Earnings summaries and quarterly performance for Veralto.
Executive leadership at Veralto.
Jennifer L. Honeycutt
President and Chief Executive Officer
Kimberly Y. Chainey
Senior Vice President, Chief Legal Officer
Mattias Byström
Senior Vice President and Chief Segment Officer, Product Quality and Innovation
Melissa Aquino
Senior Vice President and Chief Segment Officer, Water Quality
Sameer Ralhan
Senior Vice President and Chief Financial Officer
Sylvia Stein
Senior Vice President, Chief Legal Officer
Board of directors at Veralto.
Cindy L. Wallis-Lage
Director
Daniel L. Comas
Director
Françoise Colpron
Director
Heath A. Mitts
Director
John T. Schwieters
Director
Linda Filler
Chair of the Board
Shyam P. Kambeyanda
Director
Thomas L. Williams
Director
Vijay P. Sankaran
Director
Walter G. Lohr, Jr.
Director
William H. King
Director
Research analysts who have asked questions during Veralto earnings calls.
Andrew Buscaglia
BNP Paribas
6 questions for VLTO
Brian Lee
Goldman Sachs Group, Inc.
6 questions for VLTO
Deane Dray
RBC Capital Markets
6 questions for VLTO
Andrew Krill
Deutsche Bank
5 questions for VLTO
John McNulty
BMO Capital Markets
5 questions for VLTO
Michael Halloran
Baird
4 questions for VLTO
Nathan Jones
Stifel, Nicolaus & Company, Incorporated
4 questions for VLTO
Andrew Kaplowitz
Citigroup
3 questions for VLTO
Jacob Levinson
Melius Research
3 questions for VLTO
Andy Kaplowitz
Citigroup Inc.
2 questions for VLTO
Bobby Zolper
Raymond James
2 questions for VLTO
Nathan Jones
Stifel
2 questions for VLTO
Will Grippin
Barclays
2 questions for VLTO
Bradley Hewitt
Wolfe Research
1 question for VLTO
Damian Karas
UBS
1 question for VLTO
James
Jefferies
1 question for VLTO
James Schumm
TD Cowen
1 question for VLTO
Jeffrey Sprague
Vertical Research Partners
1 question for VLTO
Joseph Giordano
TD Cowen
1 question for VLTO
Nathalia Rodriguez
Citigroup
1 question for VLTO
Saree Boroditsky
Jefferies
1 question for VLTO
Scott Davis
Melius Research
1 question for VLTO
Recent press releases and 8-K filings for VLTO.
- Veralto agreed to acquire Colorado-based In-Situ for $435 million (approx. $422 million net of tax benefits), closing expected in Q1 2026.
- The purchase price represents about 19× In-Situ’s 2025 estimated EBITDA, inclusive of $11 million in projected pre-tax run-rate cost synergies by end of year three.
- In-Situ is forecast to deliver roughly $80 million in 2025 sales with a 50% gross margin and mid-teens EBITDA margin.
- Veralto’s board authorized a $750 million share repurchase program for its common stock, to be executed over time.
- Q3 total sales were $1.4 billion, up 6.9% year-over-year; core sales grew 5.1% (volume +2.7%, price +2.4%), with currency adding 150 bps to growth.
- Water Quality segment sales of $856 million, up 7% with core growth of 5.3% and adjusted operating margin of 26.3% (+150 bps); PQI segment sales of $548 million, up 6.9% with core growth of 4.6%.
- Adjusted EPS of $0.99, up 11% year-over-year and $0.04 above guidance; free cash flow of $258 million, up 20% year-over-year.
- Raised full-year 2025 Adjusted EPS guidance to $3.82–3.85 and free cash flow conversion target to ~100% of GAAP net income; Q4 EPS guidance set at $0.95–0.98.
