
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]