Veralto raises 2025 profit forecast on demand for water quality products

Reuters
2025/10/29
Veralto raises 2025 profit forecast on demand for water quality products

Oct 28 (Reuters) - Veralto VLTO.N raised its 2025 profit forecast after beating expectations for third-quarter profit on Tuesday, helped by sustained demand for its water treatment and UV filtration services.

The company, spun off from lifesciences firm Danaher in September 2023, provides packaging and quality control services, as well as products that help ensure water safety and treatment solutions.

It has banked on strong demand underpinned by customers' requirements for regulatory compliance alongside the need for treatment services amid growing water scarcity.

"These results underscore our ability to successfully navigate a dynamic macro environment, particularly with respect to changes in global trade policies," CEO Jennifer Honeycutt said.

Veralto now expects adjusted earnings per share in the range of $3.82 to $3.85, compared with its prior forecast of $3.72 to $3.80.

It posted a third-quarter adjusted profit per share of 99 cents, above analysts' estimates of 95 cents, according to data compiled by LSEG.

Revenue rose 6.9% to about $1.40 billion, largely in line with expectations.

(Reporting by Utkarsh Shetti in Bengaluru; Editing by Maju Samuel)

((UtkarshUmesh.Shetti@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10