Vontier Company (VNT), a number one international supplier of vital applied sciences and options to attach, handle and scale the mobility ecosystem, immediately introduced a brand new phase reporting construction to align with its technique, higher mirror the varied finish markets it serves and supply better transparency into its companies. Beginning with its first quarter 2023 earnings announcement, the corporate will report its monetary outcomes primarily based on the next enterprise segments:

Mobility Applied sciences gives digitally enabled tools and options to help environment friendly operations throughout the mobility ecosystem. Choices embody point-of-sale and fee programs, IoT-based fleet telematics and workflow automation options, knowledge analytics, working software program for electrical automobile charging networks, and built-in options for different gasoline allotting. Mobility Applied sciences consists of Vontier’s Retail Options, DRB, Teletrac Navman, ANGI, and Driivz companies.

Restore Options contains the Matco enterprise, a number one producer and distributor of aftermarket automobile restore instruments, toolboxes, automotive diagnostic tools and software program via a strong community of cellular franchisees.

Environmental & Fueling Options gives best-in-class environmental, fueling {hardware} and software program, and aftermarket options for international fueling infrastructure and contains the Gilbarco Veeder-Root enterprise.

Different consists of the corporate’s International Visitors Applied sciences and Coats (Hennessy) companies, that are reported as belongings held on the market, as beforehand communicated.

“As Vontier continues its transformation journey as a frontrunner within the mobility ecosystem, we’re excited to unveil our new reporting construction, which aligns with our strategic imaginative and prescient for the corporate and successfully positions our manufacturers and product capabilities to ship enhanced worthwhile development and shareholder worth. Our management group is empowered to craft and execute focused methods to seize increasing market potential and propel our enterprise ahead, delivering even stronger outcomes for our stakeholders,” acknowledged Mark D. Morelli, President and CEO. “Our experience and capabilities throughout these segments, coupled with our unwavering dedication to innovation and customer-centric options, uniquely positions us to guide the mobility trade evolution and drive transformative change.”

Extra element to be offered at Vontier’s Investor Day on March 23, 2023.

Quarterly and annual gross sales by phase for the yr ended December 31, 2022 was as follows:

Quarterly and annual working revenue, working revenue margin, phase working revenue, phase working revenue margin, adjusted working revenue and adjusted working revenue margin for the yr ended December 31, 2022 had been as follows:

ABOUT VONTIER

Vontier is a world industrial expertise firm on the forefront of fixing next-gen mobility challenges. Guided by the Vontier Enterprise System and an unwavering dedication to our prospects, Vontier delivers sensible, sustainable options for the highway forward. To study extra, go to www.vontier.com.

VONTIER CORPORATION AND SUBSIDIARIES
NON-GAAP FINANCIAL MEASURES

Along with the monetary measures ready in accordance with typically accepted accounting rules (GAAP), this earnings launch additionally references “adjusted working revenue,” “adjusting working revenue margin,” “phase working revenue,” and “phase working revenue margin,” that are non-GAAP monetary measures. We current these measures as a result of we imagine they help buyers and analysts in evaluating our working efficiency throughout reporting intervals on a constant foundation by excluding objects that we don’t imagine are indicative of our core working efficiency. Administration believes these measures are useful in highlighting traits in our working outcomes, whereas different measures can differ considerably relying on long-term strategic choices concerning capital construction and allocation and investments. The non-GAAP monetary measures shouldn’t be thought-about in isolation or as an alternative choice to the GAAP monetary measures, however ought to as an alternative be learn along with the GAAP monetary measures. The non-GAAP monetary measures utilized by Vontier on this launch could also be totally different from similarly-titled non-GAAP measures utilized by different corporations.

Adjusted working revenue refers to working revenue calculated in accordance with GAAP, however excluding amortization of acquisition-related intangible belongings, restructuring prices and different termination prices and severance advantages (“Restructuring prices”), transaction- and deal-related prices, amortization of acquisition-related stock truthful worth step-up, different prices which symbolize prices incurred that aren’t a part of our core working outcomes (“Different prices”), the influence of sure divested companies, or product strains or companies to be deserted however not thought-about discontinued operations (“Divestiture associated changes”), loss on sale of property, asset impairments, one-time prices associated to the separation and normalization and different changes which symbolize changes for standalone public firm prices. Adjusted working revenue margin refers to adjusted working revenue divided by GAAP gross sales.

