Sales Performance - Fourth quarter sales increased by 4.4% year-over-year to $1,345 million, with non-GAAP core sales growth of 4.6%[6] - Full year sales rose 3.4% year-over-year to $5,193 million, with non-GAAP core sales growth of 3.7%[6] - Total sales for the three-month period ended December 31, 2024, reached $1,345 million, a 4.4% increase compared to $1,288 million in the same period of 2023[22] - For the year ended December 31, 2024, total sales were $5,193 million, a 3.4% increase from $5,021 million in 2023[26] - Core sales growth (non-GAAP) for the total company was 4.6% for the three-month period ended December 31, 2024, compared to the same period in 2023[32] - The impact of currency exchange rates contributed positively by 0.5% to total sales growth for the three-month period ended December 31, 2024[32] - Forecasted core sales growth for the three-month period ending April 4, 2025, is expected to be in the low-to-mid single digits compared to the comparable 2024 period[36] Earnings and Profitability - Adjusted diluted earnings per share for the fourth quarter were $0.95, compared to $0.81 in the same period last year[6] - The company reported a diluted net earnings per share of $0.91 for Q4 2024, up from $0.81 in Q4 2023[24] - The company is targeting adjusted diluted earnings per share in the range of $3.60 to $3.70 for the full year 2025[6] - Adjusted diluted net earnings per share for the year ending December 31, 2025, is forecasted to be between $3.60 and $3.70, with a range of $0.84 to $0.88 for the three-month period ending April 4, 2025[36] Cash Flow and Investments - The company generated operating cash flow of $875 million for the full year 2024, with non-GAAP free cash flow of $820 million[6] - Net cash provided by operating activities for the three-month period ended December 31, 2024, was $285 million, an increase of approximately 8.5% from $263 million in 2023[38] - Free cash flow for the three-month period ended December 31, 2024, was $263 million, reflecting a year-over-year increase of approximately 9.0% from $241 million in 2023[38] - Total cash used in investing activities for the year ended December 31, 2024, was $(434) million, compared to $(55) million in 2023[38] - The operating cash flow to net earnings conversion ratio for the three-month period ended December 31, 2024, was 1.26, compared to 1.32 in 2023[38] - Free cash flow to net earnings conversion ratio is expected to be between 90% and 100% for the year ending December 31, 2025[36] Operating Margins - Operating profit margin for the fourth quarter was 22.9%, with non-GAAP adjusted operating profit margin at 23.8%[6] - Operating profit for the same period was $308 million, reflecting an increase from $286 million year-over-year, resulting in an operating profit margin of 22.9%[22] - Adjusted (Non-GAAP) operating profit for the year ended December 31, 2024, was $1,251 million, with an adjusted operating profit margin of 24.1%[26] - The Water Quality segment's operating profit margin improved to 24.5% for the year ended December 31, 2024, compared to 24.0% in 2023[22] - Adjusted operating profit margin for the year ending December 31, 2025, is projected to increase by 25 to 50 basis points compared to the comparable 2024 period, reaching 24.0% to 24.5% for the three-month period ending April 4, 2025[36] - The company expects margin expansion of 25 to 50 basis points year-over-year for 2025[6] Strategic Initiatives - Veralto completed the acquisition of TraceGains, contributing to robust cash generation and strategic priorities[4] - Management emphasizes the importance of non-GAAP measures to provide additional insights into the company's operating and financial performance[40] - Exclusions from non-GAAP measures include amortization of intangible assets, restructuring charges, and other adjustments to facilitate consistent comparisons of operating results over time[42] Asset Management - Veralto's total assets increased to $6,406 million as of December 31, 2024, up from $5,693 million in 2023[13]

WALTHAM, Mass., Feb. 4, 2025 /PRNewswire/ -- Veralto (NYSE: VLTO) (the "Company"), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™ announced results for the fourth quarter ended December 31, 2024.Key Fourth Quarter 2024 Results Sales increased 4.4% year-over-year to $1,345 million, with non-GAAP core sales growth of 4.6% Operating profit margin was 22.9% and non-GAAP adjusted operating profit margin was 23.8% Net earnings were $227 ...

WALTHAM, Mass., Jan. 15, 2025 /PRNewswire/ -- Veralto Corporation (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™, announced that it will webcast its fourth quarter 2024 earnings conference call on Wednesday, February 5, 2025, beginning at 8:30 a.m. ET.  A registration link to the webcast and a link to the accompanying slide presentation will be available on the "Investors" section of Veralto's website, www.veralto.co ...

