NYSE$VLTO

Veralto Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Reported fourth quarter results, marked by sales increase and core sales growth.

Veralto reported a 4.4% increase in sales to $1,345 million, with non-GAAP core sales growth of 4.6%. The company's net earnings were $227 million, or $0.91 per diluted share, while non-GAAP adjusted net earnings reached $238 million, or $0.95 per diluted share. Operating cash flow was $285 million and non-GAAP free cash flow was $263 million.

  • Sales increased 4.4% year-over-year to $1,345 million, with non-GAAP core sales growth of 4.6%.
  • Operating profit margin was 22.9% and non-GAAP adjusted operating profit margin was 23.8%.
  • Net earnings were $227 million, or $0.91 per diluted common share.
  • Non-GAAP, adjusted net earnings were $238 million, or $0.95 per diluted common share.

Headline financials

Total Revenue

$1.35B

Previous: $1.29B+4.4%
EPS (adj)

$0.95

Previous: $0.87+9.2%
Operating Profit Margin

22.9%

No prior period
Adjusted Operating Profit Margin

23.8%

No prior period
Capital Expenditures

-$22M

Previous: -$22M+0.0%
Net Income

$227M

Previous: $200M+13.5%
Operating Income

$308M

Previous: $286M+7.7%
Gross Profit

$801M

Previous: $746M+7.4%
R&D Expense

$69M

Previous: $57M+21.1%

Revenue & EPS history

Veralto · Revenue · Quarterly

$1.35B

Q4 2024+4.4%vs Q4 2023
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

Veralto · $1.25B total across 2 segments · Q4 2022

  • Water Quality
    $756M
  • Product Quality & Innovation
    $492M

Forward guidance

Veralto anticipates low-to-mid single digit core sales growth for the first quarter and full year 2025. The company projects an adjusted operating profit margin between 24.0% and 24.5% for Q1 2025, and expansion of 25 to 50 basis points for the full year. Adjusted diluted earnings per share are targeted in the range of $0.84 to $0.88 for Q1 and $3.60 to $3.70 for the full year, with free cash flow conversion between 90% and 100% of GAAP net earnings.

Tailwinds

  • Targeting low-to-mid single digit core sales growth for full year 2025
  • Expecting another year of margin expansion.
  • Projecting strong cash generation.
  • Adjusted operating profit margin between 24.0% and 24.5% for Q1 2025
  • Free cash flow conversion in the range of 90% to 100% of GAAP net earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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