Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Veralto Corporation (VLTO)
NYSE:VLTO
RESEARCH TOOLSreports
Holding VLTO?
Track your performance easily
Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.9Last Year’s EPS
0.87Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 06, 2024
|% Change Since: -7.18%
|Next Earnings Date:Oct 25, 2023
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant growth in core sales and adjusted earnings, alongside successful strategic acquisitions. However, challenges such as the decline in China sales and margin pressures from equipment sales were noted. Overall, the highlights of growth and strategic expansion outweighed the lowlights.Company Guidance
During the VLTO earnings call for Q3 2024, the company reported robust financial performance characterized by a 4.6% core sales growth, with volume and pricing contributing 2.8% and 1.8% respectively. The adjusted operating margin expanded by 170 basis points to 24.1%, while adjusted earnings per share increased 19% year-over-year to $0.89. The company generated $215 million in free cash flow, translating to a 98% conversion of GAAP net income. Regionally, North America experienced a 5.5% core sales growth, led by a 7% increase in Water Quality. Meanwhile, the PQI segment achieved a 5.7% core sales growth, with a notable 4.3% from volume. Additionally, Veralto highlighted the strategic acquisition of TraceGains, expected to surpass $30 million in sales this year, with over 95% recurring revenue and a gross margin of approximately 80%. The company raised its full-year adjusted EPS guidance to $3.44-$3.48 per share, reflecting confidence in sustained growth and operational efficiency.Strong Financial Performance
Veralto delivered a 4.6% core sales growth, expanded adjusted operating margin by 170 basis points to 24%, and grew adjusted earnings per share by 19% to $0.89. Free cash flow was $215 million, achieving a 98% conversion of GAAP net income.
Successful Acquisition of TraceGains
Early in Q4, Veralto completed the acquisition of TraceGains, a software solutions provider for food and beverage safety and traceability, with a 20% CAGR over the past 3 years. This acquisition is expected to enhance Veralto's PQI segment with over 95% recurring revenue.
Robust Growth in Latin America
Core sales in Latin America grew by about 10%, driven by water analytics, water treatment, and marking and coding, reflecting strategic investments in the region.
Resilient Water Quality Segment
The Water Quality segment saw a 4% core sales growth with demand in industrial water treatment and UV systems, despite strategic exits impacting growth by 70 basis points.
PQI Segment Margin Expansion
PQI segment delivered a 490 basis-point improvement in adjusted operating profit margin to 27.7%, driven by pricing, strong operating leverage, and cost optimization.
---
VLTO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
VLTO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $110.81 | $105.68 | -4.63% |
| Jul 25, 2024 | $99.42 | $104.67 | +5.28% |
| Apr 23, 2024 | $93.46 | $92.14 | -1.41% |
| Feb 06, 2024 | $77.32 | $80.85 | +4.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Veralto Corporation (VLTO) report earnings?
Veralto Corporation (VLTO) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Veralto Corporation (VLTO) earnings time?
Veralto Corporation (VLTO) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VLTO EPS forecast?
VLTO EPS forecast for the fiscal quarter 2024 (Q4) is 0.9.
---