earnings
confidence high
sentiment positive
materiality 0.80
Veralto Q3 sales up 4.7% to $1.314B, raises FY EPS guidance to $3.44-$3.48
Veralto Corp
2024-Q3 EPS reported
$2.43
revenue$3,848,000,000
- Sales $1,314M (+4.7% YoY); core sales growth 4.6% non-GAAP; diluted EPS $0.88 GAAP, $0.89 adjusted.
- Operating profit margin 23.4% GAAP, adjusted 24.1%; operating cash flow $224M; free cash flow $215M.
- Raised FY adjusted EPS guidance to $3.44-$3.48 from $3.37-$3.45; core sales growth low single digits expected.
- Q4 guidance: adj EPS $0.86-$0.90, adj op margin ~24.0%, core sales growth low-to-mid single digits.
- Completed acquisition of TraceGains to expand packaging and color solutions; aligns with food safety purpose.