Vontier Corp Expects Q4 Total Sales Down Low-Double Digits Vs $801.85M Est, Adj EPS $0.75-$0.79 Vs $0.82 Est; FY23 Total Sales Down Low-Single Digits Vs $3.09B Est, Adj EPS $2.83-$2.87 (Prior $2.79-$2.87) Vs $2.85 Est

Author: Benzinga Newsdesk | November 02, 2023 06:38am

2023 Outlook

• Total sales down low-single digits; Core sales down low-single digits; Baseline* core sales growth of high-single digits
• Adjusted operating profit margin down ~80 basis points; Baseline* adjusted operating profit margin expansion of ~180 basis points
• Adjusted diluted EPS in the range of $2.83 to $2.87, compares to the prior range of $2.79 to $2.87
• Adjusted free cash flow conversion of ~90-100%

Q4 2023 Outlook

• Total sales down low-double digits; Core sales down high-single digits to low-double digits; Baseline* core sales growth of low-to-mid-single digits
• Adjusted operating profit margin expansion of 90 to 130 basis points year-over-year; Baseline* adjusted operating profit margin expansion of 350 to 390 basis points year-over-year
• Adjusted diluted EPS of $0.75 to $0.79

Posted In: VNT