Veralto Corporation
VLTO
ISIN US92338C1036 / Valor 129330724
Veralto Corporation
UMushroom community rating:
About company
Veralto Corporation is a diversified company with a focus on water quality and product innovation. Through its Water Quality companies, Veralto addresses water safety, scarcity, and management issues, particularly in the face of climate change. On the other hand, its Product Quality and Innovation companies work towards safeguarding essential products such as food and pharmaceuticals by ensuring quality, freshness, and consistency throughout the supply chain. Overall, Veralto Corporation aims to help customers protect and preserve valuable resources while delivering reliable and high-quality products.
Summarized from source with an LLMView SourceSector: UtilitiesLatest Results (17.12.2024):
Sales Growth
In the third quarter of 2024, Veralto Corporation reported a year-over-year sales increase of 4.7%, reaching $1,314 million. The non-GAAP core sales growth was 4.6%, reflecting strong performance across key markets and regions.
Profit Margins
Veralto Corporation achieved an operating profit margin of 23.4% for the third quarter of 2024. The non-GAAP adjusted operating profit margin was slightly higher at 24.1%, indicating effective cost management and operational efficiency.
Net Earnings
The net earnings for Veralto Corporation in the third quarter of 2024 were $219 million, translating to $0.88 per diluted common share. On a non-GAAP basis, adjusted net earnings were $223 million, or $0.89 per diluted common share.
Cash Flow
Veralto Corporation reported an operating cash flow of $224 million for the third quarter of 2024. The non-GAAP free cash flow was $215 million, demonstrating strong cash generation capabilities.
2024 Outlook
For the fourth quarter of 2024, Veralto Corporation anticipates non-GAAP core sales growth in the low-to-mid single-digits year-over-year. The company expects an adjusted operating profit margin of approximately 24.0% and adjusted diluted earnings per share in the range of $0.86 to $0.90 per share.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
25688 M
Market cap (USD)
118,080
Daily traded volume (Shares)
103.49 / 102.4
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
