Vontier Expects FY24 Sales of $3.040B-$3.100B Vs $3.096B Est, Reiterated Adj EPS of $3.00-$3.15 Vs $3.12 Est
Portfolio Pulse from Benzinga Newsdesk
Vontier forecasts FY24 sales to be between $3.040B and $3.100B, aligning closely with the $3.096B estimate. The company also reiterated its adjusted EPS guidance of $3.00 to $3.15, which is in line with the $3.12 estimate. Key highlights include a core sales growth of 4 to 6%, an adjusted operating profit margin expansion of 80 to 110 basis points year-over-year, and an adjusted free cash flow conversion of approximately 90 to 100%.
May 02, 2024 | 10:37 am
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Vontier expects FY24 sales to range between $3.040B and $3.100B, closely aligning with analyst estimates of $3.096B. The company also reiterated its adjusted EPS forecast of $3.00 to $3.15, matching the $3.12 estimate. This guidance reflects a positive outlook on core sales growth and profit margin expansion.
Vontier's guidance for FY24 indicates a strong financial performance with sales and EPS forecasts closely matching or slightly exceeding analyst expectations. The anticipated core sales growth and profit margin expansion suggest a positive trajectory for the company's financial health, likely leading to a positive short-term impact on its stock price.
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IMPORTANCE 90
RELEVANCE 100