2023-03-23 07:53:24 ET
- Vontier ( NYSE: VNT ) has reaffirmed its outlook for 2023 ahead of its first investor day scheduled today.
- As per its Feb. 16 release, the firm sees total revenue to down low-to-mid-single digits, with core revenue down mid-single digits. Adjusted diluted EPS is estimated between $2.73 and $2.83 vs $2.80 consensus , while baseline adjusted operating profit margin is expected to expand 180 to 200 basis points.
- The company also introduced longer-term financial targets, expecting +4-6% organic revenue growth, double-digit adjusted diluted EPS growth CAGR, 150+ basis points cumulative adjusted operating profit margin expansion through 2026.
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Vontier reaffirms 2023 outlook, outlines long-term targets