morning, call. and our deeper quarter year. overview into and up full for everyone. set dive for our results XXXX. Ryan, for on are markets, then brief you update today's progress strategy a making will provide are the with a good on Thanks, we and Anshooman our performance us end I'll joining high-level a the provide Thank of in on our the QX outlook
quarter the on Let's X. get started of summary with a Slide
by capping above midpoint and strong half. off encouraged of our our quarter fourth Overall, top results and performance, the bottom a second guidance, line we delivering were
demand portfolio innovative, growth. We on markets and leveraging solid technologies and fueling industry our end deliver industry-leading to above-market of share across convenience gain are and retail capitalizing
We in X segments achieved all the growth with outperforming. X.X% core quarter
businesses. market end the wash the most was conditions year, our of about core repair dynamic the X%, year, growth full particularly auto we For car reflecting within experienced and
saw in we fourth of stabilization quarter. verticals these signs the through Importantly,
fueling in by up the Bookings growth led full organically over within fourth was growth X%, technologies Bookings Enfenco a year strength saw at X% for and productivity, book-to-bill mobility were mix environmental margins enterprise flat X environmental double-digit quarter, the the consecutive We for above year-over-year our dispensing payments, despite quarter. driving headwinds. and businesses. sequentially broad-based and and up solutions. were across fueling Operating continued
with connected X. Let's has a ecosystem hardware competitive purpose-built portfolio turn mobility software unique Slide of solutions. and within to a Vontier the advantage
places needs. journey Our us of our connected for mobility strategy customers' at their optionality offers energy transformation the forefront and digital
connect, As ecosystem, product our new and manage we are results. the and on tangible reinvigorating delivering introductions mobility focus scale R&D
rests framework, to and principles in foundation X-pillar on our leverages excellence, ability our System of our commercial the for prioritization operational which and deliver commitments the Vontier XX/XX embedded program. focus Business Our on the and
have we margin We offset and these made under solid the the margin to simplification that Pillar fully of next Optimize of expansion our will Core. Benefits pipeline opportunities significant headwind a from initiatives progress initiatives over several X, deliver the strong years. on helped mix,
ability line we strengthening product on internal XXXX, For around our to component standardization within simplification and expansion. in expanded example, efforts margin our EFS, execute
under reducing our on manufacturing components XX, targets dispenser are achieving achieve rationalizing well capacity. to global and XX% track on to We standardized platforms
We're from room reduce faster seeing basis cost innovation has the to improving now fueling the process cycles, result success improved impressive last to structure, pricing the sits supply effectively. is Tremendous addition and lower the at allows our segment In capital to years X lead the times points us in and EFS an complexity, improved with chain more resources runway and simplification allocate margin, work working ahead. Ultimately, this and capabilities. over through which team nearly XX% show XXX move more the higher.
the at The Within cost This platforms and the both team and XX well to steady at and XXXX, consolidated mobility of a efforts with tech, the software modernization Invenco end simplification. platforms began product be has We XX including beyond over legacy we platforms, rationalizing individual under state acquired go time. expect XX platforms. of and been those similar simplification Invenco on reductions. journey to line
which of streamlining formation our on benefit an During we execution Vontier processes. the development year, factory, of all will global completed emphasis the software our with and
alone, flexible, retail, for XXX in standardized software over engineers creating have convenience architectures. scalable leveraging solutions now Invenco We
data a services also increased India. the solve also driving focus Bangalore, development global IT concentrating analytics in our into during and We new our and finance, The including centers state-of-the-art and house AI-enabled XXXX, will in Center on functions. to utilization year, problems Bangalore Vontier our shared facility support capabilities innovation efforts solutions to customers' X of core
by our direct cutting China to costs million. modest chain proactively we supply our Lastly, derisked a sourcing $XX from
As not a this we do result, point. material at exposure tariffs to have
demonstrating XXXX inorganic we've runway made momentum ahead. to opportunities Quickly of that self-help a we are for touching on with encouraged by accelerate the growth investments solid evidence traction the X. off. organic as and been X paying strong initiatives provide are We've Pillars earnings Our and head and into
positions the focus market-leading and expanding about our core vitality. product accelerate to share reminder, through with driving leveraging X, on market innovation current Pillar growth a profitable gains As a is
product how proud Invenco months. of last strategy the incredibly our XX I'm in advanced just we've far
proving year-over-year. this accounts for Invenco total see automation We yield, the are connected grew value positive a game-changing recurring a our scalable are is and as for solution iNFX offerings convenience innovative reduce increasingly Customers payment revenue low evidence double is around loyalty of powered solutions. ability revenue opportunities traction. offerings. now Efforts open their our recognize base to architecture to customer new market enhance their receiving gaining TAS costs beginning proposition standardize services retail be more than operating our base, increase by our and of We recurring acknowledging to digits payment enabled Vontier response which X/X for flexible, core revenue consumer our are unlocks underway micro solution. to our revenue integrated connected that offerings. of fully FlexPayX in our and point-of-sale customers platform to
