Veralto reports Q3 EPS 75c, consensus 70c

Reports Q3 revenue $1.26B, two estimates $1.21B. Jennifer L. Honeycutt, CEO, stated, “The third quarter 2023 marks a significant milestone for Veralto as we successfully completed our separation from Danaher. I’m proud of our team for their efforts related to the separation while also driving solid operating execution during the quarter in support of our customers. During the third quarter, we continued to deliver core sales growth and executed well on pricing, productivity and continuous improvement actions. We also generated strong free cash flow and strengthened our financial position. As we look longer term, we are confident that the durability of our businesses, the essential nature of our technology solutions and the strong secular growth drivers of our end markets will position us to drive steady growth, consistent with our historical track record. The combination of our leading brands, premier operating model powered by the Veralto Enterprise System and the strength of our balance sheet differentiates Veralto and positions us to deliver sustainable, long-term shareholder value.”