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Fleet management firm Vontier's Q2 sales rise 11%

Overview

Vontier Q2 sales rise 11.1% yr/yr

Adjusted EPS for Q2 beats consensus at $0.79, per LSEG data

Co raises full-year adjusted EPS guidance to $3.10-$3.20

Outlook

Company raises full-year adjusted EPS guidance to $3.10-$3.20

Vontier initiates Q3 adjusted EPS guidance of $0.74-$0.78

Company expects total sales of $3,020-$3,070 mln for 2025

Vontier sees adjusted operating profit margin expansion of 20-40bps for 2025

Result Drivers

CONVENIENCE RETAIL PAYMENT - Strong demand for convenience retail payment solutions contributed to core sales growth

FUEL DISPENSING EQUIPMENT - Increased demand for above ground fuel dispensing equipment drove Environmental & Fueling Solutions sales

MACROECONOMIC PRESSURES - Ongoing macroeconomic challenges impacted Repair Solutions segment, affecting discretionary spending

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$773.50 mln$733.60 mln (7 Analysts)
Q2 Adjusted EPSBeat$0.79$0.72 (8 Analysts)
Q2 EPS$0.62
Q2 Net Income$91.90 mln
Q2 Operating Profit$136.40 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell" The average consensus recommendation for the electronic equipment & parts peer group is "buy" Wall Street's median 12-month price target for Vontier Corp is $42.50, about 6.5% above its July 30 closing price of $39.74 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nBw3ZBHvna (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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