v3.25.2
Segment Information
 6 Months Ended
Jun. 27, 2025
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The President and CEO of Vontier has been identified as the Company’s chief operating decision maker (“CODM”). Segment operating profit is used as a performance metric by the CODM in determining how to allocate resources and assess performance. Segment operating profit represents total segment sales less operating costs attributable to the segment, which does not include unallocated corporate costs and other operating costs not allocated to the reportable segments as part of the CODM’s assessment of reportable segment operating performance, including amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other related charges and other unallocated income or expense not indicative of the segment’s core operating performance. Corporate costs represent general and administrative expenses for the Company’s corporate functions, including transaction and deal-related costs.
As part of the CODM’s assessment of the Repair Solutions segment, a capital charge calculated based on the segment’s average gross outstanding financing receivables portfolio during the period and an estimated weighted average cost of capital is assessed by Corporate (the “Repair Solutions Capital Charge”).
The CODM does not regularly review any expenses on a segment basis. The CODM is regularly provided with actual and forecasted bookings and sales, and the related core growth for each, and segment operating profit and the related margin on a segment basis to assess segment performance. The CODM also reviews prior forecast to current forecast variances for bookings, sales and segment operating profit as part of the assessment of segment performance.
Intersegment sales primarily result from solutions developed by the Mobility Technologies segment that are integrated into products sold by the Environmental & Fueling Solutions segment. Intersegment sales are recorded at cost plus a margin which is intended to reflect the contribution made by the Mobility Technologies segment. Segment operating profit includes the operating profit from intersegment sales.
The Company’s CODM does not review any information regarding total assets on a segment basis.
Segment results for the three months ended June 27, 2025 were as follows:
($ in millions)Mobility TechnologiesRepair SolutionsEnvironmental & Fueling SolutionsEliminationsTotal
Sales of products and services (a)
$261.1 $150.8 $361.6 $— $773.5 
Intersegment sales19.1 — — (19.1)— 
Total sales280.2 150.8 361.6 (19.1)773.5 
Operating costs and expenses:
Other segment items(226.7)(119.4)(255.9)19.1 (582.9)
Segment operating profit$53.5 $31.4 $105.7 $— $190.6 
(a) Repair Solutions includes interest income related to financing receivables of $18.6 million.
Segment results for the three months ended June 28, 2024 were as follows:
($ in millions)Mobility TechnologiesRepair SolutionsEnvironmental & Fueling SolutionsEliminationsTotal
Sales of products and services(a)
$234.4 $150.8 $311.2 $— $696.4 
Intersegment sales3.2 — — (3.2)— 
Total sales237.6 150.8 311.2 (3.2)696.4 
Operating costs and expenses:
Other segment items(196.4)(118.7)(221.9)3.2 (533.8)
Segment operating profit$41.2 $32.1 $89.3 $— $162.6 
(a) Repair Solutions includes interest income related to financing receivables of $19.6 million.
Segment results for the six months ended June 27, 2025 were as follows:
($ in millions)Mobility TechnologiesRepair SolutionsEnvironmental & Fueling SolutionsEliminationsTotal
Sales of products and services (a)
$519.4 $303.8 $691.4 $— $1,514.6 
Intersegment sales31.3 — — (31.3)— 
Total sales550.7 303.8 691.4 (31.3)1,514.6 
Operating costs and expenses:
Other segment items(445.3)(239.2)(488.2)31.3 (1,141.4)
Segment operating profit$105.4 $64.6 $203.2 $— $373.2 
(a) Repair Solutions includes interest income related to financing receivables of $36.9 million.
Segment results for the six months ended June 28, 2024 were as follows:
($ in millions)Mobility TechnologiesRepair SolutionsEnvironmental & Fueling SolutionsOtherEliminationsTotal
Sales of products and services(a)
$475.5 $333.2 $642.2 $1.3 $— $1,452.2 
Intersegment sales4.8 — — — (4.8)— 
Total sales480.3 333.2 642.2 1.3 (4.8)1,452.2 
Operating costs and expenses:
Other segment items(391.5)(256.4)(455.6)(1.7)4.8 (1,100.4)
Segment operating profit$88.8 $76.8 $186.6 $(0.4)$— $351.8 
(a) Repair Solutions includes interest income related to financing receivables of $38.5 million.
Other segment items for each reportable segment includes the following for all periods presented:
•Mobility Technologies: Cost of sales, excluding amortization of acquisition-related intangible assets, selling, general and administrative expenses and research and development expenses.
•Repair Solutions: Cost of sales, excluding amortization of acquisition-related intangible assets, selling, general and administrative expenses, research and development expenses and the Repair Solutions Capital Charge. The Repair Solutions Capital Charge was $10.8 million, $10.9 million, $21.7 million and $21.8 million for the three and six months ended June 27, 2025 and June 28, 2024, respectively.
•Environmental & Fueling Solutions: Cost of sales, excluding amortization of acquisition-related intangible assets, selling, general and administrative expenses and research and development expenses.
•Other: Cost of sales, excluding amortization of acquisition-related intangible assets, selling, general and administrative expenses and research and development expenses.
Other segment items does not include unallocated corporate costs and other operating costs not allocated to the reportable segments as part of the CODM’s assessment of reportable segment operating performance, as further discussed above.
A reconciliation of segment operating profit to earnings before income taxes for the three and six months ended June 27, 2025 and June 28, 2024 were as follows:
Three Months EndedSix Months Ended
($ in millions)June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Segment operating profit$190.6 $162.6 $373.2 $351.8 
Corporate & other unallocated costs:
Amortization of acquisition-related intangible assets(19.2)(20.0)(38.8)(40.0)
Stock-based compensation expense(8.6)(7.9)(16.1)(17.4)
Restructuring and other related charges(2.6)(1.8)(6.9)(6.5)
Other unallocated expense(3.6)(3.5)(13.2)(3.9)
Corporate costs(31.0)(26.2)(53.4)(49.6)
Repair Solutions Capital Charge10.8 10.9 21.7 21.8 
Total corporate & other unallocated costs(54.2)(48.5)(106.7)(95.6)
Operating profit136.4 114.1 266.5 256.2 
Interest expense, net(15.6)(18.4)(30.7)(37.3)
(Loss) gain on sale of business— (2.6)— 37.2 
Other non-operating expense, net(0.1)(1.1)(4.0)(1.3)
Earnings before income taxes$120.7 $92.0 $231.8 $254.8 
Depreciation expense by segment for the three and six months ended June 27, 2025 and June 28, 2024 were as follows:
Three Months EndedSix Months Ended
($ in millions)June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Mobility Technologies$10.2 $7.8 $19.9 $16.4 
Repair Solutions0.6 0.6 1.3 1.2 
Environmental & Fueling Solutions1.7 2.0 3.9 4.0 
Corporate0.3 0.7 0.6 0.9 
Total$12.8 $11.1 $25.7 $22.5