Strong Financial Performance
Veralto reported mid-single-digit core sales growth of 5.1% and double-digit adjusted EPS growth of 11% year-over-year. Total sales grew 6.9% to $1.4 billion with strong free cash flow generation of $258 million, which was a 20% increase year-over-year.
Water Quality and PQI Segment Growth
Water Quality segment delivered 5.3% core sales growth, while PQI segment experienced a 4.6% core sales growth. Both segments contributed to overall positive performance with Water Quality showing strong growth in North America.
Increased Earnings Guidance
Full year adjusted earnings per share guidance was raised to a range of $3.82 to $3.85 per share. Free cash flow conversion guidance was also raised to approximately 100%.
Sustainability Achievements
Veralto's products and services provided access to clean water for 3.4 billion people, recycled 14 trillion gallons of water, and ensured product authenticity and safety by coding over 10 billion products daily.