earnings
confidence high
sentiment neutral
materiality 0.60
Veralto Q3 sales up 3% to $1.255B; initiates $0.09 dividend; Q4 core sales flat to down
Veralto Corp
2023-Q3 EPS reported
$2.59
revenue$3,733,000,000
- Sales $1,255M (+3% YoY); non-GAAP core sales growth +1%. GAAP EPS $0.83; adjusted EPS $0.75.
- Operating profit margin 21.8%; adjusted margin 22.4%. Operating cash flow $243M; free cash flow $232M.
- Completed separation from Danaher during Q3, now a standalone public company.
- Q4 guidance: core sales flat to down low-single digits; adjusted EPS $0.79-$0.84; adjusted margin 23.5%-24.5%.
- Initiates quarterly dividend of $0.09/share, expected to begin in Q4 2023.