Earnings release
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NONTIER Vontier Reports Third Quarter 2021 Results Raleigh , NC , November 4 , 2021 - Vontier Corporation ( “ Vontier ” ) ( NYSE : VNT ) today announced results for the third quarter 2021 . For the third quarter ended October 1 , 2021 , net earnings were $ 127.3 million and adjusted net earnings were $ 136.6 million . For the third quarter ended October 1 , 2021 , diluted net earnings per share were $ 0.75 and adjusted diluted net earnings per share were $ 0.80 . For the third quarter of 2021 , revenue increased 2.9 % year - over - year to $ 768.5 million , which reflected an increase in core revenue of 0.8 % . Mark D. Morelli , President and Chief Executive Officer , stated , “ The team's exceptional execution delivered another quarter exceeding our guidance on all metrics despite a very challenging and well- documented backdrop . This strong performance reflects the actions by our team to prioritize serving the needs of our customers in a robust demand environment while navigating unprecedented supply headwinds . I'd like to thank our employees for their dedication and tireless efforts . " For the fourth quarter of 2021 , Vontier anticipates diluted net earnings per share to be in the range of $ 0.65 to $ 0.69 and adjusted diluted net earnings per share to be in the range of $ 0.77 to $ 0.81 . For the full year 2021 , Vontier anticipates diluted net earnings per share to be in the range of $ 2.42 to $ 2.46 and adjusted diluted net earnings per share to be in the range of $ 2.82 to $ 2.86 . Mr. Morelli added , “ In the third quarter , we successfully closed the acquisition of DRB , marking an important milestone towards diversifying our portfolio . I'm excited about the depth of data analytics experience and digital expertise that the DRB team brings - and about Vontier's opportunities to build better teams , better innovation , and a better planet . We are well - positioned to deliver sustainable mobility solutions to market . Our track record of transformation and strong cash generation drive our long - term value creation flywheel and we are committed to staying laser focused on delivering more profitable growth and compounding returns . ” 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 866-831-8713 within the U.S. or by dialing 203-518-9822 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 7345618 ) . 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 800-938-1603 within the U.S. or 402-220-1549 outside the U.S. ( access code 7345618 ) or visit the " Investors " section of the website under " “ Events & Presentations . " 1