Overview

* Veralto ( VLTO ) Q2 sales rise 6.4% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, reaching $0.93 per share, per LSEG data

* Co raises full year guidance for adjusted EPS and core sales growth

Outlook

* Veralto ( VLTO ) expects Q3 adjusted EPS of $0.91 to $0.95

* Company raises full-year EPS guidance to $3.72-$3.80

* Company expects full-year core sales growth in mid-single-digits

Result Drivers

* COMMERCIAL EXECUTION - Strong commercial execution and steady customer demand drove Q2 results, according to CEO Jennifer L. Honeycutt

* VERALTO ENTERPRISE SYSTEM - Application of the Veralto Enterprise System supported global growth and operating discipline, per CEO

* SECULAR GROWTH DRIVERS - Growth across end markets attributed to secular growth drivers, leading to raised full-year guidance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $1.37 $1.34

bln bln (13

Analysts

)

Q2 Beat $0.93 $0.88

Adjusted (12

EPS Analysts

)

Q2 EPS $0.89

Q2 Beat $232 mln $222.90

Adjusted mln (10

Net Analysts

Income )

Q2 Net $222 mln

Income

Q2 23.7%

Adjusted

Operatin

g Margin

Q2 22.8%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $109.50, about 5.7% above its July 25 closing price of $103.28

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

(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.)