Overview
Veralto Q3 sales rise 6.9% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting strong operational performance
Company raises full-year adjusted EPS guidance, indicating confidence in growth
Outlook
Veralto anticipates Q4 non-GAAP core sales growth of low-single-digits
Veralto expects Q4 adjusted EPS between $0.95 and $0.98
Veralto raises full-year adjusted EPS guidance to $3.82-$3.85
Result Drivers
COMMERCIAL PERFORMANCE - Strong commercial execution and disciplined operating practices drove mid-single digit core sales growth
CUSTOMER DEMAND - Demand across key end markets was as expected, supporting sales growth
FINANCIAL FLEXIBILITY - Strengthened financial position allows for investment in growth opportunities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $1.40 bln | $1.39 bln (13 Analysts) |
Q3 Adjusted EPS | Beat | $0.99 | $0.94 (12 Analysts) |
Q3 EPS | $0.95 | ||
Q3 Adjusted Net Income | Beat | $247 mln | $236.95 mln (11 Analysts) |
Q3 Net Income | $239 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Veralto Corp is $119.00, about 12.5% above its October 27 closing price of $104.12
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago
Press Release: ID:nPnb30WzTa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)