Company Performance and Growth - Shares of Veralto Corporation (VLTO) have gained 30% over the past year, outperforming the industry's 23% rally [1] - The company has an impressive Growth Score of B, reflecting the quality and sustainability of its growth [1] - Expected long-term (three to five years) EPS growth rate is 7%, with earnings for 2024 and 2025 projected to grow at 9% and 6.5%, respectively [1] Water Quality Segment Leadership - VLTO is a leader in the Water Quality segment, benefiting from growth opportunities in the US industrial and municipal verticals [2] - The CHIPS Act of 2022 provides significant tailwinds for the industrial vertical through semiconductor manufacturing grants, research investments, and tax credits [2] - Increased US government funding for water infrastructure modernization is a strong growth catalyst for the municipal vertical [3] - WC revenues grew 3.6% year over year in Q3 2024 [3] Product Quality and Inspection (PQI) Segment Innovation - VLTO is a trusted leader in the PQI segment, serving major consumer-packaged goods (CPG), life sciences, and pharmaceutical companies [4] - The Marketing & Coding (M&C) sub-segment is the largest contributor to PQI revenues, driven by its critical role in regulatory compliance and digital solutions [4][5] - PQI revenues grew 6.3% year over year in Q3 2024, with the recent acquisition of TraceGains strengthening the segment [6] Shareholder Value and Dividend Policy - VLTO has demonstrated a commitment to shareholder returns since its NYSE listing in late 2024, consistently paying a quarterly dividend of 9 cents [7] - The company recently increased its dividend by 22% to 11 cents per share, reflecting confidence in its financial strength and growth prospects [7] Industry and Competitive Landscape - The semiconductor industry's long-term outlook remains favorable, driven by rising demand for digital tools, AI, and autonomous technologies [3] - VLTO's positioning in high-growth industries, such as water quality and PQI, highlights its potential for sustained success [5] - Climb Global Solutions (CLMB) and ABM Industries (ABM) are better-ranked stocks in the Zacks Business Services sector, with CLMB having a Zacks Rank of 1 (Strong Buy) and ABM carrying a Zacks Rank of 2 (Buy) [9][10]

WALTHAM, Mass., Dec. 19, 2024 /PRNewswire/ -- Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™, announced today that its board of directors has approved a 22% increase to its quarterly cash dividend, and accordingly approved a quarterly cash dividend of $0.11 per share of its common stock, payable on January 31, 2025 to holders of record as of the close of business on December 31, 2024.About VeraltoWith annual ...

Creates Strategic Partnership with a Leading Provider of Contaminant Destruction TechnologyWALTHAM, Mass., Nov. 13, 2024 /PRNewswire/ -- Veralto Corporation (NYSE: VLTO) (the "Company"), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™, announced an investment of approximately $15 million to establish a minority interest in Axine Water Technologies, a leading provider of electrochemical oxidation technology for contaminant destructi ...

A downtrend has been apparent in Veralto (VLTO) lately with too much selling pressure. The stock has declined 5.7% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spott ...

WALTHAM, Mass., Oct. 23, 2024 /PRNewswire/ -- Veralto (NYSE: VLTO) (the "Company"), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™ announced results for the third quarter ended September 27, 2024.Key Third Quarter 2024 ResultsSales increased 4.7% year-over-year to $1,314 million, with non-GAAP core sales growth of 4.6%Operating profit margin was 23.4% and non-GAAP adjusted operating profit margin was 24.1%Net earnings were $219 mi ...

WALTHAM, Mass., Sept. 24, 2024 /PRNewswire/ -- Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™, announced today that its board of directors has approved a quarterly cash dividend of $0.09 per share of its common stock, payable on October 31, 2024 to holders of record as of the close of business on September 27, 2024. About Veralto With annual sales of $5 billion, Veralto is a global leader in essential technol ...

Scott's comments, that's a clean quarter, kind of hard to find anything to quibble about. So maybe I'll start with product quality. Your primary competitor had some similar results yesterday in terms of strong aftermarket, but it looks like your printer sales are stronger. I know the 2380 sounds like that was a boost. Just can you comment on the mix and the go-forward, especially with the recovery expected in the consumer packaging goods? Deane Dray Andrew Kaplowitz I think long term, China is anticipated t ...