NYSE$VLTO
Veralto Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Veralto's third quarter performance in 2023 reflected solid operating execution amidst its separation from Danaher.
Veralto reported a 3% increase in sales to $1,255 million, with a 1% non-GAAP core sales growth. Net earnings were $205 million, or $0.83 per diluted common share. The company generated $232 million in non-GAAP free cash flow and expects to initiate a quarterly dividend of $0.09 per common share in Q4 2023.
- Sales increased 3% year-over-year to $1,255 million, with non-GAAP core sales growth of 1%.
- Operating profit margin was 21.8%, and non-GAAP adjusted operating profit margin was 22.4%.
- Net earnings were $205 million, or $0.83 per diluted common share.
- Non-GAAP adjusted diluted net earnings per common share were $0.75.
Headline financials
Revenue & EPS history
Veralto · Revenue · Quarterly
$1.26B
Revenue by segment
Veralto · $1.25B total across 2 segments · Q4 2022
- Water Quality$756M—60.6%
- Product Quality & Innovation$492M—39.4%
Forward guidance
For the fourth quarter 2023, the Company anticipates that non-GAAP core sales will be flat to down low-single digits year-over-year. The Company anticipates adjusted operating profit margin in the range of 23.5% to 24.5% and adjusted diluted earnings per share in the range of $0.79 to $0.84.
Headwinds
- Non-GAAP core sales will be flat to down low-single digits year-over-year
- Reduced demand for consumer-packaged goods impacting sales in its Product Quality and Innovation segment
- Continued demand weakness in China
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports
-0.8%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+4.3%
Avg return
30 days after
44%
7 / 16 earnings
Positive
+7.1%
Q4 2023
Best reaction
-6.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.1% | +3.1% | -4.0% | |
| Q4 2025 | -6.2% | -4.9% | -3.2% | |
| Q3 2025 | -3.0% | -3.5% | -1.3% | |
| Q2 2025 | +1.3% | +2.3% | +0.3% | |
| Q1 2025 | +3.0% | +2.8% | +8.5% | |
| Q4 2024 | -5.1% | -1.2% | -0.9% | |
| Q3 2024 | -5.4% | -7.0% | -4.8% | |
| Q2 2023 | +5.5% | +7.0% | +12.2% | |
| Q2 2024 | +5.6% | +7.8% | +12.6% | |
| Q1 2023 | +0.1% | +1.2% | +9.0% | |
| Q1 2024 | +1.3% | +3.2% | +9.5% | |
| Q4 2021 | -1.6% | -0.1% | +1.0% | |
| Q4 2023 | +7.1% | +8.4% | +17.9% | |
| Q4 2022 | -4.0% | -2.5% | +4.5% | |
| Q3 2022 | -4.0% | -2.5% | +4.5% | |
| Q3 2023 | -2.8% | -5.1% | +2.8% | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — |
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