8-K
filed February 6, 2024, 6:59 PM ET
ticker VLTO
CIK 0001967680
earnings
confidence high
sentiment positive
materiality 0.80
Veralto reports Q4 sales $1.29B (+3.3% YoY); guides FY24 EPS $3.20-$3.30
Veralto Corp
2023-FY EPS reported
$3.40
revenue$5,021,000,000
- Q4 net earnings $200M ($0.81 diluted); adjusted EPS $0.87; operating cash flow $263M.
- FY23 sales $5.02B (+3.1% YoY); full-year adjusted EPS $3.19; free cash flow $911M.
- Q4 core sales growth 1.7%; both segments grew; industrial markets strong, CPG stabilization.
- Q1 2024 guidance: core sales flat YoY, adjusted EPS $0.73-$0.78.
- FY24 guidance: low-single-digit core sales growth; adjusted EPS $3.20-$3.30; FCF conv. ~100%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Veralto Corp reported full year 2024 results: EPS $3.20 to $3.30. Guidance initiated.
- Period
- full year 2024
- EPS
- $3.20 to $3.30
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the full year 2024, the Company anticipates that non-GAAP core sales will grow low-single digits year-over-year and that adjusted operating profit margin will expand 50 to 75 basis points year-over-year. The Company is targeting adjusted diluted earnings per share in the range of $3.20 to $3.30 with free cash flow conversion of approximately 100%.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Veralto Corp reported Q1 2024 results: EPS $0.73 to $0.78 per share. Guidance initiated.
- Period
- Q1 2024
- EPS
- $0.73 to $0.78 per share
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the first quarter of 2024, Veralto anticipates that non-GAAP core sales will be approximately flat year-over-year with adjusted operating profit margin in the range of 23.0% to 23.5% and adjusted diluted earnings per share in the range of $0.73 to $0.78 per share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Veralto Corp reported fourth quarter ended December 31, 2023 results: revenue $1,288 million, net income $200 million, EPS $0.81 per diluted common share.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $1,288 million
- Net income
- $200 million
- EPS
- $0.81 per diluted common share
- Result
- reported results
Exact text from the filing
the World's Most Vital ResourcesTM announced results for the fourth quarter ended December 31, 2023. Key Fourth Quarter 2023 Results • Sales increased 3.3% year-over-year to $1,288 million, with non-GAAP core sales growth of 1.7% • Operating profit margin was 22.2% and non-GAAP adjusted operating profit margin was 23.8% • Net earnings were $200 million, or $0.81
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Veralto Corp reported the fiscal year ended December 31, 2023 results: revenue $5,021 million, net income $839 million, EPS $3.40 per diluted common share.
- Period
- the fiscal year ended December 31, 2023
- Revenue
- $5,021 million
- Net income
- $839 million
- EPS
- $3.40 per diluted common share
- Result
- reported results
Exact text from the filing
per diluted common share • Operating cash flow was $263 million and non-GAAP free cash flow was $241 million Key Full Year 2023 Results • Sales increased 3.1% year-over-year to $5,021 million, with non-GAAP core sales growth of 2.6% • Operating profit margin was 22.7% and non-GAAP adjusted operating profit margin was 23.3% • Net earnings were $839 million, or $3.40
View on SEC.gov
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