Veralto beats Q1 sales, adjusted EPS estimates, raises FY adjusted EPS outlook

Veralto

28/04/2026 21:38

Overview

U.S. water and product quality firm's Q1 sales rose 6.7%, beating analyst expectations

Adjusted EPS for Q1 was $1.07, beating analyst expectations

Company completed two acquisitions, repurchased $300 mln shares, and raised full-year adjusted EPS guidance

Outlook

Veralto expects Q2 core sales growth of 3.0% to 4.0% year-over-year

Company raises full-year adjusted EPS guidance to $4.20-$4.28, up from $4.10-$4.20

Veralto expects full-year core sales growth of 3.0% to 4.5% year-over-year

Result Drivers

SEGMENT PERFORMANCE - Core sales growth was 3.8% in Water Quality but declined 1.0% in Product Quality and Innovation

ACQUISITIONS - Completed acquisitions of In-Situ and GlobalVision for ~$620 mln during the quarter

COST OPTIMIZATION PROGRAM - Initiated new cost optimization program to streamline business processes and enhance operating efficiency

Company press release: ID:nPn4vPzLta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.42 bln
$1.40 bln (14 Analysts)
Q1 Adjusted EPS
Beat
$1.07
$1.005 (15 Analysts)
Q1 EPS
$1.02
Q1 Adjusted Net Income
Beat
$266 mln
$253.19 mln (11 Analysts)
Q1 Net Income
$254 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 $109.00, about 25.1% above its April 27 closing price of $87.15

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)