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 ...

Core Insights - Veralto reported a 4.7% year-over-year increase in sales for Q3 2024, reaching $1,314 million, with non-GAAP core sales growth of 4.6% [2][3] - The operating profit margin was 23.4%, while the non-GAAP adjusted operating profit margin was 24.1% [2][3] - Net earnings for the quarter were $219 million, translating to $0.88 per diluted share, with non-GAAP adjusted net earnings of $223 million or $0.89 per diluted share [2][3] Financial Performance - Operating cash flow for Q3 2024 was $224 million, and non-GAAP free cash flow was $215 million [2][3] - The company experienced broad-based growth across key markets, particularly in industrial water treatment in North America and a gradual recovery in consumer-packaged goods globally [2][3] - Veralto's acquisition of TraceGains is expected to enhance its packaging and color solutions, aligning with its mission of safeguarding vital resources [2][3] 2024 Guidance - For Q4 2024, Veralto anticipates non-GAAP core sales growth in the low-to-mid single digits year-over-year, with an adjusted operating profit margin of approximately 24.0% [3][16] - The full-year 2024 guidance for adjusted diluted earnings per share has been raised to a range of $3.44 to $3.48, up from the previous range of $3.37 to $3.45 [3][16] - Free cash flow conversion guidance remains at 100% to 110% [3][16] Segment Performance - Total sales growth for the Water Quality segment was 3.6%, while the Product Quality and Innovation segment saw a 6.3% increase [13] - Core sales growth for the Water Quality segment was 4.0%, and for the Product Quality and Innovation segment, it was 5.7% [13] Cash Flow Analysis - Net cash provided by operating activities was $224 million, a decrease from $243 million in the same period last year [17] - Free cash flow for Q3 2024 was $215 million, down from $232 million year-over-year [17]

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 ...

Exhibit 99.1 Jennifer L. Honeycutt, President and Chief Executive Officer, stated, "Our second quarter performance reflects the durability of our businesses fortified by strong commercial and operational execution. We delivered core sales growth across both segments led by positive volume, and price increases in-line with historical levels. Additionally, we continued to expand margins at both segments through strong operational leverage, improved productivity and cost optimization. Increased rigor deploying ...

WALTHAM, Mass., July 25, 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 second quarter ended June 28, 2024. Key Second Quarter 2024 Results Sales increased 2.8% year-over-year to $1,288 million, with non-GAAP core sales growth of 3.8% Operating profit margin was 23.2% and non-GAAP adjusted operating profit margin was 24.0% Net earnings were $203 ...

Chris Rocco/iStock via Getty Images My recommendation for Veralto (NYSE:VLTO) is a buy rating. As a leading player in the segments it competes in, VLTO is set to benefit from multiple growth tailwinds in the coming years. In the Water Quality segment, growing demand for semiconductors and the US government's focus on improving the country's water infrastructure are key growth catalysts. As for the Product Quality & Innovation segment, consumer preferences to know what is in their packaged food, consumer pac ...