Vontier Corp (NYSE:VNT)
$ 39.145 0.355 (0.92%) Market Cap: 6.03 Bil Enterprise Value: 7.88 Bil PE Ratio: 14.16 PB Ratio: 6.14 GF Score: 78/100
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Vontier Corp at Barclays Industrials Select Conference Transcript

Feb 22, 2023 / 06:50PM GMT
Release Date Price: $25.68 (+0.63%)
Julian C.H. Mitchell
Barclays Bank PLC, Research Division - Research Analyst

Well, thanks very much, everyone, for being here. Up next, it's my pleasure to introduce Mark Morelli, President and CEO of Vontier; and Anshooman Aga, our Chief Financial Officer. We're looking forward to the Investor Day in a month. And maybe first off, Mark, over to you for just some introductory commentary.

Mark D. Morelli
Vontier Corporation - President, CEO & Director

Yes. Thank you, Julian. We're happy to be here. Just a little reflection. We finished Q4 with strong results, and we got really good momentum going into 2023. Our top line demonstrated really good execution with organic growth for ex-EMV of 11%, and we had high-teens bookings on ex-EMV which bodes well as we enter into 2023. Encouragingly, cash flow in the quarter has improved, and we're looking at a 90% to 100% free cash flow conversion in 2023.

Importantly, in Q4, we sunset the EMV upgrade cycle that we've been talking about now for years, and 2023 will be our trough year on that. And I also think

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