Vontier Corp
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
VNT$43.13-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Earnings and Comprehensive Income
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Sales of products | $2,668.4 | $2,778.1 | $2,874.3 |
| Sales of services | 310.6 | 317.1 | 310.1 |
| Total sales | 2,979.0 | 3,095.2 | 3,184.4 |
| Operating costs and expenses: | |||
| Cost of product sales, excluding amortization of acquisition-related intangible assets | (1,354.9) | (1,451.0) | (1,552.5) |
| Cost of service sales, excluding amortization of acquisition-related intangible assets | (200.0) | (213.0) | (203.6) |
| Selling, general and administrative expenses | (629.7) | (643.1) | (627.8) |
| Research and development expenses | (177.7) | (163.5) | (144.6) |
| Amortization of acquisition-related intangible assets | (79.7) | (81.2) | (78.0) |
| Operating profit | 537.0 | 543.4 | 577.9 |
| Non-operating income (expense), net: | |||
| Interest expense, net | (74.7) | (93.7) | (69.6) |
| Gain on sale of business | 37.2 | 34.4 | — |
| Gain on previously held equity interests from combination of business | — | — | 32.7 |
| Unrealized loss on equity securities measured at fair value | — | — | (8.7) |
| Other non-operating expense, net | (1.9) | (0.6) | (4.9) |
| Earnings before income taxes | 497.6 | 483.5 | 527.4 |
| Provision for income taxes | (75.4) | (106.6) | (126.1) |
| Net earnings | $422.2 | $376.9 | $401.3 |
| Net earnings per share: | |||
| Basic | $2.76 | $2.43 | $2.50 |
| Diluted | $2.75 | $2.42 | $2.49 |
| Weighted average shares outstanding: | |||
| Basic | 152.8 | 155.1 | 160.5 |
| Diluted | 153.8 | 156.0 | 161.0 |
| Net earnings | $422.2 | $376.9 | $401.3 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation adjustments | (49.6) | (1.3) | (77.1) |
| Other adjustments | 0.7 | 0.1 | 1.5 |
| Total other comprehensive loss, net of income taxes | (48.9) | (1.2) | (75.6) |
| Comprehensive income | $373.3 | $375.7 | $325.7 |
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