From Investing.com: 2024-07-28 11:18:42

Veralto Corporation reported a strong Q2 with net sales of $1.29 billion, 3.8% core sales growth, and increased full-year adjusted EPS guidance. The company saw flat sales in Western Europe and modest growth in China, but significant growth in Latin America and India. Gross profit rose 7% to $774 million with a 60% margin.

Veralto anticipates low-to-mid single digit core sales growth for the full year and increased adjusted EPS guidance to $3.37-$3.45 per share. The company remains committed to sustainability and plans to invest in sales and marketing for future growth.

Despite challenges in China and Western Europe, Veralto Corporation’s Q2 performance reflects growth and sustainability focus. With a 60% gross profit margin and strong end market prospects, the company raised its full-year guidance and expects continued growth in key segments. Long-term investments in R&D and marketing drive future opportunities.



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