management As at with you are may order recall several Annual showcased These new last strengthening pump from Stores Association the quarter, Unified the and October, Convenience at commercial including Show offerings our customers. solutions of we in Payments, National top-tier remote funnel capabilities. the Trade
Costco great off success, in are unified a solution As improves our the deployments transaction an user early in to with with solution and place our start. seeing Locations their payment a of a payment throughput consumer. experience dramatic better of already Costco in this which Canada example for are times, for reduction
FlexPayX We they payment are benefits major seeing solution. their similar for adopt as American operators standard other as North
To help in up to Slide more for our X. in how 'XX will to detailed call, Anshooman XXXX. with Turning overview we and set provide backdrop of a wanted outlook, which later you our the performed businesses markets the provide end
plans industry on well end consolidate. the Our higher convenience performed operators and to Successful modernization their C-store execute site driven multiyear fueling CapEx continues and retail investments. sustainably businesses to and sell expansion the of that by continue into levels markets,
end Our continues. market for base for year this underlying case assumes demand this momentum
carwash uncertainty same optimistic within repair and We we in rates, to points markets. are there's more due time, At the improvement and pace those inflection view positive are our this warrants businesses. stabilizing improving solutions the a regarding inflation interest seeing of and cautious
experienced year in the X% recovery segment finished with with Fueling Our Environmental QX. & solid a revenue delays growth the we core following
Global site activity. most grew Our low our customer we Based single for on our new dispenser demand recent partners end North activity build conversations Strength steady 'XX. led with in build digits in in was the in expect by to continuing channel and site America strength user tied equipment customers, new business year.
dispensers North World our in America part outpaced due shipments India of of to wins. the tender Rest
in These As equipment, the complexity. wins below providing above reminder, accretive both while that were ground features reducing of automation including were and be to will cost awarded growth result large security, year, late a last tenders productivity India year. this improve and we ground which value-added X and
in growth by tougher Environmental in in America, offset Rest Solutions the revenues solid for World. partially single compares digits Our North year the of low with grew underground
monitoring America in North solid as was well and Strength new introductions. driven equipment as by product sensing our for upgrade underground activity
our have new installed increasingly cloud-connected market-leading base legacy of offers tankages as differentiating We opportunity This globally. a of automated tankages. upgrade a over proposition value the recognize XXX,XXX customers multiyear
positioned XXXX. year, earlier, bookings for that the for portfolio up I this our of at full attractive giving for us mentioned margin Environmental digits sustainable growth low in double part As confidence is rate were
on teens comparison. a top prior a clear this standout parts sales was with high year high up single-digit year of Aftermarket
to and monetize continue get entitled of closer to sales. base to large our We share our installed growing aftermarket
we to tougher growth delivering year X%, also Invenco on expect and a the FlexPayX, this in decline Although solid compares, finished convenience and slow line the for the is to albeit a at 'XX. we performance order lap retail comparisons. another including given market. the benefiting growth aftermarket end building growth of year of closer year a the solid opportunities, volume fueling DRV. Technologies growth strength like nearly general another drag mid-teens of single-digit year strong up from tougher for the Mobility in as from rate we X-point new Based and pipeline of had iNFX products anticipate high momentum, breakout positioned core top XXXX, demand revenue year,
car as and larger more XXXX wash limited. tunnel back industry became rapidly following greenfield phase hypergrowth car during planned systems shifted operators wash funding a The for pull multiyear activity on
DRBs what For anticipating. we XX%, with just revenues were line declined year, the in over full
we stabilized, DRB's to said, While growth. to businesses, believe fundamentals That of return XX% competitive we DRB single-digit key range. for expect revenue early Net-net, in the flat low approximately too market recurring a market Longer to the in technology leading call XXXX. expect our we term, provider industry. which now as it's account for in relatively we remain grow DRBs and have portfolio be revenues on constructive in this end advantage the to
solutions. to Turning repair
previously, at environment. communicated political regarding resulting economic are we've U.S. spending related by and As discretionary inflation technicians service Matco slower headwinds the persistent general and to uncertainty from
The sentiment an has not but to opportunity yet postelection, service on been we up market on for buying technicians for believe the the the cautious technician outlook. repair. there While stabilizing, is are to it appropriate behaviors catching in healthy service remain sentiment improvement
initiatives we optimistic going about and and are we're forward. experienced X half also the said, we uniquely lead That strength stabilization markets, in in by markets. we're in our we environment momentum second order recognize self-help in the positioned ahead, While the the our on softer to We macro and that year our growth uncertain. encouraged attractive remains capitalize Pillar
our in outlook and will full confident I'm to Vontier's to our year for execute, the and we future. position ability continue in for the strengthen
let call that, over With the turn Anshooman. to me
