Vontier Q3 sales and adjusted EPS beat analyst estimates

Overview

• US industrial technology firm's Q3 sales fell 2.1% yr/yr but beat analyst expectations

• Adjusted EPS for Q3 rose and beat analyst expectations

• Company repurchased 2.6 mln shares for $80 mln in Q3

Outlook

• Vontier raises FY 2026 adjusted diluted net EPS guidance to $3.60-$3.64

• Vontier sees Q4 adjusted diluted net EPS of $0.99 to $1.03

• Vontier expects FY 2026 sales of about $3.03 bln, core sales growth midpoint of 3%

Result Drivers

• CONVENIENCE RETAIL DEMAND - Co said core sales growth was driven by strong demand in convenience retail-facing businesses

• FUELING & ENVIRONMENTAL EQUIPMENT - Segment growth led by demand for fuel dispensing, environmental equipment and aftermarket parts

• COST SAVINGS - Margin expansion in Mobility Technologies segment attributed to cost savings from simplification initiatives

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Vontier Corporation is $39.50, about 5.1% above its November 4 closing price of $37.58

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads

• Nov 3 - Eaton Q3 sales, EPS beat estimates on strong demand

• Nov 4 - W W Grainger beats Q3 sales and adjusted EPS estimates, raises outlook

• Nov 4 - Emerson Electric Q4 sales beat estimates on broad-based demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)