Feb 3 (Reuters) - Veralto VLTO.N forecast 2026 adjusted profit per share below Wall Street estimates on Tuesday as industrial customers remain cautious in the face of macroeconomic uncertainty.
A shifting trade environment has made companies hesitant to place orders, weighing on manufacturers such as Veralto, which serves companies in the industrial, water, food and beverage and consumer packaged goods industries.
In December, the Institute for Supply Management's U.S. manufacturing PMI stood at 47.9, its 10th straight month in contraction. Readings below 50 signal shrinking activity.
Although the index rebounded to 52.6 in January, manufacturers remain wary due to shifting U.S. trade policy.
Shares of Veralto, which offers water treatment technologies, precision instrumentation and packaging products, among others, fell nearly 1.7% in aftermarket trading.
The Waltham, Massachusetts-based company expects 2026 adjusted profit per share between $4.10 and $4.20, the midpoint of which is below analysts' expectations of $4.17 per share, according to data compiled by LSEG.
The company, spun off from life sciences firm Danaher in September 2023, reported fourth-quarter adjusted profit per share of $1.04, compared with 95 cents per share a year earlier.
Veralto's total revenue for the quarter ended December 31 was nearly $1.4 billion, up from $1.35 billion a year earlier.
(Reporting by Megavarshini G. Somasundaram and Aishwarya Jain in Bengaluru; Editing by Pooja Desai)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))
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