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Vontier Corporation is a global industrial technology company focused on uniting productivity, automation, and multi-energy technologies to address the needs of a rapidly evolving, more connected mobility ecosystem. The company leverages its leading market positions, decades of domain expertise, and broad portfolio to deliver smart, safe, and sustainable solutions to customers and the planet. Vontier emphasizes a culture of continuous improvement and innovation, supported by the Vontier Business System and embraced by its global workforce.
- Environmental & Fueling Solutions - Provides environmental and fueling hardware and software, offering aftermarket solutions for global fueling infrastructure.
- Mobility Technologies - Provides digitally enabled equipment and solutions to support efficient operations across the mobility ecosystem, including point-of-sale and payment systems, workflow automation solutions, telematics and data analytics, software platforms for electric vehicle charging networks, and integrated solutions for alternative fuel dispensing.
- Repair Solutions - Manufactures and distributes aftermarket vehicle repair tools, toolboxes, automotive diagnostic equipment, and software, distributed through a network of mobile franchisees.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Mark D. Morelli ExecutiveBoard | President and Chief Executive Officer | Director at Xylem Inc. (Chair of Leadership Development and Compensation Committee; Audit Committee member) | Mark D. Morelli has served as President and Chief Executive Officer of Vontier Corporation since January 2020 and as a Director on the Board since October 2020. | View Report → |
Anshooman Aga Executive | Senior Vice President and Chief Financial Officer | Anshooman Aga is the Senior Vice President and Chief Financial Officer at Vontier Corporation since August 2022. Previously, he held executive roles at Harsco Corporation, Cubic Corporation, AECOM, and Siemens. | ||
Kathryn K. Rowen Executive | Senior Vice President, Chief Administrative Officer | Kathryn K. Rowen is the Senior Vice President, Chief Administrative Officer at VNT since January 2024, with extensive leadership experience including roles as Chief Legal and Sustainability Officer from June 2023 to January 2024, Chief Legal and Administrative Officer from January 2022 to June 2023, and General Counsel from September 2020 to January 2022. She has built a solid background in legal, administrative, and sustainability functions contributing to VNT's strategic growth. |
- How will the assumed 1% price increase hold up against potential volatility from tariffs and geopolitical risks, and what mechanisms do you have in place to adjust your pricing strategy if market conditions shift unexpectedly?
- Given your recent prebuy activities in China and Mexico, could you elaborate on how these supply chain adjustments are mitigating tariff risks without compromising your cost structure and overall margin performance?
- With the Matco Expo shifting from Q1 to Q2 and impacting both revenue and margins, how do you plan to balance the volume boost against the mix headwinds in repair solutions, and what contingency plans exist if Q2 margins deteriorate further?
- Amid longer sales cycles and the challenge of lapped tough comparisons, what specific strategies are you implementing to sustain the double-digit orders growth in the Invenco business and ensure momentum carries into 2025?
- In light of increased R&D investments, can you clarify how you expect the trend of R&D spending as a percentage of revenue to evolve, and what measures are in place to ensure that these investments translate into meaningful margin improvements?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Invenco | 2022 | Completed on August 31, 2022, this acquisition was valued at $83.1 million net of cash received with contingent consideration (initially $6.1M but potentially up to $100M), strategically diversifying Vontier’s digital and payment solutions portfolio by integrating technology (including a $33M goodwill allocation and $35.7M in technology-related intangibles) that is expected to drive recurring revenue growth (contributing about $60M in 2023). |
Sparkion | 2022 | Acquired on February 24, 2022 as part of a combined deal worth approximately $190 million with Driivz, Sparkion is an early-stage battery energy storage solution software company that enhances Vontier’s e-mobility and portfolio diversification strategy. |
Driivz | 2022 | Completed on February 7, 2022 for $152.6 million net of cash received (after remeasuring Vontier’s prior 19% stake), Driivz is a cloud-based subscription software platform for EV charging infrastructure, providing capabilities in operations management, energy optimization, billing, and access to over 100,000 charging points to support Vontier’s e-mobility strategy. |
Two Other Businesses | 2022 | Acquired for $45.5 million net of cash received (including $4.5 million in contingent consideration based on future revenues), this deal supports Vontier’s portfolio diversification into new end markets, and the final purchase price allocations will be completed within a year per GAAP. |
Recent press releases and 8-K filings for VNT.
