Vontier Corp. (VNT) Tops Q1 EPS by 85c

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Go back to Vontier Corp. (VNT) Tops Q1 EPS by 85c

Vontier Reports First Quarter Results

May 5, 2022 6:00 AM EDT

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... More