Vontier Corp FY24 Outlook: Sees Sales Of $2.955B-$2.985B (Prior $2.90B-$3.00B) Vs. 2.95B Estimate, Projects Adjusted EPS Of $2.86-$2.92 (Prior $2.80-$3.00) Vs. $2.85 Estimate
Portfolio Pulse from Benzinga Newsdesk
Vontier Corp has updated its FY24 outlook, projecting sales between $2.955B and $2.985B, slightly narrowing its previous range. The company expects adjusted EPS to be between $2.86 and $2.92, with a flat operating profit margin year-over-year. Q4 sales are expected to be around $770 million.
October 31, 2024 | 10:39 am
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Vontier Corp has slightly adjusted its FY24 sales and EPS outlook, with sales now expected between $2.955B and $2.985B and EPS between $2.86 and $2.92. The operating profit margin is expected to remain flat year-over-year.
The updated outlook shows a slight narrowing of the sales range and a more precise EPS estimate, indicating stable expectations. The flat operating profit margin suggests no significant change in profitability. This news is neutral as it aligns closely with previous estimates and market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100