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Stock impact report

Vontier Reports First Quarter Results

Vontier Corporation (VNT) 
Company Research Source: Business Wire
RALEIGH, N.C.--(BUSINESS WIRE)--Vontier Corporation (“Vontier”) (NYSE: VNT) today announced results for the first quarter 2022.For the first quarter ended April 1, 2022, net earnings were $250.2 million and adjusted net earnings were $115.9 million. For the first quarter ended April 1, 2022, diluted net earnings per share were $1.50 and adjusted diluted net earnings per share were $0.70.For the first quarter of 2022, revenue increased 5.7% year-over-year to $748.1 million, which reflected a decrease in core revenue of 0.1%.Mark D. Morelli, President and Chief Executive Officer, stated, “Our continued successful execution and capital allocation drove strong earnings growth, despite a well-documented challenging macro environment, and our profitable growth initiatives continued to deliver strong non-EMV core growth and margin expansion. DRB delivered robust growth in the quarter, which highlights the strength of our capital deployment and portfolio strategy to accelerate non-ICE bus Show less Read more
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