- Margin Expansion Guidance: The company reaffirmed its plan for 150 bps margin expansion by 2026, with current improvements driven by the Mobility Technologies business and operational simplification efforts.
- Retail Solutions & Dispenser Business: Executives highlighted strong momentum in retail point-of-sale systems, emphasizing win opportunities with large chains like Chevron and Shell, and noted a gradual refresh in the fuel dispenser replacement cycle with healthy aftermarket growth.
- International Growth & Innovation: The call underscored progress in international markets such as India, where localized manufacturing and product innovation are supporting competitive tender wins, along with broader regulatory-driven upgrades in fueling infrastructure.
- High-Margin Software & Alternative Fuels: Updates on asset-light businesses, including the Driivz software expected to hit a $50M breakeven target by 2026 and expansion in the ANGI platform for decarbonizing fleet operations, indicate solid revenue inflection moving forward.
- Executives discussed strong demand for new builds in the convenience retail segment and noted steady growth prospects in repair and car wash markets despite seasonality and inflation pressures.
- They highlighted historical seasonality with approximately 48% of revenue in the first half and emphasized ongoing investments in innovation areas such as Invenco and diagnostic solutions.
- The team reaffirmed their operational goals, targeting 150 basis points margin expansion and mid-single-digit revenue growth for 2026, while maintaining a dynamic capital allocation approach focused on M&A and share buybacks.
- Connected Mobility strategy is gaining traction with progress in digital solutions such as the Invenco platform and FlexPay 6 rollout, evidenced by strong bookings growth and accelerated deployments with major partners like Shell, Chevron, and Costco.
- Book-to-bill remains robust with guidance suggesting Q1 levels around 1, underscoring solid performance in the convenience retail and fueling segments.
- Margin improvement and simplification initiatives are underway, with efforts to streamline product lines and enhance profitability through self-help programs and focused cost reduction.
- EV strategy expansion is highlighted by the Drives platform, which now manages nearly 110,000 plugs and is projected to grow into a $50 million SaaS business by 2026.
- Vontier Corp filed an 8-K on February 12, 2025, announcing its First Amendment to the Term Loan Agreement with modifications to its existing credit facility.
- The amendment involves the structured reassignment of loans, with departing lenders being paid in full on the Amendment Effective Date and new lenders joining the agreement.
- The filing includes related exhibits, such as the First Amendment and the Second Amended and Restated Credit Agreement, which provide further detail on the facility adjustments.
- Q4 2024 Performance: Reported sales of $777M (down 1.5% YoY) with 3.5% core growth, GAAP diluted EPS of $0.82 and adjusted EPS of $0.80, plus robust free cash flow of $155M
- Full Year 2024 Highlights: Achieved sales of $2,979M, GAAP diluted EPS of $2.75, and adjusted EPS of $2.89, along with $225M in share repurchases and $150M in debt reduction
- Q1 & 2025 Guidance: Provided Q1 adjusted EPS guidance of $0.71–$0.74 and Q1 sales guidance of $715–$730M with a full-year sales outlook of $2,970–$3,050M and adjusted EPS guidance of $3.00–$3.15
- Segment & Operational Highlights: Environmental & Fueling delivered nearly 11% core growth with 28.6% margins, while Mobility Technologies recorded strong double-digit growth driven by new product launches, supported by 9% organic bookings growth and a maintained book-to-bill ratio above 1
- Outlook: Management is focused on cost optimization and product line simplification to drive margin expansion and sustainable earnings growth in 2025