenue

$872M

Previous: $790M+10.3%
EPS (adj)

$0.81

Previous: $0.83-2.4%
Core Sales Growth

10.3%

No prior period
Capital Expenditures

$17M

Previous: $14.9M+14.1%
Free Cash Flow

$164M

Previous: $124M+32.3%
Net Income

$67.7M

Previous: $112M-39.8%
Operating Income

$156M

Previous: $161M-2.8%
Gross Profit

$385M

Previous: $356M+8.0%
Cash & Equivalents

$205M

Previous: $573M-64.3%
Total Assets

$4.34B

Previous: $4.35B-0.1%
Stock-Based Comp

$5.3M

Previous: $6.2M-14.5%

Revenue & EPS history

Vontier · Revenue · Quarterly

$872M

Q4 2022+10.3%vs Q4 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

Vontier anticipates a decline in total revenue and adjusted operating profit margin for 2023, but expects positive adjusted diluted EPS and adjusted free cash flow conversion.

Tailwinds

  • Baseline core revenue growth of +MSD
  • Baseline adjusted operating profit margin expansion of 180 to 200 basis points
  • Adjusted diluted EPS in the range of $2.73 to $2.83
  • Adjusted free cash flow conversion of ~90-100%

Headwinds

  • Total revenue down low-to-mid-single digits
  • Core revenue down mid-single digits
  • Adjusted operating profit margin down 60 to 80 basis points

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 2022

Historical avgQ4 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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