Vontier Corp. (VNT) Acquires Invenco; Reports Q2
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Vontier Reports Second Quarter Results and Announces Agreement to Acquire Invenco
August 4, 2022 6:00 AM EDTSECOND QUARTER HIGHLIGHTS
Strong execution, price and cost performance, and capital allocation drove GAAP EPS of $0.21; Adjusted EPS of $0.72, up 18% Q2 revenue growth of 7% up 2% core, ahead of expectations, reflects double-digit growth at DRB and Environmental Adjusted gross margin expanded 100 basis points driven by price and strong demand for Retail Solutions Reiterates expectations for full-year 2022 GAAP EPS of $3.30 - $3.40 and Adjusted EPS of $3.20 - $3.30, up 11-15%, despite supply chain, inflationary, FX and interest headwindsBOLT-ON ACQUISITION HIGHLIGHTS
Agreement to acquire leading global provider of open platform... More