have the organization. about morning, of to many CFO, positive to know his on having days, excited already He's Anshooman Good in our to and a chance Third been call the seat the up to XX new our Vontier. him now for Quarter with catch had already. board. him impact welcome on We're I Ryan. everyone, Thanks, he's to like first and welcome Earnings Call. formally I'd you with earnings
of acceleration highlight third by environment. year roll our highlight of path X-year is our separation, challenging given our where the macro to revenues, results. Also, give the the forward. quarter view lowering we we're a believe driven anniversary line missed guidance, to mark we we've off, first, But like we made As I'd which bottom an and progress full like I'd prudent the weakening but delivered the EMV of
shape post-EMV you through I'll our upon the that walks to strategic we the future business. our After build will framework continue with you engagements. in We actively leave financials, Anshooman
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quarter reflecting get of and Let's per ongoing of into Adjusted positive $X.XX well XX adjusted the summary of leverage our price miss. revenue up benefit expanded versus the spite delivered strong X% details results. actions. operating a the the cost We operating of with year margin points cost year-over-year, share, as in a basis from prior EPS as
a X% experienced At printed in the revenue the the quarter. chains. end dispensers beyond the of of circuit our of of our which stretched the cyber for suppliers already event weeks in shut down all U.S. This scope Core attack, disruptions the quarter. their production fueling key boards supply declined of was in one used X August, in late
the disruption replan we the final QX. The of of to this supply the not end our resumed but operations limited to and days to do the actively disruption impact anticipate hours responded and the production at of teams Our our has ability quarter, recover normal our fully timing supplier into September.
team's Broader this logistics. I'm supply chain stabilize proud anomaly. components in incredibly conditions mitigating sequential and performance continue in some with our modest to improvement of
in single and solid digits low fueling performance business Matco. our and with grew revenues service improvements core at Non-EMV sequential aftermarket
underground lead from slower to business of capital However, operators we due equipment. larger project also related softer industry times to demand spend customer fueling and environmental pockets delays in independent experienced on our extended
with strong year-to-date. price from the see to continue trends seen We realization, momentum consistent we've
our in non-EMV confident QX, growth lead healthy details cautious and the assumptions core the while growth adoption. as year. our you for expectations normalize. That our updated EMV walk revising year more remain QX for will not through said, we Anshooman times beginning the full that will to range we guidance, to and our return are full mid-single-digit to are outlook backlogs are of non-EMV reflect meet Our did our
backdrop about disproportionately in the result XXXX As impacting base of assumptions. our operators decline, small felt will and the business $XXX we peak-to-trough headwind million. in the XXXX fueling $XXX will us no the macro at the of headwind closer proactively would million dispensers modeling million. The U.S. to roughly it refresh or in be net is a prudent in $XXX is approximately There prior be end to now weakening, the is which low U.S., our EMV range change put
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capital through We're balanced a returning to plan over committed term. shareholders the to long
$XXX our valuation in have just billion repurchase However, $X.X existing at of is current under share priority. remaining authorization. top unquestionably Year-to-date, repurchase buybacks share we've nearly shy our million levels, completed and
should to will stabilize, experienced we've and continue normalize improve next the flow to working begin chains year-to-date year. capital cash headwinds free beginning supply conversion As
strategic X generate in Vontier flexibility. cash, with roughly providing $X.X next significant billion the us years, will and financial Over
turn Anshooman, now be about the couldn't We're next foundation things to Vontier. the post-separation, or accomplished in moment I excited over more like forward. of journey years we set have and the what of the I X to I'd to prouder take path phase a Before to for begin
inherent strategy-led tighter companies of the designed focus attention these within a growth focused smart, X initiating Over our mobility delivering legacy sustainable ecosystem. solutions a with enhance the profitable transformation we years, operating opportunities on past a lot capitalizing and portfolio on to our through
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provides tail opportunity and This and as for equipment. as aftermarket service of upgrade a replacement parts well long
been which this of growth at growth these As platform initiatives profitable of for new the topline maximizing past call tail launched set end preparing the shareholder ultimately at We curve we returns. for accelerating we've and aimed our years, X strategies, are initiatives a proactively and profitability. aimed
double responsible basis margin points grown year, Through from headwinds. non-EMV also spite We've expansion single-digit positive of and of core the this driving significant low growth pre-spin, to digits our in XXX profitable XX%, operating post-spin. end initiatives of been largely low will for have earnings growth EMV decline,
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significantly fuel and an dispensers simplification a globally XX. line put to program as place product the of reduce in opportunity number recognize from We
we've year, this so lines. And XX rationalized far dispenser
restructuring in We also than other will actions. and $XX through savings million more cost have achieved
petroleum-based able more growth in resulting environmental to of in are business, accelerate and through we've We infrastructure topline efficiently sales established in XXXX. in investment by leveraging XX% and increased Veeder-Root, revenue the innovation the On our more manufacturing side, to with than CAGR our cost-effective a local a high-growth certain the product and better X-year in engineering been presence regulation end of investment, positioned markets from better decade. coming benefit
and returning Navman aftermarket in expanding which the created designated supplier We've quarter Milwaukee We on around revenue of growth the next of product in the will announced at capitalize GVR third growth to of contribute Tools team which September a growing XX%. resulting strategic Teletrac within Matco, base growth margins, on made a year. is points to installed to in business, new with vitality U.S., equipment also that fueling increase relationship and progress several drive now turning our in operating
success in initiatives The their attractive markets our points. DRB's closed initial both basis September, which including that ago transformation, includes, of productivity facilitation. and inorganic original acquisition ICE-dependent. over surpassed better strategy year has XXX margins capabilities deeply systems, technology not our our growing are by actions, phase XX% to topline portfolio enhances the and platform expectations, a industry-leading over an expanding Our organic software DRB, position growth and payment compete by to point-of-sale in demonstrate embedded of which and operating Vontier
a premier infrastructure earlier significant build-out with scale. software charging hardware-agnostic EV best-in-class to plugs of of on customers and to capitalize continues year tens acquisition with EV DRB's have solutions. management The charging we thousands brings with globally believe We have us the potential of to gain traction this under that the asset network
solutions for of support We're also making our for future organic investments and alternative fuel in our vision car the park. multi-fuel other
ANGI dispensing is leading this strong to projected expected up year, about year. supplier year $XX of with levels compressed Energy from gas remain Our XX% revenue technology natural contributor and a business million next in nearly a in prior the
the own In also hydrogen a provides fuel build-out in participate business and right, channel in addition infrastructures. ANGI domain its the strong to us presence to being of expertise
next received for dispensers, begin which we'll In our year. expect orders hydrogen first shipping QX, we commercial to our
we repurchase, we've deployed pace acquisitions $X.X With to double-digit in on respect to years. and over returns between capital are X share roughly allocation, capital, and billion generate
As will deployment, disciplined returns. around fundamentals, on remain track our we we our continue building on capital record focusing
pipeline the balance near opportunities, we and attractive repurchase do have shift will While priority, the of share sheet. to M&A deleveraging an bolt-on term,
I'm been of progress demonstrate Our able strategy improving accelerating the growth on profitability. track. is topline and to on very we've proud
advantages We a we across unique the lead our stage have many competitive journey, mobility and segments ecosystem. are market in in pivotal at to
the I'd Anshooman call to like that, the to With Anshooman? to turn financial over results. provide
