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Veralto (VLTO)

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Earnings summaries and quarterly performance for Veralto.

Research analysts who have asked questions during Veralto earnings calls.

AB

Andrew Buscaglia

BNP Paribas

6 questions for VLTO

Also covers: AME, APH, CGNX +11 more
BL

Brian Lee

Goldman Sachs Group, Inc.

6 questions for VLTO

Also covers: ARRY, AYI, CCJ +19 more
Deane Dray

Deane Dray

RBC Capital Markets

6 questions for VLTO

Also covers: AME, ATKR, CARR +20 more
Andrew Krill

Andrew Krill

Deutsche Bank

5 questions for VLTO

Also covers: BMI, PNR, WTS +1 more
John McNulty

John McNulty

BMO Capital Markets

5 questions for VLTO

Also covers: APD, ASH, AVY +14 more
MH

Michael Halloran

Baird

4 questions for VLTO

Also covers: AOS, CXT, DOV +19 more
NJ

Nathan Jones

Stifel, Nicolaus & Company, Incorporated

4 questions for VLTO

Also covers: AOS, BMI, CR +20 more
Andrew Kaplowitz

Andrew Kaplowitz

Citigroup

3 questions for VLTO

Also covers: ACM, AOS, APG +29 more
Jacob Levinson

Jacob Levinson

Melius Research

3 questions for VLTO

Also covers: CGNX, GWW
Andy Kaplowitz

Andy Kaplowitz

Citigroup Inc.

2 questions for VLTO

Also covers: ACM, APG, ATKR +9 more
BZ

Bobby Zolper

Raymond James

2 questions for VLTO

Also covers: BMI
Nathan Jones

Nathan Jones

Stifel

2 questions for VLTO

Also covers: CR, ESAB, FLS +4 more
WG

Will Grippin

Barclays

2 questions for VLTO

Also covers: GFL
Bradley Hewitt

Bradley Hewitt

Wolfe Research

1 question for VLTO

Also covers: FTV, ITT, JBI +2 more
DK

Damian Karas

UBS

1 question for VLTO

Also covers: ALH, AOS, CGNX +14 more
James

James

Jefferies

1 question for VLTO

Also covers: MSA
JS

James Schumm

TD Cowen

1 question for VLTO

Also covers: CLH, CWST, GFL +5 more
JS

Jeffrey Sprague

Vertical Research Partners

1 question for VLTO

Also covers: ALLE, AME, AYI +23 more
JG

Joseph Giordano

TD Cowen

1 question for VLTO

Also covers: ABLZF, AME, APH +21 more
NR

Nathalia Rodriguez

Citigroup

1 question for VLTO

SB

Saree Boroditsky

Jefferies

1 question for VLTO

Also covers: AOS, APH, CSL +15 more
SD

Scott Davis

Melius Research

1 question for VLTO

Also covers: CARR, DD, DHR +16 more

Recent press releases and 8-K filings for VLTO.

Veralto to acquire In-Situ and initiate $750M share repurchase
VLTO
M&A
Share Buyback
  • 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.
Nov 25, 2025, 12:00 PM
Veralto reports Q3 2025 earnings results
VLTO
Earnings
Guidance Update
  • 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.
Oct 29, 2025, 12:30 PM
Veralto reports Q3 2025 results
VLTO
Earnings
Guidance Update
  • 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
Oct 29, 2025, 12:30 PM
Veralto reports Q3 2025 results
VLTO
Earnings
Guidance Update
  • 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
Oct 29, 2025, 12:30 PM
Veralto reports Q3 2025 earnings
VLTO
Earnings
Guidance Update
  • 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
Oct 29, 2025, 12:30 PM
Veralto reports strong Q3 2025 sales growth
VLTO
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • 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.
Oct 28, 2025, 11:50 PM
Veralto reports Q3 2025 results
VLTO
Earnings
Guidance Update
  • 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
Oct 28, 2025, 8:31 PM
Veralto reports third quarter 2025 results
VLTO
Earnings
Guidance Update
  • 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.
Oct 28, 2025, 8:30 PM
Veralto reports Q2 2025 results and raises full-year outlook
VLTO
Earnings
Guidance Update
  • 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
Jul 28, 2025, 9:51 PM
Veralto Reports Strong Q1 2025 Financial Results
VLTO
Earnings
M&A
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
  • 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
Apr 30, 2025, 12:31 PM