Veralto Q1 2024: Revenue $1.246B, adj. EPS $0.84; raises FY adj. EPS guidance

Veralto Corp

2024-Q1 EPS reported $0.74 revenue$1,246,000,000

Sales up 1.8% YoY to $1,246M; core sales growth also 1.8%.
Adj. operating margin 24.5%; GAAP net earnings $184M ($0.74 EPS), adj. $209M ($0.84).
Operating cash flow $115M; free cash flow $102M.
FY 2024 adj. EPS raised to $3.25-$3.34 from $3.20-$3.30; FCF conversion target raised to 100%-110%.
Q2 2024 adj. EPS guide $0.75-$0.80; core sales growth low-single digits.

item 2.02 item 9.01

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 first quarter ended March 29, 2024 results: revenue $1,246 million, net income $184 million, EPS $0.74 per diluted common share. Guidance raised.

Period: first quarter ended March 29, 2024
Revenue: $1,246 million
Net income: $184 million
EPS: $0.74 per diluted common share
Guidance: raised
Result: reported results

Exact text from the filing

the World's Most Vital ResourcesTM announced results for the first quarter ended March 29, 2024. Key First Quarter 2024 Results • Sales increased 1.8% year-over-year to $1,246 million, with non-GAAP core sales growth of 1.8% • Operating profit margin was 23.5% and non-GAAP adjusted operating profit margin was 24.5% • Net earnings were $184 million, or $0.74

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Source: SEC EDGAR

accession 0001967680-24-000058

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