Strong Fourth Quarter Performance
Vontier delivered top- and bottom-line results above the midpoint of guidance with 3.5% core growth in Q4 and bookings up 9% organically.
Growth in Environmental & Fueling Solutions
The Environmental & Fueling Solutions segment achieved nearly 11% core growth in Q4, with global dispenser equipment sales growing high-single-digits.
Mobility Technologies Advancement
Mobility Technologies saw a 3% core sales increase, with Invenco leading the way, showcasing strong demand for FlexPay6 and Unified Payment Solutions.
Operational and Margin Improvements
Operating margin in the Environmental & Fueling Solutions segment increased 110 basis points for the full year 2024.
Successful Cost Optimization
The company achieved cost optimization benefits that offset margin headwinds from mix, with significant progress on product line simplification.