By Elias Schisgall

Shares of Veralto rose after the company said it was implementing a cost-optimization program and boosted its outlook for the year.

Shares were up 8.1% to $92.50 in after-hours trading, after closing down 1.8%, at $85.60, during the regular trading session. At the close, shares were down 13% year to date.

The program is expected to incur a charge of between $85 million and $105 million, and generate annual savings of between $65 million and $75 million by 2028.

The technology solutions company on Tuesday reported a profit of $254 million, or $1.02 a share, compared with a profit of $225 million, or 90 cents a share, a year earlier.

Stripping out certain one-time items, the company posted adjusted earnings of $1.07 a share. Analysts surveyed by FactSet were expecting $1.00 a share.

Sales rose to $1.42 billion, up from $1.33 billion a year earlier. Analysts were expecting sales of $1.4 billion.

The company said that it expects core sales growth to accelerate over the course of this year. It lifted its outlook for full-year adjusted earnings to a range of $4.20 to $4.28 a share, up from a previous range of $4.10 to $4.20 a share.

Full-year core sales growth is expected to be between 3% and 4.5%.

Analysts are expecting full-year earnings of $4.20 a share.

For the current second quarter, the company is expecting adjusted earnings between 96 cents and $1.00 a share, with core sales growth between 3% and 4%. Analysts are expecting $1.02 a share.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

April 28, 2026 18:44 ET (22:44 GMT)

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