Core Insights - Veralto reported strong first quarter results for 2025, highlighting disciplined execution across its segments, leading to core sales growth, margin expansion, and double-digit adjusted earnings per share growth [3][4][5] Financial Performance - Total sales increased by 6.9% year-over-year to $1,332 million, with non-GAAP core sales growth of 7.8% [9] - Operating profit margin was 24.2%, while non-GAAP adjusted operating profit margin was 25.0% [9] - Net earnings reached $225 million, translating to $0.90 per diluted common share, with non-GAAP adjusted net earnings at $237 million or $0.95 per diluted common share [9][15] Segment Performance - Core sales growth was broad-based across Product Quality and Innovation (PQI) and Water Quality, with PQI benefiting from positive trends in consumer-packaged goods markets [4] - Water Quality saw robust growth in water treatment solutions in North America and double-digit growth in Europe for water analytics [4] Guidance and Outlook - For Q2 2025, Veralto anticipates non-GAAP core sales growth in the low-to-mid single digits, with adjusted diluted earnings per share projected between $0.84 and $0.88 [7][23] - The full year 2025 adjusted earnings per share guidance is reaffirmed in the range of $3.60 to $3.70, with free cash flow conversion expected between 90% to 100% [8][22] Cash Flow - Operating cash flow for the first quarter was $157 million, with non-GAAP free cash flow at $142 million, reflecting a 39% increase year-over-year [25]
Veralto Reports First Quarter 2025 Results