Veralto Q2 sales $1.29B (+2.8% YoY), raises FY adjusted EPS guidance to $3.37-$3.45

Veralto Corp

2024-Q2 EPS reported $1.55 revenue$2,534,000,000

Net earnings $203M ($0.81 diluted EPS), adjusted EPS $0.85; both beat prior expectations.
Core sales growth 3.8% YoY; both Water Quality and PQI segments contributed.
Adjusted operating margin 24.0%, up 110 bps YoY; free cash flow $240M.
FY 2024 adjusted EPS guidance raised to $3.37-$3.45 from $3.25-$3.34; margin expansion raised to ~75 bps.
Q3 2024 guidance: adjusted EPS $0.82-$0.86, adjusted operating margin ~23.5%.

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