Feb 4 (Reuters) - Veralto ( VLTO ) reported an increase
in its fourth-quarter profit and revenue on Tuesday, helped by
strong demand for its industrial water treatment services.
The Waltham, Massachusetts-based company provides products
that help ensure water quality, and offers packaging and quality
control solutions to businesses in industries, including
pharmaceutical and consumer packaged goods.
"Demand continued to strengthen throughout 2024, highlighted
by industrial water treatment in North America and the recovery
of consumer-packaged goods markets global," said Jennifer
Honeycutt, CEO at the water treatment solutions provider.
Veralto ( VLTO ), which was spun off from lifesciences firm Danaher ( DHR )
in September 2023, reported revenue of $1.35 billion for the
quarter, up nearly 4.5% from a year ago.
The company's net income for the quarter ended Dec. 31 rose
to $227 million, or 91 cents per share, compared with $200
million, or 81 cents per share, a year earlier.