Earnings release
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NONTIER Vontier Reports First Quarter 2021 Results Raleigh , NC , May 6 , 2021 - 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 earnings growth , margin expansion , and free cash flow that exceeded our expectations . I am extremely proud of our team's ability to rigorously navigate supply chain challenges and drive growth with unprecedented working capital efficiency . Given our robust outperformance in the first quarter coupled with profitable growth initiatives momentum and expectations for improved demand , we are raising our full - year 2021 adjusted EPS guidance . " For the second quarter of 2021 , Vontier anticipates diluted net earnings per share to be in the range of $ 0.43 to $ 0.47 and adjusted diluted net earnings per share to be in the range of $ 0.50 to $ 0.54 . For the full year 2021 , Vontier anticipates diluted net earnings per share to be in the range of $ 2.25 to $ 2.35 and adjusted diluted net earnings per share to be in the range of $ 2.55 to $ 2.65 . Mr. Morelli added , “ A greater focus and deeper deployment of the Vontier Business System is the driving force behind our success today and tomorrow . We are confident in our organic and inorganic opportunities and are fully committed to delivering compounding growth and long - term value creation for our customers , communities , and shareholders . ” Vontier will discuss results and outlook during its quarterly investor conference call today starting at 8:00 a.m. ET . The call and an accompanying slide presentation will be webcast on the " Investors " section of Vontier's website , www.vontier.com , under “ Events & Presentations . ” A replay of the webcast will be available at the same location shortly after the conclusion of the presentation . The conference call can be accessed by dialing 833-614-1510 within the U.S. or by dialing 918-922-6514 outside the U.S. a few minutes before 8:00 a.m. ET and notifying the operator that you are dialing in for Vontier's earnings conference call ( access code 1076906 ) . A replay of the conference call will be available shortly after the conclusion of the call . Once available , you can access the conference call replay by dialing 855-859-2056 within the U.S. or 404-537-3406 outside the U.S. ( access code 1076906 ) or visit the " Investors " section of the website under “ Events & Presentations . " 1