Vontier (VNT) Q1 2026 earnings summary

Executive summary

• Q1 2026 sales grew 1.3% year-over-year to $750.6–$751 million, with core sales up 1.7% and strong performance in Environmental & Fueling Solutions, while Mobility Technologies and Repair Solutions saw slight declines.

• Adjusted diluted EPS was $0.80, up 4% year-over-year; GAAP diluted EPS was $0.66.

• Operating profit rose 3.6% to $134.8 million, while adjusted operating margin declined 70 basis points due to mix and R&D timing.

• Announced the sale of Teletrac Navman for $220 million, retaining a 30% equity stake, with closure expected in June and an anticipated loss of $60–110 million in Q2.

• Repurchased 1.8 million shares for $70 million in Q1 and paid $0.025 per share in dividends.

Financial highlights

• Revenue reached $750.6–$751 million, with core sales growth of 1.7% year-over-year.

• Adjusted operating profit margin was 21.0%, down 70bps YoY; operating profit margin increased 40bps to 18.0%.

• Adjusted free cash flow was $28 million, with conversion at 24.6–25%, impacted by bond interest and payroll timing.

• Net earnings were $94.3 million; adjusted net earnings were $113.6 million.

• Cash and cash equivalents stood at $233.8 million at quarter-end.

Outlook and guidance

• Full-year 2026 sales guidance updated to $2,990–$3,040 million, reflecting the Teletrac divestiture.

• Adjusted diluted EPS guidance reaffirmed at $3.35–$3.50, with free cash flow conversion targeted at ~95%.

• Q2 2026 sales expected at $730–$740 million, with adjusted EPS of $0.78–$0.81.

• Core sales growth for FY 2026 expected at ~3%, with adjusted operating profit margin expansion of ~130bps.

• Approximately 70% of remaining performance obligations expected to be fulfilled within two years.