VLTO
Veralto Corporation99.34
-0.94-0.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms steady demand, data nuance
Q&A largely reaffirmed steady demand across municipal and industrial water markets, with management highlighting insulation from CapEx cycles and strong data center read-through in precursors like power and semis—yet data centers themselves grow double digits from a small base, not meaningfully lifting growth. In-Situ synergies prioritize top-line acceleration to low double digits via complementary channels and VES tools. Pricing contributes ~200bps to low-to-mid single-digit core sales guide, aided by tariff roll-offs offset by investments. Western Europe Q4 dip tied to shipping days. M&A pipeline stays robust. Demand holds firm. Investors eye H2 volume acceleration and In-Situ integration.
Key Stats
Market Cap
24.67BP/E (TTM)
27.22Basic EPS (TTM)
3.65Dividend Yield
0%Recent Filings
10-K
FY2025 results
Veralto posted $5.5B in FY2025 sales, up 6.0% reported and 4.7% core from 2024, with recurring revenue at 61% of the mix. Water Quality drove 60% of topline with 5.9% sales growth and margins expanding to 25.4% on pricing and productivity, while PQI added 6.2% sales yet margins slipped to 25.2% from labor costs. Net earnings hit $940M or $3.76 diluted EPS on 250M shares, up from $833M last year. Q4 momentum showed cash surging to $2.0B on $1.1B operating flows, funding a $0.13/share dividend hike and $750M buyback authorization. Tariffs pose supply chain risks.
8-K
Strong 2025 results, 2026 guidance
Veralto reported Q4 sales up 3.8% to $1,396 million and full-year sales up 6.0% to $5,503 million, with GAAP net earnings of $940 million. Non-GAAP adjusted EPS hit $3.90, backed by $1,014 million free cash flow. Late In-Situ acquisition bolsters water analytics; $750 million buyback and 18% dividend hike signal confidence. Q1 2026 core sales flat to low-single digits.
8-K
Approves $750M buyback program
8-K
Chainey named CLO effective Dec 1
Veralto named Kimberly Y. Chainey Senior Vice President and Chief Legal Officer, effective December 1, 2025. Chainey, ex-AptarGroup CLO with 20+ years advising Fortune 500 boards, gets $600,000 base, 75% target bonus, $400,000 sign-on cash, and $4.5M in sign-on/annual equity. She bolsters legal muscle for global growth. No family ties or conflicts disclosed.
10-Q
Q3 FY2025 results
Veralto posted Q3 sales of $1,404M, up 6.9% y/y from $1,314M, with core growth at 5.1% (derived) fueled by Water Quality's 7.0% rise to $856M and PQI's 6.9% to $548M; gross margins ticked to 60.1% from 59.6%, operating profit held at 23.2%, and diluted EPS climbed to $0.95 from $0.88 on 250.6M shares. Cash swelled to $1,775M, FCF hit $723M (derived) on $766M operating cash minus $43M capex, while total debt eased to $2,672M including $700M 2026 Notes due soon. Both segments grew across North America and high-growth markets. Debt covenants pose execution risk.
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