Veralto reports Q2 non-GAAP EPS 85c, consensus 80c

Reports Q2 revenue $1.29B, consensus $1.28B. CEO Jennifer Honeycutt stated, “Our Q2 performance reflects the durability of our businesses fortified by strong commercial and operational execution. We delivered core sales growth across both segments led by positive volume, and price increases in-line with historical levels. Additionally, we continued to expand margins at both segments through strong operational leverage, improved productivity and cost optimization. Increased rigor deploying the Veralto Enterprise System has helped drive growth, expand margins and ensure we deliver on our commitments…Today we raised our full year adjusted EPS guidance to reflect stronger operational execution and an incrementally more positive view of our end markets. As we look longer term, we remain committed to creating value through steady, durable core sales growth, continuous improvement and disciplined capital allocation.”