How did Veralto perform in the second quarter of 2025?

Sales increased 6.4% year-over-year to $1,371 million, with non-GAAP core sales growth of 4.8%. GAAP net earnings were $222 million, or $0.89 per diluted share, and non-GAAP adjusted net earnings were $232 million, or $0.93 per diluted share.

What changed in Veralto's full-year 2025 guidance?

The company raised its adjusted diluted EPS guidance to $3.72 to $3.80 from $3.60 to $3.70 and raised its core sales growth assumption to mid-single-digits from low-to-mid-single-digits. Its adjusted operating profit margin and free cash flow conversion guidance were maintained.

What is the company's outlook for the third quarter of 2025?

Veralto anticipates non-GAAP core sales growth in the mid-single-digits year-over-year and adjusted diluted EPS in the range of $0.91 to $0.95 per share.

How did cash flow compare with the prior-year quarter?

Net cash provided by operating activities was $339 million, compared with $251 million in the prior-year quarter. Non-GAAP free cash flow was $323 million, compared with $240 million.

What did management say about the macroeconomic environment?

Management said its guidance includes its current assessment of the macroeconomic environment, including tariffs and its actions to mitigate adverse financial impacts. The CEO stated that the Veralto Enterprise System helped mitigate impacts from changes in global trade policies.

VLTO 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed July 28, 2025. Cited figures are marked; the original filing is the authoritative source.

Veralto Corporation (NYSE: VLTO) reported results for the second quarter ended July 4, 2025, in a press release furnished as Exhibit 99.1 under Item 2.02.

Sales increased 6.4% year-over-year to $1,371 million^a, with non-GAAP core sales growth of 4.8%. Operating profit margin was 22.8% on a GAAP basis and 23.7% on a non-GAAP adjusted basis. Net earnings were $222 million, or $0.89 per diluted share, while non-GAAP adjusted net earnings were $232 million, or $0.93 per diluted share.

Operating cash flow was $339 million^b and non-GAAP free cash flow was $323 million. Management cited strong commercial execution and steady, broad-based customer demand. CEO Jennifer L.

Honeycutt said the Veralto Enterprise System helped support global growth and mitigate impacts from changes in global trade policies. For the first half, the company grew core sales at a mid-single-digit rate, expanded adjusted operating profit margins and delivered double-digit adjusted earnings per share growth. Veralto raised its full-year 2025 guidance.

Adjusted diluted earnings per share is now expected at $3.72 to $3.80^c, up from $3.60 to $3.70, and full-year core sales growth is now expected at mid-single-digits, up from low-to-mid-single-digits. The company maintained its outlook for full-year adjusted operating profit margin expansion of flat to +50 basis points and free cash flow conversion of 90% to 100%. For the third quarter, it expects mid-single-digit core sales growth and adjusted diluted EPS of $0.91 to $0.95.

02—Key points

Key Highlights

Sales rose 6.4% year-over-year to $1,371 million in the quarter, with non-GAAP core sales growth of 4.8%.
GAAP net earnings were $222 million, or $0.89 per diluted share, versus $203 million, or $0.81 per diluted share, in the prior-year quarter.
Non-GAAP adjusted net earnings were $232 million, or $0.93 per diluted share, and adjusted operating profit margin was 23.7%.
Operating cash flow was $339 million, up from $251 million, and non-GAAP free cash flow was $323 million.
Full-year 2025 adjusted diluted EPS guidance was raised to $3.72 to $3.80 from $3.60 to $3.70.
Full-year core sales growth assumption was raised to mid-single-digits from low-to-mid-single-digits.
Full-year adjusted operating profit margin expansion (flat to +50 basis points) and free cash flow conversion (90% to 100%) guidance were maintained.

03—Questions

Frequently Asked Questions

How did Veralto perform in the second quarter of 2025?
Sales increased 6.4% year-over-year to $1,371 million, with non-GAAP core sales growth of 4.8%. GAAP net earnings were $222 million, or $0.89 per diluted share, and non-GAAP adjusted net earnings were $232 million, or $0.93 per diluted share.
What changed in Veralto's full-year 2025 guidance?
The company raised its adjusted diluted EPS guidance to $3.72 to $3.80 from $3.60 to $3.70 and raised its core sales growth assumption to mid-single-digits from low-to-mid-single-digits. Its adjusted operating profit margin and free cash flow conversion guidance were maintained.
What is the company's outlook for the third quarter of 2025?
Veralto anticipates non-GAAP core sales growth in the mid-single-digits year-over-year and adjusted diluted EPS in the range of $0.91 to $0.95 per share.
How did cash flow compare with the prior-year quarter?
Net cash provided by operating activities was $339 million, compared with $251 million in the prior-year quarter. Non-GAAP free cash flow was $323 million, compared with $240 million.
What did management say about the macroeconomic environment?
Management said its guidance includes its current assessment of the macroeconomic environment, including tariffs and its actions to mitigate adverse financial impacts. The CEO stated that the Veralto Enterprise System helped mitigate impacts from changes in global trade policies.

04—Continue

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