Veralto reports Q2 non-GAAP EPS 93c, consensus 88c

Reports Q2 revenue $1.37B, consensus $1.34B. “We delivered a strong Q2 led by outstanding commercial execution and steady, broad-based customer demand. Our rigorous application of the Veralto (VLTO) Enterprise System continued to support global growth and operating discipline, while also helping mitigate impacts from changes in global trade policies,” said CEO Jennifer Honeycutt. “Through the first half, we grew core sales mid-single-digits, expanded adjusted operating profit margins and delivered double-digit adjusted earnings per share growth. These results are a testament to the focused efforts of our global team, our durable business model and secular growth drivers across our end markets. Based on our first half performance, stable demand across our end markets and our current assessment of macro-economic conditions, we raised our full year core sales growth and adjusted earnings per share guidance. Veralto’s financial position remains strong, and we continue to be prudent in evaluating capital allocation opportunities to fuel long-term shareholder value”.