Veralto Q3 Adjusted Earnings, Sales Rise; 2024 Outlook Raised

MT Newswires Live10-24

Veralto (VLTO) reported fiscal Q3 adjusted earnings late Wednesday of $0.89 per share, up from $0.75 a year earlier.

Analysts polled by Capital IQ expected $0.85 normalized.

Sales in the quarter ended Sept. 27 were $1.31 billion, up from $1.26 billion a year earlier.

Analysts polled by Capital IQ expected $1.31 billion.

The company expects fiscal Q4 adjusted diluted earnings of $0.86 to $0.90 per share. Analysts surveyed by Capital IQ expect $0.90.

The company raised full-year 2024 adjusted diluted earnings per share outlook to $3.44 to $3.48, up from its previous guidance of $3.37 to $3.45 per share. Analysts polled by Capital IQ expect $3.43.

Veralto shares were down 1% in after-hours activity.

Price: 109.81, Change: -1.12, Percent Change: -1.01

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