Phase working revenue is utilized by Vontier’s administration in figuring out easy methods to allocate sources and assess efficiency. Phase working revenue represents complete phase gross sales much less working prices attributable to the phase, which doesn’t embody unallocated company prices and different working prices not allotted to the reportable segments as a part of administration’s evaluation of reportable phase working efficiency, together with stock-based compensation expense, amortization of intangible belongings and different prices proven within the reconciliation to GAAP working revenue under. As a part of administration’s evaluation of the Restore Options phase, a capital cost primarily based on the phase’s financing receivables portfolio is allotted from Company. Phase working revenue margin refers to phase working revenue divided by GAAP gross sales.

Reconciliation of Working Revenue to Adjusted Working Revenue and Phase Working Revenue

FORWARD-LOOKING STATEMENTS

This launch incorporates forward-looking statements inside the that means of the federal securities legal guidelines. These statements embody, however are usually not restricted to statements concerning Vontier Company’s (the “Firm’s”) enterprise and acquisition alternatives and anticipated earnings, and some other statements recognized by their use of phrases like “anticipate,” “count on,” “imagine,” “outlook,” “steerage,” or “will” or different phrases of comparable that means. There are a variety of necessary dangers and uncertainties that would trigger precise outcomes, developments and enterprise choices to vary materially from these steered or indicated by such forward-looking statements and you shouldn’t place undue reliance on any such forward-looking statements. These dangers and uncertainties embody, amongst different issues, the impact of the COVID-19 pandemic on our international operations, deterioration of or instability within the economic system, the markets we serve, worldwide commerce insurance policies and the monetary markets, contractions or decrease development charges and cyclicality of markets we serve, competitors, adjustments in trade requirements and governmental rules which will adversely influence demand for our merchandise or our prices, our potential to efficiently establish, consummate, combine and understand the anticipated worth of acceptable acquisitions and efficiently full divestitures and different inclinations, our potential to develop and efficiently market new merchandise, software program, and companies and develop into new markets, the potential for improper conduct by our workers, brokers or enterprise companions, influence of divestitures, contingent liabilities referring to acquisitions and divestitures, influence of adjustments to tax legal guidelines, our compliance with relevant legal guidelines and rules and adjustments in relevant legal guidelines and rules, dangers referring to worldwide financial, political, warfare or hostility, authorized, compliance and enterprise components, dangers referring to potential impairment of goodwill and different intangible belongings, foreign money change charges, tax audits and adjustments in our tax price and revenue tax liabilities, the influence of our debt obligations on our operations, litigation and different contingent liabilities together with mental property and environmental, well being and security issues, our potential to adequately defend our mental property rights, dangers referring to product, service or software program defects, product legal responsibility and remembers, dangers referring to product manufacturing, {our relationships} with and the efficiency of our channel companions, commodity prices and surcharges, our potential to regulate purchases and manufacturing capability to mirror market circumstances, reliance on sole sources of provide, safety breaches or different disruptions of our info expertise programs, hostile results of restructuring actions, influence of adjustments to U.S. GAAP, labor issues, and disruptions referring to man-made and pure disasters. Extra info concerning the components which will trigger precise outcomes to vary materially from these forward-looking statements is out there in our SEC filings, together with our Annual Report on Type 10-Okay for the yr ended December 31, 2022. These forward-looking statements symbolize Vontier’s beliefs and assumptions solely as of the date of this launch and Vontier doesn’t assume any obligation to replace or revise any forward-looking assertion, whether or not on account of new info, future occasions and developments or in any other case.

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Ryan Edelman

Vice President, Investor Relations

Vontier Company

5438 Wade Park Blvd, Suite 600

Raleigh, NC 27607

Phone: (984) 238-1929

Supply: Vontier Company