NYSE$VNT
Vontier Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Vontier reported a 10% decrease in sales, with core sales down 7%, but demonstrated strength in segments like Mobility Technologies and Repair Solutions.
Vontier Corporation reported Q4 2023 results, with sales of $789 million, a 10% decrease year-over-year. GAAP diluted net EPS was $0.68, and adjusted diluted net EPS was $0.80, exceeding prior guidance. The company highlighted progress in its Connected Mobility strategy and operational excellence.
- Sales decreased by 10% compared to the prior year, with core sales down 7%.
- GAAP diluted net EPS was $0.68, while adjusted diluted net EPS was $0.80, surpassing previous guidance.
- Operating cash flow reached $165 million, and adjusted free cash flow was $153 million, representing a 122% adjusted free cash flow conversion.
- The company repurchased approximately $13 million in shares and repaid $60 million in debt during the quarter.
Headline financials
Revenue & EPS history
Vontier · Revenue · Quarterly
$789M
Revenue by segment
Vontier · $160M total across 1 segment · Q3 2023
- Repair Solutions$160M—100.0%
Forward guidance
Vontier initiated full year 2024 guidance for Adjusted diluted net EPS of $3.00 to $3.15 and Q1 2024 guidance for Adjusted diluted net EPS of $0.68 to $0.72.
Tailwinds
- Total sales $3,050 to $3,110 million.
- Core sales growth +4 to 6%.
- Adjusted operating profit margin +80 to 110 basis point expansion year-over-year.
- Adjusted diluted net EPS in the range of $3.00 to $3.15.
- Adjusted free cash flow conversion of ~90 to 100%.
Headwinds
- Total sales $745 to $760 million for Q1 2024.
- Core sales growth +2 to 4% for Q1 2024.
- Adjusted operating profit margin expansion of 40 to 80 basis points year-over-year for Q1 2024.
- Adjusted diluted net EPS of $0.68 to $0.72 for Q1 2024.
- The company expects the sunset of EMV-related sales to negatively impact revenue.
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 2023
+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
| Quarter | Report date | Reaction (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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