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)
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