April 29 (Reuters) - Water treatment solutions provider Veralto VLTO.N surpassed estimates for first-quarter results on Tuesday, betting on sustained demand for its chemical treatment and UV filtration services.
Shares of the company were up 2% after the bell.
"In response to changes in the global economic landscape, our team has implemented several countermeasures to mitigate the impact of tariffs," said CEO Jennifer L. Honeycutt.
A slowdown in consumer goods spending, following the uncertainty triggered by Trump's administration trade policy and the resulting trade war, may weigh on demand.
Veralto reaffirmed its annual earnings forecast, and said it expects its adjusted earnings for the current quarter to be in the range of $0.84 to $0.88 per share.
The Waltham, Massachusetts-based company provides products that help ensure water quality, and offers packaging and quality control solutions to businesses in industries including pharmaceutical and consumer packaged goods.
Veralto, which was spun off from lifesciences firm Danaher in September 2023, reported net revenue of $1.33 billion for the quarter ended April 4, compared with analysts' average estimate of $1.28 billion, according to data compiled by LSEG.
The company's quarterly adjusted earnings came in at 95 cents per share, compared with estimates of 87 cents per share.
(Reporting by Utkarsh Shetti and Anshuman Tripathy in Bengaluru; Editing by Alan Barona)
((UtkarshUmesh.Shetti@thomsonreuters.com))
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