Veralto Corporation Reports Strong 2024 Financial Results

Veralto Corporation ( (VLTO) ) has released its Q4 earnings. Here is a breakdown of the information Veralto Corporation presented to its investors.

Veralto Corporation is a global leader providing essential water and product quality solutions, focusing on safeguarding vital resources. The company recently announced its fourth-quarter and full-year 2024 financial results, marking a year of steady growth and strategic acquisitions. Veralto reported a 4.4% increase in sales for the fourth quarter, reaching $1,345 million, and a 3.4% rise for the full year 2024, totaling $5,193 million. The company’s non-GAAP core sales growth stood at 4.6% for the quarter and 3.7% for the year. Operating profit margins also improved, with a non-GAAP adjusted operating profit margin of 23.8% for the quarter and 24.1% for the year.

The company’s net earnings for the fourth quarter amounted to $227 million, or $0.91 per diluted share, and $833 million, or $3.34 per share, for the full year. On a non-GAAP basis, adjusted net earnings were $238 million for the quarter and $883 million for the year. Veralto also demonstrated robust cash flow, generating $285 million in operating cash flow for the quarter and $875 million for the year.

In 2024, Veralto made notable progress with the acquisition of TraceGains and saw strengthening demand in key markets, including industrial water treatment in North America and consumer-packaged goods globally. The company credits its success to strategic execution and the Veralto Enterprise System, which has been pivotal in achieving its goals.

Looking ahead, Veralto enters 2025 with a fortified financial position, aiming for low-to-mid single-digit core sales growth and continued margin expansion. The company remains focused on value creation through disciplined capital allocation, with a preference for acquisitions that enhance its mission to deliver clean water, safe food, and trusted essential goods.