Overview

* Veralto ( VLTO ) Q3 sales rise 6.9% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

* Company raises full-year adjusted EPS guidance, indicating confidence in growth

Outlook

* Veralto ( VLTO ) anticipates Q4 non-GAAP core sales growth of low-single-digits

* Veralto ( VLTO ) expects Q4 adjusted EPS between $0.95 and $0.98

* Veralto ( VLTO ) raises full-year adjusted EPS guidance to $3.82-$3.85

Result Drivers

* COMMERCIAL PERFORMANCE - Strong commercial execution and disciplined operating practices drove mid-single digit core sales growth

* CUSTOMER DEMAND - Demand across key end markets was as expected, supporting sales growth

* FINANCIAL FLEXIBILITY - Strengthened financial position allows for investment in growth opportunities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.40 $1.39

bln bln (13

Analysts

)

Q3 Beat $0.99 $0.94

Adjusted (12

EPS Analysts

)

Q3 EPS $0.95

Q3 Beat $247 mln $236.95

Adjusted mln (11

Net Analysts

Income )

Q3 Net $239 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "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 ( VLTO ) is $119.00, about 12.5% above its October 27 closing price of $104.12

* The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

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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.)