Overview
Water solutions firm's Q4 sales rose 3.8% yr/yr, meeting analyst expectations
Adjusted EPS for Q4 beat analyst estimates
Company announced $750 mln share repurchase program and 18% dividend increase
Outlook
Veralto expects Q1 2026 non-GAAP core sales growth flat to low-single digits
Company targets Q1 2026 adjusted EPS between $0.97 and $1.01
Veralto forecasts full-year 2026 adjusted EPS between $4.10 and $4.20
Result Drivers
ACQUISITION EXPANSION - Acquisition of In-Situ expanded water analytics portfolio into high growth environmental water markets
SHARE REPURCHASE PROGRAM - Established $750 mln share repurchase program and increased dividend by 18%
OPERATIONAL EFFICIENCY - VES-driven execution improved operating efficiency in dynamic macro-economic environment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Meet | $1.40 bln | $1.40 bln (14 Analysts) |
Q4 Adjusted EPS | Beat | $1.04 | $0.98 (14 Analysts) |
Q4 EPS | $1.01 | ||
Q4 Adjusted Net Income | Beat | $261 mln | $245.05 mln (11 Analysts) |
Q4 Net Income | $254 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 10 "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 $113.50, about 11.8% above its February 2 closing price of $101.48
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago
Press Release: ID:nPn58MQ03a
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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.)