01—Abstract
Summary
Summary of the 8-K filed October 28, 2025. Cited figures are marked; the original filing is the authoritative source.
Veralto Corporation (NYSE: VLTO) reported third-quarter 2025 results for the quarter ended October 3, 2025, via a press release furnished as Exhibit 99.1 under Item 2.02.
Sales rose 6.9% year-over-year to $1,404 milliona, with non-GAAP core sales growth of 5.1%. GAAP operating profit was $326 million (23.2% operating profit margin), and non-GAAP adjusted operating profit margin was 23.9%. Net earnings were $239 million, or $0.95 per diluted share, and non-GAAP adjusted net earnings were $247 million, or $0.99 per diluted share.
Operating cash flow was $270 millionb and non-GAAP free cash flow was $258 million. Management stated that the company delivered mid-single-digit core sales growth and double-digit earnings per share growth in both the third quarter and the first nine months of 2025. CEO Jennifer L.
Honeycutt said customer demand across key end markets was as expected in the third quarter and that the company has ample flexibility to invest in organic and inorganic opportunities. For the fourth quarter of 2025, Veralto anticipates low-single-digit non-GAAP core sales growth and adjusted diluted EPS of $0.95 to $0.98c.
For full-year 2025, the company raised its adjusted EPS guidance to $3.82 to $3.85d, up from $3.72 to $3.80. The outlook assumes mid-single-digit core sales growth, adjusted operating profit margin change of flat to +25 basis points, and free cash flow conversion of approximately 100%, which was also raised.
02—Key points
Key Highlights
- Q3 2025 sales of $1,404 million, up 6.9% year-over-year, with non-GAAP core sales growth of 5.1%
- GAAP net earnings of $239 million ($0.95 per diluted share) vs. $219 million ($0.88) in the prior-year quarter
- Non-GAAP adjusted diluted EPS of $0.99 in Q3 2025 vs. $0.89 in Q3 2024
- Operating cash flow of $270 million and non-GAAP free cash flow of $258 million in Q3 2025
- Full-year 2025 adjusted EPS guidance raised to $3.82 to $3.85 from $3.72 to $3.80
- Full-year free cash flow conversion guidance raised to approximately 100%
- Q4 2025 outlook calls for low-single-digit core sales growth and adjusted diluted EPS of $0.95 to $0.98
03—Questions
Frequently Asked Questions
How did Veralto perform in the third quarter of 2025?
Sales increased 6.9% year-over-year to $1,404 million, with non-GAAP core sales growth of 5.1%. GAAP operating profit was $326 million, a 23.2% operating profit margin, and non-GAAP adjusted operating profit margin was 23.9%. GAAP net earnings were $239 million, or $0.95 per diluted share.
What is the company's updated full-year 2025 earnings guidance?
Veralto raised its full-year 2025 adjusted diluted EPS guidance to $3.82 to $3.85, up from $3.72 to $3.80. The guidance assumes mid-single-digit core sales growth and adjusted operating profit margin expansion of flat to +25 basis points year-over-year.
What does Veralto expect for the fourth quarter of 2025?
The company anticipates non-GAAP core sales growth of low-single-digits year-over-year and adjusted diluted EPS in the range of $0.95 to $0.98 per share.
How strong was Veralto's cash generation in the quarter?
Operating cash flow was $270 million, compared with $224 million in the prior-year period. Non-GAAP free cash flow was $258 million, compared with $215 million. The company also raised its full-year free cash flow conversion guidance to approximately 100%.
What did management say about demand and the macro environment?
CEO Jennifer L. Honeycutt said customer demand across key end markets was as expected in the third quarter and that the company navigated a dynamic macro environment, particularly changes in global trade policies. She also said the company has ample flexibility to invest in organic and inorganic opportunities.
04—Continue