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

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

Vontier Reports First Quarter 2021 Results

May 6, 2021 6:00 AM EDT

RALEIGH, N.C.--(BUSINESS WIRE)-- Vontier Corporation (Vontier) (NYSE: VNT) today announced results for the first quarter 2021.

For the first quarter ended April 2, 2021, net earnings were $91.0 million and adjusted net earnings were $107.7 million. For the first quarter ended April 2, 2021, diluted net earnings per share were $0.54 and adjusted diluted net earnings per share were $0.63.

For the first quarter of 2021, revenue increased 16.1% year-over-year to $707.4 million, which reflected an increase in core revenue of 14.3%.

Mark D. Morelli, President and Chief Executive Officer, stated, Strong execution by our teams drove double-digit core revenue and... More