Vontier Corp. (VNT) Tops Q1 EPS by 8c, Revenues Beat; Offers 2Q & FY21 EPS Outlook

Vontier Corp. (NYSE: VNT) reported Q1 EPS of $0.63, $0.08 better than the analyst estimate of $0.55. Revenue for the quarter came in at $707.4 million versus the consensus estimate of $671.17 million.

Mark D. Morelli, President and Chief Executive Officer, stated, “Strong execution by our teams drove double-digit core revenue and earnings growth, margin expansion, and free cash flow that exceeded our expectations. I am extremely proud of our team’s ability to rigorously navigate supply chain challenges and drive growth with unprecedented working capital efficiency. Given our robust outperformance in the first quarter coupled with profitable growth initiatives momentum and expectations for improved demand, we are raising our full-year 2021 adjusted EPS guidance.”

GUIDANCE:

Vontier Corp. sees Q2 2021 EPS of $0.50-$0.54, versus the consensus of $0.53.

Vontier Corp. sees FY2021 EPS of $2.55-$2.65, versus the consensus of $2.45.

For the second quarter of 2021, Vontier anticipates diluted net earnings per share to be in the range of $0.43 to $0.47 and adjusted diluted net earnings per share to be in the range of $0.50 to $0.54. For the full year 2021, Vontier anticipates diluted net earnings per share to be in the range of $2.25 to $2.35 and adjusted diluted net earnings per share to be in the range of $2.55 to $2.65.

Mr. Morelli added, “A greater focus and deeper deployment of the Vontier Business System is the driving force behind our success today and tomorrow. We are confident in our organic and inorganic opportunities and are fully committed to delivering compounding growth and long-term value creation for our customers, communities, and shareholders.”

For earnings history and earnings-related data on Vontier Corp. (VNT) click here.

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