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Veralto posts higher Q4 profit, revenue on industrial water treatment demand
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Veralto posts higher Q4 profit, revenue on industrial water treatment demand
Feb 4, 2025 3:09 PM

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.

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