Vontier Corp Files 2024 10-K

TL;DR

Vontier filed its 2024 10-K. Check financials.

AI Summary

Vontier Corporation filed its 2024 10-K on February 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly TTF Holdings Corp., is incorporated in Delaware and operates in the totalizing fluid meters & counting devices sector. Vontier's principal executive offices are located at 5438 Wade Park Blvd., Suite 600, Raleigh, NC.

Why It Matters

This filing provides a comprehensive overview of Vontier's financial performance and business operations for the fiscal year 2024, crucial for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Players & Entities

• Vontier Corp (company) — Filer of the 10-K
• TTF Holdings Corp. (company) — Former name of Vontier Corp
• 2024-12-31 (date) — Fiscal year end
• 2025-02-13 (date) — Filing date
• 5438 Wade Park Blvd., Suite 600, Raleigh, NC (location) — Business address

FAQ

Key Financial Figures

• $0.0001 — ich registered Common stock, par value $0.0001 per share VNT New York Stock Exchange
• $702.4 million — og as of December 31, 2024 and 2023 was $702.4 million and $626.0 million, respectively. We ex
• $626.0 m — 1, 2024 and 2023 was $702.4 million and $626.0 million, respectively. We expect that a m

Filing Documents

• vnt-20241231.htm (10-K) — 2350KB
• a20241231-ex107.htm (EX-10.7) — 316KB
• a20241231-ex1010.htm (EX-10.10) — 115KB
• a20241231-ex211.htm (EX-21.1) — 58KB
• a20241231-ex221.htm (EX-22.1) — 4KB
• a20241231-ex231.htm (EX-23.1) — 4KB
• a20241231-ex311.htm (EX-31.1) — 11KB
• a20241231-ex312.htm (EX-31.2) — 11KB
• a20241231-ex321.htm (EX-32.1) — 6KB
• a20241231-ex322.htm (EX-32.2) — 6KB
• vnt-20241231_g1.jpg (GRAPHIC) — 259KB
• 0001786842-25-000008.txt ( ) — 15028KB
• vnt-20241231.xsd (EX-101.SCH) — 70KB
• vnt-20241231_cal.xml (EX-101.CAL) — 138KB
• vnt-20241231_def.xml (EX-101.DEF) — 418KB
• vnt-20241231_lab.xml (EX-101.LAB) — 1014KB
• vnt-20241231_pre.xml (EX-101.PRE) — 760KB
• vnt-20241231_htm.xml (XML) — 2598KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 8 Item 1B. Unresolved Staff Comments 22 Item 1C. Cybersecurity 22 Item 2.

Properties

Properties 23 Item 3.

Legal Proceedings

Legal Proceedings 23 Item 4. Mine Safety Disclosures 23 Executive Officers of the Registrant 24 Part II Item 5 . Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 25 Item 6. [Reserved] 26 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A .

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 40 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 83 Item 9A.

Controls and Procedures

Controls and Procedures 83 Item 9B. Other Information 83 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 83 Part III Item 10. Directors, Executive Officers and Corporate Governance 83 Item 11.

Executive Compensation

Executive Compensation 84 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 84 Item 13. Certain Relationships and Related Transactions, and Director Independence 84 Item 14. Principal Accountant Fees and Services 84 Part IV Item 15. Exhibit and Financial Statement Schedules 85 Item 16. Form 10-K Summary 85

Signatures

Signatures 88 1 Table of Contents INFORMATION RELATING TO FORWARD-LOOKING STATEMENTS Certain statements included in this Form 10-K are "forward-looking statements" within the meaning of the United States federal securities laws. All statements other than historical factual information are forward-looking statements, including without limitation statements regarding: future financial performance, core sales, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, our liquidity position or other financial measures; our management's plans and strategies for future operations, including statements relating to anticipated operating performance, cost reductions, restructuring activities, shifts in product mix, new product and service developments, competitive strengths or market position, acquisitions and the integration thereof, divestitures, spin-offs, split-offs or other distributions, strategic opportunities, securities offerings, stock repurchases, dividends and executive compensation; growth, declines and other trends in markets we sell into; new or modified laws, regulations, governmental policies, and accounting pronouncements; future regulatory approvals and the timing thereof; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; future foreign currency exchange rates and fluctuations in those rates; general economic and capital markets conditions; the anticipated timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that we intend or believe will or may occur in the future. Terminology such as "believe," "anticipate," "will," "should," "could," "intend," "plan," "expect," "estimate," "project," "target," "may," "possible," "potential," "forecast" and "positioned" and similar references to future periods are intended to identify forward-looking statements, although not all forward-looki

BUSINESS

ITEM 1. BUSINESS General Vontier Corporation ("Vontier," the "Company," "we," or "our") is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves, delivering smart, safe and sustainable solutions to our customers and the planet. Vontier Corporation is a Delaware corporation that was incorporated in 2019 in connection with the separation of Vontier from Fortive Corporation ("Fortive") on October 9, 2020, as an independent, publicly-traded company. In this Annual Report on Form 10-K, the terms "Vontier" or the "Company" refer to either Vontier Corporation or to Vontier Corporation and its consolidated subsidiaries, as the context requires. We are headquartered in Raleigh, North Carolina and serve end markets across the mobility ecosystem, including convenience retail and fueling, fleets and auto repair, marketing our products and services to retail and commercial fueling operators, convenience store operators, car wash operators, commercial vehicle repair businesses, fleet owners/operators and electric vehicle charging network operators on a global basis. Our research and development, manufacturing, sales, distribution, service and administration operations are located in approximately 25 countries primarily across North America, Asia Pacific, Europe and Latin America. We are guided by our shared purpose to mobilize the future to create a better world and are united by a culture of continuous improvement and bias for actions that embody the Vontier Business System ("VBS"). Through rigorous application of our proprietary VBS set of growth, lean, and leadership tools and processes, we continuously improve business performance in the critical areas of innovation, product development and commercializat

View Full Filing

View this 10-K filing on SEC EDGAR