Vontier Beats Q1, Sells Teletrac, Guides Lower

Vontier exceeds Q1 revenue expectations, hits $750.6M, up 1.3% YoY, topping analyst forecasts by 1.8%. Adjusted EBITDA at $172.3M, slightly missing estimates but with a robust 23% margin. Environmental & Fueling Solutions segment thrives with double-digit growth. Teletrac unit sold, keeping 30% stake for buybacks. Stock drops pre-earnings due to product mix issues and R&D spending. Second quarter revenue guidance at $735M, below analyst expectations, but full-year adjusted EPS held at $3.43. Cost cuts targeting $15M annually planned, aiding margins amid uneven demand. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a5ef655035f93d2b