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VLTO Veralto News Story

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Veralto Q2 sales, adjusted EPS beat estimates, raises FY guidance

Overview

Veralto Q2 sales rise 6.4% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus, reaching $0.93 per share, per LSEG data

Co raises full year guidance for adjusted EPS and core sales growth

Outlook

Veralto expects Q3 adjusted EPS of $0.91 to $0.95

Company raises full-year EPS guidance to $3.72-$3.80

Company expects full-year core sales growth in mid-single-digits

Result Drivers

COMMERCIAL EXECUTION - Strong commercial execution and steady customer demand drove Q2 results, according to CEO Jennifer L. Honeycutt

VERALTO ENTERPRISE SYSTEM - Application of the Veralto Enterprise System supported global growth and operating discipline, per CEO

SECULAR GROWTH DRIVERS - Growth across end markets attributed to secular growth drivers, leading to raised full-year guidance

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$1.37 bln$1.34 bln (13 Analysts)
Q2 Adjusted EPSBeat$0.93$0.88 (12 Analysts)
Q2 EPS$0.89
Q2 Adjusted Net IncomeBeat$232 mln$222.90 mln (10 Analysts)
Q2 Net Income$222 mln
Q2 Adjusted Operating Margin23.7%
Q2 Operating Margin22.8%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $109.50, about 5.7% above its July 25 closing price of $103.28 The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago Press Release: ID:nPn5z8w0la (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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