- Sales were $1.404 billion in Q3 2025, up 6.9% YoY with 5.1% core growth
- Adjusted operating profit was $336 million (23.9% margin), down 20 bps YoY
- Adjusted EPS rose 11.2% YoY to $0.99
- Free cash flow reached $258 million, representing 108% conversion
- Company guides Q4 2025 EPS of $0.95–0.98 and FY 2025 EPS of $3.82–3.85, with mid-single-digit core sales growth
- Q3 total sales were $1.4 billion, up 6.9% YoY; core sales grew 5.1% (volume +2.7%, price +2.4%), adjusted EPS was $0.99 (+11% YoY) and free cash flow reached $258 million (+20%)
- Segment performance: Water Quality sales of $856 million (+7%; core +5.3%) and PQI sales of $548 million (+6.9%; core +4.6%); recurring revenue comprised 62% of total sales
- Profitability expanded with gross profit of $844 million (+8%) and a 60.1% margin (+50 bps); adjusted operating margin was 23.9%, with Water Quality at 26.3% (+150 bps) and PQI at 25.4%
- Raised full-year guidance: adjusted EPS to $3.82–$3.85 and free cash flow conversion to ~100%; Q4 sales growth expected mid-single digits with a ~3% currency benefit
- Total sales of $1.4 billion (+6.9% y-o-y) and core sales +5.1%, with adjusted EPS of $0.99 (+11%); free cash flow of $258 million (108% conversion)
- Water Quality sales up 7% to $856 million with 26.3% adjusted operating margin; PQI sales up 6.9% to $548 million with 25.4% margin
- Raised full-year adjusted EPS guidance to $3.82 – $3.85 and Q4 EPS guidance to $0.95 – $0.98, with Q4 sales growth expected in mid-single digits
- Net debt just under $900 million, resulting in net leverage of 0.7× at quarter end
- Veralto posted $1.40 billion in Q3 2025 sales, up 6.9% year-over-year.
- Third-quarter adjusted EPS was $0.99, beating estimates, and the company raised its 2025 full-year EPS guidance to up to $3.85 per share.
- Non-GAAP operating margin was 23.9%, with operating cash flow of $270 million and free cash flow of $258 million.
- Management forecasts 5% revenue growth for the next year, driven by demand for water quality and product integrity solutions.
- Sales of $1.404 billion, up 6.9% year-over-year, with non-GAAP core sales growth of 5.1%
- Operating profit margin of 23.2% (GAAP) and 23.9% (non-GAAP); net earnings of $239 million or $0.95 per diluted share ($247 million, $0.99 non-GAAP)
- Operating cash flow of $270 million and non-GAAP free cash flow of $258 million
- Q4 guidance: low-single-digit non-GAAP core sales growth and adjusted EPS of $0.95–$0.98; full-year 2025 adjusted EPS raised to $3.82–$3.85, mid-single-digit core sales growth and ~100% free cash flow conversion
- Sales grew 6.9% year-over-year to $1,404 million with 5.1% non-GAAP core sales growth.
- GAAP operating profit margin was 23.2% (non-GAAP 23.9%) and net earnings were $239 million (GAAP $0.95 diluted EPS; adjusted $247 million, $0.99 diluted EPS).
- Operating cash flow was $270 million with non-GAAP free cash flow of $258 million.
- For Q4, expects low-single-digit core sales growth and adjusted EPS of $0.95 to $0.98; full-year adjusted EPS guidance raised to $3.82 to $3.85 with mid-single-digit core sales growth and ~100% free cash flow conversion.
- Veralto delivered $0.93 in adjusted EPS and $1.37 billion in revenue for Q2 2025, both exceeding analyst expectations and showing year-over-year growth
- The company raised its full-year 2025 adjusted EPS guidance to $3.72–$3.80 per share due to strong demand in its industrial water treatment and product quality services
- Exited Q2 with $1.56 billion in cash, generated $496 million of operating cash flow against $16 million of capital expenditures, supporting a free cash flow conversion target of 90–100%
- Adjusted operating EBITDA margin improved by 17 bps to 20.79% compared to the prior-year quarter
- For Q3 2025, Veralto expects mid-single-digit revenue growth and adjusted EPS of $0.91–$0.95 versus consensus of $0.89
- Sales increased 6.9% year-over-year to $1,332 million with 7.8% non-GAAP core sales growth
- Adjusted operating margin reached an all-time high of 25.0% (non-GAAP), with a 24.2% GAAP operating profit margin reported
- Net earnings reached $225 million (or $0.90 per diluted share), with adjusted net earnings of $237 million and EPS up 13% to $0.95
- The company reaffirmed its full-year 2025 guidance, expecting adjusted diluted EPS of $3.60–$3.70 and Q2 EPS of $0.84–$0.88
- Projected free cash flow conversion is between 90%-100%
- Implemented strategic countermeasures against tariffs by enhancing supply chain flexibility and launching its first U.S. manufacturing facility in Grand Rapids, Michigan, while advancing M&A initiatives via the AQUAFIDES acquisition for $20 million and TraceGains integration
Quarterly earnings call transcripts for Veralto.
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