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VLTO Veralto News Story

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Industrial technology firm Veralto's Q3 sales beat estimates on strong commercial performance

Overview

Veralto Q3 sales rise 6.9% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

Company raises full-year adjusted EPS guidance, indicating confidence in growth

Outlook

Veralto anticipates Q4 non-GAAP core sales growth of low-single-digits

Veralto expects Q4 adjusted EPS between $0.95 and $0.98

Veralto raises full-year adjusted EPS guidance to $3.82-$3.85

Result Drivers

COMMERCIAL PERFORMANCE - Strong commercial execution and disciplined operating practices drove mid-single digit core sales growth

CUSTOMER DEMAND - Demand across key end markets was as expected, supporting sales growth

FINANCIAL FLEXIBILITY - Strengthened financial position allows for investment in growth opportunities

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesBeat$1.40 bln$1.39 bln (13 Analysts)
Q3 Adjusted EPSBeat$0.99$0.94 (12 Analysts)
Q3 EPS$0.95
Q3 Adjusted Net IncomeBeat$247 mln$236.95 mln (11 Analysts)
Q3 Net Income$239 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell" The average consensus recommendation for the environmental services & equipment peer group is "buy" Wall Street's median 12-month price target for Veralto Corp is $119.00, about 12.5% above its October 27 closing price of $104.12 The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago Press Release: ID:nPnb30WzTa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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