Earnings release
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VONTIER Vontier Reports Second Quarter 2021 Results Raleigh , NC , August 6 , 2021 - Vontier Corporation ( “ Vontier ” ) ( NYSE : VNT ) today announced results for the second quarter 2021 . For the second quarter ended July 2 , 2021 , net earnings were $ 82.3 million and adjusted net earnings were $ 104.4 million . For the second quarter ended July 2 , 2021 , diluted net earnings per share were $ 0.48 and adjusted diluted net earnings per share were $ 0.61 . For the second quarter of 2021 , revenue increased 35.8 % year - over - year to $ 724.6 million , which reflected an increase in core revenue of 32.7 % . Mark D. Morelli , President and Chief Executive Officer , stated , “ The team's continued strong execution and rigorous application of the Vontier Business System delivered another quarter exceeding our expectations on all metrics with 33 % core revenue growth , substantial operating margin expansion and 69 % adjusted earnings per share growth . Robust order growth , healthy secular trends , and our second quarter performance position us for another quality increase to our full - year 2021 outlook . ” For the third quarter of 2021 , Vontier anticipates diluted net earnings per share to be in the range of $ 0.63 to $ 0.66 and adjusted diluted net earnings per share to be in the range of $ 0.71 to $ 0.74 . For the full year 2021 , Vontier anticipates diluted net earnings per share to be in the range of $ 2.39 to $ 2.44 and adjusted diluted net earnings per share to be in the range of $ 2.77 to $ 2.82 . Mr. Morelli added , “ In addition to the strong second quarter results , I'm also very pleased with the progress the team has made on our highest impact strategic priorities . Our profitable growth initiatives are delivering ahead of plan , and we substantially accelerated our portfolio diversification strategy with our recent announcement to acquire DRB Systems , LLC . Our work continues ; we remain committed to investing in our organic and inorganic opportunities , driving accelerated growth and creating value as we continue our transformation . " 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 866-342-8588 within the U.S. or by dialing 203-518-9865 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 8317745 ) . 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 800-839-4897 within the U.S. or 402-220-2683 outside the U.S. ( access code 8317745 ) or visit the " Investors " section of the website under “ Events & Presentations . " 1