What drove VNT's earnings growth in Q3 2024?

Vontier Corporation's (VNT) earnings growth in Q3 2024 was primarily driven by a 28.7% increase in operating profit margin within its Environmental & Fueling Solutions segment, despite lower volumes and timing of bad debt reserves. This segment's performance was a key contributor to the company's overall financial results. Additionally, the company's strategic initiatives, such as the introduction of the Express Ordering solution and the Red Jacket IQ2 Smart Controller, are likely to support future growth and profitability.

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|VNT|VNT.N|Vontier|2023 Q4|56.868537666174305|-9.507971097602937||169|
|VNT|VNT.N|Vontier|2024 Q1|65.21739130434783|-2.6532715095311694|66.0377358490566|169|
|VNT|VNT.N|Vontier|2024 Q2|-27.95477903391572|-8.895866038723181|-27.419354838709676|169|
|VNT|VNT.N|Vontier|2024 Q3|1.3245033112582782|-2.0120198588973084|3.448275862068969|169|